SHA:688225 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	791.37	2,643	1,059	1,997	1,261	1,227
Trading Asset Securities	308.94	444.76	100.02	-	-	-
Cash & Short-Term Investments	1,100	3,088	1,159	1,997	1,261	1,227
Cash Growth	-22.37%	166.44%	-41.98%	58.36%	2.76%	112.31%
Accounts Receivable	6,267	6,360	1,025	790.17	490.46	255.99
Other Receivables	126.93	125.84	22.13	27.18	19.42	14.08
Receivables	6,394	6,486	1,047	817.35	509.88	270.08
Inventory	856.42	565.43	358.57	314.26	262.79	297.57
Other Current Assets	303.76	272.45	77.83	111.39	50.68	45.07
Total Current Assets	8,655	10,411	2,642	3,240	2,085	1,840
Property, Plant & Equipment	817.45	854.55	137.83	139.95	186.23	26.15
Long-Term Investments	323.04	423.93	156.81	149.25	85.13	-
Goodwill	504.72	504.72	268.35	-	-	-
Other Intangible Assets	739.82	760.66	70.46	52.18	35.43	24.17
Long-Term Deferred Tax Assets	277.8	249.64	93.46	77.85	74.5	65.31
Long-Term Deferred Charges	74.63	120.08	18.77	22.98	23.58	14.48
Other Long-Term Assets	36.99	44.82	13.04	-	-	-
Total Assets	11,429	13,370	3,401	3,683	2,490	1,970
Accounts Payable	1,211	1,443	318.72	245.21	162.25	86.9
Accrued Expenses	1,176	1,637	266.78	264.98	275.47	199.71
Short-Term Debt	78.91	136.25	28.64	-	-	-
Current Portion of Long-Term Debt	150.86	27.24	18.35	-	-	-
Current Portion of Leases	-	94.4	25.9	26.82	27.06	-
Current Income Taxes Payable	456.45	339.59	-	0.66	26.51	37.34
Current Unearned Revenue	508.12	558.99	266.26	287.28	322.08	334.61
Other Current Liabilities	399.57	602.73	66.29	91.71	57.3	47.97
Total Current Liabilities	3,980	4,839	990.95	916.66	870.66	706.53
Long-Term Debt	704.39	742.73	171.95	-	-	3.27
Long-Term Leases	131.33	153.11	76.55	75.66	123.53	-
Long-Term Unearned Revenue	2.26	7.76	18.59	25.11	25.32	23.97
Long-Term Deferred Tax Liabilities	350.27	411.63	8.05	11.94	5.32	-
Other Long-Term Liabilities	496.77	625.76	5.2	4.81	4.08	5.77
Total Liabilities	5,665	6,780	1,271	1,034	1,029	739.54
Common Stock	400.01	400.01	400.01	400.01	360	360
Additional Paid-In Capital	1,589	1,567	1,541	1,500	363	312.96
Retained Earnings	56.96	456.95	447.36	748.26	736.8	558.12
Treasury Stock	-270.01	-270.01	-270.01	-	-	-
Comprehensive Income & Other	0.41	-0.14	-0.18	-1.47	-1.72	-0.33
Total Common Equity	1,776	2,154	2,118	2,647	1,458	1,231
Minority Interest	3,988	4,436	11.75	1.33	2.54	-0.04
Shareholders' Equity	5,764	6,590	2,130	2,648	1,461	1,231
Total Liabilities & Equity	11,429	13,370	3,401	3,683	2,490	1,970
Total Debt	1,065	1,154	321.39	102.48	150.59	3.27
Net Cash (Debt)	34.83	1,934	837.59	1,895	1,111	1,224
Net Cash Growth	-96.37%	130.93%	-55.80%	70.61%	-9.27%	111.75%
Net Cash Per Share	0.09	5.00	2.10	4.78	3.09	3.43
Filing Date Shares Outstanding	386.52	386.52	386.52	400.01	360	360
Total Common Shares Outstanding	386.52	386.52	386.52	400.01	360	360
Working Capital	4,675	5,572	1,651	2,324	1,214	1,134
Book Value Per Share	4.60	5.57	5.48	6.62	4.05	3.42
Tangible Book Value	531.82	888.78	1,779	2,595	1,423	1,207
Tangible Book Value Per Share	1.38	2.30	4.60	6.49	3.95	3.35
Buildings	-	501.82	-	-	-	-
Machinery	-	190.87	96.02	81.55	67.29	44.73

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