SHA:688096 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	74.43	95.5	179.69	202.55	149.58	162.29
Trading Asset Securities	-	-	-	150.6	1.7	63.29
Cash & Short-Term Investments	74.43	95.5	179.69	353.15	151.28	225.58
Cash Growth	-34.89%	-46.85%	-49.12%	133.44%	-32.94%	64.70%
Accounts Receivable	814.09	707.5	753.88	696.51	550.18	429.23
Other Receivables	11.03	10.19	11.85	10.92	14.56	13.91
Receivables	825.13	717.69	765.73	707.43	564.74	443.14
Inventory	198.71	153.21	183.42	113.22	57.19	34.87
Other Current Assets	72.23	92.53	139.56	117.56	64.99	48.55
Total Current Assets	1,170	1,059	1,268	1,291	838.19	752.14
Property, Plant & Equipment	646.46	683.21	517.97	308.53	221.32	147.08
Long-Term Investments	40.08	39.75	37.75	38.55	29.5	27.7
Other Intangible Assets	13.36	14.8	17.05	16.78	12.77	13.25
Long-Term Accounts Receivable	-	10.55	7.89	37.59	39.07	21.23
Long-Term Deferred Tax Assets	30.29	27.52	24.49	20.02	12.73	8.08
Long-Term Deferred Charges	5.62	1.01	0.52	0.23	0.03	0.08
Other Long-Term Assets	20.74	6.23	23.3	2.38	9.75	22.02
Total Assets	1,927	1,842	1,897	1,715	1,163	991.58
Accounts Payable	320.82	225.42	302.29	241.48	163.04	155.49
Accrued Expenses	4.88	16.99	13.25	10.71	9.66	10.65
Short-Term Debt	264.41	281.97	242.39	194.81	127.65	68.08
Current Portion of Long-Term Debt	51.02	54.96	12.33	5.25	0.56	10.71
Current Portion of Leases	-	0.32	1.15	1.29	0.19	-
Current Income Taxes Payable	1.8	1.18	-	8.77	8.18	6.05
Current Unearned Revenue	4.01	0.38	0.01	1.22	-	0.02
Other Current Liabilities	90.82	29.21	32.52	27.93	14.01	3.33
Total Current Liabilities	737.77	610.43	603.94	491.46	323.3	254.33
Long-Term Debt	250.55	430.5	458.23	332.18	41.32	-
Long-Term Leases	0.67	-	0.22	1.36	-	-
Long-Term Unearned Revenue	10.8	12	13.6	15.2	-	-
Long-Term Deferred Tax Liabilities	0.39	2.52	5.71	8.88	0.03	-
Other Long-Term Liabilities	3.25	4.59	3.93	5.89	5.4	5.21
Total Liabilities	1,003	1,060	1,086	854.98	370.05	259.55
Common Stock	236.04	152.36	151.19	108	107.29	107.29
Additional Paid-In Capital	529.59	423.36	416.89	463.4	451.44	445.57
Retained Earnings	145.81	174.14	198.87	244.3	234.58	178.25
Treasury Stock	-13	-13	-	-	-	-
Comprehensive Income & Other	21.7	44	44	44	-	-
Total Common Equity	920.14	780.87	810.95	859.7	793.32	731.12
Minority Interest	3.48	1.07	0.77	0.75	-	0.92
Shareholders' Equity	923.62	781.93	811.73	860.45	793.32	732.03
Total Liabilities & Equity	1,927	1,842	1,897	1,715	1,163	991.58
Total Debt	566.65	767.75	714.32	534.9	169.73	78.78
Net Cash (Debt)	-492.23	-672.25	-534.64	-181.76	-18.45	146.8
Net Cash Growth	-	-	-	-	-	78.34%
Net Cash Per Share	-2.61	-3.11	-2.48	-0.86	-0.09	0.76
Filing Date Shares Outstanding	233.75	226.64	211.67	211.67	210.3	210.3
Total Common Shares Outstanding	233.75	210.11	211.67	211.67	210.3	210.3
Working Capital	432.73	448.49	664.45	799.9	514.89	497.81
Book Value Per Share	3.94	3.72	3.83	4.06	3.77	3.48
Tangible Book Value	906.78	766.07	793.9	842.92	780.55	717.87
Tangible Book Value Per Share	3.88	3.65	3.75	3.98	3.71	3.41
Buildings	-	366.13	245.57	190.52	56.42	56.42
Machinery	-	399.98	114.63	107.57	23.74	22.71
Construction In Progress	-	1.7	210.25	38.42	158.09	78.81

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