SHA:688038 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	27.41	75.91	89.1	114.39	134.17	90.58
Trading Asset Securities	11.07	23.52	94.34	74.02	120.8	71.1
Cash & Short-Term Investments	38.48	99.42	183.44	188.41	254.97	161.67
Cash Growth	-49.77%	-45.80%	-2.64%	-26.11%	57.70%	-40.59%
Accounts Receivable	624.49	699.24	532.1	553.9	424.64	385.98
Other Receivables	115.8	114.35	121.4	106.89	92.23	45.91
Receivables	740.29	813.59	653.5	660.78	516.87	431.89
Inventory	20.32	20.92	24.12	27.19	27.99	65.44
Other Current Assets	24.41	22.26	33.6	31.38	38.57	38.51
Total Current Assets	823.5	956.19	894.67	907.77	838.4	697.52
Property, Plant & Equipment	15.19	19.17	15.27	16.44	10.97	7.66
Long-Term Investments	-	0.01	0.03	0.86	-	-
Other Intangible Assets	1.52	1.75	2.08	2.67	1.43	0.98
Long-Term Accounts Receivable	-	16.85	128.7	128.4	185.13	251.53
Long-Term Deferred Tax Assets	41.91	38.21	31.94	11.48	5.46	5.47
Long-Term Deferred Charges	3.21	4.89	6.9	2.72	2.18	2.06
Other Long-Term Assets	182.37	166.29	184.88	241.16	157.81	59.65
Total Assets	1,068	1,203	1,264	1,311	1,201	1,025
Accounts Payable	225.52	256.82	188.79	231.6	200.42	222.65
Accrued Expenses	14.9	41.67	29.46	27.3	31.19	40.12
Short-Term Debt	134.94	145.52	131.16	120.14	126.21	94.64
Current Portion of Long-Term Debt	19.25	110.6	148.15	17.5	15.11	-
Current Portion of Leases	-	2.02	1.82	3.15	1.32	-
Current Income Taxes Payable	8.8	1.96	1.97	2.13	4.54	5.87
Current Unearned Revenue	31.16	19.76	25.59	25.74	25.73	58.4
Other Current Liabilities	3.33	3.31	5.96	9.88	2.6	60.38
Total Current Liabilities	437.89	581.64	532.9	437.44	407.12	482.07
Long-Term Debt	35.4	20	110.45	147.55	51.48	12
Long-Term Leases	2.12	2.51	3.13	4.76	1.68	26.48
Long-Term Unearned Revenue	0.66	0.62	-	0.51	0.69	0.07
Long-Term Deferred Tax Liabilities	0.04	0.03	0.34	0.21	0.06	0.28
Total Liabilities	476.11	604.81	646.82	590.46	461.02	520.91
Common Stock	116.37	116.37	116.37	116.37	116.37	87.28
Additional Paid-In Capital	389.48	391.44	391.44	391.44	390.68	220
Retained Earnings	85.74	92.61	110.71	213.22	233.3	196.67
Total Common Equity	591.59	600.42	618.53	721.03	740.36	503.96
Minority Interest	-	-1.85	-0.87	-	-	-
Shareholders' Equity	591.59	598.57	617.66	721.03	740.36	503.96
Total Liabilities & Equity	1,068	1,203	1,264	1,311	1,201	1,025
Total Debt	191.71	280.65	394.7	293.1	195.8	133.13
Net Cash (Debt)	-153.23	-181.22	-211.26	-104.69	59.16	28.55
Net Cash Growth	-	-	-	-	107.24%	-83.25%
Net Cash Per Share	-1.14	-1.60	-1.81	-0.87	0.60	0.32
Filing Date Shares Outstanding	116.37	116.37	116.37	116.37	116.37	87.28
Total Common Shares Outstanding	116.37	116.37	116.37	116.37	116.37	87.28
Working Capital	385.61	374.55	361.77	470.33	431.28	215.45
Book Value Per Share	5.08	5.16	5.32	6.20	6.36	5.77
Tangible Book Value	590.07	598.67	616.44	718.37	738.93	502.98
Tangible Book Value Per Share	5.07	5.14	5.30	6.17	6.35	5.76
Buildings	-	15.41	8	8	8	8
Machinery	-	18.22	18.95	17.23	15.15	13.45

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