SHA:688720 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	183.71	193.83	94.94	387.22	7.84	16.66
Short-Term Investments	221.6	97.25	41.88	54.8	68.17	-
Trading Asset Securities	-	0	102.07	205.22	10.05	74.41
Cash & Short-Term Investments	405.32	291.08	238.88	647.24	86.07	91.07
Cash Growth	20.81%	21.85%	-63.09%	652.04%	-5.49%	31.43%
Accounts Receivable	265.49	222.89	227.6	184.34	123.59	144.94
Other Receivables	6.13	5.92	8.17	8.98	9.77	7.93
Receivables	271.63	228.82	235.77	193.32	133.35	152.87
Inventory	104.44	70.01	61.57	39.59	34.6	40.56
Other Current Assets	11.58	12.65	15.52	3.68	3.67	4.07
Total Current Assets	792.96	602.55	551.74	883.84	257.69	288.57
Property, Plant & Equipment	459.29	440.38	318.42	275.29	224.8	180.5
Long-Term Investments	72.54	290.74	318.36	92.8	54.51	51.83
Goodwill	4.86	4.86	4.86	-	-	-
Other Intangible Assets	16.64	15.86	17.08	10.84	12.2	9.48
Long-Term Deferred Tax Assets	15.64	12.65	9.26	9.26	9.34	1.78
Long-Term Deferred Charges	10.17	10.78	3.61	3.19	-	-
Other Long-Term Assets	20.66	13.17	20.77	4.68	3.72	3.45
Total Assets	1,393	1,391	1,244	1,280	562.26	535.61

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Accounts Payable	107.02	48.37	61.05	77.15	52.04	74.37
Accrued Expenses	14.37	17.48	13.26	33.8	18.21	13.17
Short-Term Debt	137.42	207.34	153.65	93.93	32.69	15.81
Current Portion of Long-Term Debt	5.01	3.01	-	0.03	-	-
Current Portion of Leases	1.05	0.93	0.58	0.56	0.25	0.38
Current Income Taxes Payable	-	0.07	0.53	0.02	-	1.17
Current Unearned Revenue	7.08	3.34	3.45	0.77	0.34	1.54
Other Current Liabilities	37.53	43.78	20.69	16.21	6.58	7.23
Total Current Liabilities	309.49	324.33	253.22	222.48	110.11	113.68
Long-Term Debt	12	15	-	36.04	7.6	-
Long-Term Leases	2.19	2.48	1.34	1.54	-	0.17
Long-Term Unearned Revenue	11.58	11.39	8.33	-	-	-
Long-Term Deferred Tax Liabilities	2.91	3.16	3.12	3.58	3.36	-
Total Liabilities	338.17	356.35	266.01	263.64	121.07	113.85

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Common Stock	122.93	88.13	88.13	88.13	66.1	66.1
Additional Paid-In Capital	762.81	790.26	792.47	792.47	270	270
Retained Earnings	205.67	193.4	142.17	125.82	93.16	76.49
Treasury Stock	-55.6	-55.64	-60.02	-	-	-
Comprehensive Income & Other	13.93	13.71	11.23	9.83	11.92	9.17
Total Common Equity	1,050	1,030	973.97	1,016	441.19	421.76
Minority Interest	4.86	4.76	4.13	-	-	-
Shareholders' Equity	1,055	1,035	978.1	1,016	441.19	421.76
Total Liabilities & Equity	1,393	1,391	1,244	1,280	562.26	535.61

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Debt	157.67	228.76	155.57	132.1	40.54	16.36
Net Cash (Debt)	247.65	62.31	83.31	515.14	45.53	74.7
Net Cash Growth	94.85%	-25.20%	-83.83%	1031.55%	-39.06%	20.66%
Net Cash Per Share	2.06	0.51	0.68	5.52	0.49	0.84
Filing Date Shares Outstanding	110.74	121.79	121.78	123.07	92.54	92.54
Total Common Shares Outstanding	110.74	121.79	121.78	123.39	92.54	92.54
Working Capital	483.47	278.22	298.53	661.36	147.58	174.89
Book Value Per Share	9.48	8.46	8.00	8.24	4.77	4.56
Tangible Book Value	1,028	1,009	952.03	1,005	428.99	412.28
Tangible Book Value Per Share	9.29	8.29	7.82	8.15	4.64	4.46
Buildings	233.66	209.1	201.95	138.61	99.42	69.1
Machinery	301.35	280.44	179.45	137.47	125.04	33.69
Construction In Progress	38.81	45.84	2.25	40.84	26.38	93.65