SHA:688369 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	490.06	789.07	1,031	1,220	1,273	1,573
Trading Asset Securities	60.2	20	3.09	24.76	245.33	22.81
Cash & Short-Term Investments	550.26	809.07	1,035	1,245	1,519	1,595
Cash Growth	-15.27%	-21.79%	-16.90%	-18.02%	-4.81%	5.40%
Accounts Receivable	388.01	394.03	422.78	315.63	214.75	138.91
Other Receivables	23.73	21.23	19.21	19.28	13.32	11.51
Receivables	411.73	415.25	441.99	334.91	228.07	150.42
Inventory	51.34	27.19	25.6	14.8	6.59	4.26
Prepaid Expenses	-	-	0.18	-	0.86	3.81
Other Current Assets	24.27	21.11	16.94	18.14	9.59	11.68
Total Current Assets	1,038	1,273	1,519	1,613	1,764	1,766
Property, Plant & Equipment	142.4	142.41	156.88	175.48	162.42	16.35
Long-Term Investments	155.73	153.96	181.76	120.97	108.33	38.27
Goodwill	-	2.72	-	-	-	-
Other Intangible Assets	2.57	3.38	4.1	0.82	0.47	0.02
Long-Term Deferred Tax Assets	19.74	16.6	8.22	11.2	4.84	1.79
Long-Term Deferred Charges	3.18	4.14	5.75	11.23	7.83	4.07
Other Long-Term Assets	13.61	14.08	14.87	17.97	22.38	15.79
Total Assets	1,375	1,610	1,891	1,950	2,070	1,842
Accounts Payable	162.65	178.64	161.45	128.64	117.35	66.99
Accrued Expenses	34.42	81.57	88.36	125.55	213.31	206.72
Current Portion of Leases	20.29	22.97	20.71	32.19	26.84	-
Current Income Taxes Payable	29.97	1.19	2.04	2.37	3.85	4.51
Current Unearned Revenue	222.39	210.61	157.2	145.52	194.03	216.55
Other Current Liabilities	17.06	29.72	19.27	19.36	25.46	22.9
Total Current Liabilities	486.78	524.7	449.04	453.62	580.83	517.67
Long-Term Leases	23.13	14.99	21.81	29.21	39.41	-
Long-Term Unearned Revenue	0.06	0.06	-	-	-	-
Long-Term Deferred Tax Liabilities	8.62	6.48	5.68	0.81	3.14	0.29
Total Liabilities	518.59	546.23	476.53	483.65	623.38	517.96
Common Stock	115.22	115.16	115.16	77.27	76.99	76.99
Additional Paid-In Capital	939.42	970.73	969.15	1,008	987.18	970.91
Retained Earnings	-139.16	81.63	333.41	408.27	355.68	260.73
Treasury Stock	-80.01	-130.21	-50.2	-50.2	-	-
Comprehensive Income & Other	10.48	10.49	23.34	5.47	10.57	2.27
Total Common Equity	845.95	1,048	1,391	1,448	1,430	1,311
Minority Interest	10.3	15.88	23.44	18.35	16.22	13.04
Shareholders' Equity	856.25	1,064	1,414	1,467	1,447	1,324
Total Liabilities & Equity	1,375	1,610	1,891	1,950	2,070	1,842
Total Debt	43.41	37.96	42.52	61.4	66.24	-
Net Cash (Debt)	506.85	771.11	992.02	1,184	1,452	1,595
Net Cash Growth	-14.23%	-22.27%	-16.18%	-18.51%	-8.97%	5.40%
Net Cash Per Share	4.41	6.71	8.73	10.32	12.56	13.93
Filing Date Shares Outstanding	111.2	110.38	114.34	113.91	114.71	114.71
Total Common Shares Outstanding	111.2	110.32	114.34	113.91	114.71	114.71
Working Capital	550.83	747.93	1,070	1,159	1,183	1,248
Book Value Per Share	7.61	9.50	12.16	12.72	12.47	11.43
Tangible Book Value	843.38	1,042	1,387	1,448	1,430	1,311
Tangible Book Value Per Share	7.58	9.44	12.13	12.71	12.47	11.43
Buildings	-	80.12	80.12	78.41	78.41	14.45
Machinery	-	36.53	36.51	35.95	28.64	17.23
Construction In Progress	-	21.43	21.43	21.43	-	-

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