SHA:688192 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	2018 - 2019
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	2018 - 2019
Cash & Equivalents	1,015	250.16	74.2	121.67	364.24	509.02	Upgrade
Trading Asset Securities	911.55	589.83	674	1,295	1,711	90.29	Upgrade
Cash & Short-Term Investments	1,926	839.99	748.2	1,416	2,075	599.31	Upgrade
Cash Growth	138.32%	12.27%	-47.18%	-31.74%	246.26%	173.25%	Upgrade
Accounts Receivable	127.1	27.49	48.44	-	7.55	6.9	Upgrade
Receivables	127.1	27.49	48.44	-	7.55	6.9	Upgrade
Inventory	38.54	44.11	23.47	5.07	-	-	Upgrade
Finance Div. Loans and Leases	-	-	-0.4	-	-	-	Upgrade
Other Current Assets	35.25	87.37	90.65	51.64	29.57	18.86	Upgrade
Total Current Assets	2,127	998.97	910.36	1,473	2,112	625.07	Upgrade
Property, Plant & Equipment	375.27	243.91	102.26	103.66	104.48	15.19	Upgrade
Other Intangible Assets	404.71	429.85	461.98	492.02	474.9	506.25	Upgrade
Long-Term Deferred Charges	3.89	8.62	16.99	7.99	4.54	3.53	Upgrade
Other Long-Term Assets	44.28	37.38	4.79	5.06	49.51	31.98	Upgrade
Total Assets	2,955	1,719	1,496	2,082	2,746	1,182	Upgrade
Accounts Payable	197.7	20.39	18.57	8.81	1.65	1.06	Upgrade
Accrued Expenses	107.25	245.07	182.18	208.53	182.75	94.26	Upgrade
Short-Term Debt	247.86	373.83	200.11	-	-	-	Upgrade
Current Portion of Long-Term Debt	177.96	41.27	0.1	-	-	-	Upgrade
Current Portion of Leases	-	23.53	22.95	21.34	16.84	-	Upgrade
Current Income Taxes Payable	12.46	-	0.05	0	-	0.01	Upgrade
Current Unearned Revenue	6.54	2.93	0.98	-	-	-	Upgrade
Other Current Liabilities	112.15	78.06	23.49	9.82	10.76	7.79	Upgrade
Total Current Liabilities	861.92	785.08	448.44	248.49	211.99	103.11	Upgrade
Long-Term Debt	612.36	683.76	138.31	-	-	-	Upgrade
Long-Term Leases	23.97	34.99	48.89	63.93	70.92	-	Upgrade
Long-Term Unearned Revenue	13.37	14.84	12.11	11	-	-	Upgrade
Total Liabilities	1,512	1,519	647.75	323.43	282.91	103.11	Upgrade
Common Stock	459.41	417.65	408.15	407.16	404.18	360	Upgrade
Additional Paid-In Capital	4,920	3,136	2,954	2,757	2,729	718.88	Upgrade
Retained Earnings	-3,939	-3,360	-2,514	-1,406	-669.85	0.03	Upgrade
Total Common Equity	1,440	193.76	848.63	1,758	2,463	1,079	Upgrade
Minority Interest	3.3	6.3	-	-	-	-	Upgrade
Shareholders' Equity	1,444	200.06	848.63	1,758	2,463	1,079	Upgrade
Total Liabilities & Equity	2,955	1,719	1,496	2,082	2,746	1,182	Upgrade
Total Debt	1,062	1,157	410.37	85.27	87.76	-	Upgrade
Net Cash (Debt)	864.17	-317.39	337.83	1,331	1,987	599.31	Upgrade
Net Cash Growth	-	-	-74.62%	-33.02%	231.62%	173.25%	Upgrade
Net Cash Per Share	1.99	-0.77	0.83	3.29	5.52	1.67	Upgrade
Filing Date Shares Outstanding	459.41	417.65	408.15	407.16	404.18	360	Upgrade
Total Common Shares Outstanding	459.41	417.65	408.15	407.16	404.18	360	Upgrade
Working Capital	1,265	213.89	461.93	1,225	1,900	521.97	Upgrade
Book Value Per Share	3.14	0.46	2.08	4.32	6.09	3.00	Upgrade
Tangible Book Value	1,036	-236.09	386.65	1,266	1,988	572.66	Upgrade
Tangible Book Value Per Share	2.25	-0.57	0.95	3.11	4.92	1.59	Upgrade
Machinery	-	55.43	49.14	31.99	26.91	23.59	Upgrade
Construction In Progress	-	169.72	13.35	8.85	5.04	0.15	Upgrade

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