SHA:688022 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	115.65	182.07	133.81	136.88	82.81	560.9
Short-Term Investments	-	20.83	11.23	8.69	-	3.39
Trading Asset Securities	-	-	-	0.17	202.99	-
Cash & Short-Term Investments	115.65	202.9	145.03	145.73	285.8	564.29
Cash Growth	-62.81%	39.90%	-0.48%	-49.01%	-49.35%	-6.86%
Accounts Receivable	479.85	529.58	982.49	882.94	462.31	293.94
Other Receivables	12.07	16.67	17.75	4.81	29.32	7.32
Receivables	491.92	546.25	1,000	887.75	499.62	301.26
Inventory	549.96	685.89	1,003	890.6	487.74	308.96
Other Current Assets	144.12	246.65	252.37	186.28	117.17	69.39
Total Current Assets	1,302	1,682	2,401	2,110	1,390	1,244
Property, Plant & Equipment	883.64	916.87	900.06	628.94	571.8	256.74
Long-Term Investments	254.43	256.06	472.83	147.13	68.69	30.21
Goodwill	-	-	4.97	4.97	4.97	5.51
Other Intangible Assets	51.73	51.96	59.38	30.95	32.15	30.92
Long-Term Accounts Receivable	-	-	-	2.42	0.2	0.71
Long-Term Deferred Tax Assets	61.86	70.89	71.45	39.32	17.76	12.6
Long-Term Deferred Charges	1.55	1.6	28.95	34.41	34.39	34.62
Other Long-Term Assets	-	1.85	137.22	7.25	1.4	10.88
Total Assets	2,555	2,981	4,076	3,006	2,122	1,626
Accounts Payable	249.13	572.3	865.3	756.15	400	320.58
Accrued Expenses	9.32	96.11	150.54	128.03	61.6	54.6
Short-Term Debt	729.69	715.11	754.88	695.55	482.46	217.82
Current Portion of Long-Term Debt	259.72	135.05	24.02	51.86	-	-
Current Portion of Leases	-	2.04	17.87	17.67	10.78	-
Current Income Taxes Payable	25.72	0.04	0.1	12.61	6.21	2.97
Current Unearned Revenue	418.8	468.37	179.74	172.66	112.8	103.33
Other Current Liabilities	64.49	54.43	38.93	71.59	36.68	9.59
Total Current Liabilities	1,757	2,043	2,031	1,906	1,111	708.9
Long-Term Debt	84.57	269.94	242.07	36	44.86	12.02
Long-Term Leases	3.39	3.44	15.75	20.93	25.93	-
Long-Term Unearned Revenue	3.89	4.45	5.19	5.93	6.67	7.87
Long-Term Deferred Tax Liabilities	13.2	8.23	11.71	14.07	5.2	0.42
Other Long-Term Liabilities	9.13	9.33	3.43	-	0.36	2.91
Total Liabilities	1,871	2,339	2,310	1,983	1,194	732.12
Common Stock	175.88	175.88	175.88	108.54	108.29	108
Additional Paid-In Capital	1,525	1,520	1,520	627.79	628.41	612.29
Retained Earnings	-867.21	-910.68	192.31	292.84	219.32	176.22
Treasury Stock	-141.25	-135	-125.57	-	-23	-
Comprehensive Income & Other	0.09	0.19	0.94	0.81	0.76	-0.01
Total Common Equity	692.72	650.85	1,764	1,030	933.79	896.5
Minority Interest	-8.89	-8.74	2.45	-7.25	-5.66	-2.54
Shareholders' Equity	683.84	642.11	1,766	1,023	928.13	893.97
Total Liabilities & Equity	2,555	2,981	4,076	3,006	2,122	1,626
Total Debt	1,077	1,126	1,055	822.02	564.03	229.84
Net Cash (Debt)	-961.72	-922.67	-909.56	-676.29	-278.23	334.45
Net Cash Growth	-	-	-	-	-	-44.05%
Net Cash Per Share	-5.52	-5.24	-5.27	-4.51	-1.83	2.22
Filing Date Shares Outstanding	170.46	170.46	170.94	151.95	150.6	151.2
Total Common Shares Outstanding	170.46	170.46	170.94	151.95	150.6	151.2
Working Capital	-455.2	-361.74	369.43	204.25	279.79	535
Book Value Per Share	4.06	3.82	10.32	6.78	6.20	5.93
Tangible Book Value	640.99	598.89	1,699	994.05	896.67	860.07
Tangible Book Value Per Share	3.76	3.51	9.94	6.54	5.95	5.69
Buildings	-	925.94	553.63	534.43	104.31	84.8
Machinery	-	91.26	187.44	108.12	106.65	83.85
Construction In Progress	-	-	222.68	13.43	370.73	118.01

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