SHA:688131 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	1,411	879.55	483.61	460.14	1,037	292.03
Trading Asset Securities	58.12	449.15	-	17.23	-	-
Cash & Short-Term Investments	1,469	1,329	483.61	477.36	1,037	292.03
Cash Growth	195.31%	174.75%	1.31%	-53.97%	255.16%	43.90%
Accounts Receivable	776.24	598.22	507.72	366.01	150.8	88.12
Other Receivables	26.67	30.57	14.54	13.58	15.99	18.86
Receivables	802.91	628.79	522.26	379.59	166.79	106.98
Inventory	1,364	1,163	1,145	910.88	352.07	228.68
Prepaid Expenses	-	-	-	0.13	2.65	1.06
Other Current Assets	79.59	54.88	36.92	54.91	31.81	7.89
Total Current Assets	3,715	3,175	2,188	1,823	1,590	636.63
Property, Plant & Equipment	1,439	1,450	1,206	1,077	520.21	69.89
Long-Term Investments	168.06	166.82	118.35	88.59	82.98	75.33
Goodwill	301.18	301.18	301.18	301.18	14.65	1.52
Other Intangible Assets	108.43	114.05	118.66	100.94	40.52	31.74
Long-Term Deferred Tax Assets	144.29	135.94	105.32	59.12	29.62	13.28
Long-Term Deferred Charges	121.14	130.41	126.58	128.66	26.07	24.19
Other Long-Term Assets	73.66	32.03	27.79	19.39	80.02	4.27
Total Assets	6,070	5,505	4,192	3,598	2,385	856.84
Accounts Payable	367.44	337.78	293.4	309.96	206.26	102.84
Accrued Expenses	118.89	137.12	112.85	108.68	48.04	36.46
Short-Term Debt	790.08	539.38	555.07	228.76	6	76.9
Current Portion of Long-Term Debt	127.4	52.97	47.32	19.7	-	-
Current Portion of Leases	-	-	-	31.66	25.16	-
Current Income Taxes Payable	75.67	47.73	25.91	19.43	10.19	10.29
Current Unearned Revenue	90.31	70.6	65.24	58.72	23.33	47.69
Other Current Liabilities	41.09	74.6	64.04	45.16	2.76	20.57
Total Current Liabilities	1,611	1,260	1,164	822.06	321.73	294.76
Long-Term Debt	975.17	951.46	229.23	170.9	-	-
Long-Term Leases	286.97	329.31	196.19	194.93	165.49	-
Long-Term Unearned Revenue	63.81	59.73	61.91	61.45	59.97	28.3
Long-Term Deferred Tax Liabilities	-	-	14.78	16.43	0.92	-
Other Long-Term Liabilities	-	-	-	-	-	5.98
Total Liabilities	2,937	2,601	1,666	1,266	548.11	329.03
Common Stock	212.1	210.96	150.39	106.98	74.34	55.74
Additional Paid-In Capital	1,737	1,676	1,689	1,634	1,326	237.47
Retained Earnings	1,034	846.42	663.17	573.65	419.4	232.19
Comprehensive Income & Other	128.9	144.26	6.64	5.55	2.25	2.41
Total Common Equity	3,112	2,878	2,509	2,320	1,822	527.81
Minority Interest	21.4	26.38	17.2	12.05	14.13	-
Shareholders' Equity	3,134	2,904	2,526	2,332	1,836	527.81
Total Liabilities & Equity	6,070	5,505	4,192	3,598	2,385	856.84
Total Debt	2,180	1,873	1,028	645.95	196.66	76.9
Net Cash (Debt)	-710.62	-544.42	-544.2	-168.59	840.52	215.12
Net Cash Growth	-	-	-	-	290.72%	20.23%
Net Cash Per Share	-3.38	-2.59	-2.60	-0.83	4.72	1.40
Filing Date Shares Outstanding	212.1	210.96	210.54	209.69	203.99	152.96
Total Common Shares Outstanding	212.1	210.96	210.54	209.69	203.99	152.96
Working Capital	2,104	1,915	1,024	1,001	1,269	341.87
Book Value Per Share	14.67	13.64	11.92	11.06	8.93	3.45
Tangible Book Value	2,703	2,463	2,089	1,918	1,767	494.55
Tangible Book Value Per Share	12.74	11.67	9.92	9.15	8.66	3.23
Buildings	-	369.09	330.72	314.38	145.63	-
Machinery	-	805.07	741.14	433.98	125.48	67.94
Construction In Progress	-	272.75	152.13	246.82	115.85	23.82

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