SHA:688507 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	1,634	1,901	2,227	169.46	159.43	165.52
Trading Asset Securities	-	-	-	-	30.02	-
Cash & Short-Term Investments	1,634	1,901	2,227	169.46	189.46	165.52
Cash Growth	-17.10%	-14.65%	1214.15%	-10.55%	14.46%	61.39%
Accounts Receivable	657.44	636.95	518.92	342.72	230.98	154.92
Other Receivables	4.8	22.75	20.07	14.44	9.75	3.8
Receivables	662.24	659.7	538.99	357.16	240.73	158.73
Inventory	17.27	17.22	10.53	3.99	3.33	37.04
Prepaid Expenses	-	4.97	1.79	4.48	1.03	0.4
Other Current Assets	41.92	9.2	0.46	7.81	4.77	3.41
Total Current Assets	2,356	2,592	2,779	542.9	439.31	365.09
Property, Plant & Equipment	269.25	203.58	127.18	109.49	97.95	59.06
Long-Term Investments	92.59	80.57	49.77	-	-	-
Goodwill	132.59	63.12	40.72	-	-	-
Other Intangible Assets	54.73	57.16	61.62	45.48	55.29	46.32
Long-Term Accounts Receivable	-	3.26	8.12	14.81	11.17	5.18
Long-Term Deferred Tax Assets	50.15	30.91	16.4	8.21	6.23	10.28
Long-Term Deferred Charges	0.8	0.64	1.17	0.09	0.23	0.36
Other Long-Term Assets	34.37	39.47	3.63	4	-	-
Total Assets	2,990	3,070	3,087	724.98	610.19	486.29
Accounts Payable	75.42	74.28	96.91	79.66	25.45	22.83
Accrued Expenses	9.33	37.39	30.13	27.48	19.62	15.92
Short-Term Debt	10.62	20.78	-	37.29	20.2	25.21
Current Portion of Long-Term Debt	-	-	-	8.2	14.07	14.03
Current Portion of Leases	1.66	6.32	8.4	1.84	1.28	-
Current Income Taxes Payable	15.71	7.83	3.96	5.97	4	0.18
Current Unearned Revenue	9.36	11.4	10.93	0.09	2.88	34.34
Other Current Liabilities	48.69	6.55	6.89	0.68	0.9	35.55
Total Current Liabilities	170.78	164.54	157.21	161.21	88.4	148.05
Long-Term Debt	-	-	-	33.59	24.72	14
Long-Term Leases	1.51	0.96	5.96	2.02	0.09	-
Long-Term Unearned Revenue	1.05	-	2.11	1.57	23.51	20.8
Long-Term Deferred Tax Liabilities	3.07	2.51	1.98	-	-	-
Total Liabilities	176.42	168.01	167.25	198.39	136.71	182.85
Common Stock	89.11	89.11	61.17	31	31	30
Additional Paid-In Capital	2,587	2,581	2,610	323.61	323.61	204.61
Retained Earnings	129.06	237.99	225.28	174	120.23	69.87
Treasury Stock	-50.5	-50.5	-	-	-	-
Comprehensive Income & Other	-2.94	-3.14	-2.74	-2.02	-1.37	-1.04
Total Common Equity	2,751	2,854	2,894	526.59	473.47	303.44
Minority Interest	62.4	48.42	26.22	-	-	-
Shareholders' Equity	2,814	2,902	2,920	526.59	473.47	303.44
Total Liabilities & Equity	2,990	3,070	3,087	724.98	610.19	486.29
Total Debt	13.79	28.05	14.35	82.94	60.35	53.24
Net Cash (Debt)	1,620	1,873	2,213	86.52	129.1	112.28
Net Cash Growth	-16.84%	-15.37%	2457.33%	-32.98%	14.99%	25.83%
Net Cash Per Share	18.37	21.23	26.95	1.29	1.99	1.73
Filing Date Shares Outstanding	88.42	88.42	89.31	89.31	66.98	64.73
Total Common Shares Outstanding	88.42	88.42	89.31	66.98	66.98	64.73
Working Capital	2,185	2,427	2,622	381.69	350.91	217.04
Book Value Per Share	31.12	32.28	32.40	7.86	7.07	4.69
Tangible Book Value	2,564	2,734	2,792	481.11	418.18	257.12
Tangible Book Value Per Share	29.00	30.92	31.26	7.18	6.24	3.97
Buildings	-	149.56	98.33	98.33	98.33	40.6
Machinery	-	17.06	9.58	6.96	6.01	5.74
Construction In Progress	-	52.58	19.94	11.62	-	17.89

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