SHA:688172 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	6,266	9,409	5,316	9,029	6,664	1,888
Short-Term Investments	-	103.3	-	-	-	-
Trading Asset Securities	1,889	250.34	2,003	-	-	12.4
Cash & Short-Term Investments	8,155	9,763	7,318	9,029	6,664	1,901
Cash Growth	41.77%	33.40%	-18.95%	35.49%	250.59%	15.11%
Accounts Receivable	1,620	1,739	1,715	1,283	1,063	780.74
Other Receivables	5.14	354.03	146.41	58.69	193.66	24.11
Receivables	1,625	2,093	1,861	1,342	1,256	804.86
Inventory	1,009	881.03	848.47	981.35	755.12	356.56
Other Current Assets	371.85	37.72	49.83	64.5	26.54	208.61
Total Current Assets	11,161	12,774	10,078	11,417	8,702	3,271
Property, Plant & Equipment	11,933	9,988	7,250	5,457	3,726	3,452
Long-Term Investments	170.33	225.6	319.34	110.02	52.67	14.29
Other Intangible Assets	551.62	556.78	192.75	200.71	209.09	221.97
Long-Term Deferred Tax Assets	405.09	257.34	135.55	87.79	67.05	112.83
Long-Term Deferred Charges	12.06	0.27	0.18	0.5	0.78	0.43
Other Long-Term Assets	5,482	258.26	508.51	552.4	314.85	366.63
Total Assets	29,714	24,060	18,484	17,825	13,073	7,439
Accounts Payable	1,518	2,747	608.32	479.02	571.85	515.54
Accrued Expenses	227.59	186.28	142.45	125.77	83.89	78.24
Short-Term Debt	74.28	168.77	190.01	105.12	61.52	76.03
Current Portion of Long-Term Debt	363.73	217.05	117.84	0.59	1.2	30.57
Current Portion of Leases	-	1.9	0.65	-	-	-
Current Income Taxes Payable	32.32	12.95	5.44	2.43	9.06	6.02
Current Unearned Revenue	4.88	5.01	16	65.91	53.29	28.92
Other Current Liabilities	72.27	797.83	827.9	743.86	281.66	229.83
Total Current Liabilities	2,294	4,137	1,909	1,523	1,062	965.15
Long-Term Debt	661.77	749.44	890.8	1,096	1,060	528.27
Long-Term Leases	10.08	7.01	1.01	-	-	-
Long-Term Unearned Revenue	748.21	793.63	609.46	593.71	537.45	578.56
Long-Term Deferred Tax Liabilities	68.47	77.84	66.59	56.13	31.26	37.45
Other Long-Term Liabilities	0.53	0.53	0.52	31.84	78.78	122.12
Total Liabilities	3,783	5,765	3,477	3,301	2,770	2,232
Common Stock	1,428	1,203	1,199	1,199	1,019	2,685
Additional Paid-In Capital	16,031	12,192	12,152	12,093	8,517	2,286
Retained Earnings	1,269	1,282	1,508	1,056	594	81.91
Comprehensive Income & Other	1.59	0.89	0.01	0.16	-0.01	-0.03
Total Common Equity	18,679	14,678	14,859	14,349	10,130	5,053
Minority Interest	7,253	3,617	148.31	175.25	173	154.29
Shareholders' Equity	25,932	18,295	15,007	14,524	10,303	5,207
Total Liabilities & Equity	29,714	24,060	18,484	17,825	13,073	7,439
Total Debt	1,110	1,144	1,200	1,202	1,123	634.87
Net Cash (Debt)	7,045	8,619	6,118	7,827	5,541	1,266
Net Cash Growth	50.46%	40.87%	-21.83%	41.25%	337.74%	-16.21%
Net Cash Per Share	5.52	7.26	5.14	7.62	7.85	-
Filing Date Shares Outstanding	1,700	1,203	1,199	1,199	1,019	-
Total Common Shares Outstanding	1,700	1,203	1,199	1,199	1,019	-
Working Capital	8,867	8,638	8,169	9,894	7,639	2,306
Book Value Per Share	10.99	12.20	12.39	11.97	9.94	-
Tangible Book Value	18,127	14,121	14,666	14,148	9,921	4,831
Tangible Book Value Per Share	10.66	11.74	12.23	11.80	9.73	-
Buildings	-	825.28	822.94	823.07	843.99	838.49
Machinery	-	6,670	3,847	3,524	2,799	2,203
Construction In Progress	-	4,228	3,917	2,134	856.38	987.65

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