SHA:688031 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	409.94	583.27	352.75	282.52	53.5	339.12	Upgrade
Short-Term Investments	-	30.15	131.92	-	-	-	Upgrade
Trading Asset Securities	51.37	71.65	595.17	1,262	491.06	410.21	Upgrade
Cash & Short-Term Investments	461.3	685.07	1,080	1,544	544.56	749.34	Upgrade
Cash Growth	-25.66%	-36.56%	-30.07%	183.57%	-27.33%	9.87%	Upgrade
Accounts Receivable	330.88	376.82	413.17	267.54	194.08	136.3	Upgrade
Other Receivables	14.74	17.44	8.37	8.18	6.62	8.07	Upgrade
Receivables	345.62	394.26	421.54	275.72	200.7	144.37	Upgrade
Inventory	68.27	51.61	50.25	48.78	42.88	31.19	Upgrade
Other Current Assets	49.23	7.16	7.39	4.81	15.93	6.35	Upgrade
Total Current Assets	924.42	1,138	1,559	1,874	804.07	931.25	Upgrade
Property, Plant & Equipment	131.75	169.05	136.04	54.31	46.64	13.22	Upgrade
Long-Term Investments	36.53	35.89	27.01	-	-	-	Upgrade
Other Intangible Assets	44.81	52.8	21.87	0.19	0.15	0.23	Upgrade
Long-Term Deferred Charges	35.59	0.42	1.08	3.01	2.93	4.27	Upgrade
Other Long-Term Assets	0.08	-	47.83	16.28	-	-	Upgrade
Total Assets	1,173	1,396	1,793	1,947	853.79	948.98	Upgrade
Accounts Payable	88.65	86.25	86.84	46	37.94	29.94	Upgrade
Accrued Expenses	10.92	45.61	89.77	84.98	76.16	64.36	Upgrade
Short-Term Debt	30.03	40.03	55.55	-	-	-	Upgrade
Current Portion of Leases	17.42	17.21	14.9	20.08	12.3	-	Upgrade
Current Income Taxes Payable	20.92	-	-	-	-	0.07	Upgrade
Current Unearned Revenue	77.08	62.57	38.45	22.58	50.53	30.88	Upgrade
Other Current Liabilities	2.18	10.41	9.06	11.1	8.71	7.34	Upgrade
Total Current Liabilities	247.19	262.08	294.56	184.74	185.64	132.58	Upgrade
Long-Term Leases	3.16	16.72	24.06	15.55	18.25	-	Upgrade
Long-Term Unearned Revenue	9.68	5.45	10.26	22.69	19.67	23.23	Upgrade
Other Long-Term Liabilities	18.68	17.57	24.15	15.66	13.71	13.08	Upgrade
Total Liabilities	278.71	301.82	353.03	238.64	237.27	168.9	Upgrade
Common Stock	121.14	120.84	120.84	120.84	90.63	89.65	Upgrade
Additional Paid-In Capital	2,310	2,297	2,298	2,278	943.39	861.8	Upgrade
Retained Earnings	-1,537	-1,319	-975.76	-687.52	-416.17	-171.5	Upgrade
Comprehensive Income & Other	-	-	-	-	0.31	0.13	Upgrade
Total Common Equity	894.46	1,099	1,443	1,711	618.16	780.08	Upgrade
Minority Interest	-	-4.29	-3.47	-2.54	-1.64	-	Upgrade
Shareholders' Equity	894.46	1,094	1,440	1,709	616.52	780.08	Upgrade
Total Liabilities & Equity	1,173	1,396	1,793	1,947	853.79	948.98	Upgrade
Total Debt	50.61	73.95	94.5	35.62	30.55	-	Upgrade
Net Cash (Debt)	410.7	611.12	985.34	1,509	514	749.34	Upgrade
Net Cash Growth	-21.80%	-37.98%	-34.69%	193.50%	-31.41%	9.87%	Upgrade
Net Cash Per Share	3.39	5.05	8.17	15.79	5.67	8.85	Upgrade
Filing Date Shares Outstanding	121.14	120.84	120.84	120.84	90.63	89.65	Upgrade
Total Common Shares Outstanding	121.14	120.84	120.84	120.84	90.63	89.65	Upgrade
Working Capital	677.23	876.02	1,264	1,689	618.43	798.67	Upgrade
Book Value Per Share	7.38	9.09	11.94	14.16	6.82	8.70	Upgrade
Tangible Book Value	849.65	1,046	1,421	1,711	618.01	779.85	Upgrade
Tangible Book Value Per Share	7.01	8.66	11.76	14.16	6.82	8.70	Upgrade
Machinery	-	207.76	140.11	57.34	45.9	37.88	Upgrade
Construction In Progress	-	-	3.66	-	1.09	0.5	Upgrade

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