SHA:688690 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	237.62	271.99	339.76	250.76	376.38	248.66
Short-Term Investments	70.08	169.23	298.15	11.66	10.19	-
Trading Asset Securities	32.33	33.06	11	143.58	20	-
Cash & Short-Term Investments	340.03	474.29	648.92	406	406.57	248.66
Cash Growth	-23.54%	-26.91%	59.83%	-0.14%	63.51%	-11.22%
Accounts Receivable	410.54	347.6	233.61	258.79	110.18	64.45
Other Receivables	4.22	33.35	6.07	4.6	0.83	-
Receivables	414.76	380.95	239.68	263.39	111.01	64.45
Inventory	372.81	340.34	272.18	220.88	125.24	52.8
Other Current Assets	37.53	24.53	17.7	12.54	12.17	11.2
Total Current Assets	1,165	1,220	1,178	902.8	654.99	377.1
Property, Plant & Equipment	629.7	631.38	461.28	355.52	257.33	219.64
Long-Term Investments	155.47	108.61	178.5	448.31	317.91	20.45
Goodwill	188.96	188.96	123.7	150.15	-	-
Other Intangible Assets	99.16	69.35	52	51.94	15.74	13.04
Long-Term Deferred Tax Assets	44.12	41.56	29.9	12.85	3.76	2.04
Long-Term Deferred Charges	32.9	35.6	17.71	16.9	12.98	4.65
Other Long-Term Assets	25.66	14.03	85	14.43	16.83	2.93
Total Assets	2,341	2,310	2,127	1,953	1,280	639.85
Accounts Payable	52.25	35.31	10.14	20.15	13.33	3.75
Accrued Expenses	63	88.78	64.57	86.83	91.22	22.89
Short-Term Debt	9.13	17.88	23.45	15.01	15.02	5.01
Current Portion of Long-Term Debt	15.56	63.65	7	-	-	-
Current Portion of Leases	-	9.26	8.71	3.09	1.86	-
Current Income Taxes Payable	22.64	16.02	21.17	17.89	9.7	4.72
Current Unearned Revenue	26.11	31.39	9.65	16.27	16.04	1.01
Other Current Liabilities	37.89	69.56	29.51	31.4	23.95	26.09
Total Current Liabilities	226.58	331.86	174.21	190.64	171.12	63.47
Long-Term Debt	5.57	10.81	145.64	121.11	10.01	-
Long-Term Leases	12.99	15.93	27.94	17.82	19.09	-
Long-Term Unearned Revenue	56	53.86	45.03	40.05	34.18	39.69
Long-Term Deferred Tax Liabilities	5.79	5.67	1.41	3.16	-	-
Other Long-Term Liabilities	2.2	3.39	2.17	-	-	-
Total Liabilities	309.13	421.53	396.4	372.78	234.4	103.16
Common Stock	403.81	403.81	403.81	403.17	400.15	356.15
Additional Paid-In Capital	804.98	764.54	721.9	594.93	341.63	66.7
Retained Earnings	719.55	637.03	574.26	547.22	300.5	112.41
Treasury Stock	-61	-61	-	-	-	-
Comprehensive Income & Other	7.31	4.04	3.56	0.79	-0.01	-0.14
Total Common Equity	1,875	1,748	1,704	1,546	1,042	535.12
Minority Interest	157.31	139.65	26.64	34.01	2.86	1.57
Shareholders' Equity	2,032	1,888	1,730	1,580	1,045	536.69
Total Liabilities & Equity	2,341	2,310	2,127	1,953	1,280	639.85
Total Debt	43.25	117.54	212.74	157.03	45.98	5.01
Net Cash (Debt)	296.78	356.75	436.18	248.96	360.59	243.65
Net Cash Growth	-4.14%	-18.21%	75.20%	-30.96%	47.99%	7.08%
Net Cash Per Share	0.74	0.89	1.08	0.62	0.95	0.68
Filing Date Shares Outstanding	400.75	400.75	403.81	403.17	400.15	356.15
Total Common Shares Outstanding	400.75	400.75	403.81	403.17	400.15	356.15
Working Capital	938.54	888.25	1,004	712.16	483.87	313.63
Book Value Per Share	4.68	4.36	4.22	3.83	2.60	1.50
Tangible Book Value	1,587	1,490	1,528	1,344	1,027	522.09
Tangible Book Value Per Share	3.96	3.72	3.78	3.33	2.57	1.47
Buildings	-	348.03	130.59	128.27	123.04	121
Machinery	-	451.19	307.97	266.63	170.8	139.32
Construction In Progress	-	6.42	118.51	37.2	7.91	4.18

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