SHA:603173 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	2018 - 2019
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	2018 - 2019
Cash & Equivalents	1,623	1,521	1,367	391.9	224.74	172.79	Upgrade
Trading Asset Securities	346.36	50.11	-	-	-	31	Upgrade
Cash & Short-Term Investments	1,969	1,571	1,367	391.9	224.74	203.79	Upgrade
Cash Growth	61.08%	14.93%	248.71%	74.38%	10.28%	97.82%	Upgrade
Accounts Receivable	1,172	1,443	1,408	1,279	837.3	509.12	Upgrade
Other Receivables	9.73	15.54	39.81	14.23	12.8	24.06	Upgrade
Receivables	1,182	1,458	1,448	1,294	850.11	533.18	Upgrade
Inventory	1,273	1,026	645.44	544.46	490.15	393.56	Upgrade
Prepaid Expenses	-	-	-	-	0.6	-	Upgrade
Other Current Assets	684.22	595.62	451.17	292.55	153.78	178.69	Upgrade
Total Current Assets	5,108	4,651	3,911	2,522	1,719	1,309	Upgrade
Property, Plant & Equipment	511.84	473.8	295.19	225.4	143.4	139.48	Upgrade
Long-Term Investments	6.49	6.6	4.13	3.91	4.7	4.25	Upgrade
Other Intangible Assets	93.41	93.95	96.38	68.12	67.47	25.7	Upgrade
Long-Term Accounts Receivable	-	-	10.04	25.09	40.15	-	Upgrade
Long-Term Deferred Tax Assets	75.21	62.27	44.58	27.17	21.48	15.38	Upgrade
Long-Term Deferred Charges	-	-	-	5.1	4.36	-	Upgrade
Other Long-Term Assets	8.18	11.24	35.73	31.03	27.71	63.23	Upgrade
Total Assets	5,803	5,299	4,397	2,908	2,029	1,557	Upgrade
Accounts Payable	1,377	1,387	1,233	1,178	668.07	531.04	Upgrade
Accrued Expenses	52.05	105.91	78.12	69.1	74.82	25.9	Upgrade
Short-Term Debt	-	-	43.04	156.18	92.12	52.07	Upgrade
Current Portion of Long-Term Debt	-	-	20.02	0.02	-	4.9	Upgrade
Current Portion of Leases	0.17	0.16	0.46	0.39	-	-	Upgrade
Current Income Taxes Payable	45.2	28.64	23.79	1.44	7.99	17.26	Upgrade
Current Unearned Revenue	2,270	1,975	1,397	748.24	615.86	547.97	Upgrade
Other Current Liabilities	140.42	162.83	141.68	91.03	58.33	32.49	Upgrade
Total Current Liabilities	3,885	3,660	2,938	2,244	1,517	1,212	Upgrade
Long-Term Debt	-	-	-	20	-	-	Upgrade
Long-Term Leases	-	-	0.03	0.38	-	-	Upgrade
Long-Term Unearned Revenue	11.84	2.22	2.44	0.18	0.19	0.21	Upgrade
Long-Term Deferred Tax Liabilities	-	-	-	-	0.66	0.59	Upgrade
Other Long-Term Liabilities	12.9	10.28	3.4	20.55	11.55	6.07	Upgrade
Total Liabilities	3,910	3,672	2,944	2,285	1,530	1,219	Upgrade
Common Stock	160	160	160	120	120	120	Upgrade
Additional Paid-In Capital	841.78	840.71	839.27	218.94	217.5	216.42	Upgrade
Retained Earnings	920.27	654.66	452.7	283.95	161.21	1.04	Upgrade
Treasury Stock	-29.98	-29.98	-	-	-	-	Upgrade
Comprehensive Income & Other	1.6	1.32	1.59	0.14	0.33	1.3	Upgrade
Shareholders' Equity	1,894	1,627	1,454	623.03	499.03	338.76	Upgrade
Total Liabilities & Equity	5,803	5,299	4,397	2,908	2,029	1,557	Upgrade
Total Debt	0.17	0.16	63.55	176.98	92.12	56.97	Upgrade
Net Cash (Debt)	1,969	1,571	1,303	214.92	132.62	146.82	Upgrade
Net Cash Growth	66.52%	20.53%	506.29%	62.06%	-9.68%	407.17%	Upgrade
Net Cash Per Share	12.38	9.80	8.32	1.79	1.10	1.22	Upgrade
Filing Date Shares Outstanding	158.42	158.42	160	120	120	120	Upgrade
Total Common Shares Outstanding	158.42	158.42	160	120	120	120	Upgrade
Working Capital	1,223	991.34	973.39	278.31	202.19	97.6	Upgrade
Book Value Per Share	11.95	10.27	9.08	5.19	4.16	2.82	Upgrade
Tangible Book Value	1,800	1,533	1,357	554.91	431.57	313.06	Upgrade
Tangible Book Value Per Share	11.36	9.68	8.48	4.62	3.60	2.61	Upgrade
Buildings	-	397.23	242.77	233.15	167.11	158.81	Upgrade
Machinery	-	203.04	103.07	93.63	76.29	74.34	Upgrade
Construction In Progress	-	38.63	80.96	6.02	9.63	-	Upgrade

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