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

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