SHA:688639 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	492.95	422.64	352.98	147.46	121.79	62.2
Trading Asset Securities	-	-	-	200.31	341.06	-
Cash & Short-Term Investments	492.95	422.64	352.98	347.78	462.85	62.2
Cash Growth	10.70%	19.73%	1.50%	-24.86%	644.14%	14.12%
Accounts Receivable	415.9	374.28	318.43	326.39	222.79	119.56
Other Receivables	12.4	16.83	10.47	13.56	12.03	10
Receivables	428.3	391.11	328.89	339.95	234.82	129.55
Inventory	503.59	406.92	226.46	135.51	106.21	47.11
Other Current Assets	229.42	131.08	141.7	39.81	48.62	22.72
Total Current Assets	1,654	1,352	1,050	863.06	852.5	261.58
Property, Plant & Equipment	3,533	3,213	2,620	951.83	528.43	411.61
Long-Term Investments	121.83	123.45	112.4	40	7	2
Other Intangible Assets	150.96	137.73	86.28	73.17	43.98	41.53
Long-Term Deferred Tax Assets	126.9	86.54	49.39	40.48	14.39	18.93
Long-Term Deferred Charges	13.39	5.79	-	-	-	-
Other Long-Term Assets	71.15	71.17	51.9	58.54	27.8	7.24
Total Assets	5,672	4,989	3,970	2,027	1,474	742.89
Accounts Payable	538.28	564.03	589.01	221.64	99.87	86.84
Accrued Expenses	38.89	44	36.87	35.06	17.95	9.61
Short-Term Debt	135.58	681.98	915.12	79.23	18.5	55.07
Current Portion of Long-Term Debt	308.19	225.75	26.6	-	-	-
Current Income Taxes Payable	14.19	4.92	25.5	5.32	6.67	7.99
Current Unearned Revenue	37.34	17.4	12.77	19.61	17.57	1.68
Other Current Liabilities	72.71	65.45	70.61	27.9	22.34	0.45
Total Current Liabilities	1,145	1,604	1,676	388.75	182.89	161.64
Long-Term Debt	1,648	637.81	304.93	-	-	-
Long-Term Unearned Revenue	84.91	87.62	91.53	102.63	86.23	72.61
Long-Term Deferred Tax Liabilities	125.5	102.07	71.64	54.05	21.85	18.86
Total Liabilities	3,004	2,431	2,145	545.44	290.98	253.11
Common Stock	250.12	249.72	157.54	108.4	108.4	81
Additional Paid-In Capital	1,218	1,209	603.46	624.47	588.04	41.93
Retained Earnings	1,264	1,158	1,110	758.99	498.69	366.85
Treasury Stock	-50.01	-53.61	-45.24	-12	-12	-
Comprehensive Income & Other	0.71	0.96	0.72	0.64	-	-
Total Common Equity	2,682	2,565	1,827	1,480	1,183	489.78
Minority Interest	-14.47	-6.27	-1.31	1.15	-	-
Shareholders' Equity	2,668	2,558	1,826	1,482	1,183	489.78
Total Liabilities & Equity	5,672	4,989	3,970	2,027	1,474	742.89
Total Debt	2,092	1,546	1,247	79.23	18.5	55.07
Net Cash (Debt)	-1,599	-1,123	-893.67	268.55	444.35	7.13
Net Cash Growth	-	-	-	-39.56%	6128.38%	-
Net Cash Per Share	-6.49	-4.86	-3.90	1.18	2.14	0.04
Filing Date Shares Outstanding	251.01	235.72	227.71	227.91	227.91	227.07
Total Common Shares Outstanding	251.01	235.72	227.71	227.91	227.91	170.3
Working Capital	509.09	-251.78	-626.43	474.3	669.61	99.94
Book Value Per Share	10.69	10.88	8.02	6.50	5.19	2.88
Tangible Book Value	2,531	2,427	1,741	1,407	1,139	448.25
Tangible Book Value Per Share	10.08	10.30	7.64	6.17	5.00	2.63
Buildings	-	755.99	462.42	290.67	200.66	174.22
Machinery	-	1,307	952.21	703.78	439.11	349.07
Construction In Progress	-	1,606	1,529	188.91	65.33	21.17

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