SHA:688280 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	369.15	78.28	288.78	897.17	1,605	193.39
Cash & Short-Term Investments	369.15	78.28	288.78	897.17	1,605	193.39
Cash Growth	539.78%	-72.89%	-67.81%	-44.09%	729.70%	-44.29%
Accounts Receivable	696.39	535.69	390.75	464.23	386.07	356.99
Other Receivables	1.56	8.31	9.82	5.39	5.32	3.39
Receivables	697.94	543.99	400.57	469.63	391.39	360.37
Inventory	733.96	590.72	633.1	505.43	430.2	279.77
Other Current Assets	72.12	86.57	112.11	80.59	106.99	86.85
Total Current Assets	1,873	1,300	1,435	1,953	2,533	920.39
Property, Plant & Equipment	1,038	1,122	942.32	914.02	780.16	549.05
Other Intangible Assets	20.73	24.47	27.26	25.75	22.69	14.4
Long-Term Accounts Receivable	-	-	1.28	3.35	-	-
Long-Term Deferred Tax Assets	89.36	86.56	90.18	51.63	30.06	35.65
Long-Term Deferred Charges	28.85	29.79	27.63	4.61	3.88	10.51
Other Long-Term Assets	9.91	6.45	32.38	29.89	8.39	26.5
Total Assets	3,060	2,569	2,556	2,982	3,378	1,557
Accounts Payable	1,115	734.15	465.03	438.33	424.28	420.1
Accrued Expenses	15.89	52.7	32.68	38.3	41.89	34.26
Short-Term Debt	128.9	197.39	177.45	241.82	368.56	222.28
Current Portion of Long-Term Debt	53.46	22.29	19.95	0.03	-	-
Current Portion of Leases	-	40.11	46.88	51.1	28.11	8.65
Current Income Taxes Payable	4.71	-	-	-	-	-
Current Unearned Revenue	380.48	305.83	245.12	131.73	135.92	51.92
Other Current Liabilities	166.41	146.93	177.69	107.58	218.56	165.65
Total Current Liabilities	1,865	1,499	1,165	1,009	1,217	902.86
Long-Term Debt	90.2	96.8	9.7	19.9	-	9.47
Long-Term Leases	156.51	174.38	144.82	165.77	50.44	1.08
Long-Term Unearned Revenue	202.12	158.79	103.17	158.46	88.49	78.75
Long-Term Deferred Tax Liabilities	21.81	27.96	21.58	-	-	-
Other Long-Term Liabilities	58.31	31.48	96.56	42.8	12.68	14.47
Total Liabilities	2,394	1,989	1,541	1,396	1,369	1,007
Common Stock	590.22	590.22	590.22	590.22	590.22	442.67
Additional Paid-In Capital	2,601	2,602	2,603	2,603	2,603	892.17
Retained Earnings	-2,550	-2,633	-2,197	-1,622	-1,196	-795.96
Comprehensive Income & Other	24.67	21.16	18.57	14.77	12.6	10.99
Shareholders' Equity	666.06	579.72	1,015	1,586	2,009	549.87
Total Liabilities & Equity	3,060	2,569	2,556	2,982	3,378	1,557
Total Debt	429.06	530.96	398.8	478.63	447.11	241.48
Net Cash (Debt)	-59.91	-452.68	-110.02	418.54	1,157	-48.09
Net Cash Growth	-	-	-	-63.84%	-	-
Net Cash Per Share	-0.10	-0.77	-0.19	0.71	2.49	-0.11
Filing Date Shares Outstanding	590.22	590.22	590.22	590.22	590.22	442.67
Total Common Shares Outstanding	590.22	590.22	590.22	590.22	590.22	442.67
Working Capital	8.59	-199.84	269.78	943.91	1,316	17.53
Book Value Per Share	1.13	0.98	1.72	2.69	3.40	1.24
Tangible Book Value	645.33	555.25	987.73	1,560	1,987	535.47
Tangible Book Value Per Share	1.09	0.94	1.67	2.64	3.37	1.21
Buildings	-	217.92	103.16	94.02	85.96	-
Machinery	-	1,130	968.32	810.8	657.72	-
Construction In Progress	-	39.16	121.63	158.09	203.19	-

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