SHA:688512 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	770.7	830.61	897.71	676.23	912.07	117.31
Short-Term Investments	-	-	-	-	252.84	13.1
Trading Asset Securities	-	10.5	50.06	-	25.06	2.85
Cash & Short-Term Investments	770.7	841.11	947.78	676.23	1,190	133.26
Cash Growth	-8.71%	-11.25%	40.16%	-43.17%	792.94%	-
Accounts Receivable	119.55	106.49	23.5	7.26	1.01	1.05
Other Receivables	2.32	2.92	3.56	1.56	1.72	1.13
Receivables	121.86	109.41	27.06	8.82	2.73	2.18
Inventory	551.17	430.84	451.53	489.64	334.1	55.59
Other Current Assets	138.73	104.61	102.57	120	59.11	17.22
Total Current Assets	1,582	1,486	1,529	1,295	1,586	208.26
Property, Plant & Equipment	178.38	157.82	101.92	43.57	46.92	12.61
Long-Term Investments	408.35	410.42	509.68	2	2	1
Other Intangible Assets	128.32	131.21	135.29	141.33	7.44	-
Long-Term Deferred Tax Assets	2.12	2.25	61.2	62.27	29.95	17.12
Long-Term Deferred Charges	3.9	5.51	0.59	2.82	3.83	3.44
Other Long-Term Assets	1.76	18.5	55.29	44.85	56.82	0.39
Total Assets	2,305	2,212	2,393	1,592	1,733	242.83
Accounts Payable	143.16	65.6	21.85	7.37	19.68	19.48
Accrued Expenses	15.25	64.04	61.52	50.41	39.42	35.13
Short-Term Debt	282.36	83.65	-	-	-	-
Current Portion of Leases	8.6	8.62	5.85	6.54	9.98	-
Current Income Taxes Payable	1.91	-	-	-	0.01	0.01
Current Unearned Revenue	0.37	0.02	4.28	6.97	2.85	2.79
Other Current Liabilities	1.38	29.92	13.47	9.31	11.16	5.63
Total Current Liabilities	453.03	251.85	106.98	80.61	83.12	63.04
Long-Term Debt	86.87	52.27	-	-	-	-
Long-Term Leases	22.39	26.43	33.91	3.02	7.6	-
Long-Term Unearned Revenue	10.82	74.82	80.27	82.37	81.39	83.9
Total Liabilities	573.11	405.37	221.17	166	172.11	146.94
Common Stock	466.84	460.76	455.2	398.21	398.21	53.24
Additional Paid-In Capital	2,787	2,745	2,677	1,580	1,410	726.42
Retained Earnings	-1,522	-1,399	-960.95	-552.44	-247.53	-683.77
Shareholders' Equity	1,732	1,806	2,172	1,426	1,561	95.89
Total Liabilities & Equity	2,305	2,212	2,393	1,592	1,733	242.83
Total Debt	400.22	170.96	39.77	9.56	17.59	-
Net Cash (Debt)	370.48	670.15	908.01	666.67	1,172	133.26
Net Cash Growth	-47.11%	-26.20%	36.20%	-43.13%	779.75%	-
Net Cash Per Share	0.80	1.47	2.11	1.68	3.04	-
Filing Date Shares Outstanding	466.84	460.76	455.2	398.21	386.05	-
Total Common Shares Outstanding	466.84	460.76	455.2	398.21	386.05	-
Working Capital	1,129	1,234	1,422	1,214	1,503	145.23
Book Value Per Share	3.71	3.92	4.77	3.58	4.04	-
Tangible Book Value	1,604	1,675	2,036	1,284	1,553	95.89
Tangible Book Value Per Share	3.44	3.64	4.47	3.22	4.02	-
Machinery	-	109.79	87.11	61.8	45.8	22.46
Construction In Progress	-	78.23	16.79	0.29	-	-

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