SHA:688239 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	605.04	768.46	322.25	326.37	159.78	66.47
Cash & Short-Term Investments	615.04	768.46	322.25	326.37	159.78	66.47
Cash Growth	-30.32%	138.47%	-1.26%	104.26%	140.37%	59.50%
Accounts Receivable	1,443	1,213	984.31	749.46	618.18	564.53
Other Receivables	3.84	4.48	17.4	0.21	1.12	0.05
Receivables	1,447	1,217	1,002	749.7	619.47	564.73
Inventory	1,020	889.05	875	795.1	573.61	408.68
Prepaid Expenses	-	-	-	-	1.57	0.73
Other Current Assets	53.3	90.26	39.63	110.91	88.32	23.71
Total Current Assets	3,136	2,965	2,239	1,982	1,443	1,064
Property, Plant & Equipment	1,235	1,013	907.08	848.19	640.89	287.27
Long-Term Investments	59.82	66.89	66.09	2.69	1.62	-
Goodwill	22.24	21.68	-	-	-	-
Other Intangible Assets	138.9	142.32	38.12	39.5	33.72	34.43
Long-Term Accounts Receivable	-	6.64	1.76	1.86	0.46	-
Long-Term Deferred Tax Assets	45.57	40.46	41.67	37.84	18.87	15.79
Long-Term Deferred Charges	7.96	5.55	2.32	1.51	2.03	-
Other Long-Term Assets	55.43	24.83	113.03	76.01	59.35	26.53
Total Assets	4,701	4,287	3,409	2,990	2,200	1,428
Accounts Payable	946.39	727.82	710.71	788.14	548.92	286.99
Accrued Expenses	17.05	33.01	26.23	31.93	23.52	19.42
Short-Term Debt	268.07	272.09	306.29	255.08	284.05	350.08
Current Portion of Long-Term Debt	98.38	133.6	111.79	81.03	2.02	-
Current Portion of Leases	-	3.03	2.09	1.63	0.56	-
Current Income Taxes Payable	28.86	19.1	12.48	17.81	11.92	9.73
Current Unearned Revenue	6.7	3.42	5.25	10.5	2.67	23.78
Other Current Liabilities	19.64	43.91	89.96	129.5	77.2	44.96
Total Current Liabilities	1,385	1,236	1,265	1,316	950.87	734.97
Long-Term Debt	1,108	976.4	321.64	369.89	159.16	104.65
Long-Term Leases	1.28	2.7	3.27	4.36	1.55	-
Long-Term Unearned Revenue	223.75	212.32	115.7	52.12	47.71	35.89
Long-Term Deferred Tax Liabilities	1.66	2.34	1.01	1.26	0.02	-
Total Liabilities	2,720	2,430	1,706	1,743	1,159	875.51
Common Stock	190.63	147.79	147.56	142.71	140	105
Additional Paid-In Capital	1,035	1,111	1,123	848.63	705.59	391.94
Retained Earnings	766.47	652.27	494.44	350.09	194.8	55.88
Treasury Stock	-25.01	-63.04	-78.32	-94.98	-	-
Comprehensive Income & Other	-13.49	-13.99	0.6	-	-	-
Total Common Equity	1,953	1,834	1,687	1,246	1,040	552.82
Minority Interest	28.05	22.7	14.97	-	-	-
Shareholders' Equity	1,981	1,857	1,702	1,246	1,040	552.82
Total Liabilities & Equity	4,701	4,287	3,409	2,990	2,200	1,428
Total Debt	1,476	1,388	745.09	711.99	447.33	454.73
Net Cash (Debt)	-860.78	-619.36	-422.84	-385.62	-287.56	-388.26
Net Cash Per Share	-4.40	-3.23	-2.26	-2.12	-1.80	-2.83
Filing Date Shares Outstanding	189.46	191.15	185.64	182.56	182	136.5
Total Common Shares Outstanding	189.46	191.15	185.64	182.56	182	136.5
Working Capital	1,751	1,729	973.94	666.47	491.88	329.35
Book Value Per Share	10.31	9.60	9.09	6.83	5.72	4.05
Tangible Book Value	1,792	1,670	1,649	1,207	1,007	518.39
Tangible Book Value Per Share	9.46	8.74	8.88	6.61	5.53	3.80
Buildings	-	531.86	525.97	388.44	153.88	153.88
Machinery	-	650.92	609.53	533.87	237.56	231.79
Construction In Progress	-	147.27	26.44	131.05	428.27	67.93
Order Backlog	-	4,848	-	-	-	-

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