SHA:688717 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	3,073	3,176	3,039	791.43	200.4	168.62
Cash & Short-Term Investments	3,073	3,176	3,039	791.43	200.4	168.62
Cash Growth	-13.66%	4.52%	283.95%	294.92%	18.85%	455.11%
Accounts Receivable	863.98	463.57	357.44	460.47	55.92	35.39
Other Receivables	69.93	17.94	26.26	52.91	18.14	4.34
Receivables	933.91	481.52	383.7	513.38	74.06	39.73
Inventory	1,621	1,036	1,033	1,303	412.75	130
Prepaid Expenses	-	9.35	0.75	-	-	-
Other Current Assets	134.73	124.32	92.11	154.36	30.34	12.96
Total Current Assets	5,763	4,827	4,549	2,762	717.56	351.3
Property, Plant & Equipment	969.09	811.44	570.73	336.82	102.81	30.87
Long-Term Investments	0.29	0.27	0.27	0.25	0.26	0.27
Other Intangible Assets	156.49	74.25	111.22	62.65	13.27	12.96
Long-Term Deferred Tax Assets	141.8	93.04	64.09	57.57	14.82	11.53
Long-Term Deferred Charges	36.4	51.73	49.89	4.32	5.26	0.2
Other Long-Term Assets	247.13	278.55	10.39	6.29	7.14	1.02
Total Assets	7,314	6,136	5,355	3,230	861.11	408.14
Accounts Payable	2,200	1,125	354.84	1,201	367.76	117.1
Accrued Expenses	183.62	211.21	271.16	191.56	58.72	21.77
Short-Term Debt	-	-	-	69.1	126.78	128
Current Portion of Leases	25.41	25.21	21.61	12.92	8.57	-
Current Income Taxes Payable	26.7	8.15	22.02	147.87	7.68	-
Current Unearned Revenue	66.37	103.13	95.58	102.8	74.29	17.36
Other Current Liabilities	89.89	103.29	68.67	64.86	11.8	4.31
Total Current Liabilities	2,592	1,576	833.88	1,790	655.6	288.54
Long-Term Leases	16.43	33.92	46.65	25.05	14.38	-
Long-Term Unearned Revenue	28.49	27.3	8.01	-	-	-
Long-Term Deferred Tax Liabilities	0.53	0.53	0.09	0.08	1.2	-
Other Long-Term Liabilities	125.18	99.98	126.11	131.82	40.59	33.81
Total Liabilities	2,763	1,737	1,015	1,947	711.77	322.35
Common Stock	160	160	160	120	60	60
Additional Paid-In Capital	1,978	1,978	1,978	29.9	89.9	89.9
Retained Earnings	2,400	2,250	2,196	1,132	-2.31	-63.96
Comprehensive Income & Other	13.24	10.92	6.16	1.83	1.75	-0.14
Shareholders' Equity	4,551	4,399	4,340	1,283	149.34	85.79
Total Liabilities & Equity	7,314	6,136	5,355	3,230	861.11	408.14
Total Debt	41.84	59.13	68.25	107.06	149.73	128
Net Cash (Debt)	3,031	3,117	2,970	684.36	50.67	40.62
Net Cash Growth	-13.30%	4.93%	334.05%	1250.54%	24.75%	-
Net Cash Per Share	18.95	19.44	24.75	5.70	0.42	0.34
Filing Date Shares Outstanding	160	160	160	120	60	118.09
Total Common Shares Outstanding	160	160	160	120	60	118.09
Working Capital	3,171	3,251	3,715	972.47	61.96	62.77
Book Value Per Share	28.45	27.49	27.13	10.70	2.49	0.73
Tangible Book Value	4,395	4,325	4,229	1,221	136.07	72.84
Tangible Book Value Per Share	27.47	27.03	26.43	10.17	2.27	0.62
Buildings	-	424.99	158.76	109.23	-	-
Machinery	-	378.58	251.75	181.02	41.97	30.91
Construction In Progress	-	54.32	148.39	39.93	60.47	18.54

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