SHA:688097 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	1,523	981.92	1,324	1,423	525.75	761.24
Short-Term Investments	-	-	-	-	-	0
Trading Asset Securities	221.31	-	-	5.22	-	-
Cash & Short-Term Investments	1,745	981.92	1,324	1,428	525.75	761.25
Cash Growth	34.98%	-25.84%	-7.29%	171.67%	-30.94%	22.25%
Accounts Receivable	2,919	3,633	2,703	2,205	1,731	1,424
Other Receivables	123.66	35.55	24.26	34.1	17.84	16.38
Receivables	3,042	3,668	2,727	2,239	1,749	1,441
Inventory	4,760	2,697	2,435	2,711	2,216	1,234
Prepaid Expenses	-	3.31	3.38	0.22	0.54	0.03
Other Current Assets	499.85	140.11	54.42	73.26	71.01	80.78
Total Current Assets	10,047	7,491	6,544	6,451	4,562	3,517
Property, Plant & Equipment	1,024	939.33	896.97	910.91	866.18	666.89
Long-Term Investments	183.87	157.66	172.93	60.53	43.76	-
Other Intangible Assets	191.34	81.93	84.73	92.05	100.42	104.7
Long-Term Deferred Tax Assets	56.07	72.15	56.06	44.02	44.51	29.6
Long-Term Deferred Charges	11.33	15.41	10.49	19.11	13.9	10.21
Other Long-Term Assets	156.49	139.6	56.9	42.1	9	0.63
Total Assets	12,101	8,897	7,822	7,620	5,640	4,329
Accounts Payable	3,762	2,244	1,357	1,594	1,334	1,072
Accrued Expenses	116.2	275.84	291.35	235.73	130.69	100.63
Short-Term Debt	935.54	867.62	667.9	908.72	924.31	757.3
Current Portion of Long-Term Debt	470	317.32	547.02	101.11	191.24	28.73
Current Portion of Leases	-	14.85	11.31	11.32	0.76	-
Current Income Taxes Payable	43.55	32	37.6	50.39	19.08	44.04
Current Unearned Revenue	892.64	257.73	214.5	294.41	360.97	223.13
Other Current Liabilities	309.45	89.37	52.27	120.03	63.59	64.38
Total Current Liabilities	6,530	4,098	3,179	3,316	3,024	2,290
Long-Term Debt	614.45	289.13	422.87	484.01	166.59	230.53
Long-Term Leases	30.67	40.94	8.43	12.38	-	-
Long-Term Unearned Revenue	16.38	18.69	19.2	21.24	12.62	13.18
Long-Term Deferred Tax Liabilities	29.29	7.27	6.38	4.98	-	-
Other Long-Term Liabilities	1.57	1.61	1.69	2.39	1.16	2.75
Total Liabilities	7,222	4,456	3,637	3,841	3,205	2,537
Common Stock	446.65	446.65	446.65	444.31	402.52	360
Additional Paid-In Capital	1,901	1,909	1,894	1,819	834.77	418.71
Retained Earnings	2,494	2,224	1,921	1,529	1,199	1,006
Treasury Stock	-37.96	-65.85	-51	-	-	-
Comprehensive Income & Other	-58.27	-59.18	-31.36	-38.07	-37.65	-27.31
Total Common Equity	4,745	4,455	4,179	3,754	2,399	1,757
Minority Interest	133.51	-14.21	5.54	24.98	36.86	34.95
Shareholders' Equity	4,878	4,441	4,185	3,779	2,435	1,792
Total Liabilities & Equity	12,101	8,897	7,822	7,620	5,640	4,329
Total Debt	2,051	1,530	1,658	1,518	1,283	1,017
Net Cash (Debt)	-306.1	-547.93	-333.41	-89.21	-757.14	-255.32
Net Cash Per Share	-0.69	-1.23	-0.75	-0.22	-1.97	-0.71
Filing Date Shares Outstanding	446.74	441.73	444.51	444.31	402.52	360
Total Common Shares Outstanding	446.74	443.73	444.75	444.31	402.52	360
Working Capital	3,517	3,393	3,365	3,135	1,538	1,226
Book Value Per Share	10.62	10.04	9.40	8.45	5.96	4.88
Tangible Book Value	4,123	4,373	4,095	3,662	2,298	1,652
Tangible Book Value Per Share	9.23	9.86	9.21	8.24	5.71	4.59
Buildings	-	970.67	967.94	958.92	849.28	434.71
Machinery	-	313.53	240.81	194.98	176.06	157.89
Construction In Progress	-	-	2.92	0.12	63.64	249.45

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