SHA:688501 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	273.6	326.68	350.48	256.16	231.27	155.42
Trading Asset Securities	-	30	10	84	75.95	-
Cash & Short-Term Investments	273.6	356.68	360.48	340.16	307.22	155.42
Cash Growth	-14.46%	-1.06%	5.97%	10.72%	97.68%	13.55%
Accounts Receivable	972.26	967.41	834.86	647.39	614.51	515.57
Other Receivables	38.35	25.07	17.08	16.93	12.59	13.95
Receivables	1,011	992.48	851.94	664.32	627.1	529.52
Inventory	760.49	982.62	399.04	391.3	260.16	239.16
Prepaid Expenses	-	0.19	-	0.27	-	0.35
Other Current Assets	65.33	91.21	19.06	11.96	8.12	10.74
Total Current Assets	2,110	2,423	1,631	1,408	1,203	935.18
Property, Plant & Equipment	349.42	327.57	142.26	129.75	100.57	74.65
Long-Term Investments	-	-	-	-	-	0.06
Goodwill	0.32	0.32	2.31	1.98	-	-
Other Intangible Assets	137.2	133.7	31.24	32.2	32.77	34.32
Long-Term Accounts Receivable	-	100.67	56.71	76.63	58.79	53.47
Long-Term Deferred Tax Assets	28.47	25.58	21.97	18.75	15.23	13.63
Long-Term Deferred Charges	28.14	32.53	14.05	14.9	1.8	0.36
Other Long-Term Assets	181.57	32.29	27.42	5.16	1.92	0.82
Total Assets	2,835	3,076	1,926	1,687	1,414	1,112
Accounts Payable	822.45	626.8	353.84	339.01	160.22	205.17
Accrued Expenses	28.95	237.29	122.15	105.75	103.92	95.57
Short-Term Debt	505.26	532.03	410.06	337.46	312.43	266.93
Current Portion of Long-Term Debt	75.8	0.1	9.23	19.52	-	-
Current Portion of Leases	-	20.17	2.05	2.21	1.7	6.29
Current Income Taxes Payable	10.24	16.75	10.5	9.64	7.17	7.1
Current Unearned Revenue	164.2	185.13	64.55	28.93	36.62	11.36
Other Current Liabilities	42.01	63.16	24.53	6.55	6.11	0.79
Total Current Liabilities	1,649	1,681	996.91	849.07	628.18	593.2
Long-Term Debt	57.91	0.84	-	-	-	-
Long-Term Leases	3.83	383.85	1.62	1.16	3.55	-
Long-Term Unearned Revenue	4.52	5.64	7.66	3.9	4.59	3.14
Long-Term Deferred Tax Liabilities	0.05	0.06	0.06	0.17	0.14	-
Other Long-Term Liabilities	9.94	8.86	9.79	7.52	7.21	6.62
Total Liabilities	1,725	2,081	1,016	861.82	643.66	602.97
Common Stock	124.23	123.07	123.07	94.67	94.67	71
Additional Paid-In Capital	338.89	324.97	313.44	340.52	340.52	163.84
Retained Earnings	601.92	507.31	441.41	364.2	322.72	266.83
Comprehensive Income & Other	3.51	2.43	1.05	0.42	0.2	0.49
Total Common Equity	1,069	957.79	878.97	799.81	758.12	502.17
Minority Interest	41.45	37.39	31.48	25.76	11.89	7.36
Shareholders' Equity	1,110	995.18	910.45	825.57	770.01	509.53
Total Liabilities & Equity	2,835	3,076	1,926	1,687	1,414	1,112
Total Debt	642.8	937	422.96	360.35	317.68	273.22
Net Cash (Debt)	-369.19	-580.32	-62.48	-20.19	-10.45	-117.8
Net Cash Per Share	-3.06	-4.74	-0.50	-0.17	-0.10	-1.27
Filing Date Shares Outstanding	124.23	123.07	123.07	123.07	123.07	92.3
Total Common Shares Outstanding	124.23	123.07	123.07	123.07	123.07	92.3
Working Capital	461.11	741.75	633.62	558.95	574.43	341.98
Book Value Per Share	8.60	7.78	7.14	6.50	6.16	5.44
Tangible Book Value	931.02	823.77	845.42	765.63	725.35	467.85
Tangible Book Value Per Share	7.49	6.69	6.87	6.22	5.89	5.07
Buildings	-	236.67	131.36	125.06	87.59	86.13
Machinery	-	127.65	85.8	66.45	44.76	37.88
Construction In Progress	-	43.23	0.65	0.13	17.41	-

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