SHA:688362 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	2018 - 2019
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	2018 - 2019
Cash & Equivalents	2,690	1,827	1,965	986.5	295.12	240.37	Upgrade
Trading Asset Securities	5	-	-	16.46	-	-	Upgrade
Cash & Short-Term Investments	2,695	1,827	1,965	1,003	295.12	240.37	Upgrade
Cash Growth	34.00%	-7.03%	95.96%	239.85%	22.78%	113.01%	Upgrade
Accounts Receivable	865.19	787.72	510.3	344.26	396.13	176.54	Upgrade
Other Receivables	22.45	39.9	24.23	5.85	10.34	8.06	Upgrade
Receivables	887.64	827.62	534.53	350.11	406.47	184.6	Upgrade
Inventory	441.12	367.32	357.86	320.57	278.88	93.76	Upgrade
Other Current Assets	113.11	32.29	141.62	111.51	2.96	1.05	Upgrade
Total Current Assets	4,136	3,055	2,999	1,785	983.43	519.78	Upgrade
Property, Plant & Equipment	9,068	8,743	7,600	6,148	3,432	2,049	Upgrade
Long-Term Investments	20	20	-	-	-	-	Upgrade
Other Intangible Assets	185.33	141.34	89.59	89.51	89.26	60.32	Upgrade
Long-Term Deferred Tax Assets	74.6	78.48	54.24	57.95	12.08	15.03	Upgrade
Long-Term Deferred Charges	1,787	1,522	1,544	2.04	1.45	1.64	Upgrade
Other Long-Term Assets	80.16	96.6	44.3	238.48	114.17	20.34	Upgrade
Total Assets	15,351	13,655	12,331	8,321	4,632	2,666	Upgrade
Accounts Payable	1,501	661.55	467.5	287.33	319.94	222.16	Upgrade
Accrued Expenses	113.73	135.33	102.97	97.2	85.62	39.6	Upgrade
Short-Term Debt	964.27	835.34	329.72	753.74	1,084	200.25	Upgrade
Current Portion of Long-Term Debt	1,930	1,417	577.4	571.1	282.08	75.24	Upgrade
Current Portion of Leases	-	2.07	45.88	125.97	101.17	10	Upgrade
Current Income Taxes Payable	13.66	-	-	0.07	0.07	0	Upgrade
Current Unearned Revenue	26.58	16.92	20.11	39.72	18.53	1.14	Upgrade
Other Current Liabilities	18.08	873.11	969.54	421.89	326.02	1,236	Upgrade
Total Current Liabilities	4,567	3,942	2,513	2,297	2,218	1,785	Upgrade
Long-Term Debt	4,219	3,161	3,567	1,084	762.88	488.8	Upgrade
Long-Term Leases	1,608	1,663	1,673	1,630	133.86	4.17	Upgrade
Long-Term Unearned Revenue	805.85	802.42	534.26	283.02	102.18	87.34	Upgrade
Long-Term Deferred Tax Liabilities	40.32	50.43	45.4	81.67	35.94	5.25	Upgrade
Other Long-Term Liabilities	25.02	-	-	-	6.63	-	Upgrade
Total Liabilities	11,265	9,618	8,333	5,376	3,259	2,370	Upgrade
Common Stock	410.48	408.41	407.66	407.66	347.66	347.66	Upgrade
Additional Paid-In Capital	1,860	1,813	1,768	1,737	754.32	737.66	Upgrade
Retained Earnings	402.8	339.68	273.35	409.54	271.12	-50.96	Upgrade
Treasury Stock	-121.5	-50	-	-	-	-738.68	Upgrade
Total Common Equity	2,594	2,511	2,449	2,554	1,373	295.68	Upgrade
Minority Interest	1,492	1,526	1,549	390.94	-	-	Upgrade
Shareholders' Equity	4,086	4,037	3,998	2,945	1,373	295.68	Upgrade
Total Liabilities & Equity	15,351	13,655	12,331	8,321	4,632	2,666	Upgrade
Total Debt	8,721	7,079	6,193	4,165	2,364	778.45	Upgrade
Net Cash (Debt)	-6,026	-5,251	-4,228	-3,162	-2,069	-538.08	Upgrade
Net Cash Per Share	-15.36	-12.67	-10.41	-8.91	-5.97	-1.69	Upgrade
Filing Date Shares Outstanding	405.38	405.96	407.66	407.66	347.66	238.6	Upgrade
Total Common Shares Outstanding	405.38	405.96	407.66	407.66	347.66	238.6	Upgrade
Working Capital	-430.75	-887.04	486.26	-511.87	-1,234	-1,265	Upgrade
Book Value Per Share	6.40	6.18	6.01	6.27	3.95	1.24	Upgrade
Tangible Book Value	2,408	2,370	2,359	2,465	1,284	235.37	Upgrade
Tangible Book Value Per Share	5.94	5.84	5.79	6.05	3.69	0.99	Upgrade
Buildings	-	479.41	476.23	459.81	356.9	269.82	Upgrade
Machinery	-	6,720	4,694	3,373	3,091	915.61	Upgrade
Construction In Progress	-	1,989	2,145	1,540	331.65	983.56	Upgrade

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