SHA:688047 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	140.72	448.91	498.37	696.34	306.33	545.34
Trading Asset Securities	375.68	516.07	951.54	1,185	-	-
Cash & Short-Term Investments	516.4	964.98	1,450	1,881	306.33	545.34
Cash Growth	-51.83%	-33.45%	-22.93%	514.11%	-43.83%	-21.34%
Accounts Receivable	512.66	511.2	537.53	678.97	495.8	325.89
Other Receivables	9.77	15.53	68.47	27.06	17.62	2.54
Receivables	522.43	526.73	606	706.04	513.42	328.43
Inventory	877.35	899.72	968.22	745.64	437.44	339.28
Prepaid Expenses	-	-	0.01	1.87	4.72	0.46
Other Current Assets	269.51	209.76	243.31	306.77	102.79	34.84
Total Current Assets	2,186	2,601	3,267	3,642	1,365	1,248
Property, Plant & Equipment	315.33	312.14	333.46	350.57	347.91	227.86
Long-Term Investments	30.6	30.44	28.32	16.69	14.06	12.07
Other Intangible Assets	307.64	254.24	221.87	99.2	118.41	58.53
Long-Term Deferred Tax Assets	141.89	135.78	110.9	53.88	30.12	26.74
Long-Term Deferred Charges	141.51	156.29	138.66	191.12	109.26	78.73
Other Long-Term Assets	10.42	7.4	11.43	15.33	5.01	4.03
Total Assets	3,133	3,497	4,112	4,368	1,989	1,656
Accounts Payable	225.11	139.32	105.02	147.77	139.03	116.43
Accrued Expenses	53.76	179.78	184.27	157.56	158.01	99.95
Short-Term Debt	24.78	-	90.6	-	-	-
Current Portion of Leases	7.24	4.71	8.45	8.98	6.84	-
Current Income Taxes Payable	3.38	0.13	1.12	0.87	10.56	12.65
Current Unearned Revenue	37.53	35.68	35.65	16.64	27.27	94.46
Other Current Liabilities	3.15	25.73	17.61	17.49	23.74	22.02
Total Current Liabilities	354.95	385.36	442.71	349.32	365.44	345.51
Long-Term Leases	20.64	1.79	2.97	11.52	13.01	-
Long-Term Unearned Revenue	200.53	171.72	100.12	100.54	203.58	169.36
Long-Term Deferred Tax Liabilities	1.18	2.22	17.36	16.44	15.17	12.01
Total Liabilities	577.29	561.09	563.16	477.82	597.2	526.88
Common Stock	401	401	401	401	360	360
Additional Paid-In Capital	3,161	3,143	3,119	3,095	692.31	668.44
Retained Earnings	-953.24	-559.43	66.32	390.4	338.65	102.62
Treasury Stock	-45.08	-45.08	-33.07	-	-	-
Comprehensive Income & Other	-7.68	-2.96	-4.32	3.99	1.32	-1.63
Total Common Equity	2,556	2,936	3,549	3,891	1,392	1,129
Shareholders' Equity	2,556	2,936	3,549	3,891	1,392	1,129
Total Liabilities & Equity	3,133	3,497	4,112	4,368	1,989	1,656
Total Debt	52.65	6.49	102.02	20.5	19.85	-
Net Cash (Debt)	463.75	958.49	1,348	1,861	286.48	545.34
Net Cash Growth	-56.45%	-28.89%	-27.56%	549.52%	-47.47%	-21.31%
Net Cash Per Share	1.15	2.39	3.35	5.03	0.80	1.52
Filing Date Shares Outstanding	400.47	400.47	400.61	401	360	360
Total Common Shares Outstanding	400.47	400.47	400.61	401	360	360
Working Capital	1,831	2,216	2,825	3,292	999.27	902.84
Book Value Per Share	6.38	7.33	8.86	9.70	3.87	3.14
Tangible Book Value	2,248	2,682	3,327	3,791	1,274	1,071
Tangible Book Value Per Share	5.61	6.70	8.30	9.45	3.54	2.97
Buildings	-	200.88	179.73	176.04	176.04	109.98
Machinery	-	335.45	315.16	280.12	237.14	147.94
Construction In Progress	-	3.93	7.29	5.91	1.88	24.09

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