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
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	1,015	250.16	74.2	121.67	364.24	509.02
Trading Asset Securities	911.55	589.83	674	1,295	1,711	90.29
Cash & Short-Term Investments	1,926	839.99	748.2	1,416	2,075	599.31
Cash Growth	138.32%	12.27%	-47.18%	-31.74%	246.26%	173.25%
Accounts Receivable	127.1	27.49	48.04	-	7.55	6.9
Receivables	127.1	27.49	48.04	-	7.55	6.9
Inventory	38.54	44.11	23.47	5.07	-	-
Other Current Assets	35.25	87.37	90.65	51.64	29.57	18.86
Total Current Assets	2,127	998.97	910.36	1,473	2,112	625.07
Property, Plant & Equipment	375.27	243.91	102.26	103.66	104.48	15.19
Other Intangible Assets	404.71	429.85	461.98	492.02	474.9	506.25
Long-Term Deferred Charges	3.89	8.62	16.99	7.99	4.54	3.53
Other Long-Term Assets	44.28	37.38	4.79	5.06	49.51	31.98
Total Assets	2,955	1,719	1,496	2,082	2,746	1,182
Accounts Payable	197.7	20.39	18.57	8.81	1.65	1.06
Accrued Expenses	107.25	245.07	182.18	208.53	182.75	94.26
Short-Term Debt	247.86	373.83	200.11	-	-	-
Current Portion of Long-Term Debt	177.96	41.27	0.1	-	-	-
Current Portion of Leases	-	23.53	22.95	21.34	16.84	-
Current Income Taxes Payable	12.46	-	0.05	0	-	0.01
Current Unearned Revenue	6.54	2.93	0.98	-	-	-
Other Current Liabilities	112.15	78.06	23.49	9.82	10.76	7.79
Total Current Liabilities	861.92	785.08	448.44	248.49	211.99	103.11
Long-Term Debt	612.36	683.76	138.31	-	-	-
Long-Term Leases	23.97	34.99	48.89	63.93	70.92	-
Long-Term Unearned Revenue	13.37	14.84	12.11	11	-	-
Total Liabilities	1,512	1,519	647.75	323.43	282.91	103.11
Common Stock	459.41	417.65	408.15	407.16	404.18	360
Additional Paid-In Capital	4,920	3,136	2,954	2,757	2,729	718.88
Retained Earnings	-3,939	-3,360	-2,514	-1,406	-669.85	0.03
Total Common Equity	1,440	193.76	848.63	1,758	2,463	1,079
Minority Interest	3.3	6.3	-	-	-	-
Shareholders' Equity	1,444	200.06	848.63	1,758	2,463	1,079
Total Liabilities & Equity	2,955	1,719	1,496	2,082	2,746	1,182
Total Debt	1,062	1,157	410.37	85.27	87.76	-
Net Cash (Debt)	864.17	-317.39	337.83	1,331	1,987	599.31
Net Cash Growth	-	-	-74.62%	-33.02%	231.62%	173.25%
Net Cash Per Share	1.99	-0.77	0.83	3.29	5.52	1.67
Filing Date Shares Outstanding	459.41	417.65	408.15	407.16	404.18	360
Total Common Shares Outstanding	459.41	417.65	408.15	407.16	404.18	360
Working Capital	1,265	213.89	461.93	1,225	1,900	521.97
Book Value Per Share	3.14	0.46	2.08	4.32	6.09	3.00
Tangible Book Value	1,036	-236.09	386.65	1,266	1,988	572.66
Tangible Book Value Per Share	2.25	-0.57	0.95	3.11	4.92	1.59
Machinery	-	55.43	49.14	31.99	26.91	23.59
Construction In Progress	-	169.72	13.35	8.85	5.04	0.15

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