SHA:688573 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	203.71	174.81	310.82	165.44	254.53	69.2
Short-Term Investments	2.21	140.19	140.41	3.28	-	-
Cash & Short-Term Investments	205.92	315	451.23	168.73	254.53	69.2
Cash Growth	-10.51%	-30.19%	167.43%	-33.71%	267.81%	210.60%
Accounts Receivable	378.04	591.95	593.59	504.11	320.04	153.81
Other Receivables	22.24	0.41	0.11	0.02	4.43	4.73
Receivables	400.28	592.36	593.7	504.13	324.46	158.55
Inventory	711.09	382.08	332.54	251.75	228.24	119.11
Other Current Assets	115.36	119.61	68.97	47.88	32.44	29.9
Total Current Assets	1,433	1,409	1,446	972.49	839.68	376.76
Property, Plant & Equipment	443.43	426.72	324.19	294.65	232.89	82.58
Long-Term Investments	21.72	19.65	-	-	-	-
Other Intangible Assets	52.55	34.81	26.74	27.65	27.42	27.67
Long-Term Accounts Receivable	-	80.01	0.41	2.73	-	-
Long-Term Deferred Tax Assets	38.76	35.48	16.44	13.82	12.35	9.46
Long-Term Deferred Charges	6.74	5.65	5.15	4.17	0.97	1.01
Other Long-Term Assets	78.23	30.87	30.35	5.14	3.76	1.85
Total Assets	2,074	2,042	1,850	1,321	1,117	499.32
Accounts Payable	598.15	653.05	557.35	523.47	416.86	128.33
Accrued Expenses	10.19	26.43	31.46	32.07	12.07	5.65
Short-Term Debt	160.52	160.15	62.14	35.06	19.17	-
Current Portion of Long-Term Debt	21.61	19.76	15.48	56.9	14.2	8.72
Current Portion of Leases	-	5.85	3.01	2.42	1.85	-
Current Income Taxes Payable	3.61	2.52	0.11	2.26	-	-
Current Unearned Revenue	273.86	105.18	53.02	77.68	116.42	73.8
Other Current Liabilities	277.18	125.3	72.33	74.77	75.67	36.19
Total Current Liabilities	1,345	1,098	794.89	804.63	656.24	252.68
Long-Term Debt	80.1	88.74	108.38	115.4	138.4	64.4
Long-Term Leases	12.34	24	2.4	4.85	5.81	-
Long-Term Unearned Revenue	0.21	0.37	2.95	19.86	16.55	8.64
Long-Term Deferred Tax Liabilities	2.25	5.65	0.7	1.1	-	-
Total Liabilities	1,440	1,217	909.32	945.84	817	325.72
Common Stock	97.75	97.75	97.75	73.32	73.32	69.46
Additional Paid-In Capital	783.71	783.71	782.85	299.75	298.35	235.44
Retained Earnings	-184.14	-26.96	55.67	-2.68	-69.47	-129.93
Treasury Stock	-62.21	-34.2	-	-	-	-
Total Common Equity	635.12	820.31	936.27	370.39	302.2	174.98
Minority Interest	-1.07	4.93	4.11	4.41	-2.12	-1.37
Shareholders' Equity	634.05	825.24	940.39	374.8	300.08	173.6
Total Liabilities & Equity	2,074	2,042	1,850	1,321	1,117	499.32
Total Debt	274.58	298.5	191.4	214.63	179.42	73.12
Net Cash (Debt)	-68.66	16.49	259.83	-45.9	75.11	-3.91
Net Cash Growth	-	-93.65%	-	-	-	-
Net Cash Per Share	-0.71	0.17	3.21	-0.63	1.08	-0.06
Filing Date Shares Outstanding	94.29	96	97.75	73.32	73.32	67.75
Total Common Shares Outstanding	94.29	96	97.75	73.32	73.32	67.75
Working Capital	87.51	310.81	651.54	167.86	183.44	124.08
Book Value Per Share	6.74	8.54	9.58	5.05	4.12	2.58
Tangible Book Value	582.56	785.5	909.53	342.74	274.78	147.3
Tangible Book Value Per Share	6.18	8.18	9.30	4.67	3.75	2.17
Buildings	-	328.11	258.64	127.6	78.27	78.27
Machinery	-	52.02	40.64	33.88	29.45	19.13
Construction In Progress	-	64.61	54.12	151.44	137.02	0.01

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.