SHA:688621 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	571.41	565.56	690.93	608.93	490.25	109.31
Short-Term Investments	-	20	-	-	-	-
Trading Asset Securities	135	30	30	13.11	157.6	-
Cash & Short-Term Investments	706.41	615.56	720.93	622.04	647.85	109.31
Cash Growth	1.75%	-14.62%	15.90%	-3.98%	492.70%	42.90%
Accounts Receivable	832.89	774.96	555.83	362.73	239.2	112.78
Other Receivables	9.24	10.16	11.21	16.17	12	2.37
Receivables	842.12	785.12	567.04	378.9	251.21	115.15
Inventory	14.1	15.05	14.41	12.54	7.84	6.29
Prepaid Expenses	-	-	-	-	1.9	-
Other Current Assets	187.47	98.76	54.76	26.48	32.99	32.13
Total Current Assets	1,750	1,514	1,357	1,040	941.79	262.87
Property, Plant & Equipment	179.81	211.61	220.26	197.02	161.05	74.64
Long-Term Investments	56.06	115.69	100.75	94.75	40	-
Goodwill	26.06	26.06	26.06	26.06	26.06	26.06
Other Intangible Assets	4.58	5.41	5.39	4.2	3.32	4.04
Long-Term Deferred Tax Assets	88.66	64.04	38.93	16.69	5.03	2.65
Long-Term Deferred Charges	34.96	48.28	64.19	76.25	33.41	13.16
Other Long-Term Assets	70.7	1.73	50.31	8.78	31.99	1.43
Total Assets	2,211	1,987	1,863	1,464	1,243	384.86
Accounts Payable	43.8	7.31	7.83	22.13	12.52	9.55
Accrued Expenses	22.13	77.24	88.72	37.29	27.33	22.51
Short-Term Debt	481	309.39	383.93	201.17	138.01	23.5
Current Portion of Long-Term Debt	41.47	19.3	-	-	-	-
Current Portion of Leases	-	24.78	22.1	22.54	18.98	-
Current Income Taxes Payable	34.38	6.6	24.92	16.93	11.42	2.82
Current Unearned Revenue	339.32	321.43	220.83	205.85	199.85	128.29
Other Current Liabilities	12.68	12.51	12.88	12.27	9.72	5.27
Total Current Liabilities	974.78	778.56	761.21	518.19	417.83	191.94
Long-Term Debt	48	67.2	-	-	-	-
Long-Term Leases	17.95	35.12	40.62	33.84	49.72	-
Long-Term Unearned Revenue	3.66	2.52	3.59	2.83	5.46	-
Long-Term Deferred Tax Liabilities	0.06	1.25	0.35	0.24	-	-
Total Liabilities	1,046	884.65	805.76	555.1	473.01	191.94
Common Stock	112	112	112	80	80	60
Additional Paid-In Capital	391.97	375.86	474.17	499.85	499.85	52.66
Retained Earnings	758.25	612.78	453.85	317.09	182.1	76.44
Total Common Equity	1,162	1,101	1,040	896.93	761.95	189.1
Minority Interest	3	2.01	17.25	11.67	7.69	3.81
Shareholders' Equity	1,165	1,103	1,057	908.6	769.64	192.92
Total Liabilities & Equity	2,211	1,987	1,863	1,464	1,243	384.86
Total Debt	588.42	455.79	446.65	257.55	206.71	23.5
Net Cash (Debt)	117.99	159.77	274.28	364.48	441.14	85.81
Net Cash Growth	-39.27%	-41.75%	-24.75%	-17.38%	414.12%	33.05%
Net Cash Per Share	1.07	1.42	2.45	3.26	4.50	1.02
Filing Date Shares Outstanding	109.28	112	112	112	112	84
Total Common Shares Outstanding	109.28	112	112	112	112	84
Working Capital	775.33	735.93	595.93	521.77	523.96	70.94
Book Value Per Share	10.64	9.83	9.29	8.01	6.80	2.25
Tangible Book Value	1,132	1,069	1,009	866.68	732.57	159.01
Tangible Book Value Per Share	10.36	9.55	9.01	7.74	6.54	1.89
Machinery	-	256.34	232.62	195.9	124.14	101.1
Construction In Progress	-	-	-	-	3.4	-
Order Backlog	-	3,273	-	-	-	-

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