SHA:688178 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	124.88	121.51	144.34	295.2	376.55	383.5
Short-Term Investments	-	10.89	-	-	-	-
Trading Asset Securities	32.42	20.07	60.43	86.42	15.01	173.66
Cash & Short-Term Investments	157.3	152.47	204.76	381.62	391.56	557.16
Cash Growth	59.79%	-25.54%	-46.34%	-2.54%	-29.72%	132.68%
Accounts Receivable	762.11	857.41	1,024	1,209	1,248	923.85
Other Receivables	29.8	18.82	25.8	28.63	19.24	17.37
Receivables	791.92	876.23	1,049	1,238	1,267	941.22
Inventory	33.22	48.63	50.11	12.69	33.68	50.8
Prepaid Expenses	-	-	-	0.65	-	-
Other Current Assets	86.82	48.5	90.41	25.74	24.71	23.82
Total Current Assets	1,069	1,126	1,395	1,658	1,717	1,573
Property, Plant & Equipment	159.48	178.4	231.79	242.05	195.94	93.75
Long-Term Investments	8.91	11.42	27.76	33.2	35.55	34.41
Goodwill	-	0.79	0.79	0.05	-	-
Other Intangible Assets	711.83	471.72	403.23	134.34	99.54	14.3
Long-Term Deferred Tax Assets	64.86	56.27	46.53	26.2	19.27	10.95
Long-Term Deferred Charges	34.25	33.55	35.96	29.55	33.79	24.08
Other Long-Term Assets	40.51	197.71	47.54	27.65	41.71	28.61
Total Assets	2,089	2,076	2,188	2,152	2,143	1,779
Accounts Payable	338.86	370.3	444.41	406.89	477.09	386.46
Accrued Expenses	9.98	29.99	40.81	39.17	55.01	49.27
Short-Term Debt	100.77	140.76	194.96	232.51	209.62	9.73
Current Portion of Long-Term Debt	79.31	25.98	37.36	4.06	6.73	-
Current Portion of Leases	-	0.77	0.72	-	1.24	6.01
Current Income Taxes Payable	13.14	0.32	0.38	0.24	7.38	8.01
Current Unearned Revenue	74.01	24.49	22.83	49.11	83.31	114.33
Other Current Liabilities	54.12	89.85	118.02	103.86	57.7	47.43
Total Current Liabilities	670.19	682.46	859.5	835.84	898.08	621.24
Long-Term Debt	330.52	277.35	138.5	36	10	5.7
Long-Term Leases	0.41	0.68	0.51	-	0.42	0.53
Long-Term Unearned Revenue	30	30.31	31.01	31	31.23	21.26
Long-Term Deferred Tax Liabilities	0.96	1.72	4.03	3.69	0	0.1
Other Long-Term Liabilities	24.88	11.32	12.17	4.26	6.2	6.17
Total Liabilities	1,057	1,004	1,046	910.8	945.94	655
Common Stock	85	85.13	85.28	85.25	85	85
Additional Paid-In Capital	674.21	675.46	679.7	677.98	674.85	674.85
Retained Earnings	239.35	276.25	350.45	459.25	436.89	364.26
Treasury Stock	-	-1.39	-2.83	-2.51	-	-
Comprehensive Income & Other	-2.55	-2.55	-2.41	-	-	-
Total Common Equity	996.01	1,033	1,110	1,220	1,197	1,124
Minority Interest	36.12	38.94	32.4	20.75	0	-
Shareholders' Equity	1,032	1,072	1,143	1,241	1,197	1,124
Total Liabilities & Equity	2,089	2,076	2,188	2,152	2,143	1,779
Total Debt	511.01	445.55	372.05	272.57	228.01	21.97
Net Cash (Debt)	-353.71	-293.08	-167.28	109.05	163.55	535.19
Net Cash Growth	-	-	-	-33.32%	-69.44%	196.12%
Net Cash Per Share	-3.96	-3.45	-1.97	1.28	1.92	6.44
Filing Date Shares Outstanding	85	85.13	85.28	85.25	85	85
Total Common Shares Outstanding	85	85.13	85.28	85.25	85	85
Working Capital	399.06	443.36	535.21	822.63	818.8	951.77
Book Value Per Share	11.72	12.13	13.02	14.31	14.08	13.23
Tangible Book Value	284.18	560.39	706.17	1,086	1,097	1,110
Tangible Book Value Per Share	3.34	6.58	8.28	12.73	12.91	13.06
Buildings	-	126.04	126.04	126.04	85.83	-
Machinery	-	144.28	185.01	141.25	108.5	-
Construction In Progress	-	16.94	13.15	33.76	38.96	-

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