SHA:688529 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	669.87	544.68	694.81	577.11	211.54	275.31
Short-Term Investments	-	-	-	-	-	60
Trading Asset Securities	5.49	111.87	214.93	45.57	189.4	287.01
Cash & Short-Term Investments	675.36	656.54	909.74	622.68	400.95	622.33
Cash Growth	47.66%	-27.83%	46.10%	55.30%	-35.57%	268.80%
Accounts Receivable	938.64	984.85	1,005	643.03	535.18	236.64
Other Receivables	78.47	118.09	54.58	106.26	26.21	40.58
Receivables	1,017	1,103	1,059	749.29	561.38	277.22
Inventory	3,622	3,120	2,219	1,979	1,362	1,232
Prepaid Expenses	-	3.83	8.92	0.33	0.22	-
Other Current Assets	258.96	163.56	210.36	118.36	57.8	23.24
Total Current Assets	5,574	5,047	4,408	3,470	2,383	2,155
Property, Plant & Equipment	1,097	1,125	920.55	517.02	448.37	400.65
Long-Term Investments	9.89	2.29	0.09	-	-	-
Other Intangible Assets	213.35	212.7	203.15	113.18	110.39	109.33
Long-Term Deferred Tax Assets	136.55	93.25	63.66	51.83	47.12	44.7
Long-Term Deferred Charges	-	-	0.08	0.53	-	-
Other Long-Term Assets	0.82	7.69	0.36	0.61	0.68	6.89
Total Assets	7,031	6,488	5,595	4,153	2,989	2,717
Accounts Payable	631.91	724.51	657.75	784.13	397.7	383.01
Accrued Expenses	56.01	137.13	116.66	73.17	70.63	49.48
Short-Term Debt	1,102	867.68	841.49	756.46	518.37	464.72
Current Portion of Long-Term Debt	778.31	714.34	186.27	86.58	31.09	-
Current Portion of Leases	-	4.33	2.88	5.3	1.85	-
Current Income Taxes Payable	4.33	7.31	7.62	2.73	3.14	1.82
Current Unearned Revenue	2,025	1,116	1,018	1,079	709.95	661.53
Other Current Liabilities	18.69	76.06	13.62	38.03	11.81	48.47
Total Current Liabilities	4,617	3,647	2,844	2,825	1,745	1,609
Long-Term Debt	591.59	766.81	585.81	112.56	134.28	50.38
Long-Term Leases	8.67	8.97	3.42	5.24	1.74	-
Long-Term Unearned Revenue	49.79	51.54	35.98	7.85	8.64	9.44
Long-Term Deferred Tax Liabilities	-	-	-	0.26	-	-
Other Long-Term Liabilities	-	-	0.19	-	-	-
Total Liabilities	5,267	4,475	3,469	2,951	1,889	1,669
Common Stock	168.18	167.29	167.29	128	128	128
Additional Paid-In Capital	1,688	1,675	1,676	863.97	838.84	832.59
Retained Earnings	-86.52	171.79	278.44	205.99	129.86	84.4
Comprehensive Income & Other	1.73	3.21	3.68	1.53	0.15	0.08
Total Common Equity	1,772	2,017	2,125	1,199	1,097	1,045
Minority Interest	-7.36	-4.22	1.21	2.19	3.01	2.67
Shareholders' Equity	1,764	2,013	2,126	1,202	1,100	1,048
Total Liabilities & Equity	7,031	6,488	5,595	4,153	2,989	2,717
Total Debt	2,481	2,362	1,620	966.14	687.34	515.1
Net Cash (Debt)	-1,805	-1,706	-710.14	-343.46	-286.4	107.23
Net Cash Per Share	-10.23	-10.28	-5.16	-2.67	-2.24	1.08
Filing Date Shares Outstanding	168.18	167.29	167.29	128	128	128
Total Common Shares Outstanding	168.18	167.29	167.29	128	128	128
Working Capital	956.89	1,400	1,564	644.41	637.98	545.99
Book Value Per Share	10.53	12.06	12.70	9.37	8.57	8.16
Tangible Book Value	1,558	1,805	1,922	1,086	986.47	935.74
Tangible Book Value Per Share	9.27	10.79	11.49	8.49	7.71	7.31
Buildings	-	971.79	383.65	381.45	380.92	324.46
Machinery	-	348.42	228.27	216.53	176.77	133.15
Construction In Progress	-	38.15	503.54	74.1	30.1	66.26

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