SHA:688652 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	450.17	525.09	1,251	303.54	262.61	76.83
Trading Asset Securities	839.84	848.91	300.07	-	-	-
Cash & Short-Term Investments	1,290	1,374	1,551	303.54	262.61	76.83
Cash Growth	-9.84%	-11.39%	410.83%	15.58%	241.81%	367.69%
Accounts Receivable	415.18	381.12	221.28	213.59	191.32	151.76
Other Receivables	7.07	5.57	10.89	4.07	18.55	18.36
Receivables	422.25	386.68	232.17	217.67	209.87	170.12
Inventory	2,349	1,988	957.35	699.14	364.37	148.99
Other Current Assets	127.99	74.27	39.23	26.27	13.13	12.94
Total Current Assets	4,189	3,823	2,779	1,247	849.99	408.88
Property, Plant & Equipment	210.11	114.55	30.87	29.24	22.68	7.32
Long-Term Investments	9.2	9.2	9.2	9.2	5.5	5
Other Intangible Assets	33.65	35.15	3.4	4.72	5.15	6.82
Long-Term Accounts Receivable	-	0.01	0.47	0.02	-	-
Long-Term Deferred Tax Assets	50.79	43.82	31.23	27.79	14.06	13.37
Long-Term Deferred Charges	17.71	18.86	6.25	4.11	6.44	2.29
Other Long-Term Assets	-	-	-	-	0.02	0.99
Total Assets	4,511	4,045	2,861	1,322	903.84	444.67
Accounts Payable	1,142	1,030	358.68	188.63	197.62	84.4
Accrued Expenses	30.88	65.51	49.18	42.43	15.67	14.7
Short-Term Debt	-	-	10.43	120	74.59	40.06
Current Portion of Leases	10.38	9.38	7.57	8.69	-	-
Current Income Taxes Payable	14.76	4.65	2.76	2.34	5.67	4.85
Current Unearned Revenue	950.98	738.83	408.66	319.94	84.2	4.24
Other Current Liabilities	45.62	19.63	8.95	8.44	19.96	5.81
Total Current Liabilities	2,195	1,868	846.22	690.47	397.7	154.05
Long-Term Leases	11.89	6.77	5.27	7.6	7.09	-
Long-Term Unearned Revenue	5.46	6.13	16.88	25.22	-	-
Long-Term Deferred Tax Liabilities	5.24	4.27	2.58	2.81	0.08	-
Other Long-Term Liabilities	111.96	85	56.13	47.25	41.98	42.85
Total Liabilities	2,329	1,970	927.08	773.35	446.85	196.9
Common Stock	168	168	168	126	126	120
Additional Paid-In Capital	1,506	1,506	1,506	281.96	281.96	192.51
Retained Earnings	506.65	399.14	258.83	139.69	48.57	-64.81
Comprehensive Income & Other	0.94	0.92	0.65	0.7	0.47	0.06
Shareholders' Equity	2,182	2,074	1,934	548.35	456.99	247.77
Total Liabilities & Equity	4,511	4,045	2,861	1,322	903.84	444.67
Total Debt	22.27	16.15	23.27	136.29	81.68	40.06
Net Cash (Debt)	1,268	1,358	1,527	167.25	180.93	36.77
Net Cash Growth	-10.18%	-11.10%	813.20%	-7.56%	392.04%	-
Net Cash Per Share	7.53	8.08	11.79	1.32	1.51	-
Filing Date Shares Outstanding	168	168	168	126	126	-
Total Common Shares Outstanding	168	168	168	126	126	-
Working Capital	1,995	1,955	1,933	556.14	452.29	254.83
Book Value Per Share	12.99	12.35	11.51	4.35	3.63	-
Tangible Book Value	2,148	2,039	1,930	543.63	451.84	240.95
Tangible Book Value Per Share	12.79	12.14	11.49	4.31	3.59	-
Machinery	-	47.94	24.63	17.05	11.93	11.2
Construction In Progress	-	59.92	0.18	-	-	-

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