SHA:688448 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	389.16	502.57	503.94	617.44	73.07	92.02
Cash & Short-Term Investments	389.16	502.57	503.94	617.44	73.07	92.02
Cash Growth	-18.67%	-0.27%	-18.38%	745.04%	-20.60%	66.27%
Accounts Receivable	352.76	374.76	340.85	279.49	219.37	167.45
Other Receivables	4.87	0.03	0.05	2.66	1.18	1.23
Receivables	357.62	374.79	340.9	282.15	220.55	168.67
Inventory	238.21	208.67	235.29	176.64	144.07	100.6
Prepaid Expenses	8.09	0.39	0.01	0.01	-	-
Other Current Assets	12.81	5.67	6.76	2.61	3.24	2.35
Total Current Assets	1,006	1,092	1,087	1,079	440.92	363.65
Property, Plant & Equipment	369.92	300	248.15	155.36	159.95	153.46
Other Intangible Assets	20.61	21.44	22.6	13.54	14.54	14.18
Long-Term Deferred Tax Assets	16.79	13.78	11.54	8.25	7.95	9.07
Long-Term Deferred Charges	0.49	0.93	1.53	2.12	1.91	-
Other Long-Term Assets	13.66	6.26	6.43	7.03	10.16	7.81
Total Assets	1,427	1,435	1,377	1,265	635.42	548.16
Accounts Payable	265.23	258.99	280.89	195.07	129.72	100.45
Accrued Expenses	2.88	16.52	10.04	10.37	8.14	10.05
Short-Term Debt	-	1.21	3.93	-	18.52	1.5
Current Portion of Long-Term Debt	-	-	-	-	-	11.45
Current Portion of Leases	0.88	1.41	1.06	0.52	1.76	-
Current Income Taxes Payable	1.05	6.28	5.42	1.74	3.98	5.27
Current Unearned Revenue	74.67	38.09	45.26	35.47	36.11	30.45
Other Current Liabilities	42.93	62.02	40.21	52.07	35.29	31.99
Total Current Liabilities	387.65	384.52	386.81	295.24	233.52	191.17
Long-Term Debt	-	-	-	-	-	12.15
Long-Term Leases	0.33	1.06	1.68	2.74	6.83	-
Long-Term Unearned Revenue	24.46	23.15	27.22	26.46	33.94	46.12
Long-Term Deferred Tax Liabilities	0.41	0.48	0.59	0.7	0.01	0.01
Total Liabilities	412.84	409.21	416.31	325.14	274.3	249.45
Common Stock	71.65	71.65	71.26	71.26	53.45	53.45
Additional Paid-In Capital	730.19	730.1	713.9	709.05	195.64	192.98
Retained Earnings	214.67	227.18	175.68	159.68	112.05	52.29
Treasury Stock	-4.81	-4.81	-	-	-	-
Total Common Equity	1,012	1,024	960.84	939.99	361.13	298.71
Minority Interest	2.83	1.18	-	-	-	-
Shareholders' Equity	1,015	1,025	960.84	939.99	361.13	298.71
Total Liabilities & Equity	1,427	1,435	1,377	1,265	635.42	548.16
Total Debt	1.21	3.68	6.67	3.26	27.1	25.11
Net Cash (Debt)	387.95	498.89	497.27	614.18	45.96	66.92
Net Cash Growth	-18.64%	0.33%	-19.04%	1236.24%	-31.31%	-
Net Cash Per Share	5.20	6.97	6.93	10.57	0.86	1.30
Filing Date Shares Outstanding	71.5	71.5	71.26	71.26	53.45	53.45
Total Common Shares Outstanding	71.5	71.5	71.26	71.26	53.45	53.45
Working Capital	618.25	707.57	700.09	783.61	207.41	172.48
Book Value Per Share	14.15	14.32	13.48	13.19	6.76	5.59
Tangible Book Value	991.09	1,003	938.24	926.46	346.58	284.54
Tangible Book Value Per Share	13.86	14.02	13.17	13.00	6.48	5.32
Buildings	-	136.92	136.92	136.92	136.92	136.92
Machinery	-	58.24	55.5	48.59	38.74	31.25
Construction In Progress	-	157.38	97.57	0.76	0.43	-

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