SHA:688012 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	7,507	7,762	7,090	7,326	8,659	1,132
Trading Asset Securities	790.87	834.02	1,869	2,939	2,511	1,505
Cash & Short-Term Investments	8,298	8,596	8,959	10,265	11,169	2,637
Cash Growth	10.19%	-4.06%	-12.72%	-8.09%	323.59%	14.03%
Accounts Receivable	2,171	1,473	1,250	779.99	631.36	384.35
Other Receivables	28.47	11.39	10.23	26.54	17.54	32.81
Receivables	2,200	1,485	1,261	806.53	648.9	417.16
Inventory	8,194	7,039	4,260	3,402	1,762	1,064
Other Current Assets	931.17	782.23	607.25	181.47	150.1	79.74
Total Current Assets	19,623	17,901	15,087	14,655	13,731	4,198
Property, Plant & Equipment	3,599	3,384	2,862	1,359	640.83	196.89
Long-Term Investments	3,542	2,638	2,222	2,165	1,370	659.32
Other Intangible Assets	1,169	692.96	686.94	590.3	572.86	289.27
Long-Term Accounts Receivable	-	-	-	-	-	10.45
Long-Term Deferred Tax Assets	314.89	180.15	102.16	55.71	3.77	-
Long-Term Deferred Charges	1,335	1,254	511.05	324.62	252.63	273.94
Other Long-Term Assets	202.96	167.11	53.37	885.25	162.64	173.36
Total Assets	29,787	26,218	21,526	20,035	16,733	5,801
Accounts Payable	2,107	1,680	1,305	960.12	734.63	422.22
Accrued Expenses	211.84	660.3	416.88	290.88	186.21	202.25
Current Portion of Long-Term Debt	18.84	27.38	500.38	-	-	-
Current Portion of Leases	-	8.24	9.44	11.67	12.24	-
Current Income Taxes Payable	14	124.4	147.61	73.2	4.22	5.22
Current Unearned Revenue	4,389	2,586	771.6	2,195	1,372	592.14
Other Current Liabilities	760.44	547.08	472.62	387.81	261.51	10.81
Total Current Liabilities	7,501	5,634	3,624	3,919	2,571	1,233
Long-Term Debt	735.1	721.8	-	500	-	-
Long-Term Leases	5.43	10.99	16.79	11.4	4.44	-
Long-Term Unearned Revenue	95.53	95.74	21.02	50.04	145.88	173.16
Long-Term Deferred Tax Liabilities	0.04	0.04	23.43	50.4	56.96	6.33
Other Long-Term Liabilities	9.5	19.59	17.58	21.49	14.34	19.45
Total Liabilities	8,346	6,482	3,702	4,552	2,793	1,432
Common Stock	626.15	622.36	619.28	616.24	616.24	534.86
Additional Paid-In Capital	14,801	14,102	13,317	12,647	12,288	3,819
Retained Earnings	6,337	5,311	3,880	2,218	1,048	36.84
Treasury Stock	-300.78	-300.78	-	-	-	-
Comprehensive Income & Other	9.73	2.44	9.12	2.64	-12.32	-21.99
Total Common Equity	21,472	19,737	17,826	15,484	13,940	4,369
Minority Interest	-31.45	-1.37	-3.02	-1.43	0.18	0.25
Shareholders' Equity	21,441	19,736	17,823	15,483	13,940	4,369
Total Liabilities & Equity	29,787	26,218	21,526	20,035	16,733	5,801
Total Debt	759.37	768.42	526.6	523.07	16.68	-
Net Cash (Debt)	7,539	7,827	8,433	9,742	11,153	2,637
Net Cash Growth	7.59%	-7.18%	-13.44%	-12.65%	322.96%	14.03%
Net Cash Per Share	12.05	12.60	13.60	15.82	19.41	4.93
Filing Date Shares Outstanding	624.05	620.27	619.28	616.24	616.24	534.86
Total Common Shares Outstanding	624.05	620.27	619.28	616.24	616.24	534.86
Working Capital	12,123	12,267	11,464	10,736	11,160	2,965
Book Value Per Share	34.41	31.82	28.79	25.13	22.62	8.17
Tangible Book Value	20,303	19,044	17,139	14,894	13,367	4,080
Tangible Book Value Per Share	32.53	30.70	27.68	24.17	21.69	7.63
Buildings	-	2,497	1,807	257.51	156.98	151.02
Machinery	-	732.6	596.61	461.69	448.49	380.67
Construction In Progress	-	652.15	848.8	1,000	407.28	13.94

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