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

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