SHA:688019 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	1,449	897.66	532.01	329.32	332.63	335.52
Trading Asset Securities	215.65	44.68	61.13	168.72	219.38	497.82
Cash & Short-Term Investments	1,664	942.34	593.14	498.04	552.01	833.34
Cash Growth	105.70%	58.87%	19.10%	-9.78%	-33.76%	13.00%
Accounts Receivable	553.95	392.77	282.01	237.57	178.09	67.62
Other Receivables	0.81	1.32	1.21	1.21	0.88	0.66
Receivables	554.76	394.08	283.22	238.78	178.97	68.28
Inventory	908.69	617.64	427.21	365.9	230.42	104.49
Other Current Assets	32.68	72.1	38.74	43.25	34.53	15.55
Total Current Assets	3,161	2,026	1,342	1,146	995.93	1,022
Property, Plant & Equipment	920.98	777.74	583.59	543.44	503.49	191.54
Long-Term Investments	365.3	339.08	314.11	208.94	100.52	11
Goodwill	-	-	7.39	-	-	-
Other Intangible Assets	75.62	79.36	80.23	33.76	12.25	11.06
Long-Term Deferred Tax Assets	32.51	46.12	44.35	45.23	41.72	27.82
Long-Term Deferred Charges	146.2	158.79	134.92	16.68	11.03	9.24
Other Long-Term Assets	75.03	24.52	96.51	53.6	7.29	15.03
Total Assets	4,776	3,452	2,603	2,048	1,672	1,287
Accounts Payable	155.02	143.33	80.5	85.72	80.79	61.2
Accrued Expenses	45.72	59.64	31.81	32.5	17.72	14
Short-Term Debt	141.82	130.1	9.87	30.03	15.89	22.14
Current Portion of Long-Term Debt	42.82	37.07	4.01	0.13	-	-
Current Portion of Leases	-	31.75	27.66	23.93	26.99	-
Current Income Taxes Payable	11.88	15.71	4.13	20.98	21.25	19.21
Current Unearned Revenue	26.74	39.69	30.76	181.83	168.43	91.59
Other Current Liabilities	8.13	9.28	4.23	1.71	1.14	0.9
Total Current Liabilities	432.13	466.57	192.96	376.84	332.2	209.04
Long-Term Debt	814.73	114.45	94.59	29.9	-	-
Long-Term Leases	116.48	82.2	82.85	98.96	116.9	-
Long-Term Unearned Revenue	72.73	83.65	102.03	18.51	21.98	21.52
Long-Term Deferred Tax Liabilities	4.43	3.93	6.92	1.84	-	8.68
Total Liabilities	1,441	750.8	479.36	526.05	471.07	239.24
Common Stock	168.55	129.21	99.07	74.7	53.22	53.11
Additional Paid-In Capital	1,079	1,068	1,019	791.59	779.52	735.71
Retained Earnings	2,073	1,523	1,023	652.67	368.21	259.06
Treasury Stock	-	-19.75	-19.75	-	-	-
Comprehensive Income & Other	15.31	0.62	2.73	2.59	0.21	0.23
Shareholders' Equity	3,336	2,701	2,124	1,522	1,201	1,048
Total Liabilities & Equity	4,776	3,452	2,603	2,048	1,672	1,287
Total Debt	1,116	395.58	218.98	182.95	159.77	22.14
Net Cash (Debt)	548.59	546.76	374.16	315.08	392.24	811.19
Net Cash Growth	14.04%	46.13%	18.75%	-19.67%	-51.65%	10.00%
Net Cash Per Share	3.26	3.26	2.24	1.92	2.40	4.97
Filing Date Shares Outstanding	168.55	167.82	167.22	166.92	163.7	163.35
Total Common Shares Outstanding	168.55	167.82	167.22	164.12	163.7	163.35
Working Capital	2,728	1,560	1,149	769.12	663.73	812.62
Book Value Per Share	19.79	16.09	12.70	9.27	7.34	6.42
Tangible Book Value	3,260	2,622	2,036	1,488	1,189	1,037
Tangible Book Value Per Share	19.34	15.62	12.18	9.07	7.26	6.35
Buildings	-	105.3	53.43	53.43	51.83	42.09
Machinery	-	640.81	419.46	305.11	283.99	128.25
Construction In Progress	-	166.53	178.71	192.46	111.44	85.43

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