SHA:688196 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	543.15	263.59	273.9	722.59	325.32	300.07
Short-Term Investments	-	220	50	651.23	-	-
Trading Asset Securities	69.36	275.74	24.77	39.49	160.26	509.91
Cash & Short-Term Investments	612.5	759.32	348.66	1,413	485.58	809.97
Cash Growth	-26.79%	117.78%	-75.33%	191.05%	-40.05%	-42.55%
Accounts Receivable	7.52	53.21	10.7	8.17	261.96	81.01
Other Receivables	60.38	83.78	37.32	19.54	17.17	10.59
Receivables	67.9	136.99	48.01	27.71	279.13	91.6
Inventory	990.23	952.62	930.34	473.49	441.33	202.47
Prepaid Expenses	-	0.07	0.07	0.02	-	-
Other Current Assets	548.72	28.7	22.05	7.27	20.68	14.39
Total Current Assets	2,219	1,878	1,349	1,922	1,227	1,118
Property, Plant & Equipment	1,104	920.33	784.9	747.25	589.45	504.69
Long-Term Investments	2.17	614.53	820.64	204.96	697.79	603.37
Other Intangible Assets	94.96	97.12	100.08	102.77	50.84	50.46
Long-Term Deferred Tax Assets	8.67	10.47	10.42	7.02	0.57	7.53
Other Long-Term Assets	254.44	46.16	1.18	1.7	7.17	1.76
Total Assets	3,683	3,566	3,066	2,985	2,573	2,286
Accounts Payable	47.94	15.01	31.9	33.13	10.85	9.67
Accrued Expenses	5.92	25.77	14.02	19.43	41.69	29.16
Short-Term Debt	229.7	197.48	-	54.22	-	-
Current Portion of Long-Term Debt	22.97	92.42	20.19	-	-	-
Current Portion of Leases	-	22.11	21.12	11.98	12.54	-
Current Income Taxes Payable	1.44	3.2	0.91	4.69	5.62	3.03
Current Unearned Revenue	9.17	2.53	1.41	1.52	3.38	1.91
Other Current Liabilities	1.73	36.61	6.55	22.04	4.59	4.9
Total Current Liabilities	318.87	395.13	96.1	147.01	78.67	48.68
Long-Term Debt	400.5	326.35	240	-	-	-
Long-Term Leases	19.37	36.61	44.44	49.28	16.77	-
Long-Term Unearned Revenue	41.97	15.5	4.19	5.31	6.35	12.5
Long-Term Deferred Tax Liabilities	-	-	1.37	0.09	0.68	1.34
Total Liabilities	780.72	773.58	386.1	201.69	102.47	62.52
Common Stock	120	120	120	120	120	120
Additional Paid-In Capital	1,259	1,259	1,259	1,259	1,259	1,259
Retained Earnings	1,521	1,414	1,297	1,405	1,091	844.63
Comprehensive Income & Other	2.27	-0.31	3.84	-	-	-
Shareholders' Equity	2,903	2,793	2,680	2,784	2,470	2,224
Total Liabilities & Equity	3,683	3,566	3,066	2,985	2,573	2,286
Total Debt	672.55	674.97	325.75	115.48	29.31	-
Net Cash (Debt)	-60.04	84.36	22.91	1,298	456.27	809.97
Net Cash Growth	-	268.17%	-98.23%	184.44%	-43.67%	-42.55%
Net Cash Per Share	-0.50	0.70	0.19	10.80	3.80	6.75
Filing Date Shares Outstanding	120	120	120	120	120	120
Total Common Shares Outstanding	120	120	120	120	120	120
Working Capital	1,900	1,483	1,253	1,775	1,148	1,070
Book Value Per Share	24.19	23.27	22.34	23.20	20.58	18.53
Tangible Book Value	2,808	2,696	2,580	2,681	2,419	2,173
Tangible Book Value Per Share	23.40	22.46	21.50	22.34	20.16	18.11
Buildings	-	250.73	250.73	246.94	186.08	108.31
Machinery	-	766.46	761.24	728.2	613.39	333.99
Construction In Progress	-	291.81	89.85	30.83	28.18	287.28

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