SHA:688409 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	758.43	1,275	1,579	1,989	346.63	315.73
Trading Asset Securities	-	10.17	501.12	1,153	-	-
Cash & Short-Term Investments	758.43	1,285	2,080	3,142	346.63	315.73
Cash Growth	-40.64%	-38.22%	-33.81%	806.51%	9.79%	461.36%
Accounts Receivable	1,812	1,283	903.93	581.98	348.11	132.15
Other Receivables	6.27	16.86	16.33	15.39	6.91	8.49
Receivables	1,818	1,300	920.26	597.37	355.02	140.64
Inventory	971.49	899.86	905.98	533.18	255.66	134.71
Other Current Assets	238.57	245.39	170.75	144.27	39.17	15.1
Total Current Assets	3,786	3,730	4,077	4,417	996.48	606.18
Property, Plant & Equipment	3,955	3,961	2,722	1,905	1,118	526.62
Long-Term Investments	775.84	281.34	249.88	14.33	6.26	10.26
Other Intangible Assets	160.01	153.71	144.91	139.01	135.86	73.32
Long-Term Accounts Receivable	-	0.75	-	-	-	-
Long-Term Deferred Tax Assets	84.82	76.58	32.25	23.03	17.14	10.61
Long-Term Deferred Charges	4.7	4.86	3.8	4.44	-	1.49
Other Long-Term Assets	259.44	148.16	360.34	137.51	212.68	230.67
Total Assets	9,026	8,357	7,590	6,640	2,487	1,459
Accounts Payable	1,020	1,111	863.19	605.11	374.67	116.4
Accrued Expenses	67.19	70.19	47.47	44.17	18.02	10.45
Short-Term Debt	624.78	225.34	75.97	65.33	175.94	65.83
Current Portion of Long-Term Debt	243.04	209.47	99.94	13.41	0.47	-
Current Portion of Leases	-	10.2	7.83	1.96	2.97	-
Current Income Taxes Payable	28.08	15.58	8.86	0.16	0.2	6.21
Current Unearned Revenue	3.58	8.28	12.18	11.61	19.03	0.07
Other Current Liabilities	113.66	65.49	72.95	102.88	45.97	42.16
Total Current Liabilities	2,100	1,715	1,188	844.64	637.27	241.11
Long-Term Debt	1,691	1,478	1,072	519.48	355.06	60
Long-Term Leases	50.58	52.27	50.15	11.84	9.46	-
Long-Term Unearned Revenue	431.78	375.29	432.45	420.21	373.76	241.1
Long-Term Deferred Tax Liabilities	15.97	13.67	13.7	6.91	-	-
Other Long-Term Liabilities	23.57	22.72	73.08	69.16	16.98	-
Total Liabilities	4,313	3,658	2,830	1,872	1,393	542.21
Common Stock	306.21	308.03	209.05	209.05	156.79	156.79
Additional Paid-In Capital	3,918	4,028	4,057	4,024	725.18	720.1
Retained Earnings	464.81	473	434.29	411.94	166.73	40.24
Treasury Stock	-84.42	-221.57	-133.83	-	-	-
Comprehensive Income & Other	-1.23	1.19	-1.81	-0.03	-0.6	-0.2
Total Common Equity	4,604	4,588	4,565	4,644	1,048	916.94
Minority Interest	110.03	110.86	195.03	123.75	45.96	-
Shareholders' Equity	4,714	4,699	4,760	4,768	1,094	916.94
Total Liabilities & Equity	9,026	8,357	7,590	6,640	2,487	1,459
Total Debt	2,609	1,976	1,306	612.02	543.9	125.83
Net Cash (Debt)	-1,851	-690.85	773.71	2,530	-197.26	189.9
Net Cash Growth	-	-	-69.42%	-	-	-
Net Cash Per Share	-6.10	-2.69	2.51	10.10	-0.85	0.89
Filing Date Shares Outstanding	323.28	304.54	305.17	309.4	232.05	232.05
Total Common Shares Outstanding	323.28	304.54	306.87	309.4	232.05	232.05
Working Capital	1,686	2,015	2,888	3,572	359.21	365.06
Book Value Per Share	14.24	15.07	14.88	15.01	4.52	3.95
Tangible Book Value	4,444	4,434	4,420	4,505	912.24	843.62
Tangible Book Value Per Share	13.75	14.56	14.40	14.56	3.93	3.64
Buildings	-	1,663	957.88	363.06	353.86	174.42
Machinery	-	2,359	1,715	1,032	650.07	449.24
Construction In Progress	-	599.23	461.03	813.71	332.43	73.69

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