Shangtai Technology announced that as of December 31, 2025, the company's net assets attributable to shareholders of listed companies as of December 31, 2025 were 7.012 billion yuan. As of the corresponding statistics date of 2026, the company's loan balance was 4.820 billion yuan. Compared with the additional loans of 1,730 billion yuan since the listing of convertible bonds, the proportion of new loans returned to the mother's net assets at the end of 2025 was 24.67%, or more than 20%. The new loans are all bank loans, which are mainly used for daily production and operation, and will not adversely affect the company's ability to pay its debts.

Shangtai Technology announced that as of December 31, 2025, the company's net assets attributable to shareholders of listed companies as of December 31, 2025 were 7.012 billion yuan. As of the corresponding statistics date of 2026, the company's loan balance was 4.820 billion yuan. Compared with the additional loans of 1,730 billion yuan since the listing of convertible bonds, the proportion of new loans returned to the mother's net assets at the end of 2025 was 24.67%, or more than 20%. The new loans are all bank loans, which are mainly used for daily production and operation, and will not adversely affect the company's ability to pay its debts.