SHA:688248 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	1,113	1,717	2,229	1,841	2,280	1,387
Trading Asset Securities	951.89	700.61	300	568	-	-
Cash & Short-Term Investments	2,065	2,418	2,529	2,409	2,280	1,387
Cash Growth	-5.86%	-4.39%	4.96%	5.68%	64.44%	11901.33%
Accounts Receivable	850.3	607.21	532.2	491.63	333.35	231.65
Other Receivables	11.07	12.59	15.8	5.84	5.38	9.03
Receivables	861.37	619.8	548.01	497.47	338.74	240.68
Inventory	1,003	798.51	869.97	404.28	228.28	150.42
Other Current Assets	45.6	18.01	35.41	68.88	28.53	50.67
Total Current Assets	3,975	3,854	3,982	3,380	2,876	1,828
Property, Plant & Equipment	346.44	382.41	331.64	158.41	129.64	83.73
Long-Term Investments	186.4	175.86	68.59	-	5.61	5.34
Goodwill	23.24	23.24	23.24	-	-	-
Other Intangible Assets	114.79	122.26	97.25	41.61	31.45	28.04
Long-Term Accounts Receivable	-	63.32	27.47	41.22	80.45	-
Long-Term Deferred Tax Assets	42.39	40.11	39.07	20.62	11.35	4.42
Long-Term Deferred Charges	30.16	38.44	39.82	19.91	16.31	17.03
Other Long-Term Assets	80.27	10.1	8.77	38.01	7.88	8.03
Total Assets	4,799	4,710	4,618	3,700	3,158	1,975
Accounts Payable	508.08	767.1	697.98	487.46	454.26	398.22
Accrued Expenses	109.35	30.03	44.29	12.17	11.98	5.82
Current Portion of Leases	30.99	22.08	32.01	13.45	17.52	-
Current Income Taxes Payable	27.13	7.28	18.78	0.72	12.75	9.45
Current Unearned Revenue	719.66	637.28	791.43	490.34	173.06	132.22
Other Current Liabilities	20.2	52.48	54.8	36.58	13.68	58.85
Total Current Liabilities	1,415	1,516	1,639	1,041	683.25	604.55
Long-Term Leases	61.98	72.17	81.9	13.96	14.1	-
Long-Term Unearned Revenue	17.91	17.81	7.85	14.25	10.19	3.17
Long-Term Deferred Tax Liabilities	30.29	35.8	35.31	11.74	0.84	1.26
Other Long-Term Liabilities	32.18	42.61	32.88	29.97	18.3	8.31
Total Liabilities	1,558	1,685	1,797	1,111	726.68	617.29
Common Stock	564.7	564.7	564.7	564.7	564.7	480
Additional Paid-In Capital	1,715	1,715	1,715	1,715	1,715	810.04
Retained Earnings	919.33	708.85	518.86	309.77	152.02	67.55
Total Common Equity	3,199	2,988	2,798	2,589	2,432	1,358
Minority Interest	42.07	37.09	22.59	-	-	-
Shareholders' Equity	3,241	3,025	2,821	2,589	2,432	1,358
Total Liabilities & Equity	4,799	4,710	4,618	3,700	3,158	1,975
Total Debt	92.97	94.24	113.91	27.41	31.62	-
Net Cash (Debt)	1,972	2,324	2,415	2,382	2,248	1,387
Net Cash Growth	-4.89%	-3.78%	1.38%	5.95%	62.16%	11901.33%
Net Cash Per Share	3.50	4.14	4.29	4.17	4.72	4.14
Filing Date Shares Outstanding	564.7	564.7	564.7	564.7	564.7	480
Total Common Shares Outstanding	564.7	564.7	564.7	564.7	564.7	480
Working Capital	2,560	2,338	2,343	2,339	2,192	1,224
Book Value Per Share	5.66	5.29	4.96	4.59	4.31	2.83
Tangible Book Value	3,061	2,843	2,678	2,548	2,400	1,330
Tangible Book Value Per Share	5.42	5.03	4.74	4.51	4.25	2.77
Buildings	-	25.84	28.45	1.99	1.99	1.99
Machinery	-	646.05	567.57	415.76	356.1	321.07
Construction In Progress	-	4.62	1.9	3.84	6.15	4.61

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