SHA:688357 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	167.27	244.2	652.08	197.61	150.67	142.8
Trading Asset Securities	729	676	360	335	450	369.75
Cash & Short-Term Investments	896.27	920.2	1,012	532.61	600.67	512.55
Cash Growth	2.27%	-9.08%	90.02%	-11.33%	17.19%	-11.05%
Accounts Receivable	236.34	198.32	240.08	251.04	174.15	128.33
Other Receivables	11.87	15.15	16.88	12.88	0.84	-
Receivables	248.21	213.47	256.96	263.92	174.99	128.33
Inventory	316.88	298.48	365.85	303.38	119.06	68.67
Prepaid Expenses	-	0.19	0.13	0.17	0.14	-
Other Current Assets	8.68	6.36	30.29	36.2	24.38	8.17
Total Current Assets	1,470	1,439	1,665	1,136	919.23	717.72
Property, Plant & Equipment	1,459	1,421	1,255	961.04	661.96	404.73
Long-Term Investments	-	-	-	1.42	-	-
Other Intangible Assets	82.65	82.75	92.11	73.43	74.8	48.92
Long-Term Deferred Tax Assets	2.12	1.08	0.81	4.5	4.22	2.55
Long-Term Deferred Charges	1.36	1.43	0.78	6.25	3.71	1.88
Other Long-Term Assets	1.44	3	15.19	3.15	17.73	6.58
Total Assets	3,017	2,948	3,029	2,186	1,682	1,182
Accounts Payable	357.94	208.33	253.64	320.37	212.72	61.02
Accrued Expenses	7.81	24.04	16.66	25.37	22.44	17.33
Short-Term Debt	15.01	37.02	35.03	-	-	30
Current Portion of Long-Term Debt	1.66	2.08	1.37	0.86	-	-
Current Portion of Leases	-	1.64	1.57	0.29	0.2	-
Current Income Taxes Payable	10.36	0	4.4	-	6.72	3.05
Current Unearned Revenue	29.66	21.21	38.47	40.78	52.72	17.48
Other Current Liabilities	38.66	168.16	246.68	198.49	134.42	63.32
Total Current Liabilities	461.09	462.5	597.8	586.16	429.22	192.2
Long-Term Debt	668.39	655.43	618.06	18.59	-	-
Long-Term Leases	1.1	1.96	3.57	0.37	0.05	-
Long-Term Unearned Revenue	8.64	9.12	9.75	10.39	11.03	11.67
Long-Term Deferred Tax Liabilities	18.06	23.11	21.29	21.13	17.01	3.9
Total Liabilities	1,157	1,152	1,250	636.63	457.31	207.77
Common Stock	100.06	100.06	83.38	59.45	57.99	57.82
Additional Paid-In Capital	881.5	881.38	903.63	918.69	709.67	684.9
Retained Earnings	736.66	683.94	669.22	575.63	466.62	231.69
Comprehensive Income & Other	141.08	130.64	122.44	-4.35	-9.94	0.2
Shareholders' Equity	1,859	1,796	1,779	1,549	1,224	974.61
Total Liabilities & Equity	3,017	2,948	3,029	2,186	1,682	1,182
Total Debt	686.16	698.15	659.59	20.1	0.25	30
Net Cash (Debt)	210.12	222.05	352.49	512.5	600.41	482.55
Net Cash Growth	10.20%	-37.00%	-31.22%	-14.64%	24.43%	2.19%
Net Cash Per Share	1.91	2.02	3.34	5.15	6.14	4.96
Filing Date Shares Outstanding	100.06	100.06	100.06	99.88	97.43	97.14
Total Common Shares Outstanding	100.06	100.06	100.06	99.88	97.43	97.14
Working Capital	1,009	976.19	1,068	550.12	490.01	525.52
Book Value Per Share	18.58	17.95	17.78	15.51	12.57	10.03
Tangible Book Value	1,777	1,713	1,687	1,476	1,150	925.69
Tangible Book Value Per Share	17.76	17.12	16.86	14.78	11.80	9.53
Buildings	-	565	470.96	289.19	233.32	154.82
Machinery	-	803.45	720.46	619.88	436.23	293.26
Construction In Progress	-	320.7	262	199.3	117.21	53.27

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