FRA:52J 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	343.82	265.78	570.17	1,172	2,305	4,548
Trading Asset Securities	-	-	-	3.95	-	-
Cash & Short-Term Investments	343.82	265.78	570.17	1,176	2,305	4,548
Cash Growth	-11.03%	-53.39%	-51.52%	-48.97%	-49.32%	332.19%
Accounts Receivable	180.81	131.31	42.01	65.27	46.98	8.07
Other Receivables	4,111	4,871	4,935	5,443	6,468	3,907
Receivables	4,292	5,002	4,977	5,508	6,515	3,915
Inventory	12,090	13,878	21,216	32,879	39,046	32,404
Restricted Cash	323.81	572.92	1,120	2,914	4,608	2,211
Other Current Assets	1,950	1,905	1,911	1,982	1,202	1,102
Total Current Assets	19,000	21,624	29,795	44,459	53,677	44,181
Property, Plant & Equipment	47.53	56.83	70.99	105.97	138.94	67.98
Long-Term Investments	1,315	1,321	1,340	1,364	1,620	1,469
Long-Term Deferred Tax Assets	163.34	173.5	249.3	400.97	409.5	347.84
Other Long-Term Assets	138.5	138.5	153	183.02	183.02	180.9
Total Assets	20,664	23,314	31,608	46,513	56,028	46,246
Accounts Payable	2,511	3,214	2,587	3,739	4,461	4,731
Accrued Expenses	33.24	127.44	89.64	96.61	277.03	393.59
Short-Term Debt	3,788	3,752	3,188	2,800	3,509	5,976
Current Portion of Long-Term Debt	3,376	2,921	2,797	2,742	2,758	6,051
Current Portion of Leases	8.47	8.61	8.02	9.56	16.63	12.15
Current Income Taxes Payable	259.64	452.97	411.66	169.05	315.88	325.48
Current Unearned Revenue	2,033	2,746	8,695	21,294	27,240	20,980
Other Current Liabilities	86.1	128.83	116.91	218.45	199.32	571.65
Total Current Liabilities	12,095	13,351	17,893	31,068	38,777	39,040
Long-Term Debt	914.91	1,631	2,027	4,025	6,737	2,591
Long-Term Leases	35.23	39.59	48.2	56.42	80.19	18.05
Long-Term Deferred Tax Liabilities	207.11	214.47	291.95	236.65	157.12	110.4
Total Liabilities	13,252	15,236	20,260	35,386	45,751	41,760
Common Stock	14.84	14.84	14.84	14.84	14.9	14.92
Additional Paid-In Capital	1,449	1,449	1,449	1,449	1,468	1,475
Retained Earnings	1,358	1,688	2,346	2,198	2,076	1,889
Comprehensive Income & Other	284.24	284.24	284.24	289.1	282.96	315.52
Total Common Equity	3,106	3,435	4,094	3,951	3,842	3,694
Minority Interest	4,306	4,643	7,255	7,177	6,436	792.68
Shareholders' Equity	7,412	8,078	11,348	11,128	10,278	4,487
Total Liabilities & Equity	20,664	23,314	31,608	46,513	56,028	46,246
Total Debt	8,122	8,352	8,068	9,632	13,100	14,647
Net Cash (Debt)	-7,778	-8,086	-7,498	-8,456	-10,795	-10,100
Net Cash Per Share	-4.80	-4.99	-4.62	-5.20	-6.62	-7.13
Filing Date Shares Outstanding	1,622	1,622	1,622	1,622	1,629	1,631
Total Common Shares Outstanding	1,622	1,622	1,622	1,622	1,629	1,631
Working Capital	6,905	8,273	11,902	13,391	14,900	5,141
Book Value Per Share	1.91	2.12	2.52	2.44	2.36	2.27
Tangible Book Value	3,106	3,435	4,094	3,951	3,842	3,694
Tangible Book Value Per Share	1.91	2.12	2.52	2.44	2.36	2.27
Machinery	-	39.04	32.99	52.26	46.17	39.79
Leasehold Improvements	-	17.51	15.28	26.2	34.56	11.36
Order Backlog	-	2,789	11,411	-	-	24,757

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