SHA:688439 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	471.92	432.77	1,259	3,009	237.41	76.84
Trading Asset Securities	1,537	1,600	1,289	-	-	-
Cash & Short-Term Investments	2,009	2,033	2,548	3,009	237.41	76.84
Cash Growth	-8.14%	-20.21%	-15.32%	1167.24%	208.96%	-47.06%
Accounts Receivable	2,105	1,955	1,447	806.73	538.37	401.21
Other Receivables	12.14	9.21	3.18	0	0.9	1.21
Receivables	2,118	1,964	1,450	806.73	539.27	402.42
Inventory	613.26	701.74	696.02	643.21	350.56	153.13
Prepaid Expenses	-	0	1.25	1	1.25	0.15
Other Current Assets	50.73	38.27	42.9	88.98	22.41	7.38
Total Current Assets	4,790	4,737	4,738	4,549	1,151	639.93
Property, Plant & Equipment	613.32	547.83	263.11	142.43	64.67	58.55
Goodwill	3.76	3.76	3.76	3.76	3.76	3.76
Other Intangible Assets	73.55	76.86	19.81	4.82	3.37	3.86
Long-Term Deferred Tax Assets	75.94	63.74	52.03	31.44	14.15	8.51
Long-Term Deferred Charges	6.94	8.47	9.42	13.39	1.1	0.68
Other Long-Term Assets	2.19	44.84	274.39	75.58	31.47	2.85
Total Assets	5,566	5,482	5,360	4,820	1,269	718.13
Accounts Payable	208.91	175.84	347.93	358.75	253.52	113.87
Accrued Expenses	32.36	16.35	26.06	24.12	33.02	23.32
Short-Term Debt	100.07	80	-	-	210.81	75.6
Current Portion of Long-Term Debt	7.49	33.02	44.03	22.01	50.04	90.14
Current Portion of Leases	-	7.2	7.4	6.16	2.06	-
Current Income Taxes Payable	28.86	15.96	29.77	10.98	5.42	11.28
Current Unearned Revenue	0.88	2.66	4.77	7.64	8.94	4.65
Other Current Liabilities	34.62	38.6	19.23	6.35	46.12	78.69
Total Current Liabilities	413.2	369.63	479.19	436.01	609.93	397.56
Long-Term Debt	-	-	33.02	77	-	50
Long-Term Leases	20.73	26.67	11.71	14.64	2.21	-
Long-Term Unearned Revenue	22.25	22.71	13.39	9.41	6.31	6.38
Pension & Post-Retirement Benefits	16.02	16.7	15.73	15.49	16.13	16.2
Long-Term Deferred Tax Liabilities	28.99	30.21	19.7	8.78	4.41	1.78
Other Long-Term Liabilities	15.24	28.44	21.61	15.5	-2.23	5.1
Total Liabilities	516.43	494.36	594.34	576.83	636.77	477.01
Common Stock	200	200	200	200	150	53.29
Additional Paid-In Capital	3,600	3,600	3,584	3,584	362.12	85.2
Retained Earnings	1,185	1,127	945.03	410.22	107.2	101.4
Comprehensive Income & Other	-1.75	-1.75	-0.47	0.06	-0.22	-1.42
Total Common Equity	4,984	4,926	4,729	4,194	619.1	238.47
Minority Interest	65.58	62.28	37.17	49.23	13.57	2.65
Shareholders' Equity	5,050	4,988	4,766	4,243	632.67	241.13
Total Liabilities & Equity	5,566	5,482	5,360	4,820	1,269	718.13
Total Debt	128.3	146.89	96.15	119.81	265.13	215.74
Net Cash (Debt)	1,880	1,886	2,451	2,889	-27.72	-138.9
Net Cash Growth	-8.05%	-23.07%	-15.14%	-	-	-
Net Cash Per Share	9.40	9.43	12.26	17.33	-0.18	-2.61
Filing Date Shares Outstanding	200	200	200	200	150	150
Total Common Shares Outstanding	200	200	200	200	150	53.29
Working Capital	4,377	4,367	4,259	4,112	540.98	242.37
Book Value Per Share	24.92	24.63	23.64	20.97	4.13	4.47
Tangible Book Value	4,907	4,845	4,705	4,185	611.97	230.85
Tangible Book Value Per Share	24.53	24.22	23.53	20.93	4.08	4.33
Buildings	-	135.46	62.69	3.23	3.23	11.03
Machinery	-	358.62	279.94	166.74	125.83	96.8
Construction In Progress	-	176.14	16.12	39.52	0.97	10.68

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