SHA:688816 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
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
Cash & Equivalents	988.09	60.04	81.68	213.42	180.62
Short-Term Investments	-	-	20.71	-	-
Trading Asset Securities	361.1	120.36	154.64	10.52	13.42
Cash & Short-Term Investments	1,349	180.4	257.03	223.94	194.03
Cash Growth	-	-29.82%	14.78%	15.41%	-
Accounts Receivable	298.45	333.48	261.6	199.89	148.69
Other Receivables	10.73	2.01	1.56	0.95	1.01
Receivables	309.18	335.49	263.22	201.36	150.16
Inventory	166.69	126.32	150.18	165.38	144.61
Other Current Assets	7.3	11.32	6.32	2.88	5.73
Total Current Assets	1,832	653.53	676.74	593.56	494.53
Property, Plant & Equipment	37.9	36.6	12.56	17.77	22.85
Long-Term Investments	220.76	141.33	0.3	20.3	-
Goodwill	-	-	-	-	0.85
Other Intangible Assets	3.65	4.14	5.25	6.64	8.06
Long-Term Accounts Receivable	1.12	1.41	2.31	1.94	2.37
Long-Term Deferred Tax Assets	-	-	0.32	1.22	2.35
Long-Term Deferred Charges	8.94	5.01	6.03	9.05	15.2
Other Long-Term Assets	-	-	0.3	0.09	0.63
Total Assets	2,105	842.01	703.8	650.57	546.83

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
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
Accounts Payable	64.86	54.49	43.54	44.26	54.09
Accrued Expenses	28.08	42.51	37.51	37.58	28.29
Short-Term Debt	3	8.82	5.42	10.06	9.98
Current Portion of Leases	8.45	7.37	0.34	-	-
Current Unearned Revenue	172.51	123.6	124.01	151.43	126.54
Other Current Liabilities	24.06	27.89	16.19	20.42	17.71
Total Current Liabilities	301.01	264.68	227.02	263.75	236.61
Long-Term Leases	9.89	14.18	-	-	6.73
Long-Term Unearned Revenue	8.21	4.53	1.64	4.67	6.1
Long-Term Deferred Tax Liabilities	1.32	1.42	1.96	3.07	4.47
Total Liabilities	320.43	284.81	230.63	271.49	253.9

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
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
Common Stock	100	75	75	75	5.63
Additional Paid-In Capital	1,590	328.49	319.03	310.4	290.98
Retained Earnings	100.33	161.65	83.19	-2.51	-2.2
Comprehensive Income & Other	-0.59	-0.14	0.48	1.09	0.24
Total Common Equity	1,790	565	477.71	383.98	294.65
Minority Interest	-5.24	-7.81	-4.53	-4.9	-1.73
Shareholders' Equity	1,784	557.19	473.18	379.08	292.92
Total Liabilities & Equity	2,105	842.01	703.8	650.57	546.83

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
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
Total Debt	21.34	30.36	5.76	10.06	16.72
Net Cash (Debt)	1,328	150.03	251.27	213.88	177.32
Net Cash Growth	-	-40.29%	17.48%	20.62%	-
Net Cash Per Share	15.63	2.00	3.34	2.84	-
Filing Date Shares Outstanding	100	100	75	75.36	-
Total Common Shares Outstanding	100	75	75	75.36	-
Working Capital	1,531	388.85	449.72	329.81	257.93
Book Value Per Share	17.90	7.53	6.37	5.10	-
Tangible Book Value	1,786	560.87	472.46	377.34	285.75
Tangible Book Value Per Share	17.86	7.48	6.30	5.01	-
Machinery	36.6	35.77	33.53	31.57	29.2
Construction In Progress	8.43	3.33	0.95	-	0.03