SHA:688545 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	180.81	126.58	194.71	435.32	643.72	57.17
Cash & Short-Term Investments	189.81	126.58	194.71	435.32	643.72	57.17
Cash Growth	-2.51%	-34.99%	-55.27%	-32.38%	1025.98%	-
Accounts Receivable	317.74	190.95	170.33	143.41	138.28	102.15
Other Receivables	3.01	3.76	8.89	3.15	1.87	0.64
Receivables	320.74	194.71	179.22	146.56	140.15	102.79
Inventory	204.44	171.16	136.2	109.37	88.35	47.72
Prepaid Expenses	-	-	-	14.98	0	-
Other Current Assets	617.58	27.58	9.5	25.54	7.2	12.28
Total Current Assets	1,333	520.03	519.64	731.77	879.43	219.96
Property, Plant & Equipment	2,377	2,022	1,728	1,321	661.52	479.92
Long-Term Investments	147.11	150.97	123.82	109.65	101.43	84.31
Other Intangible Assets	219.49	224.14	222.79	100.52	88.22	52.71
Long-Term Deferred Tax Assets	29.33	53.25	71.5	87.38	9.08	-
Long-Term Deferred Charges	4.99	8.06	11.28	3.77	2.16	6.91
Other Long-Term Assets	45.3	16.19	21.88	22.96	12.14	-
Total Assets	4,155	2,994	2,698	2,377	1,754	843.8
Accounts Payable	920.44	788.24	711.5	571.85	258.1	150.73
Accrued Expenses	28.93	37.56	21.76	33.14	21.52	10.58
Short-Term Debt	-	55.25	30.22	-	23.54	65.04
Current Portion of Long-Term Debt	1.85	54.48	18.03	-	3.03	13.57
Current Portion of Leases	-	3.78	3.72	2.25	2.06	-
Current Income Taxes Payable	2.1	-	-	-	5.69	-
Current Unearned Revenue	4.27	2.36	1.66	2.69	1.03	3.09
Other Current Liabilities	16.61	34.41	33.91	35.41	25.6	116.35
Total Current Liabilities	974.19	976.08	820.8	645.33	340.58	359.37
Long-Term Debt	6.55	-	7	-	25.5	105.71
Long-Term Leases	0.08	4.32	7.76	5.71	7.64	-
Long-Term Unearned Revenue	73.15	77.5	82.43	67.94	58.06	40.89
Long-Term Deferred Tax Liabilities	36.23	40.2	44.58	47.77	2.18	0.81
Other Long-Term Liabilities	146.9	146.9	177.36	177.36	78.46	30.46
Total Liabilities	1,237	1,245	1,140	944.11	512.42	537.24
Common Stock	360	260	260	260	520	300
Additional Paid-In Capital	2,050	1,079	1,048	1,048	630.26	15.12
Retained Earnings	503.8	410.66	250.54	125.15	91.3	-8.57
Shareholders' Equity	2,918	1,749	1,559	1,433	1,242	306.56
Total Liabilities & Equity	4,155	2,994	2,698	2,377	1,754	843.8
Total Debt	8.48	117.83	66.74	7.95	61.77	184.33
Net Cash (Debt)	181.33	8.76	127.97	427.37	581.96	-127.16
Net Cash Growth	41.70%	-93.16%	-70.06%	-26.56%	-	-
Net Cash Per Share	0.55	0.03	0.50	1.65	-	-
Filing Date Shares Outstanding	360	360	260	260	-	-
Total Common Shares Outstanding	360	260	260	260	-	-
Working Capital	358.39	-456.05	-301.16	86.44	538.85	-139.41
Book Value Per Share	8.09	6.73	5.99	5.51	-	-
Tangible Book Value	2,695	1,525	1,336	1,333	1,153	253.85
Tangible Book Value Per Share	7.49	5.87	5.14	5.13	-	-
Buildings	-	529.34	422.4	299.39	123.15	-
Machinery	-	1,616	1,313	830.44	389.56	-
Construction In Progress	-	262.55	246.02	357.21	269.88	-

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