SHA:688710 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	1,254	1,370	1,158	1,255	638.77	198.64
Short-Term Investments	-	-	-	-	12.33	2.43
Cash & Short-Term Investments	1,254	1,370	1,158	1,255	651.1	201.07
Cash Growth	-15.47%	18.25%	-7.69%	92.70%	223.82%	-5.55%
Accounts Receivable	346.75	359.88	273.91	228.07	139.5	47.03
Other Receivables	8.12	22.74	17.81	6.06	-	-
Receivables	354.87	382.62	291.72	234.13	139.54	47.17
Inventory	431.3	332.02	510.54	489.47	396.85	212.99
Other Current Assets	86.35	83.83	25.51	34.48	68.05	58.69
Total Current Assets	2,127	2,168	1,986	2,013	1,256	519.92
Property, Plant & Equipment	736.53	703.96	438.88	444.53	443.69	148.29
Other Intangible Assets	103.44	105.52	109.47	10.91	5.39	3.3
Long-Term Deferred Tax Assets	26.21	17.94	13.21	7.78	7.58	1.54
Long-Term Deferred Charges	63.65	70.45	77.02	81.57	73.78	79.08
Other Long-Term Assets	117.44	153.65	150.86	60.72	16.62	4.54
Total Assets	3,174	3,220	2,775	2,618	1,803	756.68
Accounts Payable	78.29	46.82	83.99	59.4	83.53	41.57
Accrued Expenses	22.86	38.99	75.29	65.6	60.73	34.47
Short-Term Debt	-	0.5	8.01	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	39.06	0.06
Current Portion of Leases	13.59	29.28	23.39	17.57	17.91	-
Current Income Taxes Payable	4.44	5.12	2.98	7.13	9.46	4.88
Current Unearned Revenue	390.59	347.3	607.29	722	534.11	341.14
Other Current Liabilities	116.65	100.35	80.36	30	20.76	4.78
Total Current Liabilities	626.42	568.37	881.31	901.71	765.57	426.91
Long-Term Debt	-	-	-	-	-	39
Long-Term Leases	111.79	201.32	215.1	229.23	239.28	-
Long-Term Unearned Revenue	60.04	41.34	38.78	45.76	43.34	53.1
Other Long-Term Liabilities	0.84	6.39	0.76	-	0	0.2
Total Liabilities	799.08	817.42	1,136	1,177	1,048	519.21
Common Stock	140.98	140.98	105.73	105.73	87.13	59.31
Additional Paid-In Capital	1,694	1,688	1,098	1,081	475.48	112.83
Retained Earnings	502.7	562.6	414.83	220.38	134.38	65.33
Comprehensive Income & Other	-0.14	0.06	-	-	-	-
Total Common Equity	2,337	2,392	1,618	1,407	696.99	237.47
Minority Interest	37.98	10.19	21.42	34.35	57.43	-
Shareholders' Equity	2,375	2,402	1,639	1,442	754.41	237.47
Total Liabilities & Equity	3,174	3,220	2,775	2,618	1,803	756.68
Total Debt	125.38	231.1	246.5	246.8	296.25	39.06
Net Cash (Debt)	1,129	1,138	911.73	1,008	354.85	162.01
Net Cash Growth	-8.76%	24.87%	-9.54%	184.03%	119.03%	-1.10%
Net Cash Per Share	7.74	9.71	8.63	10.42	4.83	2.74
Filing Date Shares Outstanding	140.98	140.98	105.73	96.72	87.13	59.15
Total Common Shares Outstanding	140.98	140.98	105.73	96.72	87.13	59.15
Working Capital	1,500	1,600	1,105	1,111	489.97	93
Book Value Per Share	16.58	16.97	15.30	14.55	8.00	4.01
Tangible Book Value	2,234	2,286	1,509	1,396	691.59	234.17
Tangible Book Value Per Share	15.84	16.22	14.27	14.44	7.94	3.96
Buildings	-	103.59	44.04	25.53	24.35	-
Machinery	-	379.74	316.83	288.03	223.18	180.35
Construction In Progress	-	239.02	40.75	0.28	0.3	-

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