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	2015 - 2019
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	2015 - 2019
Cash & Equivalents	822.55	564.33	364.15	217.49	593.71	775.85	Upgrade
Short-Term Investments	-	321.82	249.35	76.74	135.46	135.54	Upgrade
Trading Asset Securities	3.55	2.65	11.9	93.4	78.12	35.19	Upgrade
Cash & Short-Term Investments	826.1	888.8	625.4	387.63	807.28	946.58	Upgrade
Cash Growth	44.41%	42.12%	61.34%	-51.98%	-14.72%	-17.77%	Upgrade
Accounts Receivable	1,550	1,473	1,434	697.19	627.57	253.25	Upgrade
Other Receivables	-	789.12	720.54	-	-	-	Upgrade
Receivables	1,550	2,263	2,155	697.19	628.56	254.23	Upgrade
Inventory	2,253	2,722	1,950	1,067	1,060	948.5	Upgrade
Prepaid Expenses	-	-	-	-	0.95	0.57	Upgrade
Other Current Assets	3,879	1,854	1,554	2,767	1,021	789.18	Upgrade
Total Current Assets	8,508	7,728	6,284	4,919	3,518	2,939	Upgrade
Property, Plant & Equipment	13,572	13,854	13,832	11,173	7,513	5,440	Upgrade
Long-Term Investments	3.41	3.41	3.41	3.41	3.41	3.35	Upgrade
Goodwill	-	-	-	108.43	108.43	-	Upgrade
Other Intangible Assets	30.42	35.4	47.01	73.28	94.29	117.59	Upgrade
Long-Term Accounts Receivable	-	-	-	-	-	590.95	Upgrade
Long-Term Deferred Tax Assets	3.78	16.63	19.52	37.08	11.35	7.24	Upgrade
Other Long-Term Assets	453.85	468.29	816.75	1,945	3,030	1,921	Upgrade
Total Assets	22,571	22,106	21,002	18,259	14,278	11,019	Upgrade
Accounts Payable	2,153	2,210	2,604	1,398	2,096	1,013	Upgrade
Accrued Expenses	83.95	239.18	169.38	96.06	102.83	165.83	Upgrade
Short-Term Debt	7,736	6,665	5,915	6,949	4,309	3,036	Upgrade
Current Portion of Long-Term Debt	2,090	1,846	1,199	279	-	-	Upgrade
Current Portion of Leases	20.16	35.87	32.96	3.74	4.24	2.1	Upgrade
Current Income Taxes Payable	54.26	55.68	54.81	52.23	99.11	150.11	Upgrade
Current Unearned Revenue	-	350.46	348.09	172.7	252.14	176.07	Upgrade
Other Current Liabilities	2,285	2,291	2,097	1,658	675.84	480.68	Upgrade
Total Current Liabilities	14,423	13,694	12,420	10,609	7,539	5,023	Upgrade
Long-Term Debt	2,031	2,433	3,076	3,270	1,941	1,162	Upgrade
Long-Term Leases	16.37	15.36	48.55	18.53	18.91	14.14	Upgrade
Long-Term Deferred Tax Liabilities	66.19	62.37	55.34	35.31	38.66	27.37	Upgrade
Other Long-Term Liabilities	838.43	1,007	1,041	-	-	-	Upgrade
Total Liabilities	17,375	17,212	16,640	13,933	9,538	6,227	Upgrade
Common Stock	102.66	102.66	102.66	102.66	102.66	102.66	Upgrade
Additional Paid-In Capital	1,352	1,352	1,352	1,352	1,352	1,352	Upgrade
Retained Earnings	4,465	4,164	3,632	3,540	3,910	3,950	Upgrade
Comprehensive Income & Other	-707.51	-707.51	-706.01	-697.53	-698.86	-692.44	Upgrade
Total Common Equity	5,213	4,912	4,381	4,298	4,666	4,713	Upgrade
Minority Interest	-17.09	-17.98	-19.37	27.97	74.55	79	Upgrade
Shareholders' Equity	5,196	4,894	4,361	4,326	4,741	4,792	Upgrade
Total Liabilities & Equity	22,571	22,106	21,002	18,259	14,278	11,019	Upgrade
Total Debt	11,894	10,996	10,272	10,521	6,273	4,214	Upgrade
Net Cash (Debt)	-11,068	-10,108	-9,646	-10,133	-5,465	-3,268	Upgrade
Net Cash Per Share	-9.56	-8.73	-8.27	-8.62	-4.65	-2.77	Upgrade
Filing Date Shares Outstanding	1,190	1,190	1,190	1,190	1,190	1,190	Upgrade
Total Common Shares Outstanding	1,190	1,190	1,190	1,190	1,190	1,190	Upgrade
Working Capital	-5,916	-5,966	-6,136	-5,690	-4,022	-2,084	Upgrade
Book Value Per Share	4.38	4.13	3.68	3.61	3.92	3.96	Upgrade
Tangible Book Value	5,182	4,876	4,334	4,116	4,463	4,595	Upgrade
Tangible Book Value Per Share	4.36	4.10	3.64	3.46	3.75	3.86	Upgrade
Buildings	-	3,769	3,678	1,416	1,330	1,254	Upgrade
Machinery	-	13,698	13,539	6,389	6,234	6,178	Upgrade
Construction In Progress	-	837.68	176.72	6,603	2,777	813.05	Upgrade

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