SHA:688496 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	164.12	93.56	429.12	897.02	172.36	222.99
Short-Term Investments	-	-	-	1.48	-	0.93
Trading Asset Securities	158.65	236.37	75.09	-	-	-
Cash & Short-Term Investments	322.77	329.93	504.21	898.5	172.36	223.92
Cash Growth	-2.85%	-34.56%	-43.88%	421.30%	-23.03%	28.69%
Accounts Receivable	256.17	237.06	170.88	262.43	185.22	119.41
Other Receivables	0.84	58.68	28.72	51.96	57.43	9.93
Receivables	257.02	295.74	199.6	314.4	242.65	129.33
Inventory	297.45	275.66	391	292.53	231.12	112.66
Prepaid Expenses	-	-	-	4.38	-	-
Other Current Assets	72.71	7.97	29.17	47.29	65.83	67.38
Total Current Assets	949.95	909.31	1,124	1,557	711.95	533.3
Property, Plant & Equipment	663.95	683.87	656.46	586.14	567.78	506.13
Long-Term Investments	38.73	38.73	38.73	49.9	44.31	24.43
Other Intangible Assets	30.86	32.04	32.2	30.07	29.73	35.46
Long-Term Deferred Tax Assets	49.63	52.87	50.88	43.22	31.62	17.05
Long-Term Deferred Charges	45.27	53.72	61.21	52.74	46.99	6.5
Other Long-Term Assets	50.61	51.91	58.52	98.68	98.54	57.16
Total Assets	1,829	1,822	2,022	2,418	1,531	1,180
Accounts Payable	118.48	176.13	170	191.74	174.07	177.34
Accrued Expenses	17.83	23.45	21.05	46.47	31.46	20.9
Short-Term Debt	246.2	230.82	314.03	448.6	390.53	210.26
Current Portion of Long-Term Debt	47.82	18.43	41.5	27.61	58.68	4.16
Current Portion of Leases	-	8.34	5.94	4.41	3.02	-
Current Income Taxes Payable	1.98	0.01	0.22	3.73	5.47	10.23
Current Unearned Revenue	86.5	5.64	5.39	6.56	3.51	7.63
Other Current Liabilities	56.75	11.86	2.88	4.91	5.07	17.67
Total Current Liabilities	575.56	474.68	561.01	734.02	671.82	448.19
Long-Term Debt	71.83	99.79	118.2	167.46	137.38	116
Long-Term Leases	14.57	18.12	18.69	21.85	25.29	-
Long-Term Unearned Revenue	58.82	52.95	53.44	52.18	48.91	32.07
Long-Term Deferred Tax Liabilities	5.06	5.06	5.08	5.11	4.17	1.12
Other Long-Term Liabilities	5.98	5.01	2.68	1.59	1.61	3.13
Total Liabilities	731.82	655.6	759.11	982.2	889.17	600.51
Common Stock	450	450	450	450	360	360
Additional Paid-In Capital	645.8	645.8	667.21	667.21	22.26	22.26
Retained Earnings	-131.83	-88.48	-18.98	128.65	72.92	38.84
Treasury Stock	-12.99	-4	-	-	-	-
Comprehensive Income & Other	28.67	28.67	28.67	28.67	23.63	6.37
Total Common Equity	979.64	1,032	1,127	1,275	478.81	427.47
Minority Interest	117.53	134.86	135.95	161.11	162.95	152.06
Shareholders' Equity	1,097	1,167	1,263	1,436	641.76	579.54
Total Liabilities & Equity	1,829	1,822	2,022	2,418	1,531	1,180
Total Debt	380.42	375.49	498.36	669.93	614.91	330.42
Net Cash (Debt)	-57.65	-45.56	5.85	228.57	-442.55	-106.49
Net Cash Growth	-	-	-97.44%	-	-	-
Net Cash Per Share	-0.13	-0.10	0.01	0.63	-1.23	-0.29
Filing Date Shares Outstanding	448.37	449.5	450	450	360	360
Total Common Shares Outstanding	448.37	449.5	450	450	360	360
Working Capital	374.39	434.63	562.97	823.08	40.13	85.11
Book Value Per Share	2.18	2.30	2.50	2.83	1.33	1.19
Tangible Book Value	948.78	999.95	1,095	1,244	449.07	392.01
Tangible Book Value Per Share	2.12	2.22	2.43	2.77	1.25	1.09
Buildings	-	224.92	215.84	173.07	176.3	-
Machinery	-	428.03	377.31	322.42	254.87	-
Construction In Progress	-	243.89	246.98	239.54	259.65	-

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