SHA:688122 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	1,173	1,513	1,482	2,113	2,597	471.69
Trading Asset Securities	856.73	862.14	1,184	1,174	100	315.35
Cash & Short-Term Investments	2,030	2,375	2,667	3,287	2,697	787.04
Cash Growth	-3.63%	-10.93%	-18.87%	21.84%	242.72%	-19.89%
Accounts Receivable	5,006	4,222	3,344	3,441	2,715	2,116
Other Receivables	10.21	88.36	92.6	19.74	47.28	31.41
Receivables	5,017	4,310	3,437	3,461	2,762	2,148
Inventory	4,311	3,860	3,342	2,380	1,599	1,139
Prepaid Expenses	-	1.99	3.21	1.45	0.3	0.03
Other Current Assets	129.23	53.03	44.3	36.79	37.52	15.47
Total Current Assets	11,486	10,600	9,493	9,166	7,096	4,089
Property, Plant & Equipment	2,413	2,297	1,946	1,380	1,196	1,024
Long-Term Investments	216.5	210.14	206.75	165.11	149.24	98.89
Other Intangible Assets	319	327.7	291.38	179.37	171.37	155.71
Long-Term Deferred Tax Assets	170.44	135.69	101.33	95.11	81.77	73.74
Long-Term Deferred Charges	-	-	-	-	17.61	17.98
Other Long-Term Assets	57.99	38.91	45.57	320.83	46.05	80.14
Total Assets	14,663	13,609	12,084	11,306	8,758	5,540
Accounts Payable	2,899	2,134	1,524	1,513	848.49	539.98
Accrued Expenses	180.12	658.74	467.33	375.69	311.18	173.65
Short-Term Debt	1,278	778.59	727.65	981.89	1,001	1,033
Current Portion of Long-Term Debt	921.43	966.98	435.92	276.58	38.02	-
Current Portion of Leases	-	2.52	3.46	1.66	-	-
Current Income Taxes Payable	74.06	89.16	22.45	3.95	35.89	30.86
Current Unearned Revenue	239.81	142.77	141.56	183.54	267.66	174.45
Other Current Liabilities	32.98	183.29	100.82	69.86	78.22	47.44
Total Current Liabilities	5,625	4,956	3,423	3,406	2,581	2,000
Long-Term Debt	965.73	905.29	1,553	1,178	445.66	383.16
Long-Term Leases	1.9	1.9	-	1.71	-	-
Long-Term Unearned Revenue	471.05	475.72	354.91	342.22	288.21	270.06
Long-Term Deferred Tax Liabilities	3.23	3.32	16.28	17.08	-	0.05
Other Long-Term Liabilities	0.78	0.68	-	-	-	-
Total Liabilities	7,068	6,342	5,348	4,945	3,315	2,653
Common Stock	649.66	649.66	649.66	464.05	464.05	441.27
Additional Paid-In Capital	3,646	3,647	3,577	3,731	3,718	1,755
Retained Earnings	2,586	2,359	2,078	1,789	1,173	608.32
Comprehensive Income & Other	32.97	28.1	20.4	12.13	5.58	4.14
Total Common Equity	6,915	6,684	6,325	5,996	5,361	2,809
Minority Interest	679.8	582.77	411.44	364.59	82.6	78.25
Shareholders' Equity	7,595	7,267	6,736	6,361	5,443	2,887
Total Liabilities & Equity	14,663	13,609	12,084	11,306	8,758	5,540
Total Debt	3,167	2,655	2,720	2,440	1,485	1,417
Net Cash (Debt)	-1,137	-280.28	-53.83	846.25	1,213	-629.55
Net Cash Growth	-	-	-	-30.21%	-	-
Net Cash Per Share	-1.75	-0.43	-0.08	1.30	1.96	-1.02
Filing Date Shares Outstanding	649.66	649.66	649.66	649.66	649.66	617.78
Total Common Shares Outstanding	649.66	649.66	649.66	649.66	649.66	617.78
Working Capital	5,861	5,644	6,070	5,760	4,515	2,090
Book Value Per Share	10.64	10.29	9.74	9.23	8.25	4.55
Tangible Book Value	6,596	6,356	6,033	5,817	5,189	2,653
Tangible Book Value Per Share	10.15	9.78	9.29	8.95	7.99	4.29
Buildings	-	776.9	465.1	396.44	387.83	387.89
Machinery	-	2,254	1,788	1,489	1,278	1,160
Construction In Progress	-	231.91	536.41	220.97	158.51	15.84

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