SHA:688638 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	593.65	381.8	240.55	188.91	234.56	68.1
Short-Term Investments	-	130.98	312.1	-	-	-
Trading Asset Securities	164.49	170.05	170.31	-	-	10.01
Cash & Short-Term Investments	758.14	682.83	722.96	188.91	234.56	78.11
Cash Growth	72.02%	-5.55%	282.70%	-19.46%	200.31%	39.15%
Accounts Receivable	480.89	489.65	496.52	415.78	204.92	48.64
Other Receivables	5.34	5.42	9.1	6.58	47.28	12.85
Receivables	486.23	495.07	505.62	422.36	252.2	61.49
Inventory	897.03	534.69	609.08	1,093	564.97	287.25
Prepaid Expenses	-	-	-	-	0.54	0.27
Other Current Assets	104.41	29.7	14.16	17.78	20.91	0.6
Total Current Assets	2,246	1,742	1,852	1,722	1,073	427.72
Property, Plant & Equipment	247.27	252.89	151.31	26.35	26.43	1.28
Goodwill	73.94	73.94	-	-	-	-
Other Intangible Assets	49.64	50.81	38.17	37.62	0.29	0.17
Long-Term Deferred Tax Assets	48.01	37.22	11.32	9.59	5.41	3.95
Long-Term Deferred Charges	2.66	3.45	1.68	1.8	1.21	0.16
Other Long-Term Assets	1.56	1.02	-	0.04	0.63	-
Total Assets	2,669	2,162	2,054	1,798	1,107	433.29
Accounts Payable	750.8	416.31	422.37	767.68	382.2	59.81
Accrued Expenses	22.25	27.96	32.01	32.66	15.22	10.22
Short-Term Debt	380.18	291.76	113.12	11.36	28.11	-
Current Portion of Long-Term Debt	18.94	14.91	-	-	-	-
Current Portion of Leases	-	9.43	8.21	12.19	9.88	-
Current Income Taxes Payable	6.1	4.02	5.57	6.15	5.75	0.79
Current Unearned Revenue	481.77	282.27	321.48	624.89	385.96	256.71
Other Current Liabilities	93.25	67.89	23.49	31.15	44.43	13.39
Total Current Liabilities	1,753	1,115	926.25	1,486	871.55	340.91
Long-Term Leases	8.32	15.41	6.48	5.65	13.74	-
Long-Term Unearned Revenue	-	2	2	1	-	-
Long-Term Deferred Tax Liabilities	5.07	7.18	2.62	3.28	-	0
Total Liabilities	1,767	1,139	937.35	1,496	885.29	340.91
Common Stock	56	56	40	30	30	3
Additional Paid-In Capital	908.11	903.49	913.16	163.21	158.06	-
Retained Earnings	-72.66	32.13	165.72	109.58	33.97	89.44
Treasury Stock	-30.1	-13.72	-	-	-	-
Comprehensive Income & Other	-7.05	-6.85	-	-	-	-
Total Common Equity	854.3	971.05	1,119	302.78	222.03	92.44
Minority Interest	47.92	51.44	-1.93	-1.17	-0.18	-0.07
Shareholders' Equity	902.22	1,022	1,117	301.62	221.85	92.37
Total Liabilities & Equity	2,669	2,162	2,054	1,798	1,107	433.29
Total Debt	407.43	331.52	127.81	29.2	51.73	-
Net Cash (Debt)	350.71	351.31	595.14	159.71	182.84	78.11
Net Cash Growth	146.48%	-40.97%	272.63%	-12.65%	134.09%	69.19%
Net Cash Per Share	6.33	6.29	17.39	3.80	4.43	-
Filing Date Shares Outstanding	54.95	55.5	56	42	42	-
Total Common Shares Outstanding	54.95	55.5	56	42	42	-
Working Capital	492.52	627.75	925.56	236.15	201.63	86.81
Book Value Per Share	15.55	17.50	19.98	7.21	5.29	-
Tangible Book Value	730.72	846.3	1,081	265.17	221.74	92.27
Tangible Book Value Per Share	13.30	15.25	19.30	6.31	5.28	-
Buildings	-	205.4	-	-	-	-
Machinery	-	41.27	16.11	10.96	7.12	3.97
Construction In Progress	-	1.25	128.41	3.5	-	-
Order Backlog	-	-	-	-	1,192	475

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