SHA:688425 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	2,366	2,327	1,087	2,154	2,606	1,332
Cash & Short-Term Investments	2,366	2,327	1,087	2,154	2,606	1,332
Cash Growth	30.63%	114.15%	-49.56%	-17.33%	95.65%	-43.73%
Accounts Receivable	8,568	8,618	9,037	8,189	8,040	6,365
Other Receivables	68.66	45.51	37.85	51.83	43.43	32.75
Receivables	8,636	8,663	9,075	8,241	8,084	6,398
Inventory	6,481	5,327	4,590	4,531	3,484	2,262
Prepaid Expenses	29.86	-	-	-	-	-
Other Current Assets	140.26	191.61	146.98	175.87	162.76	123.5
Total Current Assets	17,654	16,508	14,898	15,101	14,336	10,115
Property, Plant & Equipment	6,345	6,905	7,304	5,585	5,462	4,337
Long-Term Investments	2,398	2,221	2,168	2,010	1,769	1,644
Other Intangible Assets	916.91	936.29	949.08	969.94	990.84	746.16
Long-Term Deferred Tax Assets	82.32	76.39	77.58	85.93	86.98	83.52
Long-Term Deferred Charges	2.67	2.44	-	-	-	-
Other Long-Term Assets	36.24	62.2	44.38	34.3	20.98	134.99
Total Assets	27,434	26,712	25,441	23,787	22,666	17,060
Accounts Payable	6,316	5,589	6,071	5,608	5,598	5,150
Accrued Expenses	0	120.12	82.23	55.83	95.67	124.31
Short-Term Debt	-	12.17	239.33	-	-	1,632
Current Portion of Long-Term Debt	638.64	260.4	486.2	155	165	250
Current Portion of Leases	-	1.07	2.51	3.27	7.41	4.98
Current Income Taxes Payable	14.17	54.33	5.51	14.21	62.96	39.33
Current Unearned Revenue	1,051	1,302	806.66	1,070	1,060	728
Other Current Liabilities	187.29	216.54	57.04	70.61	80.67	196.94
Total Current Liabilities	8,207	7,556	7,751	6,977	7,070	8,125
Long-Term Debt	1,043	1,486	1,013	1,094	1,131	300
Long-Term Leases	0.02	0.02	2.79	4.58	4.44	2.51
Long-Term Unearned Revenue	38.3	69.82	86.2	167.24	237.79	303.83
Pension & Post-Retirement Benefits	-	-	0.05	0.17	0.49	0.57
Long-Term Deferred Tax Liabilities	-	-	8.51	8.68	-	-
Other Long-Term Liabilities	18.4	23	25	27	29	31
Total Liabilities	9,306	9,135	8,886	8,279	8,473	8,763
Common Stock	5,333	5,333	5,333	5,333	5,333	3,856
Additional Paid-In Capital	4,078	4,078	4,078	4,078	4,078	1,395
Retained Earnings	8,692	8,141	7,113	6,074	4,753	3,017
Comprehensive Income & Other	2.61	2.77	8.16	-0.21	7.16	7.96
Total Common Equity	18,106	17,556	16,533	15,486	14,172	8,276
Minority Interest	21.31	21.29	21.51	21.14	21.06	20.84
Shareholders' Equity	18,128	17,577	16,555	15,507	14,193	8,297
Total Liabilities & Equity	27,434	26,712	25,441	23,787	22,666	17,060
Total Debt	1,681	1,760	1,744	1,257	1,308	2,189
Net Cash (Debt)	684.51	567.31	-657.32	897.17	1,298	-857.33
Net Cash Growth	-	-	-	-30.89%	-	-
Net Cash Per Share	0.13	0.11	-0.12	0.17	0.28	-0.22
Filing Date Shares Outstanding	5,333	5,333	5,333	5,333	5,333	3,856
Total Common Shares Outstanding	5,333	5,333	5,333	5,333	5,333	3,856
Working Capital	9,447	8,953	7,147	8,124	7,266	1,990
Book Value Per Share	3.39	3.29	3.10	2.90	2.66	2.15
Tangible Book Value	17,189	16,620	15,584	14,516	13,181	7,530
Tangible Book Value Per Share	3.22	3.12	2.92	2.72	2.47	1.95
Buildings	-	2,397	2,373	6,108	1,931	1,921
Machinery	-	7,098	7,160	1,384	4,818	3,519
Construction In Progress	-	223.73	219.81	297.83	235.52	31.05

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