SHA:688429 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	310.91	504.49	1,068	96.13	90.56	16.88
Trading Asset Securities	368.63	436.52	387.11	594.03	184.4	155.62
Cash & Short-Term Investments	679.53	941.01	1,455	690.16	274.96	172.51
Cash Growth	-23.54%	-35.35%	110.89%	151.00%	59.39%	58.73%
Accounts Receivable	537.45	436.75	597.49	552.54	371.9	226.67
Other Receivables	0.71	1.07	1.46	1.7	3.07	2.35
Receivables	538.17	437.81	598.95	554.24	374.96	229.01
Inventory	162.36	158.27	181.18	233.86	398.54	170.84
Other Current Assets	126.53	100.01	69.63	68.61	60.7	17.24
Total Current Assets	1,507	1,637	2,305	1,547	1,109	589.6
Property, Plant & Equipment	2,743	2,953	871.08	817.04	838.09	149.32
Long-Term Investments	0.23	0.26	0.31	0.32	0.29	0.25
Other Intangible Assets	47.88	51.7	17.17	17.78	18.55	19.29
Long-Term Accounts Receivable	-	0.75	6.27	-	-	-
Long-Term Deferred Tax Assets	214.24	150.91	20.4	16.34	12.47	5.41
Long-Term Deferred Charges	106.22	120.04	5.05	1.3	0.28	-
Other Long-Term Assets	19.65	15.75	191.94	2.58	3.2	28.69
Total Assets	4,638	4,930	3,417	2,402	1,982	792.57
Accounts Payable	717.91	789.08	470.99	513.84	414.81	64.02
Accrued Expenses	21.02	30.63	40.41	44.92	28.93	19.37
Short-Term Debt	402.21	449.21	235.08	-	-	3.52
Current Portion of Long-Term Debt	179.73	85.16	-	-	18.78	-
Current Portion of Leases	-	26.07	2.99	3.2	2.17	-
Current Income Taxes Payable	2.39	0.15	10.18	23.94	10.38	15.87
Current Unearned Revenue	32.34	45.13	49.29	123.99	209.22	128.11
Other Current Liabilities	96.25	40.56	118.97	256.32	134.93	55.17
Total Current Liabilities	1,452	1,466	927.91	966.21	819.23	286.06
Long-Term Debt	74.81	82.7	79.69	-	131.44	-
Long-Term Leases	1,561	1,581	4.62	3.29	1.94	-
Long-Term Unearned Revenue	84.74	94.23	86.18	54.73	7.34	10.14
Long-Term Deferred Tax Liabilities	0.06	0.02	0	1.74	-	0.09
Other Long-Term Liabilities	17.42	22.34	1.6	1.64	1.63	1.28
Total Liabilities	3,190	3,246	1,100	1,028	961.57	297.57
Common Stock	400	400	400	360	360	57.81
Additional Paid-In Capital	1,312	1,262	1,195	470.39	411.5	268.37
Retained Earnings	-202.28	52.12	718.97	542.07	248.97	168.62
Treasury Stock	-66.44	-33.31	-	-	-	-
Total Common Equity	1,443	1,680	2,314	1,372	1,020	494.79
Minority Interest	4.5	3.15	3.22	2.15	-	0.2
Shareholders' Equity	1,448	1,684	2,317	1,375	1,020	494.99
Total Liabilities & Equity	4,638	4,930	3,417	2,402	1,982	792.57
Total Debt	2,218	2,224	322.38	6.49	154.33	3.52
Net Cash (Debt)	-1,538	-1,283	1,133	683.67	120.63	168.99
Net Cash Growth	-	-	65.74%	466.73%	-28.62%	78.69%
Net Cash Per Share	-3.87	-3.22	3.01	1.89	0.34	0.48
Filing Date Shares Outstanding	395.43	397.8	400	400	360	353.58
Total Common Shares Outstanding	395.43	397.8	400	400	360	353.58
Working Capital	54.74	171.13	1,377	580.65	289.93	303.54
Book Value Per Share	3.65	4.22	5.79	3.43	2.83	1.40
Tangible Book Value	1,396	1,629	2,297	1,355	1,002	475.5
Tangible Book Value Per Share	3.53	4.09	5.74	3.39	2.78	1.34
Buildings	-	301.44	293.53	268.79	262.57	71.36
Machinery	-	1,289	739.89	676.57	658.21	88.55
Construction In Progress	-	51.05	90.85	42.16	5.55	42.96

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