SHA:688321 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	451.16	375.55	375.9	508.98	300.55	318.98
Short-Term Investments	-	384.35	257.52	181.6	100.09	120.69
Trading Asset Securities	185.25	94.13	216.72	291.07	82.08	261.87
Cash & Short-Term Investments	636.41	854.04	850.14	981.65	482.71	701.54
Cash Growth	32.10%	0.46%	-13.40%	103.36%	-31.19%	-28.06%
Accounts Receivable	288.4	162.97	196.82	154.81	111.44	41.45
Other Receivables	9.01	13	21.71	11.62	9.17	6.54
Receivables	297.4	175.97	218.53	166.43	120.62	47.99
Inventory	53.67	40.84	47.13	28.47	15.37	12.39
Prepaid Expenses	-	-	-	-	1.69	-
Other Current Assets	351.04	12.61	14.29	7.58	18.43	7.13
Total Current Assets	1,339	1,083	1,130	1,184	638.82	769.06
Property, Plant & Equipment	1,256	1,158	1,066	1,100	698.99	586.28
Long-Term Investments	232.64	245.63	268.94	29.83	-	-
Other Intangible Assets	425.53	448.29	183.99	202.8	216.18	128.96
Long-Term Deferred Tax Assets	1.62	1.53	2.08	24.67	22.03	3.33
Long-Term Deferred Charges	234.42	168.3	403.8	270.53	145.93	139.08
Other Long-Term Assets	144	146.14	148.27	83.81	172.46	99.56
Total Assets	3,633	3,251	3,203	2,896	1,894	1,726
Accounts Payable	4.32	2.19	9.03	0.32	2.23	3.54
Accrued Expenses	36.96	142.03	120.2	77.4	65.82	27.23
Short-Term Debt	168.77	100.22	130.11	185.78	120.15	35.21
Current Portion of Long-Term Debt	257.32	133.66	36.19	19.88	17.92	-
Current Portion of Leases	-	3.54	2.84	2.89	4.76	-
Current Income Taxes Payable	15.23	-	0.17	12.07	10.77	4.53
Current Unearned Revenue	0.27	0.17	0.08	0.23	0.29	-
Other Current Liabilities	233.17	69.5	92.18	241.96	71.89	76.38
Total Current Liabilities	716.04	451.31	390.81	540.54	293.84	146.89
Long-Term Debt	1,118	1,088	899.17	598.02	4.88	22.77
Long-Term Leases	5.24	7.76	10.06	1.29	1.42	-
Long-Term Unearned Revenue	99.93	83.35	77.04	86.96	78.94	61.99
Long-Term Deferred Tax Liabilities	38.18	38.96	23.45	-	-	-
Other Long-Term Liabilities	0	0	92.83	93.29	97.71	0.8
Total Liabilities	1,977	1,670	1,493	1,320	476.79	232.44
Common Stock	407.81	407.8	411.29	410.72	410.72	410
Additional Paid-In Capital	1,018	1,013	1,138	1,075	1,125	1,069
Retained Earnings	99.03	28.26	142.83	53.99	36.51	14.55
Treasury Stock	-	-	-113.07	-154.59	-154.59	-
Comprehensive Income & Other	131.26	131.84	131.09	130.05	-0.29	-
Total Common Equity	1,656	1,581	1,710	1,515	1,418	1,494
Minority Interest	-	-	-	60.23	-	-
Shareholders' Equity	1,656	1,581	1,710	1,576	1,418	1,494
Total Liabilities & Equity	3,633	3,251	3,203	2,896	1,894	1,726
Total Debt	1,549	1,334	1,078	807.87	149.14	57.98
Net Cash (Debt)	-912.83	-479.55	-228.24	173.78	333.58	643.56
Net Cash Growth	-	-	-	-47.90%	-48.17%	-26.46%
Net Cash Per Share	-2.24	-1.18	-0.56	0.43	0.81	1.57
Filing Date Shares Outstanding	407.81	407.8	409.01	406.97	406.97	410
Total Common Shares Outstanding	407.81	407.8	409.01	406.97	406.97	410
Working Capital	622.49	632.16	739.28	643.59	344.98	622.17
Book Value Per Share	4.06	3.88	4.18	3.72	3.48	3.64
Tangible Book Value	1,230	1,133	1,526	1,313	1,201	1,365
Tangible Book Value Per Share	3.02	2.78	3.73	3.23	2.95	3.33
Buildings	-	745.57	656.92	722.9	471.88	96.94
Machinery	-	118.55	108.28	112.93	90.43	38.04
Construction In Progress	-	384.86	360.81	308.1	157.75	470.78

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