FRA:735 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	11,923	6,109	2,078	685.31	5,265	5,680
Short-Term Investments	1,843	3,511	3,885	4,356	-	-
Trading Asset Securities	11.39	11.43	8.42	12.83	20.54	-
Cash & Short-Term Investments	13,777	9,632	5,972	5,054	5,285	5,680
Cash Growth	96.33%	61.29%	18.15%	-4.37%	-6.95%	1416.29%
Accounts Receivable	971.58	477.72	321.34	194.37	171.33	78.33
Other Receivables	-	85.75	33.36	58.57	11.96	3.25
Receivables	971.58	563.47	354.7	252.93	183.29	81.58
Inventory	2,274	1,622	984.05	1,009	983.3	314.31
Prepaid Expenses	-	124.95	134.03	116.33	116.98	67.17
Restricted Cash	79.99	25.65	18.16	13.27	3.35	3.26
Other Current Assets	748.21	268.68	220.83	169.53	185.11	109.34
Total Current Assets	17,851	12,236	7,683	6,616	6,757	6,256
Property, Plant & Equipment	2,308	1,667	1,379	1,151	975.8	526.12
Long-Term Investments	528.96	548.66	578.77	542.37	390.23	67.28
Goodwill	-	0.09	0.1	0.1	0.1	0.11
Other Intangible Assets	207.47	135.31	115.79	146.4	133.93	92.62
Long-Term Deferred Tax Assets	333.43	147.03	83.42	80.98	35.55	23.09
Other Long-Term Assets	127.89	136.56	127.99	44.17	30.73	6.18
Total Assets	21,357	14,871	9,969	8,580	8,324	6,971
Accounts Payable	1,628	1,010	444.94	259.01	266.1	115.8
Accrued Expenses	546.25	1,024	508.75	352.27	254.89	172.44
Short-Term Debt	-	-	15.06	-	-	-
Current Portion of Leases	414.94	363.09	351.8	293.57	256.91	144.72
Current Income Taxes Payable	1,034	562.14	115.12	47.07	97.17	59.67
Current Unearned Revenue	855.22	188.58	112.14	88.8	119.62	83.94
Other Current Liabilities	1,445	221.64	185.48	90.04	98.02	88.74
Total Current Liabilities	5,923	3,370	1,733	1,131	1,093	665.31
Long-Term Leases	996.26	601.47	425.95	447.56	364.54	147.05
Long-Term Deferred Tax Liabilities	-	-	14.42	15.12	-	-
Other Long-Term Liabilities	7.65	14.54	14.81	21.31	46.37	27.93
Total Liabilities	6,927	3,986	2,188	1,615	1,504	840.3
Common Stock	0.88	0.88	0.89	0.91	0.92	0.92
Additional Paid-In Capital	-	10,945	11,305	11,845	12,417	12,552
Retained Earnings	10,969	6,535	3,409	2,327	1,851	997.08
Treasury Stock	-	-	-10.47	-186.4	-	-
Comprehensive Income & Other	3,214	-6,797	-6,935	-7,023	-7,451	-7,420
Total Common Equity	14,184	10,684	7,770	6,963	6,818	6,129
Minority Interest	245.53	201.13	10.46	2.04	1.82	1.63
Shareholders' Equity	14,430	10,885	7,780	6,965	6,820	6,131
Total Liabilities & Equity	21,357	14,871	9,969	8,580	8,324	6,971
Total Debt	1,411	964.56	792.81	741.13	621.45	291.77
Net Cash (Debt)	12,366	8,667	5,179	4,313	4,664	5,388
Net Cash Growth	99.61%	67.35%	20.07%	-7.52%	-13.45%	2718.00%
Net Cash Per Share	9.27	6.51	3.86	3.16	3.38	4.45
Filing Date Shares Outstanding	1,329	1,328	1,329	1,347	1,402	1,402
Total Common Shares Outstanding	1,329	1,328	1,329	1,347	1,402	1,402
Working Capital	11,927	8,866	5,950	5,485	5,665	5,591
Book Value Per Share	10.67	8.04	5.85	5.17	4.86	4.37
Tangible Book Value	13,977	10,548	7,654	6,817	6,684	6,037
Tangible Book Value Per Share	10.52	7.94	5.76	5.06	4.77	4.31
Machinery	-	412.98	436.48	338.79	272	181.79
Construction In Progress	-	27.09	0.47	66.95	7.39	-
Leasehold Improvements	-	920.04	777.07	413.95	305.21	146.94

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