SHA:688370 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	389.75	1,284	1,455	1,917	469.56	347.56
Trading Asset Securities	795.62	0.42	0.65	0.29	0.54	56.43
Cash & Short-Term Investments	1,185	1,284	1,456	1,917	470.1	403.99
Cash Growth	-17.40%	-11.79%	-24.08%	307.84%	16.37%	135.35%
Accounts Receivable	153.79	168.59	232.02	251.97	206.21	190.42
Other Receivables	12.62	11.94	8.82	15.41	12.2	65.99
Receivables	166.42	180.54	240.83	267.38	218.41	256.4
Inventory	11.11	34.22	23.51	9.37	9.19	7.16
Prepaid Expenses	-	-	-	-	5.81	-
Other Current Assets	54.15	51.95	55.16	49.52	43.39	26.83
Total Current Assets	1,417	1,551	1,775	2,244	746.9	694.39
Property, Plant & Equipment	966.03	1,032	1,161	1,235	1,112	856.95
Long-Term Investments	547.86	431.19	193.82	81.86	46.62	71.18
Goodwill	29.15	29.15	29.15	49.4	49.4	24.82
Other Intangible Assets	128.35	132.67	129.98	134.97	139.58	123.31
Long-Term Deferred Tax Assets	-	-	-	0.4	-	-
Long-Term Deferred Charges	1.39	1.76	2.81	-	0.54	1.41
Other Long-Term Assets	0.97	2.19	1.31	5.79	77.8	53.12
Total Assets	3,091	3,180	3,293	3,751	2,173	1,825
Accounts Payable	81.94	96.81	151.55	173.75	176.65	93.27
Accrued Expenses	18.33	30.55	38.5	43.29	39.37	42.07
Short-Term Debt	85.31	90.98	61.51	62.32	105.75	100.15
Current Portion of Long-Term Debt	75.06	112.9	115.6	158.34	5.35	4.98
Current Portion of Leases	-	0.33	0.33	0.26	0.33	19.59
Current Income Taxes Payable	9.6	11.17	6.98	11.52	22.6	16.7
Current Unearned Revenue	36.39	46.09	55.34	34.51	48.91	36.9
Other Current Liabilities	18.09	16.81	20.61	52.63	54.84	179.86
Total Current Liabilities	324.71	405.65	450.42	536.61	453.79	493.53
Long-Term Debt	59.14	39.6	112.64	255.1	411.55	208.35
Long-Term Leases	0.5	0.54	0.53	0.57	0.12	14
Long-Term Unearned Revenue	18.84	19.9	18.1	19.43	20.17	20.86
Long-Term Deferred Tax Liabilities	3.93	2.39	0.81	-	2.57	9.38
Other Long-Term Liabilities	49.93	46.11	43.94	40.58	4.46	-
Total Liabilities	457.05	514.19	626.44	852.3	892.67	746.12
Common Stock	137.11	137.11	138.32	106.4	79.79	79.79
Additional Paid-In Capital	1,952	1,944	1,976	1,994	569.48	558.5
Retained Earnings	552.61	586.56	546.34	755.89	580.92	391.64
Comprehensive Income & Other	-	-	0.06	-	0.32	0.02
Total Common Equity	2,642	2,667	2,661	2,857	1,231	1,030
Minority Interest	-7.98	-1.32	5.51	41.68	49.42	49.11
Shareholders' Equity	2,634	2,666	2,666	2,898	1,280	1,079
Total Liabilities & Equity	3,091	3,180	3,293	3,751	2,173	1,825
Total Debt	220	244.35	290.6	476.58	523.1	347.07
Net Cash (Debt)	965.37	1,040	1,165	1,441	-53	56.91
Net Cash Growth	-15.75%	-10.76%	-19.14%	-	-	-
Net Cash Per Share	6.93	7.51	8.44	12.52	-0.51	0.55
Filing Date Shares Outstanding	137.11	137.11	138.32	138.32	103.73	103.73
Total Common Shares Outstanding	137.11	137.11	138.32	138.32	103.73	103.73
Working Capital	1,092	1,145	1,325	1,707	293.11	200.86
Book Value Per Share	19.27	19.45	19.24	20.65	11.86	9.93
Tangible Book Value	2,484	2,505	2,502	2,672	1,042	881.82
Tangible Book Value Per Share	18.12	18.27	18.09	19.32	10.04	8.50
Land	-	73.85	75.17	75.17	20.66	-
Buildings	-	847.21	841.64	764.36	537.3	447.39
Machinery	-	639.73	611.24	580.66	465.35	357
Construction In Progress	-	27.04	89.49	173.31	366.15	180.64

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