SHA:688251 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	344.17	356.36	256.31	383.69	133.49	76.21
Trading Asset Securities	30.08	-	70.89	-	-	4.72
Cash & Short-Term Investments	374.25	356.36	327.2	383.69	133.49	80.93
Cash Growth	19.32%	8.91%	-14.72%	187.44%	64.94%	105.43%
Accounts Receivable	620.79	678.51	541.29	418.1	388.53	237.93
Other Receivables	9.33	16.99	11.43	9.8	6.55	5.34
Receivables	630.12	695.5	552.72	427.9	395.07	243.27
Inventory	389.17	428.27	268.79	195.98	169.2	152.83
Other Current Assets	28.85	26.46	68.07	15.55	25.92	18.7
Total Current Assets	1,422	1,507	1,217	1,023	723.68	495.73
Property, Plant & Equipment	154.49	132.52	106.38	95.3	88.07	85.22
Long-Term Investments	7.42	42.31	180.06	141.81	-	-
Other Intangible Assets	47.55	14.65	13.22	13.69	13.95	14.31
Long-Term Deferred Tax Assets	17.74	18.54	13.05	10.73	7.75	5.88
Long-Term Deferred Charges	0.17	0.28	-	-	-	-
Other Long-Term Assets	8.16	7.4	4.41	1.74	-	-
Total Assets	1,658	1,722	1,534	1,286	833.44	601.15
Accounts Payable	440.1	465.27	371.53	285.09	260.53	171.72
Accrued Expenses	11.47	25.82	20.96	23.19	20.46	18.37
Short-Term Debt	81.71	57.22	52.04	30.02	65.07	59.58
Current Portion of Leases	0.3	1.1	1.06	1.29	0.53	-
Current Income Taxes Payable	7.08	3.3	3.85	6.26	7.74	-
Current Unearned Revenue	247.54	300.3	259.03	141.23	197.5	162.43
Other Current Liabilities	23.29	15.36	13.42	15.38	25.66	15.24
Total Current Liabilities	811.51	868.36	721.88	502.46	577.5	427.34
Long-Term Debt	-	-	-	-	10.01	-
Long-Term Leases	0.12	0.29	0.91	1.97	0.28	-
Long-Term Unearned Revenue	0.1	1.76	2.29	3.54	4.79	4.99
Long-Term Deferred Tax Liabilities	0.39	0.31	0.15	0.19	-	0
Other Long-Term Liabilities	9.27	10.6	8.05	6.67	6.64	5.08
Total Liabilities	821.4	881.32	733.29	514.83	599.23	437.41
Common Stock	100.74	86.85	59.43	59.43	44.57	44.57
Additional Paid-In Capital	477.06	487.85	514.81	513.86	62.28	60.09
Retained Earnings	256.49	264.53	234.62	198.27	127.37	59.08
Treasury Stock	-	-	-9.12	-	-	-
Comprehensive Income & Other	2.22	1.73	0.87	-	-	-
Shareholders' Equity	836.52	840.96	800.61	771.56	234.21	163.74
Total Liabilities & Equity	1,658	1,722	1,534	1,286	833.44	601.15
Total Debt	82.14	58.61	54.01	33.29	75.89	59.58
Net Cash (Debt)	292.12	297.75	273.19	350.4	57.59	21.35
Net Cash Growth	12.41%	8.99%	-22.04%	508.42%	169.77%	-
Net Cash Per Share	2.91	2.99	2.73	4.00	0.77	0.28
Filing Date Shares Outstanding	100.74	100.74	99.41	99.96	74.97	74.97
Total Common Shares Outstanding	100.74	100.74	99.41	99.96	74.97	74.97
Working Capital	610.88	638.23	494.9	520.66	146.18	68.39
Book Value Per Share	8.30	8.35	8.05	7.72	3.12	2.18
Tangible Book Value	788.97	826.31	787.39	757.87	220.26	149.43
Tangible Book Value Per Share	7.83	8.20	7.92	7.58	2.94	1.99
Buildings	-	84.72	68.4	68.4	68.4	68.4
Machinery	-	45.54	39.48	28.53	24.91	18.02
Construction In Progress	-	44.53	31.91	23.89	16.58	15.9

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