SHA:688484 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	1,689	1,888	2,877	844.36	485.33	296.01
Trading Asset Securities	531.79	1,053	-	146.76	-	-
Cash & Short-Term Investments	2,221	2,941	2,877	991.12	485.33	296.01
Cash Growth	-22.99%	2.24%	190.26%	104.22%	63.96%	268.00%
Accounts Receivable	359.29	199.93	207.2	101.04	186.57	25.19
Other Receivables	330.27	307.35	435.03	0.91	0.57	-
Receivables	689.56	507.28	642.23	101.95	187.14	25.19
Inventory	796	613.56	525.38	335.58	215.54	27.75
Other Current Assets	72.75	40.14	61.12	770.65	97.41	25.49
Total Current Assets	3,779	4,102	4,106	2,199	985.41	374.43
Property, Plant & Equipment	406.45	393.26	337.49	70.29	59.29	3.59
Long-Term Investments	351.51	114.8	3	3	7.91	5.59
Other Intangible Assets	43.32	9.6	7.39	8.92	6.98	2.39
Long-Term Deferred Tax Assets	4.41	3.18	0.01	4.89	-	-
Long-Term Deferred Charges	10.98	7.54	7.45	17.64	-	-
Other Long-Term Assets	63.17	7.52	0.95	0.28	0.71	1.19
Total Assets	4,832	4,638	4,462	2,304	1,060	387.18
Accounts Payable	496.62	406.79	558.32	787.35	10.69	4.85
Accrued Expenses	121.13	214.68	156.76	84.79	70.99	23.03
Short-Term Debt	-	-	-	301.09	10.01	6.01
Current Portion of Leases	6.49	5.39	7.21	13.48	8.68	-
Current Income Taxes Payable	6.3	0.04	0.04	-	-	-
Current Unearned Revenue	3.34	1.64	3.65	0.97	0.85	1.57
Other Current Liabilities	63.47	59.18	28.64	29.52	29.59	4.88
Total Current Liabilities	697.34	687.72	754.62	1,217	130.8	40.35
Long-Term Leases	20.44	8.23	2.59	12.08	15.3	-
Long-Term Unearned Revenue	26.67	14.22	5.61	0.8	0.4	-
Long-Term Deferred Tax Liabilities	0.44	0.15	-	-	-	-
Total Liabilities	751.22	710.32	762.82	1,230	146.5	40.35
Common Stock	425.7	425.46	423.53	360	360	4.45
Additional Paid-In Capital	2,969	2,913	2,783	400.11	385.89	399.44
Retained Earnings	743.3	636.92	490.79	314.14	167.93	-57.02
Treasury Stock	-53.41	-50.01	-	-	-	-
Comprehensive Income & Other	-0.15	2.07	1.94	-	-0.01	-0.04
Total Common Equity	4,084	3,928	3,699	1,074	913.8	346.84
Minority Interest	-2.98	-0.15	-	-	-	-
Shareholders' Equity	4,081	3,928	3,699	1,074	913.8	346.84
Total Liabilities & Equity	4,832	4,638	4,462	2,304	1,060	387.18
Total Debt	26.93	13.62	9.8	326.65	33.99	6.01
Net Cash (Debt)	2,194	2,928	2,867	664.47	451.34	290
Net Cash Growth	-23.64%	2.11%	331.48%	47.22%	55.63%	281.92%
Net Cash Per Share	5.06	6.87	6.91	1.84	1.31	-
Filing Date Shares Outstanding	423.95	423.7	423.53	360	360	-
Total Common Shares Outstanding	423.95	423.8	423.53	360	360	-
Working Capital	3,082	3,414	3,351	982.12	854.6	334.08
Book Value Per Share	9.63	9.27	8.73	2.98	2.54	-
Tangible Book Value	3,867	3,918	3,692	1,065	906.82	344.45
Tangible Book Value Per Share	9.12	9.25	8.72	2.96	2.52	-
Buildings	-	288.6	275.93	-	-	-
Machinery	-	112.55	74.16	55.99	42.09	7.14
Construction In Progress	-	25.8	0.78	3.5	0.58	0.14

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