SHA:688398 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	213.14	114.9	219.22	191.77	197.42	238.18
Short-Term Investments	-	-	-	-	-	140
Trading Asset Securities	1.39	165.61	311.55	20.08	70.4	0.24
Cash & Short-Term Investments	214.53	280.51	530.77	211.85	267.82	378.42
Cash Growth	-46.40%	-47.15%	150.55%	-20.90%	-29.23%	660.66%
Accounts Receivable	469.79	423.92	409.08	267.17	218.07	219.9
Other Receivables	7.16	10.98	22.14	8.33	6.95	4.22
Receivables	476.95	434.89	431.22	275.5	225.01	224.12
Inventory	155.41	141.49	89.03	99.98	131.08	73.62
Prepaid Expenses	-	-	0.14	1.53	-	-
Other Current Assets	56.06	57.83	31.09	36.25	41.19	31.03
Total Current Assets	902.95	914.72	1,082	625.1	665.11	707.19
Property, Plant & Equipment	1,038	947.97	685.51	424.05	396	314.99
Other Intangible Assets	76.79	67.91	67.85	69.46	57.68	24.87
Long-Term Deferred Tax Assets	38.4	31.52	17.85	12.27	10.7	10.1
Long-Term Deferred Charges	21.11	19.36	18.35	20.21	20.67	7.61
Other Long-Term Assets	13.69	16.43	10.18	14.37	12.09	4.96
Total Assets	2,091	1,998	1,882	1,165	1,162	1,070
Accounts Payable	247.96	202.17	200.92	106.29	122.64	123.45
Accrued Expenses	17.48	34.33	28.35	26.91	27.74	17.79
Short-Term Debt	50	-	5	-	-	-
Current Portion of Long-Term Debt	85.41	100.66	0.33	10.02	10.02	10.03
Current Portion of Leases	-	-	-	-	0.16	-
Current Income Taxes Payable	9.78	8.13	9.09	5.88	8.54	7.13
Current Unearned Revenue	0.83	1.05	1.69	5.12	2.01	5.13
Other Current Liabilities	15.61	46.24	44.04	33.79	41.43	28.63
Total Current Liabilities	427.05	392.58	289.42	188	212.53	192.16
Long-Term Debt	488.78	442.51	418.8	10	10	20
Long-Term Unearned Revenue	27.2	25.22	26.67	28.13	29.68	31.44
Long-Term Deferred Tax Liabilities	-	-	-	0.01	0.06	0.04
Total Liabilities	944.51	860.31	734.89	226.15	252.28	243.64
Common Stock	167.81	167.81	116	80	80	80
Additional Paid-In Capital	368.27	368.26	426.52	457.52	456.06	455.25
Retained Earnings	519.39	510.64	487.88	401.78	373.92	289.15
Treasury Stock	-25.79	-25.79	-	-	-	-
Comprehensive Income & Other	116.67	116.67	116.68	-	-	-
Total Common Equity	1,146	1,138	1,147	939.31	909.98	824.4
Minority Interest	-	-	-	-	-	1.68
Shareholders' Equity	1,146	1,138	1,147	939.31	909.98	826.09
Total Liabilities & Equity	2,091	1,998	1,882	1,165	1,162	1,070
Total Debt	625.66	543.17	424.12	20.02	20.17	30.03
Net Cash (Debt)	-411.13	-262.66	106.65	191.83	247.65	348.39
Net Cash Growth	-	-	-44.41%	-22.54%	-28.92%	3882.11%
Net Cash Per Share	-2.42	-1.57	0.63	1.14	1.47	2.17
Filing Date Shares Outstanding	166.95	166.95	168.2	168.2	168.2	168.2
Total Common Shares Outstanding	166.95	166.95	168.2	168.2	168.2	168.2
Working Capital	475.89	522.14	792.82	437.09	452.58	515.03
Book Value Per Share	6.87	6.81	6.82	5.58	5.41	4.90
Tangible Book Value	1,070	1,070	1,079	869.85	852.3	799.54
Tangible Book Value Per Share	6.41	6.41	6.42	5.17	5.07	4.75
Buildings	-	482.33	236.34	236.42	236.59	150.95
Machinery	-	415.24	315.46	269.15	193.05	141.01
Construction In Progress	-	253.83	294.86	45.29	64.28	109.03

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