SHA:688188 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	2,369	2,226	2,641	2,311	2,517	483.36
Short-Term Investments	-	-	-	-	-	267.5
Trading Asset Securities	2,832	2,552	1,769	1,540	35	1,551
Cash & Short-Term Investments	5,201	4,777	4,410	3,851	2,552	2,302
Cash Growth	12.26%	8.33%	14.52%	50.91%	10.84%	14.86%
Accounts Receivable	234.1	209.77	117.36	41.04	32.75	39.31
Other Receivables	5.36	8.32	9.15	9.06	9.41	5.21
Receivables	239.46	218.08	126.51	50.1	42.16	44.51
Inventory	216.23	164.78	153.55	120.47	137.17	41.43
Prepaid Expenses	-	0.36	2.33	8.87	20.6	-
Other Current Assets	20.45	13.91	5.79	8.98	16.65	2.7
Total Current Assets	5,677	5,174	4,698	4,039	2,768	2,391
Property, Plant & Equipment	453.61	453.51	405.82	277.93	189.46	75.25
Long-Term Investments	90.6	63.33	51.32	18.55	12.73	10.46
Goodwill	17.66	17.66	17.66	17.66	17.66	17.66
Other Intangible Assets	105.98	108.67	110.88	113.85	91.71	90.17
Long-Term Deferred Tax Assets	55.11	52.74	44.97	24.55	29.91	23.59
Long-Term Deferred Charges	1.56	2.14	2.83	2.66	1.12	1.96
Other Long-Term Assets	2.43	5.42	3.28	10.33	37.76	1.6
Total Assets	6,404	5,878	5,335	4,505	3,149	2,611
Accounts Payable	62.9	34.94	28.52	25.56	26.15	13.44
Accrued Expenses	38.08	166.28	140.43	103.54	47.21	45.92
Short-Term Debt	24.73	2.83	-	-	-	-
Current Portion of Leases	0.31	1.89	2.01	2.9	4.33	-
Current Income Taxes Payable	55.45	16.33	23.31	7.3	1.37	12.46
Current Unearned Revenue	113.34	101.33	70.68	32.96	41.7	28.46
Other Current Liabilities	18.78	27.95	48.31	24.94	27.71	16.62
Total Current Liabilities	313.58	351.53	313.26	197.2	148.46	116.9
Long-Term Leases	2.81	2.18	2.88	2.85	0.96	-
Long-Term Deferred Tax Liabilities	0.05	0.09	-	-	0.03	-
Total Liabilities	316.44	353.8	316.14	200.05	149.45	116.9
Common Stock	288.73	205.46	146.33	145.97	100.34	100
Additional Paid-In Capital	3,003	2,999	2,929	2,799	1,844	1,769
Retained Earnings	2,722	2,263	1,896	1,332	1,045	624.12
Total Common Equity	6,014	5,468	4,972	4,277	2,989	2,493
Minority Interest	73.53	56.63	47.01	27.42	9.83	1.76
Shareholders' Equity	6,088	5,524	5,019	4,305	2,999	2,495
Total Liabilities & Equity	6,404	5,878	5,335	4,505	3,149	2,611
Total Debt	27.85	6.89	4.89	5.76	5.29	-
Net Cash (Debt)	5,173	4,770	4,405	3,845	2,546	2,302
Net Cash Growth	11.75%	8.30%	14.56%	51.00%	10.61%	14.86%
Net Cash Per Share	17.83	16.52	15.28	13.50	9.21	8.38
Filing Date Shares Outstanding	288.39	287.64	286.81	286.11	275.32	274.4
Total Common Shares Outstanding	288.39	287.64	286.81	286.11	275.32	274.4
Working Capital	5,363	4,823	4,385	3,842	2,620	2,274
Book Value Per Share	20.85	19.01	17.33	14.95	10.86	9.08
Tangible Book Value	5,890	5,341	4,843	4,146	2,880	2,385
Tangible Book Value Per Share	20.42	18.57	16.89	14.49	10.46	8.69
Buildings	-	401.88	220.36	220.36	-	-
Machinery	-	108.91	92.53	69.1	31.54	19.15
Construction In Progress	-	0.62	125.53	2.72	166.48	66.67

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.