SHA:603124 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	Sep '25 Sep 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	1,289	711.83	284.67	192.71	220.64	138.72
Trading Asset Securities	10.04	-	-	31.27	22.09	0.65
Cash & Short-Term Investments	1,299	711.83	284.67	223.98	242.73	139.37
Cash Growth	356.22%	150.05%	27.10%	-7.72%	74.16%	6.37%
Accounts Receivable	2,109	1,647	1,324	1,029	979.15	637.09
Other Receivables	16.58	0.64	0.2	0.17	0.27	0
Receivables	2,125	1,648	1,324	1,029	979.42	637.09
Inventory	583.4	549.79	450.49	342.26	318.32	339.41
Other Current Assets	147.19	99.87	37.96	29.72	70.2	55.55
Total Current Assets	4,155	3,009	2,097	1,625	1,611	1,171
Property, Plant & Equipment	268.62	274.08	200.86	152.31	122.44	110.08
Other Intangible Assets	31.13	31.73	32.5	33.12	33.91	34.73
Long-Term Deferred Tax Assets	9.12	9.31	4.7	9.95	7.34	5.09
Long-Term Deferred Charges	34.14	13.24	7.2	4.83	4.61	6.2
Other Long-Term Assets	28.63	5.86	2.34	3.68	3.23	1.89
Total Assets	4,526	3,343	2,345	1,829	1,782	1,329
Accounts Payable	1,261	858.95	426.05	271.03	290.43	332.81
Accrued Expenses	6.6	25.5	23.74	4.93	7.81	12.12
Short-Term Debt	1,056	799.43	527.6	400.01	376.7	247.37
Current Portion of Long-Term Debt	21.6	24.07	50.56	-	-	1.02
Current Portion of Leases	-	8.07	3.65	-	-	-
Current Income Taxes Payable	43.37	22.1	18.49	25.82	45.24	14.97
Current Unearned Revenue	20.21	7.84	2.01	1.8	2.47	4.72
Other Current Liabilities	97.66	110.98	71.92	36.9	101.88	76.32
Total Current Liabilities	2,507	1,857	1,124	740.5	824.53	689.34
Long-Term Debt	155.67	63.54	8.98	30.1	8.03	48.41
Long-Term Leases	26.42	30.37	11.47	0.76	1.53	-
Long-Term Unearned Revenue	19.23	20.87	11.96	12.79	14.57	12.86
Long-Term Deferred Tax Liabilities	20.84	16.92	10.96	13.06	10.51	6.44
Total Liabilities	2,729	1,989	1,167	797.21	859.18	757.04
Common Stock	145.75	109.31	109.31	109.31	109.31	98.5
Additional Paid-In Capital	839.58	544.94	543.83	539.77	536.53	344.44
Retained Earnings	811.72	700.41	524.1	382.34	277.19	129.46
Shareholders' Equity	1,797	1,355	1,177	1,031	923.03	572.39
Total Liabilities & Equity	4,526	3,343	2,345	1,829	1,782	1,329
Total Debt	1,260	925.49	602.26	430.88	386.26	296.79
Net Cash (Debt)	38.58	-213.66	-317.59	-206.89	-143.53	-157.42
Net Cash Per Share	0.30	-1.95	-2.91	-1.89	-1.35	-1.71
Filing Date Shares Outstanding	145.75	109.31	109.31	109.52	106.28	92.04
Total Common Shares Outstanding	145.75	109.31	109.31	109.52	106.28	92.04
Working Capital	1,648	1,152	973	884.24	786.14	482.09
Book Value Per Share	12.33	12.39	10.77	9.42	8.68	6.22
Tangible Book Value	1,766	1,323	1,145	998.29	889.12	537.66
Tangible Book Value Per Share	12.12	12.10	10.47	9.11	8.37	5.84
Buildings	-	83.15	83.15	-	-	-
Machinery	-	221.87	155.73	-	-	-
Construction In Progress	-	44.98	35.38	-	-	-

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