SHA:688553 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	2,285	2,328	1,782	1,206	1,306	371.52
Trading Asset Securities	323.67	688.59	789.05	1,376	1,662	228
Cash & Short-Term Investments	2,609	3,017	2,572	2,582	2,968	599.52
Cash Growth	-4.04%	17.32%	-0.40%	-13.01%	395.07%	37.15%
Accounts Receivable	80.06	55.55	55.95	42.83	11.87	13.18
Other Receivables	4.28	86.09	69.37	44.64	29.24	29.39
Receivables	84.34	141.64	125.31	87.48	41.11	42.56
Inventory	236.2	159.92	153.12	165.98	178.87	94.63
Prepaid Expenses	-	0	-	-	-	-
Other Current Assets	147.21	25.95	20.19	38	45.44	24.05
Total Current Assets	3,076	3,344	2,870	2,873	3,233	760.77
Property, Plant & Equipment	1,443	1,516	1,410	1,123	672.48	329.68
Long-Term Investments	89.99	89.66	155.4	99.31	54.3	-
Other Intangible Assets	60.37	60.57	62.09	63.51	64.01	36.23
Long-Term Deferred Tax Assets	47.7	24.47	53.81	29.63	10.55	5.84
Long-Term Deferred Charges	53.18	26.78	17.96	1.61	-	-
Other Long-Term Assets	105.33	103.32	115.78	85.94	94.71	80.22
Total Assets	4,876	5,166	4,686	4,277	4,130	1,213
Accounts Payable	147.9	197.03	133.89	95.52	59.25	29.51
Accrued Expenses	33.97	235.4	215.31	47.87	289.79	232.39
Short-Term Debt	500.03	589.08	426.73	45.04	13.66	-
Current Portion of Leases	0.38	1.64	2.85	5.43	3.06	-
Current Income Taxes Payable	10.37	0.24	11.98	1.27	10.62	31.56
Current Unearned Revenue	97.36	54.33	27.03	36.87	35.65	22.46
Other Current Liabilities	288.92	59.03	61.52	294.39	80.88	81.2
Total Current Liabilities	1,079	1,137	879.32	526.39	492.91	397.12
Long-Term Leases	-	-	2.05	4.62	3.28	-
Long-Term Unearned Revenue	73.22	48.98	24.3	22.15	24.21	14.12
Long-Term Deferred Tax Liabilities	3.11	6.52	5.54	5.27	0.6	-
Other Long-Term Liabilities	-	-	-	-	50.02	50.02
Total Liabilities	1,155	1,192	911.22	558.44	571.01	461.26
Common Stock	423.6	423.6	423.6	423.6	423.6	360
Additional Paid-In Capital	2,487	2,487	2,485	2,474	2,473	175.54
Retained Earnings	860.39	1,106	870.83	830.55	670.94	225.08
Treasury Stock	-30.02	-30.02	-	-	-	-
Comprehensive Income & Other	-10.35	-8.24	-9.15	-9.63	-9.41	-9.14
Total Common Equity	3,731	3,979	3,771	3,718	3,558	751.48
Minority Interest	-9.93	-5.66	3.83	-	-	-
Shareholders' Equity	3,721	3,973	3,774	3,718	3,558	751.48
Total Liabilities & Equity	4,876	5,166	4,686	4,277	4,130	1,213
Total Debt	500.41	590.72	431.63	55.09	20	-
Net Cash (Debt)	2,108	2,426	2,140	2,527	2,948	599.52
Net Cash Growth	3.31%	13.38%	-15.31%	-14.29%	391.73%	50.98%
Net Cash Per Share	4.97	5.74	5.05	5.99	7.93	1.66
Filing Date Shares Outstanding	421.46	421.46	423.6	423.6	423.6	360
Total Common Shares Outstanding	421.46	421.46	423.6	423.6	423.6	360
Working Capital	1,997	2,208	1,991	2,347	2,741	363.64
Book Value Per Share	8.85	9.44	8.90	8.78	8.40	2.09
Tangible Book Value	3,671	3,918	3,709	3,655	3,494	715.25
Tangible Book Value Per Share	8.71	9.30	8.75	8.63	8.25	1.99
Buildings	-	654.99	315.19	179.43	127.91	127.91
Machinery	-	648.03	574.16	436.3	323.89	239.44
Construction In Progress	-	528.71	768.43	695.81	365.65	81.52

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