SHA:688052 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	713.6	1,074	1,751	1,265	77.74	123.95
Short-Term Investments	-	54.33	-	-	-	-
Trading Asset Securities	1,509	2,080	2,250	3,464	-	1.01
Cash & Short-Term Investments	2,222	3,208	4,001	4,729	77.74	124.95
Cash Growth	-37.29%	-19.81%	-15.39%	5982.99%	-37.79%	106.86%
Accounts Receivable	599.54	445.68	197.72	220.1	128.63	49.86
Other Receivables	24.88	24.17	20.43	19.97	2.6	2.23
Receivables	624.42	469.85	218.15	240.07	131.23	52.08
Inventory	1,267	832.55	827.79	605.47	223.57	85.31
Prepaid Expenses	-	-	-	3.58	-	-
Other Current Assets	377.08	177.42	252.08	146.06	87.01	40.15
Total Current Assets	4,490	4,688	5,299	5,724	519.54	302.5
Property, Plant & Equipment	1,710	1,517	1,291	556.58	232.78	79.41
Long-Term Investments	460.03	386.8	280.54	148.22	-	-
Goodwill	504.14	504.14	-	-	38.09	38.09
Other Intangible Assets	350.66	393.85	48.6	32.18	21.82	7.49
Long-Term Deferred Tax Assets	48.62	25.88	23.58	26.58	2.79	0.56
Long-Term Deferred Charges	21.42	20.36	13.45	8.4	7.19	3.76
Other Long-Term Assets	98.45	137.84	200.51	354.54	18.58	5.22
Total Assets	7,684	7,674	7,156	6,850	840.8	437.02
Accounts Payable	393.33	184.12	68.07	68.88	37.38	30.27
Accrued Expenses	207.79	195.04	103.3	115.35	44.3	12.11
Short-Term Debt	24.99	-	243.19	20.35	93.73	40.14
Current Portion of Long-Term Debt	71.75	62.38	20.91	1	8.51	-
Current Portion of Leases	-	7.82	15.55	16.44	8.67	-
Current Income Taxes Payable	23.78	3.67	0.32	0.46	3.99	1.31
Current Unearned Revenue	18.01	16.14	16.5	22.28	28.08	16.44
Other Current Liabilities	121.62	287.89	115.69	81.92	41.68	4.24
Total Current Liabilities	861.27	757.06	583.54	326.67	266.35	104.51
Long-Term Debt	779.93	763.14	330.42	7.01	-	8.51
Long-Term Leases	9.43	6.43	6.12	5.74	10.71	-
Long-Term Unearned Revenue	35.03	31.24	16.42	12.51	7.24	0.02
Long-Term Deferred Tax Liabilities	45.21	48.52	-	-	0.79	0.95
Other Long-Term Liabilities	73.25	120.07	12.29	-	-	-
Total Liabilities	1,804	1,726	948.79	351.94	285.1	113.99
Common Stock	142.53	142.53	142.53	101.06	75.8	75.8
Additional Paid-In Capital	6,232	6,161	6,206	5,953	199.88	190.99
Retained Earnings	-485.81	-345.33	57.55	443.74	274.06	50.32
Treasury Stock	-14.91	-14.91	-200.11	-	-	-
Comprehensive Income & Other	1.16	-0.64	0.11	-	-	-
Total Common Equity	5,875	5,942	6,207	6,497	549.73	317.11
Minority Interest	4.77	4.77	1.02	1.02	5.98	5.92
Shareholders' Equity	5,880	5,947	6,208	6,499	555.71	323.03
Total Liabilities & Equity	7,684	7,674	7,156	6,850	840.8	437.02
Total Debt	886.11	839.77	616.2	50.54	121.62	48.65
Net Cash (Debt)	1,336	2,369	3,385	4,678	-43.88	76.3
Net Cash Growth	-56.36%	-30.02%	-27.65%	-	-	44.25%
Net Cash Per Share	9.52	16.81	23.83	36.01	-0.41	0.73
Filing Date Shares Outstanding	142.04	135.81	140.94	141.49	106.12	106.12
Total Common Shares Outstanding	142.04	135.81	140.94	141.49	106.12	106.12
Working Capital	3,629	3,931	4,715	5,397	253.19	197.99
Book Value Per Share	41.36	43.76	44.04	45.92	5.18	2.99
Tangible Book Value	5,020	5,044	6,158	6,465	489.82	271.53
Tangible Book Value Per Share	35.34	37.14	43.69	45.69	4.62	2.56
Buildings	-	734.87	-	-	-	-
Machinery	-	970.16	713.49	413.16	211.66	90.08
Construction In Progress	-	46.97	697.26	191.36	34.55	3.39

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