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	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	76.77	120.51	87.67	86.27	99.21	75.27
Short-Term Investments	-	121.34	200.16	-	200.35	-
Trading Asset Securities	140.13	270.1	502.98	1,143	1,067	-
Cash & Short-Term Investments	216.9	511.95	790.81	1,229	1,366	75.27
Cash Growth	-25.16%	-35.26%	-35.65%	-10.06%	1715.20%	-
Accounts Receivable	1,036	803.11	658.41	542.09	366.48	302.89
Other Receivables	2.7	3.18	2.65	1.38	1.39	4.49
Receivables	1,039	806.29	661.06	543.47	367.87	307.38
Inventory	208.03	125.77	139.01	123.65	86.82	67.25
Other Current Assets	983.58	150.56	68.9	79.23	54.74	17.65
Total Current Assets	2,448	1,595	1,660	1,975	1,876	467.55
Property, Plant & Equipment	623.07	588.98	466.51	488.35	362.89	261.06
Other Intangible Assets	73.85	72.18	69.47	40.22	40.63	41.25
Long-Term Deferred Tax Assets	36.49	32.31	28.07	20.76	9.13	9.59
Other Long-Term Assets	266.9	853.37	567.74	5.03	9.78	2.56
Total Assets	3,448	3,141	2,792	2,530	2,298	782.01
Accounts Payable	425.37	370.33	228.84	231.34	382.87	213.81
Accrued Expenses	22.68	38.2	39.68	39.46	27.88	42.58
Short-Term Debt	-	-	-	2	-	-
Current Portion of Leases	5.91	5.25	8.01	2.49	0.13	-
Current Income Taxes Payable	19.84	21.22	16.26	20.1	7.19	5.49
Current Unearned Revenue	18.11	5.38	24.97	51.06	10.72	3.93
Other Current Liabilities	121.64	52.24	76.45	74.85	2.34	6.08
Total Current Liabilities	613.56	492.61	394.2	421.31	431.13	271.9
Long-Term Debt	-	-	-	-	-	19.98
Long-Term Leases	32.93	35.89	43.6	28.06	0.03	-
Long-Term Unearned Revenue	91.58	85.51	56.91	53.89	34.76	39.5
Long-Term Deferred Tax Liabilities	29.41	22.29	14.74	7.77	0.26	-
Total Liabilities	767.48	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	1,156	981.62	758.64	495.03	308.19	218.44
Comprehensive Income & Other	1.15	-	-	-	0.3	0.3
Shareholders' Equity	2,680	2,505	2,282	2,019	1,832	450.63
Total Liabilities & Equity	3,448	3,141	2,792	2,530	2,298	782.01
Total Debt	38.85	41.14	51.61	32.55	0.17	19.98
Net Cash (Debt)	178.05	470.81	739.2	1,196	1,366	55.29
Net Cash Growth	-28.94%	-36.31%	-38.21%	-12.43%	2370.75%	-
Net Cash Per Share	1.48	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	1,834	1,102	1,266	1,554	1,445	195.66
Book Value Per Share	22.34	20.88	19.02	16.82	15.27	5.01
Tangible Book Value	2,607	2,433	2,213	1,978	1,791	409.39
Tangible Book Value Per Share	21.72	20.27	18.44	16.49	14.93	4.55
Buildings	-	294.46	251.59	249.27	190.92	114.46
Machinery	-	474.01	365.91	366.83	235.34	173.14
Construction In Progress	-	55.28	16.06	14.25	73.48	83.66

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