FRA:1V0 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	2,575	3,316	4,075	3,799	4,391	5,057
Trading Asset Securities	1,024	1,994	2,000	1,044	527.04	591.16
Cash & Short-Term Investments	3,598	5,310	6,075	4,843	4,918	5,648
Cash Growth	-28.60%	-12.60%	25.44%	-1.52%	-12.93%	21.53%
Accounts Receivable	4,772	4,361	6,654	6,153	3,619	2,251
Other Receivables	3,571	2,538	3,083	3,885	1,313	980.67
Receivables	8,343	6,899	9,737	10,039	4,932	3,232
Inventory	33.77	33.62	38.52	46.97	38.53	18.85
Restricted Cash	160.26	137.91	167.91	57.79	3,349	27.57
Other Current Assets	623.24	482.05	469.64	314.76	173.3	173.44
Total Current Assets	12,759	12,862	16,488	15,301	13,411	9,100
Property, Plant & Equipment	905.41	663.18	715.31	654.26	580.7	290.09
Long-Term Investments	1,128	1,118	1,215	1,182	1,135	1,135
Goodwill	2,543	2,552	2,887	3,315	3,123	2,182
Other Intangible Assets	823.82	913.78	1,170	1,372	1,351	961.24
Long-Term Deferred Tax Assets	988.41	977.07	385.18	258.96	137.7	50.3
Other Long-Term Assets	1,199	1,162	1,190	618.31	443.12	256.71
Total Assets	20,347	20,247	24,051	22,702	20,181	13,975
Accounts Payable	2,943	2,917	2,944	2,665	1,758	1,164
Accrued Expenses	878.62	937.41	1,200	1,173	1,174	958.18
Short-Term Debt	-	170.9	-	93.07	49.68	298.84
Current Portion of Long-Term Debt	282.84	77.5	181.39	-	16.41	7.84
Current Portion of Leases	26.44	27.34	35.72	26.89	47.17	20.8
Current Income Taxes Payable	446.98	464.46	576.03	561.43	547.22	425.3
Current Unearned Revenue	1,405	1,415	1,568	1,340	1,181	804.13
Other Current Liabilities	2,356	2,510	2,539	2,328	1,983	1,186
Total Current Liabilities	8,340	8,520	9,044	8,188	6,757	4,865
Long-Term Debt	146.61	213.28	115.37	11.75	12.45	9.2
Long-Term Leases	14.92	17.71	42.07	25.3	30.59	16.29
Long-Term Unearned Revenue	89.13	91.72	83.63	19.73	84.34	75.27
Long-Term Deferred Tax Liabilities	220.37	246.81	313.15	325.54	351.06	225.35
Other Long-Term Liabilities	10.69	6.99	2.89	6.67	35.19	126.28
Total Liabilities	8,822	9,097	9,601	8,577	7,270	5,318
Common Stock	1,420	1,420	1,420	1,420	1,420	1,333
Additional Paid-In Capital	5,251	5,251	5,251	5,251	5,270	3,138
Retained Earnings	3,020	2,768	6,166	5,741	4,484	2,868
Comprehensive Income & Other	22.25	-31.1	-24.22	52.4	17.39	15.26
Total Common Equity	9,714	9,408	12,813	12,464	11,191	7,355
Minority Interest	1,811	1,743	1,636	1,660	1,720	1,303
Shareholders' Equity	11,525	11,150	14,449	14,125	12,911	8,657
Total Liabilities & Equity	20,347	20,247	24,051	22,702	20,181	13,975
Total Debt	470.82	506.72	374.54	157.01	156.29	352.96
Net Cash (Debt)	3,128	4,803	5,700	4,686	4,761	5,295
Net Cash Growth	-31.48%	-15.75%	21.65%	-1.59%	-10.08%	16.50%
Net Cash Per Share	2.20	3.38	4.01	3.30	3.44	3.97
Filing Date Shares Outstanding	1,419	1,420	1,420	1,420	1,420	1,333
Total Common Shares Outstanding	1,419	1,420	1,420	1,420	1,420	1,333
Working Capital	4,419	4,342	7,444	7,113	6,654	4,235
Book Value Per Share	6.85	6.63	9.02	8.78	7.88	5.52
Tangible Book Value	6,346	5,942	8,756	7,777	6,717	4,212
Tangible Book Value Per Share	4.47	4.18	6.17	5.48	4.73	3.16
Buildings	409.19	186.31	135.72	165.58	163.89	151.71
Machinery	953.99	827.62	805.47	654.42	467.66	204.36

Source: S&P Global Market Intelligence. Standard template. Financial Sources.