SHA:688399 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	294.69	810.63	1,769	1,792	1,287	1,139
Short-Term Investments	-	30.56	-	-	-	-
Trading Asset Securities	1,359	1,138	694.81	1,015	623.33	298.22
Cash & Short-Term Investments	1,653	1,979	2,464	2,807	1,911	1,437
Cash Growth	-20.30%	-19.69%	-12.22%	46.90%	32.97%	73.26%
Accounts Receivable	51.29	53.89	108.71	610	343.63	159.84
Other Receivables	4.98	21.33	26.03	26.31	9.62	4.96
Receivables	56.27	75.23	134.74	636.31	353.25	164.81
Inventory	53.15	67.04	93.86	236.26	250.35	162.86
Prepaid Expenses	-	-	-	-	0.27	0.88
Other Current Assets	26.67	17.98	17	29.5	24.19	14.31
Total Current Assets	1,789	2,139	2,710	3,709	2,539	1,780
Property, Plant & Equipment	603.94	577.23	614.61	731.7	714.97	322.52
Long-Term Investments	318.96	224.15	112.64	116.28	122.9	96.31
Other Intangible Assets	25.74	27.45	29.88	27.41	26.82	26.59
Long-Term Deferred Tax Assets	71.04	75.01	80.39	91.63	19.27	15.08
Long-Term Deferred Charges	22.07	34.58	55.12	74.23	54.32	25.59
Other Long-Term Assets	817.56	662.23	303.99	140.6	22.18	11.72
Total Assets	3,649	3,740	3,906	4,891	3,499	2,278
Accounts Payable	32.76	17.56	29.17	327.8	132.5	79.22
Accrued Expenses	16.87	54.9	89.57	242.53	197.69	195.91
Short-Term Debt	414.45	227.69	156.94	84.89	150	50.05
Current Portion of Leases	4.13	5.64	7.82	8.38	7.32	-
Current Income Taxes Payable	3.35	0	0	85.37	32.51	47.28
Current Unearned Revenue	19.82	38.76	14.46	38.39	66.21	50.19
Other Current Liabilities	47.89	23.27	65.9	145.24	269.4	99.79
Total Current Liabilities	539.27	367.82	363.87	932.6	855.63	522.45
Long-Term Leases	4.34	7.22	8.7	10.52	6.9	-
Long-Term Unearned Revenue	55.43	64.28	78.24	90.82	86.82	90.25
Long-Term Deferred Tax Liabilities	-	-	0	16.24	3.53	0.48
Other Long-Term Liabilities	50	50	50.5	62.68	10	-
Total Liabilities	681.04	489.32	501.31	1,113	962.89	613.18
Common Stock	83.87	56.67	58.62	58.62	58.62	58.62
Additional Paid-In Capital	633.88	661.06	806.6	805.83	805.83	804.68
Retained Earnings	2,256	2,538	2,540	2,914	1,672	801.19
Comprehensive Income & Other	-6.04	-4.98	-	-	-	-
Shareholders' Equity	2,968	3,251	3,405	3,778	2,536	1,664
Total Liabilities & Equity	3,649	3,740	3,906	4,891	3,499	2,278
Total Debt	454.93	240.55	173.46	103.79	164.23	50.05
Net Cash (Debt)	1,198	1,738	2,291	2,703	1,747	1,387
Net Cash Growth	-31.44%	-24.11%	-15.26%	54.77%	25.93%	67.22%
Net Cash Per Share	13.01	17.63	26.42	31.16	20.14	15.99
Filing Date Shares Outstanding	83.87	83.87	86.76	86.76	86.76	86.76
Total Common Shares Outstanding	83.87	83.87	86.76	86.76	86.76	86.76
Working Capital	1,250	1,771	2,346	2,777	1,683	1,257
Book Value Per Share	35.38	38.76	39.25	43.55	29.24	19.19
Tangible Book Value	2,942	3,223	3,375	3,751	2,510	1,638
Tangible Book Value Per Share	35.08	38.43	38.90	43.23	28.93	18.88
Buildings	-	553.68	551.68	537.05	506.36	-
Machinery	-	237.44	236.62	313.41	263.97	145.23
Construction In Progress	-	4.94	1.53	16.99	20.72	238.63

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