SHA:688455 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	281.32	625.88	516.35	264.5	532.33	285.43
Short-Term Investments	-	-	19.85	-	-	-
Trading Asset Securities	369.35	229.67	538.58	864.56	0.74	30.59
Cash & Short-Term Investments	650.67	855.54	1,075	1,129	533.07	316.02
Cash Growth	3.58%	-20.40%	-4.81%	111.80%	68.68%	444.21%
Accounts Receivable	538.57	597.42	461.03	670.62	386.52	346.85
Other Receivables	25.21	42.89	20.67	18.89	0.55	0.37
Receivables	563.78	640.31	481.7	689.5	387.08	347.22
Inventory	1,627	743.51	677.03	494.69	616.12	350.92
Other Current Assets	378.07	106.13	39.92	17.91	59.29	36
Total Current Assets	3,219	2,345	2,273	2,331	1,596	1,050
Property, Plant & Equipment	430.47	399.45	194.35	17.2	21.9	8.51
Other Intangible Assets	44.04	42.92	41.23	17.51	17.94	0.14
Long-Term Deferred Tax Assets	89.85	65.88	40.46	15.65	12.59	9.99
Long-Term Deferred Charges	0.63	0.74	0.9	1.01	-	-
Other Long-Term Assets	85.87	56.73	88.91	142.6	35.56	42.62
Total Assets	3,870	2,911	2,639	2,525	1,684	1,111
Accounts Payable	1,059	735.48	665.61	685.96	697.44	511.05
Accrued Expenses	53.46	51.43	51.48	62.33	34.39	43.85
Short-Term Debt	365.24	220.17	175.14	127.25	108.35	39.68
Current Portion of Long-Term Debt	-	59.86	-	-	-	-
Current Portion of Leases	-	0.99	1.28	4.77	4.99	-
Current Income Taxes Payable	2.73	0	0.14	12.19	10.81	6.21
Current Unearned Revenue	1,249	705.14	490.43	255.17	447.93	243.04
Other Current Liabilities	99.65	38.78	26.42	34.48	24.81	16.55
Total Current Liabilities	2,830	1,812	1,410	1,182	1,329	860.38
Long-Term Debt	167.49	45	-	-	-	-
Long-Term Leases	1.01	0.74	0.96	4.38	8.92	-
Other Long-Term Liabilities	4.9	11.26	9.32	10.56	6.53	8.7
Total Liabilities	3,003	1,869	1,421	1,197	1,344	869.09
Common Stock	180.85	180.85	180.85	180.85	135.64	135.64
Additional Paid-In Capital	906.07	898.22	892.83	888.52	36.52	28.49
Retained Earnings	17.02	76.41	135.04	249.14	160.1	73.51
Treasury Stock	-246.35	-122.72	-	-	-	-
Comprehensive Income & Other	9.6	9.58	9.8	9.54	7.11	4.69
Total Common Equity	867.19	1,042	1,219	1,328	339.37	242.33
Minority Interest	-	-	-	-	-0	-0
Shareholders' Equity	867.19	1,042	1,219	1,328	339.37	242.33
Total Liabilities & Equity	3,870	2,911	2,639	2,525	1,684	1,111
Total Debt	533.75	326.76	177.37	136.4	122.26	39.68
Net Cash (Debt)	116.92	528.78	897.4	992.66	410.8	276.34
Net Cash Growth	-70.38%	-41.08%	-9.60%	141.64%	48.66%	-
Net Cash Per Share	0.73	3.07	4.95	6.69	3.04	2.04
Filing Date Shares Outstanding	157.4	167.35	180.85	180.85	135.64	135.64
Total Common Shares Outstanding	157.4	167.35	180.85	180.85	135.64	135.64
Working Capital	389.73	533.64	862.93	1,149	266.82	189.76
Book Value Per Share	5.51	6.23	6.74	7.34	2.50	1.79
Tangible Book Value	823.15	999.43	1,177	1,311	321.42	242.18
Tangible Book Value Per Share	5.23	5.97	6.51	7.25	2.37	1.79
Buildings	-	267.96	173.05	-	-	-
Machinery	-	18.6	17.61	15.96	12.22	13.68
Construction In Progress	-	125.88	10.85	0.02	-	0.01

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