SHA:688190 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	Jun '25 Jun 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	77.96	120.51	87.67	86.27	99.21	75.27
Short-Term Investments	703.52	121.34	200.16	-	200.35	-
Trading Asset Securities	210.19	270.1	502.98	1,143	1,067	-
Cash & Short-Term Investments	991.67	511.95	790.81	1,229	1,366	75.27
Cash Growth	64.14%	-35.26%	-35.65%	-10.06%	1715.20%	-
Accounts Receivable	1,036	803.11	658.41	542.09	366.48	302.89
Other Receivables	2.65	3.18	2.65	1.38	1.39	4.49
Receivables	1,038	806.29	661.06	543.47	367.87	307.38
Inventory	176.86	125.77	139.01	123.65	86.82	67.25
Other Current Assets	116.63	150.56	68.9	79.23	54.74	17.65
Total Current Assets	2,323	1,595	1,660	1,975	1,876	467.55
Property, Plant & Equipment	623.15	588.98	466.51	488.35	362.89	261.06
Other Intangible Assets	71.7	72.18	69.47	40.22	40.63	41.25
Long-Term Deferred Tax Assets	34.84	32.31	28.07	20.76	9.13	9.59
Other Long-Term Assets	18.05	853.37	567.74	5.03	9.78	2.56
Total Assets	3,311	3,141	2,792	2,530	2,298	782.01
Accounts Payable	321.97	370.33	228.84	231.34	382.87	213.81
Accrued Expenses	64.95	38.2	39.68	39.46	27.88	42.58
Short-Term Debt	-	-	-	2	-	-
Current Portion of Leases	5.84	5.25	8.01	2.49	0.13	-
Current Income Taxes Payable	12.91	21.22	16.26	20.1	7.19	5.49
Current Unearned Revenue	6.43	5.38	24.97	51.06	10.72	3.93
Other Current Liabilities	150.43	52.24	76.45	74.85	2.34	6.08
Total Current Liabilities	562.52	492.61	394.2	421.31	431.13	271.9
Long-Term Debt	-	-	-	-	-	19.98
Long-Term Leases	33.86	35.89	43.6	28.06	0.03	-
Long-Term Unearned Revenue	87.98	85.51	56.91	53.89	34.76	39.5
Long-Term Deferred Tax Liabilities	27.92	22.29	14.74	7.77	0.26	-
Total Liabilities	712.28	636.29	509.46	511.04	466.19	331.38
Common Stock	120	120	120	120	120	90
Additional Paid-In Capital	1,403	1,403	1,403	1,403	1,403	141.89
Retained Earnings	1,076	981.62	758.64	495.03	308.19	218.44
Comprehensive Income & Other	-	-	-	-	0.3	0.3
Shareholders' Equity	2,599	2,505	2,282	2,019	1,832	450.63
Total Liabilities & Equity	3,311	3,141	2,792	2,530	2,298	782.01
Total Debt	39.7	41.14	51.61	32.55	0.17	19.98
Net Cash (Debt)	951.97	470.81	739.2	1,196	1,366	55.29
Net Cash Growth	68.68%	-36.31%	-38.21%	-12.43%	2370.75%	-
Net Cash Per Share	7.93	3.92	6.16	9.98	14.72	0.61
Filing Date Shares Outstanding	120	120	120	120	120	90
Total Common Shares Outstanding	120	120	120	120	120	90
Working Capital	1,761	1,102	1,266	1,554	1,445	195.66
Book Value Per Share	21.66	20.88	19.02	16.82	15.27	5.01
Tangible Book Value	2,527	2,433	2,213	1,978	1,791	409.39
Tangible Book Value Per Share	21.06	20.27	18.44	16.49	14.93	4.55
Buildings	294.46	294.46	251.59	249.27	190.92	114.46
Machinery	558.36	474.01	365.91	366.83	235.34	173.14
Construction In Progress	44.96	55.28	16.06	14.25	73.48	83.66

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