SHA:688353 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	446.86	782.15	2,044	2,842	234.57	55.36
Trading Asset Securities	821.88	917.44	80	-	-	2.78
Cash & Short-Term Investments	1,269	1,700	2,124	2,842	234.57	58.13
Cash Growth	-33.40%	-19.98%	-25.27%	1111.71%	303.49%	40.94%
Accounts Receivable	459.45	363.26	355.3	283.35	559.54	277.25
Other Receivables	1.15	3.34	1.46	2.98	0.62	-
Receivables	460.6	366.59	356.76	286.34	560.16	277.25
Inventory	95.82	87.07	107.54	78.2	60.86	47.6
Other Current Assets	54.66	49.24	50.58	22.86	13.93	3.21
Total Current Assets	1,880	2,202	2,639	3,230	869.51	386.19
Property, Plant & Equipment	1,840	1,700	1,512	1,089	452.52	454.45
Long-Term Investments	145.67	105.78	-	-	-	-
Other Intangible Assets	262.25	205.82	179.56	148.66	82.15	56.67
Long-Term Deferred Tax Assets	66.1	48.23	16.49	9.83	5.45	5.55
Long-Term Deferred Charges	0.47	0.59	0.68	0.42	1.01	0.91
Other Long-Term Assets	20.85	27.02	74.06	61.29	138.49	6.42
Total Assets	4,215	4,290	4,422	4,539	1,549	910.2
Accounts Payable	340.65	285.79	225.89	343.68	142.42	90.62
Accrued Expenses	22.98	24.71	25.35	31.28	37.52	17
Short-Term Debt	-	-	3.46	-	133.36	126
Current Portion of Long-Term Debt	12.87	6.09	0.83	0.08	-	-
Current Portion of Leases	-	0.22	0.73	0.76	0.71	-
Current Income Taxes Payable	3.15	0	0	11.57	27.91	4.48
Current Unearned Revenue	3.79	0.2	0.04	0.03	80.88	0.14
Other Current Liabilities	7.76	183.15	190.71	110.8	47.29	36.25
Total Current Liabilities	391.21	500.16	447.02	498.21	470.09	274.49
Long-Term Debt	342.42	169.25	123.1	75	-	-
Long-Term Leases	-	-	0.47	1.29	1.46	-
Long-Term Unearned Revenue	20.78	23.93	27.93	31.6	20.08	19.78
Long-Term Deferred Tax Liabilities	0.05	0.05	-	0.12	-	0.42
Other Long-Term Liabilities	59.36	30.2	30.2	-	-	-
Total Liabilities	813.81	723.59	628.71	606.22	491.63	294.68
Common Stock	159.5	159.5	159.5	110	82	82
Additional Paid-In Capital	2,902	2,907	2,905	2,954	404.88	391.37
Retained Earnings	328.79	431.77	653.72	787.64	526.82	126.89
Treasury Stock	-104.54	-50.32	-10	-	-	-
Comprehensive Income & Other	16.69	19.34	21.1	20.2	14.53	14.43
Total Common Equity	3,303	3,468	3,729	3,872	1,028	614.68
Minority Interest	98.97	98.76	64.18	60.46	29.26	0.83
Shareholders' Equity	3,402	3,566	3,793	3,932	1,057	615.52
Total Liabilities & Equity	4,215	4,290	4,422	4,539	1,549	910.2
Total Debt	355.29	175.56	128.6	77.13	135.53	126
Net Cash (Debt)	913.45	1,524	1,995	2,765	99.03	-67.86
Net Cash Growth	-47.57%	-23.62%	-27.84%	2692.08%	-	-
Net Cash Per Share	5.83	9.60	12.52	20.36	0.83	-0.58
Filing Date Shares Outstanding	154.81	157.37	159.17	159.5	118.9	118.9
Total Common Shares Outstanding	154.81	157.37	159.17	159.5	118.9	118.9
Working Capital	1,489	1,702	2,192	2,731	399.42	111.7
Book Value Per Share	21.33	22.04	23.43	24.28	8.65	5.17
Tangible Book Value	3,040	3,262	3,549	3,723	946.09	558.01
Tangible Book Value Per Share	19.64	20.73	22.30	23.34	7.96	4.69
Buildings	-	663.38	536.33	212.6	212.6	211.97
Machinery	-	1,107	964.02	513.73	498.96	452.34
Construction In Progress	-	438.63	420.69	690.81	9.65	10.11

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