SHA:688701 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	46.95	29.66	100.5	197.39	232.29	85.47
Trading Asset Securities	0.5	0.5	-	-	-	-
Cash & Short-Term Investments	47.45	30.16	100.5	197.39	232.29	85.47
Cash Growth	22.49%	-69.99%	-49.08%	-15.03%	171.78%	-6.68%
Accounts Receivable	367.78	488.15	537.09	459.87	480.11	366.5
Other Receivables	7.34	8.27	10.72	43.11	22.05	11.86
Receivables	375.12	496.41	547.81	502.98	502.16	378.36
Inventory	5.58	4.27	4.7	4.19	0.68	0.89
Other Current Assets	8.88	4.16	4.44	9.94	16.51	5.92
Total Current Assets	437.03	535.01	657.45	714.5	751.64	470.63
Property, Plant & Equipment	21.75	27.24	27.85	38.35	38.53	23.89
Long-Term Deferred Tax Assets	24.31	24.16	20.4	11.51	9.43	4.48
Long-Term Deferred Charges	0.1	0.08	0.29	0.56	0.64	-
Other Long-Term Assets	1.5	-	-	1.05	-	0.04
Total Assets	484.69	586.48	705.99	765.98	800.25	499.05
Accounts Payable	144.92	201.73	187.77	131.58	156.47	113.35
Accrued Expenses	6.15	16.05	18.87	11.13	12.94	14.66
Short-Term Debt	130.13	127.12	156.2	201.07	88.45	71.94
Current Portion of Long-Term Debt	6.95	7.01	30.05	-	21.03	-
Current Portion of Leases	-	5.35	3.24	4.16	3.18	-
Current Income Taxes Payable	0.25	0.01	0.01	0.01	6.59	5.44
Current Unearned Revenue	5.79	10.67	11.64	10.02	0.69	0.47
Other Current Liabilities	38.98	14.28	6.97	4.25	0.75	1.64
Total Current Liabilities	333.16	382.22	414.75	362.23	290.1	207.5
Long-Term Debt	2	2	10	-	-	-
Long-Term Leases	2.41	3.37	0.15	1.77	0.81	-
Total Liabilities	337.57	387.6	424.9	364	290.9	207.5
Common Stock	134.28	134.28	134.28	134.28	134.28	100.71
Additional Paid-In Capital	175.64	175.64	175.64	175.64	175.64	8.42
Retained Earnings	-163.19	-111.03	-28.83	92.06	199.43	182.42
Total Common Equity	146.73	198.89	281.09	401.98	509.35	291.55
Minority Interest	0.4	-	-	-	-	-
Shareholders' Equity	147.12	198.89	281.09	401.98	509.35	291.55
Total Liabilities & Equity	484.69	586.48	705.99	765.98	800.25	499.05
Total Debt	141.49	144.86	199.64	207	113.46	71.94
Net Cash (Debt)	-94.04	-114.7	-99.14	-9.61	118.83	13.53
Net Cash Growth	-	-	-	-	778.34%	-
Net Cash Per Share	-0.69	-0.85	-0.74	-0.07	0.90	0.13
Filing Date Shares Outstanding	134.28	134.28	134.28	134.28	134.28	100.71
Total Common Shares Outstanding	134.28	134.28	134.28	134.28	134.28	100.71
Working Capital	103.87	152.78	242.7	352.27	461.55	263.14
Book Value Per Share	1.09	1.48	2.09	2.99	3.79	2.90
Tangible Book Value	146.73	198.89	281.09	401.98	509.35	291.55
Tangible Book Value Per Share	1.09	1.48	2.09	2.99	3.79	2.90
Buildings	-	0.51	0.51	0.51	0.51	0.51
Machinery	-	49.83	51.15	52.48	51.76	33.85
Construction In Progress	-	3.64	0.15	-	-	-

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