SHA:688032 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	3,381	4,109	4,843	5,287	5,580	177.31
Trading Asset Securities	50.65	-	-	191.01	110.01	-
Cash & Short-Term Investments	3,431	4,109	4,843	5,478	5,690	177.31
Cash Growth	-21.09%	-15.16%	-11.59%	-3.72%	3109.02%	-1.95%
Accounts Receivable	548.39	766.23	447.99	359.09	277.23	223.04
Other Receivables	34.68	44.26	60.66	101.88	43.65	9.22
Receivables	583.07	810.5	508.65	460.97	320.88	232.26
Inventory	1,062	940.62	730.75	641.59	214.33	126.22
Prepaid Expenses	-	4.25	2.19	1.69	0	-
Other Current Assets	335.89	307.37	99.06	59.7	12.31	12.83
Total Current Assets	5,412	6,172	6,184	6,642	6,237	548.63
Property, Plant & Equipment	1,587	1,530	675.94	573.7	149.12	107.64
Long-Term Investments	158.58	83.87	48.24	7.5	-	-
Other Intangible Assets	332.68	359.4	209.03	17.85	17.33	17.23
Long-Term Accounts Receivable	-	7.36	17.14	4.91	1.12	4.38
Long-Term Deferred Tax Assets	230.77	144.69	78.8	48.51	15.11	7.38
Long-Term Deferred Charges	33.41	34.69	12.78	8.3	2.56	1.65
Other Long-Term Assets	12.26	1.75	1.81	14.69	0.24	-
Total Assets	7,767	8,333	7,228	7,318	6,423	686.9
Accounts Payable	573.19	1,208	522.37	534.38	225.12	160.14
Accrued Expenses	80.19	141.32	88.61	70.12	58.38	29.98
Short-Term Debt	429.01	158.01	26.82	-	20.01	31.55
Current Portion of Long-Term Debt	-	-	1.01	-	-	-
Current Portion of Leases	99.25	10.08	14.73	4.7	-	-
Current Income Taxes Payable	23.87	24.89	32.49	52.77	30.11	11.3
Current Unearned Revenue	47.52	53	48.5	146.78	31.83	25.1
Other Current Liabilities	43.94	18.63	12.88	33.21	7.06	12.45
Total Current Liabilities	1,297	1,613	747.41	841.94	372.52	270.51
Long-Term Debt	551.86	266.18	9	-	21.53	-
Long-Term Leases	17.7	17.91	32.68	17.95	11.54	14.76
Long-Term Unearned Revenue	13.79	14.34	2.32	1.5	1.58	1.66
Long-Term Deferred Tax Liabilities	1.7	1.75	1.82	-	-	-
Other Long-Term Liabilities	53.3	62.71	55.3	47.74	30.51	22.81
Total Liabilities	1,935	1,976	848.53	909.14	437.69	309.74
Common Stock	124.07	124.07	83.32	56	40	30
Additional Paid-In Capital	5,633	5,776	5,769	5,689	5,695	298.46
Retained Earnings	274.06	727.1	680.36	662.99	250.44	48.7
Treasury Stock	-190.44	-276.39	-152.48	-	-	-
Comprehensive Income & Other	-8.02	6.42	-2.31	0	-	-
Total Common Equity	5,833	6,357	6,377	6,408	5,985	377.15
Minority Interest	-0.71	-0.44	1.76	0.2	-	-
Shareholders' Equity	5,832	6,357	6,379	6,409	5,985	377.15
Total Liabilities & Equity	7,767	8,333	7,228	7,318	6,423	686.9
Total Debt	1,098	452.17	84.24	22.66	53.08	46.31
Net Cash (Debt)	2,334	3,657	4,759	5,456	5,637	131.01
Net Cash Growth	-36.63%	-23.16%	-12.77%	-3.21%	4202.76%	75.90%
Net Cash Per Share	18.94	29.64	38.40	43.93	60.41	1.40
Filing Date Shares Outstanding	122.94	123.27	123.55	124.33	124.33	93.24
Total Common Shares Outstanding	122.94	123.27	123.74	124.33	124.33	93.24
Working Capital	4,115	4,558	5,437	5,800	5,865	278.12
Book Value Per Share	47.44	51.57	51.54	51.55	48.14	4.04
Tangible Book Value	5,500	5,998	6,168	6,391	5,968	359.93
Tangible Book Value Per Share	44.74	48.66	49.85	51.40	48.00	3.86
Buildings	-	600.19	401.9	125.01	46.6	32.82
Machinery	-	218.45	167.56	122.15	87.99	81.98
Construction In Progress	-	775.41	113.33	353.35	43.86	15.36

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