SHA:603125 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	650.98	1,167	721.38	212.86	119.08	76.19
Short-Term Investments	-	-	304.34	-	-	-
Trading Asset Securities	398.32	126.56	402.38	-	-	-
Cash & Short-Term Investments	1,049	1,293	1,428	212.86	119.08	76.19
Cash Growth	-19.65%	-9.45%	570.92%	78.76%	56.29%	102.54%
Accounts Receivable	422.02	414.33	399.54	390.04	310.12	257.85
Other Receivables	0.91	0.42	0.43	0.51	0.72	35.63
Receivables	422.93	414.74	399.97	390.55	310.84	293.61
Inventory	172.52	119.74	106.95	99.18	99.59	80.42
Other Current Assets	62.34	6.55	3.25	13.06	19.01	15.99
Total Current Assets	1,707	1,834	1,938	715.65	548.51	466.21
Property, Plant & Equipment	635.39	557.22	203.59	173.73	170.26	125.35
Long-Term Investments	10.89	10.63	10.42	10.32	10.17	10.17
Other Intangible Assets	130.7	66.99	68.81	69.52	71.05	19.59
Long-Term Deferred Tax Assets	3.57	3.39	3.31	3.02	2.29	2.28
Long-Term Deferred Charges	-	-	0.6	1.12	-	-
Other Long-Term Assets	66.05	83.5	73.25	0.31	0.26	0.03
Total Assets	2,554	2,556	2,298	973.67	802.55	623.62
Accounts Payable	75.38	124.29	46.53	40.87	44.63	26
Accrued Expenses	3.61	16.17	16.17	15.75	10.14	9.42
Short-Term Debt	-	-	-	13.32	63.06	45.61
Current Portion of Long-Term Debt	0.76	0.32	-	-	-	-
Current Portion of Leases	-	0.13	0.13	-	-	-
Current Income Taxes Payable	0.78	12.06	6.24	4.81	9.53	11.01
Current Unearned Revenue	5.66	11.03	3.94	10.83	4.43	1.79
Other Current Liabilities	43.94	39.6	38.74	32.98	2.11	4.92
Total Current Liabilities	130.13	203.6	111.75	118.55	133.91	98.74
Long-Term Debt	2.85	3.16	-	-	-	-
Long-Term Unearned Revenue	8.1	8.2	8.76	9.22	9.68	10.14
Long-Term Deferred Tax Liabilities	21.81	8.54	9.22	9.08	2.33	2.18
Total Liabilities	162.89	223.5	129.74	136.85	145.92	111.06
Common Stock	404.84	279.2	192.55	144.41	144.41	144.41
Additional Paid-In Capital	1,190	1,315	1,400	314.87	313.5	312.12
Retained Earnings	788.6	727.93	567.98	372.73	195.08	51.44
Comprehensive Income & Other	6.9	10.27	7.66	4.8	3.64	4.59
Shareholders' Equity	2,391	2,332	2,169	836.82	656.63	512.56
Total Liabilities & Equity	2,554	2,556	2,298	973.67	802.55	623.62
Total Debt	3.61	3.61	0.13	13.32	63.06	45.61
Net Cash (Debt)	1,046	1,290	1,428	199.54	56.02	30.58
Net Cash Growth	-19.91%	-9.69%	615.63%	256.22%	83.17%	-
Net Cash Per Share	2.53	3.18	3.85	0.66	0.18	0.11
Filing Date Shares Outstanding	404.84	404.84	404.84	303.62	303.62	303.62
Total Common Shares Outstanding	404.84	404.84	404.84	303.62	303.62	303.62
Working Capital	1,577	1,631	1,827	597.1	414.6	367.47
Book Value Per Share	5.91	5.76	5.36	2.76	2.16	1.69
Tangible Book Value	2,260	2,265	2,100	767.3	585.58	492.98
Tangible Book Value Per Share	5.58	5.60	5.19	2.53	1.93	1.62
Buildings	-	46.1	46.42	46.28	38.13	-
Machinery	-	266.54	274.67	269.29	189.45	-
Construction In Progress	-	422.59	51.31	2.9	69.33	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.