SHA:688311 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	232.38	333.38	598.91	576.1	914.8	579.2
Trading Asset Securities	71.33	-	-	-	-	464.08
Cash & Short-Term Investments	303.7	333.38	598.91	576.1	914.8	1,043
Cash Growth	-12.18%	-44.34%	3.96%	-37.02%	-12.31%	596.31%
Accounts Receivable	572.12	532.12	635.21	661.33	599.72	487.76
Other Receivables	1.67	2.38	2.47	2.45	3.82	1.31
Receivables	573.79	534.5	637.67	663.77	603.54	489.07
Inventory	409.29	329.14	342.04	264.71	167.73	122.97
Prepaid Expenses	-	2.38	2.38	0.01	0.38	-
Other Current Assets	52.15	49.35	45.69	56.04	17.33	21.79
Total Current Assets	1,339	1,249	1,627	1,561	1,704	1,677
Property, Plant & Equipment	559.1	605.12	873.72	792.11	562.64	340.4
Long-Term Investments	103	103.53	76.43	86.03	87.11	61.99
Goodwill	-	-	79.11	79.11	79.11	-
Other Intangible Assets	34.33	38.66	51.38	49.78	53.63	43.58
Long-Term Deferred Tax Assets	96.69	83.49	51.6	38.18	19.84	12.19
Long-Term Deferred Charges	-	-	0.03	0.08	0.13	1.45
Other Long-Term Assets	212.32	211.6	6.47	19.63	7.71	-
Total Assets	2,344	2,291	2,765	2,626	2,514	2,137
Accounts Payable	401.03	270.75	389.48	406.22	278.11	222.05
Accrued Expenses	7.53	18.01	20.26	22.8	35.5	34.65
Short-Term Debt	13.51	20.02	55	65	25	20
Current Portion of Long-Term Debt	25.39	25.26	26.2	30.3	30.3	-
Current Portion of Leases	-	0.37	1.13	1.34	0.8	0.2
Current Income Taxes Payable	0.42	-	3.47	12.85	17.2	12.26
Current Unearned Revenue	5.55	4.59	3.71	16.08	4.35	16.11
Other Current Liabilities	35.53	48.16	99.57	115.83	98.92	41.36
Total Current Liabilities	488.96	387.17	598.82	670.43	490.18	346.63
Long-Term Debt	143.63	152.87	319.2	105.9	149.7	99
Long-Term Leases	0.43	0.11	0.72	1.86	3.43	0.36
Long-Term Unearned Revenue	70.1	73.79	79.56	69.01	46.66	46.29
Long-Term Deferred Tax Liabilities	-	-	10.45	1.08	3.1	-
Total Liabilities	703.12	613.93	1,009	848.28	693.08	492.28
Common Stock	167.91	168.73	160.56	115.05	114.67	114.67
Additional Paid-In Capital	1,449	1,477	1,310	1,362	1,348	1,348
Retained Earnings	-75.87	-28.33	243.32	300.61	315.99	181.56
Treasury Stock	-	-40.03	-42.01	-45.17	-	-
Comprehensive Income & Other	52.93	52.12	33.29	1.84	-	-
Total Common Equity	1,594	1,630	1,705	1,734	1,779	1,644
Minority Interest	47.72	47.57	51.32	43.33	42.01	-
Shareholders' Equity	1,641	1,677	1,757	1,777	1,821	1,644
Total Liabilities & Equity	2,344	2,291	2,765	2,626	2,514	2,137
Total Debt	182.96	198.63	402.25	204.39	209.24	119.56
Net Cash (Debt)	120.74	134.74	196.66	371.71	705.56	923.72
Net Cash Growth	-	-31.48%	-47.09%	-47.32%	-23.62%	1861.16%
Net Cash Per Share	0.72	0.84	1.50	2.41	4.42	6.72
Filing Date Shares Outstanding	167.91	168.04	38.23	160.1	160.54	160.54
Total Common Shares Outstanding	167.91	168.04	38.23	160.1	160.54	160.54
Working Capital	849.98	861.58	1,028	890.21	1,214	1,330
Book Value Per Share	9.49	9.70	44.60	10.83	11.08	10.24
Tangible Book Value	1,559	1,591	1,575	1,605	1,646	1,601
Tangible Book Value Per Share	9.29	9.47	41.19	10.03	10.25	9.97
Buildings	-	439.24	629.11	367.56	21.91	-
Machinery	-	319.14	340.49	200.42	101.24	-
Construction In Progress	-	5.28	14.86	275.61	516.66	-

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