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	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	2018 - 2019
Cash & Equivalents	1,245	250.16	74.2	121.67	364.24	509.02	Upgrade
Trading Asset Securities	1,006	589.83	674	1,295	1,711	90.29	Upgrade
Cash & Short-Term Investments	2,251	839.99	748.2	1,416	2,075	599.31	Upgrade
Cash Growth	171.85%	12.27%	-47.18%	-31.74%	246.26%	173.25%	Upgrade
Accounts Receivable	82.14	27.49	48.44	-	7.55	6.9	Upgrade
Other Receivables	3.34	-	-	-	-	-	Upgrade
Receivables	85.48	27.49	48.44	-	7.55	6.9	Upgrade
Inventory	40.55	44.11	23.47	5.07	-	-	Upgrade
Other Current Assets	28.19	87.37	90.65	51.64	29.57	18.86	Upgrade
Total Current Assets	2,405	998.97	910.36	1,473	2,112	625.07	Upgrade
Property, Plant & Equipment	342.81	243.91	102.26	103.66	104.48	15.19	Upgrade
Other Intangible Assets	412.98	429.85	461.98	492.02	474.9	506.25	Upgrade
Long-Term Deferred Charges	5.06	8.62	16.99	7.99	4.54	3.53	Upgrade
Other Long-Term Assets	52.68	37.38	4.79	5.06	49.51	31.98	Upgrade
Total Assets	3,218	1,719	1,496	2,082	2,746	1,182	Upgrade
Accounts Payable	18.76	20.39	18.57	8.81	1.65	1.06	Upgrade
Accrued Expenses	280.87	245.07	182.18	208.53	182.75	94.26	Upgrade
Short-Term Debt	359.94	373.83	200.11	-	-	-	Upgrade
Current Portion of Long-Term Debt	110.96	41.27	0.1	-	-	-	Upgrade
Current Portion of Leases	19.69	23.53	22.95	21.34	16.84	-	Upgrade
Current Income Taxes Payable	-	-	0.05	0	-	0.01	Upgrade
Current Unearned Revenue	7.68	2.93	0.98	-	-	-	Upgrade
Other Current Liabilities	90.3	78.06	23.49	9.82	10.76	7.79	Upgrade
Total Current Liabilities	888.2	785.08	448.44	248.49	211.99	103.11	Upgrade
Long-Term Debt	660.81	683.76	138.31	-	-	-	Upgrade
Long-Term Leases	26.54	34.99	48.89	63.93	70.92	-	Upgrade
Long-Term Unearned Revenue	14.13	14.84	12.11	11	-	-	Upgrade
Total Liabilities	1,590	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	4,902	3,136	2,954	2,757	2,729	718.88	Upgrade
Retained Earnings	-3,737	-3,360	-2,514	-1,406	-669.85	0.03	Upgrade
Total Common Equity	1,624	193.76	848.63	1,758	2,463	1,079	Upgrade
Minority Interest	4.62	6.3	-	-	-	-	Upgrade
Shareholders' Equity	1,629	200.06	848.63	1,758	2,463	1,079	Upgrade
Total Liabilities & Equity	3,218	1,719	1,496	2,082	2,746	1,182	Upgrade
Total Debt	1,178	1,157	410.37	85.27	87.76	-	Upgrade
Net Cash (Debt)	1,073	-317.39	337.83	1,331	1,987	599.31	Upgrade
Net Cash Growth	656.96%	-	-74.62%	-33.02%	231.62%	173.25%	Upgrade
Net Cash Per Share	2.53	-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	1,517	213.89	461.93	1,225	1,900	521.97	Upgrade
Book Value Per Share	3.54	0.46	2.08	4.32	6.09	3.00	Upgrade
Tangible Book Value	1,211	-236.09	386.65	1,266	1,988	572.66	Upgrade
Tangible Book Value Per Share	2.64	-0.57	0.95	3.11	4.92	1.59	Upgrade
Machinery	57.02	55.43	49.14	31.99	26.91	23.59	Upgrade
Construction In Progress	283.31	169.72	13.35	8.85	5.04	0.15	Upgrade

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