SHA:688700 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	221.7	223.74	152.69	169.41	190.93	145.92
Trading Asset Securities	13.01	96.97	253.79	212.38	253.32	-
Cash & Short-Term Investments	234.71	320.7	406.47	381.79	444.25	145.92
Cash Growth	1.64%	-21.10%	6.46%	-14.06%	204.45%	10.35%
Accounts Receivable	801.49	729.1	742.67	664.02	529.72	354.06
Other Receivables	9.63	4.68	0.64	0.64	0.44	3.88
Receivables	811.12	733.78	743.31	664.66	530.16	357.94
Inventory	932.73	634.15	411.57	374.09	341.45	223.94
Prepaid Expenses	14.19	19.19	14.06	0.18	0.28	0.72
Other Current Assets	15.33	11.24	21.86	26.48	14.73	10.95
Total Current Assets	2,008	1,719	1,597	1,447	1,331	739.46
Property, Plant & Equipment	416.64	375.45	324.12	225.72	126.98	81.03
Long-Term Investments	512.55	501.81	457.18	-	-	-
Other Intangible Assets	81.58	82.39	73.24	72.21	13.81	25.73
Long-Term Deferred Tax Assets	45.46	34.79	26.03	17.97	14.37	10.88
Long-Term Deferred Charges	0.05	0.15	1.52	2.66	1	1.34
Other Long-Term Assets	80.82	4.32	2.54	1.93	5.37	-
Total Assets	3,145	2,718	2,482	1,768	1,492	858.44
Accounts Payable	594.04	453.93	363.75	386.13	361.26	228.38
Accrued Expenses	46.33	50.97	52.11	53.93	48.13	34.57
Current Portion of Leases	1.22	1.58	3.08	3.1	-	-
Current Income Taxes Payable	14.16	6.44	5.57	6.17	7.95	4.11
Current Unearned Revenue	559.91	368.12	216.99	262.41	215.49	160.17
Other Current Liabilities	68.57	45.99	55.59	74.1	60.18	51.66
Total Current Liabilities	1,284	927.02	697.1	785.84	693.01	478.89
Long-Term Leases	1.69	2.46	3.9	5.12	-	-
Long-Term Unearned Revenue	27.95	19.27	7.5	-	-	-
Long-Term Deferred Tax Liabilities	5.48	4.84	3.05	0.5	0.29	0.17
Other Long-Term Liabilities	30.17	30.77	34.06	38.29	30.32	21.35
Total Liabilities	1,350	984.36	745.61	829.75	723.61	500.41
Common Stock	298.4	298.4	229.63	147.2	147.2	110.4
Additional Paid-In Capital	916.62	910.81	979.58	350.31	350.31	93.06
Retained Earnings	594.64	539.07	527.11	440.45	271.29	154.57
Treasury Stock	-15.06	-15.06	-	-	-	-
Comprehensive Income & Other	1.05	0.4	-0	-	-	-
Shareholders' Equity	1,796	1,734	1,736	937.96	768.8	358.03
Total Liabilities & Equity	3,145	2,718	2,482	1,768	1,492	858.44
Total Debt	2.91	4.04	6.98	8.22	-	-
Net Cash (Debt)	231.79	316.66	399.49	373.57	444.25	145.92
Net Cash Growth	2.32%	-20.73%	6.94%	-15.91%	204.45%	10.35%
Net Cash Per Share	0.78	1.05	1.37	1.32	1.79	0.69
Filing Date Shares Outstanding	298	298	298.52	283.21	283.21	212.41
Total Common Shares Outstanding	298	298	298.52	283.21	283.21	212.41
Working Capital	723.84	792.05	900.18	661.38	637.87	260.57
Book Value Per Share	6.03	5.82	5.82	3.31	2.71	1.69
Tangible Book Value	1,714	1,651	1,663	865.74	754.98	332.3
Tangible Book Value Per Share	5.75	5.54	5.57	3.06	2.67	1.56
Buildings	-	282.3	152.27	87.7	36.76	36.76
Machinery	-	85.75	79.5	70.67	36.94	28.49
Construction In Progress	-	12.42	89.61	63.7	76.15	33.95

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