SHA:688281 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	906.06	1,059	1,085	879.55	131.39	25.2
Trading Asset Securities	2,158	1,992	1,820	2,070	-	-
Cash & Short-Term Investments	3,065	3,051	2,905	2,950	131.39	25.2
Cash Growth	4.71%	5.04%	-1.54%	2145.20%	421.43%	-2.02%
Accounts Receivable	1,026	870.6	957.92	644.25	416.49	408.29
Other Receivables	5.3	4.24	2.42	5.65	9.61	5.81
Receivables	1,031	874.85	960.34	649.9	426.1	414.1
Inventory	344.17	219.89	125.12	43.76	34.16	10.21
Other Current Assets	89.39	53.92	20.49	2.82	15.46	5.44
Total Current Assets	4,529	4,200	4,011	3,646	607.11	454.94
Property, Plant & Equipment	1,694	1,488	756.34	325.74	108.38	95.7
Long-Term Investments	39.97	39.1	42.54	13.5	-	-
Other Intangible Assets	159.23	139.91	110.8	45.84	46.69	5.65
Long-Term Deferred Tax Assets	103.96	81.77	63.8	6.5	3.91	3.43
Long-Term Deferred Charges	35.43	33.26	2.05	0.4	0.62	-
Other Long-Term Assets	74.74	64.53	175.59	181.05	1.68	2.5
Total Assets	6,743	6,047	5,162	4,219	768.39	562.23
Accounts Payable	524.23	476.87	394.83	255.79	75.79	106.07
Accrued Expenses	21.84	43.26	34.35	28.51	20.22	22.18
Short-Term Debt	443.21	73.23	133.93	-	-	-
Current Portion of Long-Term Debt	62.61	13.54	0.12	-	5	1
Current Portion of Leases	-	5.99	3.79	-	0.21	-
Current Income Taxes Payable	18.4	16.57	25.98	17.61	16.17	-
Current Unearned Revenue	32.49	20.98	14.72	3.8	1.41	0.92
Other Current Liabilities	18.64	11.82	5.57	2.47	3.88	30.5
Total Current Liabilities	1,121	662.26	613.3	308.18	122.68	160.66
Long-Term Debt	505.69	544.53	178.92	-	64	49
Long-Term Leases	112.92	108.1	6.25	-	0.22	-
Long-Term Unearned Revenue	77.31	55.3	49.78	45.97	45.55	49.79
Long-Term Deferred Tax Liabilities	3.8	3.1	4.36	3.45	-	-
Total Liabilities	1,821	1,373	852.6	357.59	232.45	259.45
Common Stock	272.57	194.69	139.07	93.33	50	50
Additional Paid-In Capital	2,986	3,061	3,113	3,062	147.16	147.16
Retained Earnings	1,399	1,317	950.28	648.87	338.79	105.62
Total Common Equity	4,658	4,573	4,203	3,804	535.94	302.77
Minority Interest	263.73	100.66	106.45	57.57	-	-
Shareholders' Equity	4,922	4,674	4,309	3,862	535.94	302.77
Total Liabilities & Equity	6,743	6,047	5,162	4,219	768.39	562.23
Total Debt	1,124	745.38	323.02	-	69.43	50
Net Cash (Debt)	1,940	2,306	2,582	2,950	61.96	-24.8
Net Cash Growth	-14.30%	-10.69%	-12.48%	4661.24%	-	-
Net Cash Per Share	7.10	8.47	9.47	13.63	0.30	-0.12
Filing Date Shares Outstanding	272.57	272.57	272.57	272.57	204.43	204.43
Total Common Shares Outstanding	272.57	272.57	272.57	272.57	204.43	204.43
Working Capital	3,408	3,538	3,397	3,338	484.43	294.28
Book Value Per Share	17.09	16.78	15.42	13.96	2.62	1.48
Tangible Book Value	4,392	4,433	4,092	3,758	489.26	297.12
Tangible Book Value Per Share	16.11	16.26	15.01	13.79	2.39	1.45
Buildings	-	233.33	137.79	78.25	77.32	77.31
Machinery	-	424.71	192.57	77.31	47.47	28.8
Construction In Progress	-	796.82	456.59	195.55	0.12	-

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