FRA:8C9 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	822.55	564.33	364.15	217.49	593.71	775.85
Short-Term Investments	-	321.82	249.35	76.74	135.46	135.54
Trading Asset Securities	3.55	2.65	11.9	93.4	78.12	35.19
Cash & Short-Term Investments	826.1	888.8	625.4	387.63	807.28	946.58
Cash Growth	44.41%	42.12%	61.34%	-51.98%	-14.72%	-17.77%
Accounts Receivable	1,550	1,473	1,434	697.19	627.57	253.25
Other Receivables	-	789.12	720.54	-	-	-
Receivables	1,550	2,263	2,155	697.19	628.56	254.23
Inventory	2,253	2,722	1,950	1,067	1,060	948.5
Prepaid Expenses	-	-	-	-	0.95	0.57
Other Current Assets	3,879	1,854	1,554	2,767	1,021	789.18
Total Current Assets	8,508	7,728	6,284	4,919	3,518	2,939
Property, Plant & Equipment	13,572	13,854	13,832	11,173	7,513	5,440
Long-Term Investments	3.41	3.41	3.41	3.41	3.41	3.35
Goodwill	-	-	-	108.43	108.43	-
Other Intangible Assets	30.42	35.4	47.01	73.28	94.29	117.59
Long-Term Accounts Receivable	-	-	-	-	-	590.95
Long-Term Deferred Tax Assets	3.78	16.63	19.52	37.08	11.35	7.24
Other Long-Term Assets	453.85	468.29	816.75	1,945	3,030	1,921
Total Assets	22,571	22,106	21,002	18,259	14,278	11,019
Accounts Payable	2,153	2,210	2,604	1,398	2,096	1,013
Accrued Expenses	83.95	239.18	169.38	96.06	102.83	165.83
Short-Term Debt	7,736	6,665	5,915	6,949	4,309	3,036
Current Portion of Long-Term Debt	2,090	1,846	1,199	279	-	-
Current Portion of Leases	20.16	35.87	32.96	3.74	4.24	2.1
Current Income Taxes Payable	54.26	55.68	54.81	52.23	99.11	150.11
Current Unearned Revenue	-	350.46	348.09	172.7	252.14	176.07
Other Current Liabilities	2,285	2,291	2,097	1,658	675.84	480.68
Total Current Liabilities	14,423	13,694	12,420	10,609	7,539	5,023
Long-Term Debt	2,031	2,433	3,076	3,270	1,941	1,162
Long-Term Leases	16.37	15.36	48.55	18.53	18.91	14.14
Long-Term Deferred Tax Liabilities	66.19	62.37	55.34	35.31	38.66	27.37
Other Long-Term Liabilities	838.43	1,007	1,041	-	-	-
Total Liabilities	17,375	17,212	16,640	13,933	9,538	6,227
Common Stock	102.66	102.66	102.66	102.66	102.66	102.66
Additional Paid-In Capital	1,352	1,352	1,352	1,352	1,352	1,352
Retained Earnings	4,465	4,164	3,632	3,540	3,910	3,950
Comprehensive Income & Other	-707.51	-707.51	-706.01	-697.53	-698.86	-692.44
Total Common Equity	5,213	4,912	4,381	4,298	4,666	4,713
Minority Interest	-17.09	-17.98	-19.37	27.97	74.55	79
Shareholders' Equity	5,196	4,894	4,361	4,326	4,741	4,792
Total Liabilities & Equity	22,571	22,106	21,002	18,259	14,278	11,019
Total Debt	11,894	10,996	10,272	10,521	6,273	4,214
Net Cash (Debt)	-11,068	-10,108	-9,646	-10,133	-5,465	-3,268
Net Cash Per Share	-9.56	-8.73	-8.27	-8.62	-4.65	-2.77
Filing Date Shares Outstanding	1,190	1,190	1,190	1,190	1,190	1,190
Total Common Shares Outstanding	1,190	1,190	1,190	1,190	1,190	1,190
Working Capital	-5,916	-5,966	-6,136	-5,690	-4,022	-2,084
Book Value Per Share	4.38	4.13	3.68	3.61	3.92	3.96
Tangible Book Value	5,182	4,876	4,334	4,116	4,463	4,595
Tangible Book Value Per Share	4.36	4.10	3.64	3.46	3.75	3.86
Buildings	-	3,769	3,678	1,416	1,330	1,254
Machinery	-	13,698	13,539	6,389	6,234	6,178
Construction In Progress	-	837.68	176.72	6,603	2,777	813.05

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