SHA:688622 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	45.29	51.63	192.15	261.67	340.15	169.57
Cash & Short-Term Investments	45.29	51.63	192.15	261.67	340.15	169.57
Cash Growth	-46.51%	-73.13%	-26.57%	-23.07%	100.60%	24.73%
Accounts Receivable	85.11	116.37	149.43	119.7	125.14	88.46
Other Receivables	2.13	15.48	10.98	9.08	21.16	18.26
Receivables	87.24	131.85	160.41	128.79	146.3	106.71
Inventory	94.29	131.16	174.25	164.37	136.68	101.76
Prepaid Expenses	-	-	-	0.51	0.04	-
Other Current Assets	22.67	10.42	28.63	40.39	27.61	17.86
Total Current Assets	249.49	325.06	555.44	595.72	650.79	395.91
Property, Plant & Equipment	417.52	413.44	391.02	239.28	215.48	131.16
Long-Term Investments	24.09	36.71	36.54	38.05	2.24	2.31
Other Intangible Assets	54.47	56.4	58.46	57.53	53.37	12.63
Long-Term Accounts Receivable	-	3.11	2.32	0.98	0.81	1.84
Long-Term Deferred Tax Assets	50.54	41.82	35.17	17.82	4.39	2.89
Long-Term Deferred Charges	0.07	0.1	0.33	1.35	1.49	3.18
Other Long-Term Assets	9.27	0.47	1.84	21.11	2.83	0.05
Total Assets	805.45	877.11	1,081	971.85	931.4	549.98
Accounts Payable	81.09	106.38	172.84	49.26	64.24	31.84
Accrued Expenses	10.08	16.95	27.44	29.44	40.75	32.08
Short-Term Debt	85.63	108.46	191.98	184.64	73.01	63.03
Current Portion of Long-Term Debt	8.98	3.39	28.18	4.57	7.79	2.47
Current Portion of Leases	-	-	0.93	1.54	2.17	-
Current Income Taxes Payable	1.39	-	-	4.15	7.35	13.87
Current Unearned Revenue	26.38	34.17	58.38	76.7	53.05	81.9
Other Current Liabilities	15.85	15.22	16.22	13.17	6.5	5.79
Total Current Liabilities	229.4	284.57	495.97	363.47	254.86	230.98
Long-Term Debt	174.34	162.96	104.71	53.89	35	28.96
Long-Term Leases	-	-	0.13	0.41	1.92	2.75
Long-Term Unearned Revenue	54.95	62.09	54.54	39.66	40.13	31.88
Long-Term Deferred Tax Liabilities	-	0.39	0.47	-	-	-
Other Long-Term Liabilities	2.94	4.98	7.64	3.77	6.21	8.89
Total Liabilities	461.63	514.99	663.45	461.21	338.11	303.45
Common Stock	70.47	70	70	70	70	52.5
Additional Paid-In Capital	290.87	278.25	275.88	274.73	274.1	15.68
Retained Earnings	15.16	43.7	89.69	185.8	261.03	182.45
Comprehensive Income & Other	-9.88	-7.67	-0.32	-	-	-
Total Common Equity	366.61	384.28	435.26	530.53	605.12	250.62
Minority Interest	-22.79	-22.16	-17.57	-19.89	-11.84	-4.1
Shareholders' Equity	343.82	362.12	417.69	510.64	593.28	246.52
Total Liabilities & Equity	805.45	877.11	1,081	971.85	931.4	549.98
Total Debt	268.95	274.81	325.93	245.04	119.89	97.21
Net Cash (Debt)	-223.66	-223.18	-133.78	16.63	220.26	72.36
Net Cash Growth	-	-	-	-92.45%	204.41%	-24.58%
Net Cash Per Share	-3.20	-3.20	-1.91	0.24	3.87	1.38
Filing Date Shares Outstanding	70.47	70	70	70	70	52.5
Total Common Shares Outstanding	70.47	70	70	70	70	52.5
Working Capital	20.09	40.49	59.47	232.25	395.93	164.93
Book Value Per Share	5.20	5.49	6.22	7.58	8.64	4.77
Tangible Book Value	312.14	327.88	376.79	473	551.75	237.99
Tangible Book Value Per Share	4.43	4.68	5.38	6.76	7.88	4.53
Buildings	-	221.6	148.88	119	128.28	-
Machinery	-	129.4	141.62	134.95	107.45	75.02
Construction In Progress	-	153.28	176.39	38.84	13.18	79.88

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