SHA:688156 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	188.19	225.77	199.23	259.4	349.43	421.51
Short-Term Investments	-	0.86	-	-	-	-
Trading Asset Securities	-	-	89.53	115.21	60.92	-
Cash & Short-Term Investments	188.19	226.63	288.76	374.62	410.36	421.51
Cash Growth	-20.40%	-21.52%	-22.92%	-8.71%	-2.65%	338.01%
Accounts Receivable	224.17	214.84	273.01	285.64	277.9	199.4
Other Receivables	40.92	9.81	2.14	3.87	0.48	0.14
Receivables	265.09	224.65	275.15	289.51	278.38	199.54
Inventory	105.09	112.82	93.52	49.31	26.09	13.2
Prepaid Expenses	-	0.03	0.18	0.38	0.23	0.01
Other Current Assets	80.78	92.01	107.84	53.87	26.19	20.54
Total Current Assets	639.15	656.14	765.45	767.69	741.25	654.8
Property, Plant & Equipment	922.7	881.48	635.89	336.83	180.78	181.52
Other Intangible Assets	164.43	132.06	134.03	57	58.84	26.23
Long-Term Accounts Receivable	-	12.24	18.59	21.33	6.7	-
Long-Term Deferred Tax Assets	46.14	30.58	13.16	9.71	5.82	4.08
Long-Term Deferred Charges	5.82	7	0.99	0.22	7.1	11.75
Other Long-Term Assets	19.74	5.9	21.33	3.75	4.06	0.41
Total Assets	1,798	1,725	1,589	1,197	1,005	878.79
Accounts Payable	207.25	220.67	289.88	138.52	106.26	79.52
Accrued Expenses	4.25	6.81	5.58	8.05	10.87	7.03
Short-Term Debt	217.36	172.75	127.1	80.1	33.65	20.03
Current Portion of Long-Term Debt	103.29	74.14	29.52	0.12	-	-
Current Income Taxes Payable	5.29	3.1	2.77	7.7	5.94	4.06
Current Unearned Revenue	25.48	11.51	10.1	7.49	5.64	5.14
Other Current Liabilities	24.88	51.38	39.86	33.35	25.58	17.01
Total Current Liabilities	587.79	540.35	504.81	275.33	187.95	132.78
Long-Term Debt	217.87	238.46	133.44	87.5	-	-
Long-Term Unearned Revenue	31.36	12.1	5.09	2.71	3.4	4.08
Long-Term Deferred Tax Liabilities	-	-	0	0.03	0.02	-
Other Long-Term Liabilities	52.9	61.62	-	-	-	-
Total Liabilities	889.92	852.53	643.35	365.58	191.37	136.87
Common Stock	100.71	100.71	100.71	92.37	91.84	91.84
Additional Paid-In Capital	573.01	573.01	573.95	476.97	471.12	466.12
Retained Earnings	144.51	160.64	222.23	205.33	207.11	149.94
Total Common Equity	818.24	834.37	896.89	774.67	770.08	707.91
Minority Interest	89.82	38.51	49.19	56.28	43.12	34.02
Shareholders' Equity	908.06	872.87	946.08	830.95	813.19	741.93
Total Liabilities & Equity	1,798	1,725	1,589	1,197	1,005	878.79
Total Debt	538.52	485.34	290.06	167.72	33.65	20.03
Net Cash (Debt)	-350.32	-258.71	-1.31	206.89	376.7	401.48
Net Cash Growth	-	-	-	-45.08%	-6.17%	435.80%
Net Cash Per Share	-3.48	-2.56	-0.01	2.23	4.09	5.38
Filing Date Shares Outstanding	100.71	100.71	100.71	92.37	91.84	91.84
Total Common Shares Outstanding	100.71	100.71	100.71	92.37	91.84	91.84
Working Capital	51.36	115.79	260.64	492.36	553.29	522.01
Book Value Per Share	8.12	8.28	8.91	8.39	8.38	7.71
Tangible Book Value	653.81	702.31	762.87	717.67	711.23	681.67
Tangible Book Value Per Share	6.49	6.97	7.57	7.77	7.74	7.42
Buildings	-	709.89	337.99	182.68	133.27	117.39
Machinery	-	324.86	222.94	178.19	176.64	165.7
Construction In Progress	-	27.04	235.26	121.37	0.59	5.97

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