SHA:688521 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	1,222	746.94	688.78	765.38	1,091	209.71
Trading Asset Securities	912.91	112.28	400.13	100.38	713.8	1,688
Cash & Short-Term Investments	2,135	859.21	1,089	865.76	1,805	1,898
Cash Growth	160.59%	-21.09%	25.77%	-52.03%	-4.90%	290.14%
Accounts Receivable	1,479	1,209	1,180	1,226	857.6	555.88
Other Receivables	1.61	1.59	4.84	2.96	16.76	17.14
Receivables	1,481	1,210	1,185	1,229	874.36	573.02
Inventory	499.58	395.51	278.62	422.53	133.43	83.47
Prepaid Expenses	-	4.19	4.54	4.47	5.79	-
Other Current Assets	337.05	169.1	160.79	285.3	180	55.11
Total Current Assets	4,453	2,638	2,718	2,807	2,998	2,609
Property, Plant & Equipment	805.54	799.54	555.47	573.47	108.72	51.53
Long-Term Investments	185.23	202.12	204.69	241.92	198.19	95.24
Goodwill	179.61	181.67	179.05	176.11	161.47	165.18
Other Intangible Assets	458.21	523.52	396.54	274.55	247.92	168.46
Long-Term Deferred Charges	60.98	30.98	31.1	125.88	138.43	103.29
Other Long-Term Assets	336.91	253.83	321.6	227.02	5.27	2.29
Total Assets	6,479	4,630	4,406	4,426	3,858	3,195
Accounts Payable	363.76	163.17	96.07	214.07	231.25	136.64
Accrued Expenses	164.33	224.72	186.87	199.96	167.66	143.32
Short-Term Debt	-	-	-	0.7	11.47	-
Current Portion of Long-Term Debt	521.41	311.69	94.75	-	-	-
Current Portion of Leases	-	37.35	20.39	29.75	18.47	-
Current Income Taxes Payable	33.76	7.48	3.29	3.76	3.05	2.33
Current Unearned Revenue	788.36	627.36	457.64	548.89	469.63	212.05
Other Current Liabilities	126.11	175.47	90.98	127.41	171.19	63.12
Total Current Liabilities	1,998	1,547	950	1,125	1,073	557.46
Long-Term Debt	851.18	832.55	659.61	348.73	-	-
Long-Term Leases	45.84	44.53	22.27	20.45	16.93	-
Long-Term Unearned Revenue	-	-	33.22	-	-	-
Other Long-Term Liabilities	32.92	83.22	40.99	25.22	47.51	11.32
Total Liabilities	2,928	2,508	1,706	1,519	1,137	568.78
Common Stock	525.71	500.36	499.91	497.75	495.89	486.17
Additional Paid-In Capital	5,865	4,090	4,065	3,977	3,881	3,807
Retained Earnings	-2,763	-2,416	-1,815	-1,519	-1,593	-1,606
Comprehensive Income & Other	-51.46	-51.52	-49.4	-48.83	-63.02	-60.14
Shareholders' Equity	3,551	2,122	2,700	2,907	2,721	2,626
Total Liabilities & Equity	6,479	4,630	4,406	4,426	3,858	3,195
Total Debt	1,418	1,226	797.02	399.64	46.87	-
Net Cash (Debt)	716.75	-366.91	291.89	466.13	1,758	1,898
Net Cash Growth	-	-	-37.38%	-73.48%	-7.37%	290.14%
Net Cash Per Share	1.41	-0.73	0.58	0.95	3.97	4.45
Filing Date Shares Outstanding	525.71	500.36	499.91	497.75	495.89	486.17
Total Common Shares Outstanding	525.71	500.36	499.91	497.75	495.89	486.17
Working Capital	2,455	1,091	1,768	1,683	1,926	2,052
Book Value Per Share	6.76	4.24	5.40	5.84	5.49	5.40
Tangible Book Value	2,914	1,417	2,125	2,457	2,312	2,293
Tangible Book Value Per Share	5.54	2.83	4.25	4.94	4.66	4.72
Buildings	-	676.63	471.15	471.13	12.95	12.95
Machinery	-	237.27	186.91	168.72	142.12	108.31
Construction In Progress	-	0.15	6.47	3.27	4.98	-
Order Backlog	-	2,406	-	-	-	-

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