SHA:688692 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
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
Cash & Equivalents	2,821	2,980	1,113	858.64	773.86
Cash & Short-Term Investments	2,821	2,980	1,113	858.64	773.86
Cash Growth	4.30%	167.72%	29.65%	10.96%	-
Accounts Receivable	577.36	430.99	377.95	363.47	331.66
Other Receivables	39.42	39.4	25.48	22.2	28.13
Receivables	616.78	470.39	403.43	385.67	359.79
Inventory	8.05	2.53	73.11	72.42	46.57
Prepaid Expenses	-	-	12.27	11.14	-
Other Current Assets	112.62	11.23	9	8.5	12.6
Total Current Assets	3,558	3,465	1,611	1,336	1,193
Property, Plant & Equipment	438.03	262.63	155.76	84.21	69
Other Intangible Assets	18.12	16.64	17.52	14.39	14.01
Long-Term Accounts Receivable	4.29	4.17	4.26	2.57	2.5
Long-Term Deferred Tax Assets	47.09	36.7	31.34	26.04	18.92
Long-Term Deferred Charges	0.91	1.86	3.28	3.81	4.58
Other Long-Term Assets	1.56	0.69	1.76	2.7	2.29
Total Assets	4,068	3,787	1,825	1,470	1,304
Accounts Payable	96.88	52.75	61.32	53.25	37.17
Accrued Expenses	143.79	206.38	161.79	120.87	127.26
Current Portion of Leases	6.97	12.46	13.76	10.94	10.75
Current Income Taxes Payable	36.74	21.09	14.63	12.63	24.68
Current Unearned Revenue	72.57	98.36	80.94	87.16	115.52
Other Current Liabilities	75.75	45.02	3.81	2.73	3.67
Total Current Liabilities	432.7	436.05	336.25	287.58	319.05
Long-Term Leases	34.05	6.29	15.1	17.59	26.04
Long-Term Unearned Revenue	10.2	72.99	52.41	40.55	35.17
Other Long-Term Liabilities	-	9.18	11.64	7.73	4.12
Total Liabilities	546.81	524.51	415.41	353.44	384.38
Common Stock	113.24	76	57	57	57
Additional Paid-In Capital	1,823	1,860	292.9	292.9	292.9
Retained Earnings	1,563	1,302	1,061	765.28	564.69
Total Common Equity	3,499	3,238	1,411	1,115	914.59
Minority Interest	22.02	25.18	-1.7	1.46	5.16
Shareholders' Equity	3,521	3,263	1,410	1,117	919.75
Total Liabilities & Equity	4,068	3,787	1,825	1,470	1,304
Total Debt	41.02	18.75	28.86	28.53	36.79
Net Cash (Debt)	2,780	2,962	1,084	830.12	737.07
Net Cash Growth	3.54%	173.12%	30.63%	12.62%	-
Net Cash Per Share	24.51	29.88	12.76	9.78	8.68
Filing Date Shares Outstanding	113.24	113.24	84.93	84.92	84.94
Total Common Shares Outstanding	113.24	113.24	84.93	84.92	84.94
Working Capital	3,125	3,029	1,275	1,049	873.78
Book Value Per Share	30.90	28.59	16.62	13.13	10.77
Tangible Book Value	3,481	3,221	1,394	1,101	900.58
Tangible Book Value Per Share	30.74	28.44	16.41	12.96	10.60
Buildings	-	7.34	7.34	7.34	7.34
Machinery	-	97	83.51	77.79	56.14
Construction In Progress	-	215.59	100.81	20.43	-

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