SHA:688373 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	368.85	386.26	166.31	151.09	145.52	226.51
Trading Asset Securities	114.86	207.36	786.98	1,119	326.36	410.45
Cash & Short-Term Investments	483.71	593.62	953.3	1,270	471.88	636.96
Cash Growth	-34.66%	-37.73%	-24.95%	169.17%	-25.92%	1110.55%
Accounts Receivable	38.59	31.88	21.98	11.1	1.42	-
Other Receivables	20.73	21.02	0.19	0.34	0	4.93
Receivables	59.31	52.9	22.17	11.44	1.42	4.93
Inventory	46.88	52.94	37.52	21.89	11.01	5.61
Other Current Assets	50.15	49.21	41.27	67.01	25.29	14.5
Total Current Assets	640.05	748.66	1,054	1,371	509.59	662
Property, Plant & Equipment	65.08	75.8	86.21	97.46	122.8	1.02
Other Intangible Assets	1.09	1.68	1.93	2.19	0.84	0.13
Long-Term Deferred Charges	16.81	19.1	21.75	22.68	1.83	2.65
Other Long-Term Assets	3.91	3.89	4.42	4.54	13.48	3.15
Total Assets	726.93	849.13	1,169	1,497	648.54	668.94
Accounts Payable	67.92	26.21	11.13	10.85	1.91	-
Accrued Expenses	25.27	78.63	94.51	37.41	29.45	26.25
Short-Term Debt	15	5	-	48.75	50.08	6.53
Current Portion of Long-Term Debt	158.6	89.23	14.15	10.1	-	-
Current Portion of Leases	-	11.51	10.38	6.47	11.04	-
Current Income Taxes Payable	-	-	4.41	-	-	-
Current Unearned Revenue	-	-	0.13	-	-	-
Other Current Liabilities	9.61	1.71	1.93	1.52	1.71	0.44
Total Current Liabilities	276.41	212.3	136.65	115.11	94.19	33.22
Long-Term Debt	123.8	122.94	114.96	70	-	-
Long-Term Leases	67.42	73.18	81.7	94.89	99.87	-
Long-Term Unearned Revenue	1.75	1.75	1.25	3.1	16.1	15.5
Total Liabilities	469.38	410.16	334.56	283.1	210.17	48.72
Common Stock	655.61	655.61	655.21	655.21	525.21	525.21
Additional Paid-In Capital	1,588	1,571	1,532	1,495	636.77	591.38
Retained Earnings	-1,998	-1,805	-1,364	-942.85	-722.55	-496.28
Comprehensive Income & Other	11.96	17.08	10.91	7.19	-1.06	-0.09
Shareholders' Equity	257.55	438.96	834	1,214	438.37	620.23
Total Liabilities & Equity	726.93	849.13	1,169	1,497	648.54	668.94
Total Debt	364.82	301.86	221.19	230.21	160.99	6.53
Net Cash (Debt)	118.89	291.76	732.11	1,040	310.88	630.43
Net Cash Growth	-72.75%	-60.15%	-29.60%	234.52%	-50.69%	-
Net Cash Per Share	0.18	0.45	1.12	1.79	0.59	2.47
Filing Date Shares Outstanding	655.61	655.61	655.21	655.21	525.21	525.21
Total Common Shares Outstanding	655.61	655.61	655.21	655.21	525.21	525.21
Working Capital	363.63	536.37	917.61	1,255	415.39	628.78
Book Value Per Share	0.39	0.67	1.27	1.85	0.83	1.18
Tangible Book Value	256.46	437.28	832.07	1,212	437.53	620.09
Tangible Book Value Per Share	0.39	0.67	1.27	1.85	0.83	1.18
Machinery	-	14.41	14.18	11.75	6.01	3.85
Construction In Progress	-	-	-	-	15.65	0.35

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