SHA:688695 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	187	358.16	195.2	200.17	230.28	56.88
Trading Asset Securities	228.63	135.39	-	-	-	25
Cash & Short-Term Investments	415.62	493.55	195.2	200.17	230.28	81.89
Cash Growth	-17.66%	152.84%	-2.48%	-13.08%	181.22%	34.55%
Accounts Receivable	282.96	268.78	208.59	123.36	63.03	36.73
Other Receivables	15.87	0.41	2.78	0	0.06	0.31
Receivables	298.82	269.2	211.37	123.37	63.09	37.05
Inventory	4.68	5.51	0.07	0.61	18.18	8.53
Other Current Assets	11.05	7.36	12.04	9.06	0.7	0.77
Total Current Assets	730.17	775.62	418.68	333.21	312.24	128.23
Property, Plant & Equipment	49.26	54.11	21.45	26.28	22.43	4.36
Other Intangible Assets	16.55	16.7	9.11	6.36	3.34	1.64
Long-Term Deferred Tax Assets	7.79	3.55	2.02	1.14	0.95	0.85
Long-Term Deferred Charges	5.66	-	-	-	-	-
Other Long-Term Assets	10.19	10.01	0.61	1.67	0.33	0.96
Total Assets	819.61	859.99	451.86	368.65	339.28	136.04
Accounts Payable	12.85	13.27	15.28	7.83	12.88	4.24
Accrued Expenses	7.5	15.52	21.69	10.87	11.01	9.41
Current Portion of Leases	5.07	8.07	5.79	4.98	3.92	-
Current Income Taxes Payable	0.58	3.45	5.68	3.38	1.56	2.26
Current Unearned Revenue	1.38	4.01	1.31	1.4	8.48	10.27
Other Current Liabilities	8.07	0.94	0.7	0.58	0.31	1.51
Total Current Liabilities	35.44	45.27	50.45	29.05	38.16	27.69
Long-Term Leases	3.04	2.8	6.66	10.7	13.38	-
Long-Term Unearned Revenue	1.18	0.56	1.1	2.04	5.08	5.94
Long-Term Deferred Tax Liabilities	0.06	0.04	-	-	-	-
Total Liabilities	39.73	48.67	58.21	41.79	56.62	33.62
Common Stock	85.05	85.05	63.79	63.79	63.79	56.2
Additional Paid-In Capital	525.92	525.92	147.83	147.69	147.34	20.29
Retained Earnings	168.92	200.35	182.04	115.38	71.53	25.92
Shareholders' Equity	779.89	811.32	393.66	326.86	282.66	102.42
Total Liabilities & Equity	819.61	859.99	451.86	368.65	339.28	136.04
Total Debt	8.11	10.87	12.45	15.69	17.3	-
Net Cash (Debt)	407.51	482.68	182.75	184.48	212.98	81.89
Net Cash Growth	-17.54%	164.11%	-0.93%	-13.38%	160.09%	34.55%
Net Cash Per Share	4.97	6.11	2.88	2.90	3.78	1.46
Filing Date Shares Outstanding	85.05	85.05	85.05	85.05	63.79	56.28
Total Common Shares Outstanding	85.05	85.05	63.79	63.79	63.79	56.28
Working Capital	694.73	730.35	368.22	304.16	274.08	100.54
Book Value Per Share	9.17	9.54	6.17	5.12	4.43	1.82
Tangible Book Value	763.33	794.62	384.54	320.5	279.32	100.78
Tangible Book Value Per Share	8.97	9.34	6.03	5.02	4.38	1.79
Machinery	-	61.12	24.43	22.96	15.02	12.48

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