SHA:688685 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	306.2	77.14	94.47	277.1	264.06	98.88
Trading Asset Securities	-	-	-	25	70	-
Cash & Short-Term Investments	306.2	77.14	94.47	302.1	334.06	98.88
Cash Growth	182.18%	-18.34%	-68.73%	-9.56%	237.86%	-42.04%
Accounts Receivable	774.15	537.79	215.83	216.92	192.86	210.8
Other Receivables	5.54	157.17	4.9	2.33	0.42	0.29
Receivables	779.69	694.96	220.73	219.25	193.28	211.09
Inventory	67.74	74.38	93.99	59.41	42.93	44.68
Other Current Assets	143.67	72.32	7.18	13.98	10.47	19.01
Total Current Assets	1,297	918.8	416.37	594.75	580.73	373.67
Property, Plant & Equipment	1,505	934.54	280.77	240.7	245.74	266.89
Long-Term Investments	-	-	3.11	3.62	4.38	5.71
Goodwill	0.93	0.93	0.93	0.93	-	-
Other Intangible Assets	31.55	35.32	34.53	18.49	14.92	11.23
Long-Term Deferred Tax Assets	30.2	15.97	4.33	3.62	3.98	4.38
Long-Term Deferred Charges	15.38	9.62	6.03	1.21	1.79	0.36
Other Long-Term Assets	146.54	258.75	121.65	40.31	14.82	0.34
Total Assets	3,027	2,174	867.71	903.64	866.35	662.58
Accounts Payable	552.98	485.34	123.67	113.82	93.57	107.75
Accrued Expenses	8.53	27.94	14.14	18.29	13.26	5.73
Short-Term Debt	570.54	588.21	10.01	6.01	-	32.24
Current Portion of Leases	-	33.33	-	0.29	-	-
Current Income Taxes Payable	10.83	16.55	-	0.86	1.58	0.27
Current Unearned Revenue	34.84	7.28	0.03	3	1.8	1.16
Other Current Liabilities	69.15	4.93	4.32	6.17	13	5.26
Total Current Liabilities	1,247	1,164	152.17	148.43	123.2	152.41
Long-Term Debt	704.3	191.86	-	15.02	40.05	61.1
Long-Term Leases	5.52	7.76	-	-	-	-
Long-Term Unearned Revenue	14.26	11.78	12.85	13.95	17.78	17.62
Total Liabilities	2,110	1,375	165.02	177.41	181.04	231.13
Common Stock	145.43	145.43	111.87	111.87	111.87	83.9
Additional Paid-In Capital	432.29	382.57	370.95	369.79	369.79	197.62
Retained Earnings	239.6	206.09	202.72	221.03	178.56	127.6
Comprehensive Income & Other	8.94	7.04	6.5	6.95	5.07	5.15
Total Common Equity	826.26	741.13	692.03	709.64	665.29	414.27
Minority Interest	90.64	57.84	10.66	16.59	20.03	17.18
Shareholders' Equity	916.91	798.97	702.7	726.23	685.31	431.45
Total Liabilities & Equity	3,027	2,174	867.71	903.64	866.35	662.58
Total Debt	1,280	821.16	10.01	21.31	40.05	93.33
Net Cash (Debt)	-974.16	-744.02	84.46	280.79	294	5.54
Net Cash Growth	-	-	-69.92%	-4.49%	5203.68%	-84.64%
Net Cash Per Share	-6.66	-5.06	0.55	1.93	2.26	0.05
Filing Date Shares Outstanding	145.43	145.43	145.43	145.43	145.43	109.07
Total Common Shares Outstanding	145.43	145.43	145.43	145.43	145.43	109.07
Working Capital	50.43	-244.78	264.21	446.32	457.53	221.25
Book Value Per Share	5.68	5.10	4.76	4.88	4.57	3.80
Tangible Book Value	793.78	704.88	656.57	690.22	650.37	403.04
Tangible Book Value Per Share	5.46	4.85	4.51	4.75	4.47	3.70
Buildings	-	109.4	107.74	107.74	93.78	55.9
Machinery	-	520.73	237.23	203.51	210.96	186.81
Construction In Progress	-	429.1	35.23	5.09	0.2	64.65

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