SHA:688720 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	124.76	94.94	387.22	7.84	16.66	12.85
Short-Term Investments	96.51	41.88	54.8	68.17	-	-
Trading Asset Securities	40.71	102.07	205.22	10.05	74.41	56.44
Cash & Short-Term Investments	261.98	238.88	647.24	86.07	91.07	69.29
Cash Growth	13.19%	-63.09%	652.04%	-5.49%	31.43%	-34.94%
Accounts Receivable	251.02	227.6	184.34	123.59	144.94	100.13
Other Receivables	4.25	8.17	8.98	9.77	7.93	8.46
Receivables	255.27	235.77	193.32	133.35	152.87	108.59
Inventory	95.48	61.57	39.59	34.6	40.56	16.4
Other Current Assets	10.33	15.52	3.68	3.67	4.07	1.6
Total Current Assets	623.05	551.74	883.84	257.69	288.57	195.88
Property, Plant & Equipment	359.56	319.15	275.29	224.8	180.5	70.79
Long-Term Investments	-	318.36	92.8	54.51	51.83	10.31
Goodwill	4.86	4.86	-	-	-	-
Other Intangible Assets	16.11	16.35	10.84	12.2	9.48	8.13
Long-Term Deferred Tax Assets	9.92	9.26	9.26	9.34	1.78	1.49
Long-Term Deferred Charges	10.08	3.61	3.19	-	-	-
Other Long-Term Assets	329.09	20.77	4.68	3.72	3.45	0.4
Total Assets	1,353	1,244	1,280	562.26	535.61	287.01
Accounts Payable	78.5	59.69	77.15	52.04	74.37	17.43
Accrued Expenses	12.48	19.78	33.8	18.21	13.17	12.41
Short-Term Debt	174.34	153.65	93.93	32.69	15.81	7.37
Current Portion of Long-Term Debt	-	-	0.03	-	-	-
Current Portion of Leases	0.82	0.58	0.56	0.25	0.38	-
Current Income Taxes Payable	2.53	0.53	0.02	-	1.17	1.24
Current Unearned Revenue	7	3.45	0.77	0.34	1.54	0.45
Other Current Liabilities	16.84	15.54	16.21	6.58	7.23	5.72
Total Current Liabilities	292.52	253.22	222.48	110.11	113.68	44.63
Long-Term Debt	27.28	-	36.04	7.6	-	-
Long-Term Leases	2.8	1.34	1.54	-	0.17	-
Long-Term Unearned Revenue	11.56	8.33	-	-	-	-
Long-Term Deferred Tax Liabilities	3.42	3.12	3.58	3.36	-	-
Total Liabilities	337.58	266.01	263.64	121.07	113.85	44.63
Common Stock	88.13	88.13	88.13	66.1	66.1	61
Additional Paid-In Capital	792.47	792.47	792.47	270	270	124.6
Retained Earnings	176.64	142.17	125.82	93.16	76.49	48.82
Treasury Stock	-60.22	-60.02	-	-	-	-
Comprehensive Income & Other	13.36	11.23	9.83	11.92	9.17	7.96
Total Common Equity	1,010	973.97	1,016	441.19	421.76	242.38
Minority Interest	4.7	4.13	-	-	-	-
Shareholders' Equity	1,015	978.1	1,016	441.19	421.76	242.38
Total Liabilities & Equity	1,353	1,244	1,280	562.26	535.61	287.01
Total Debt	205.24	155.57	132.1	40.54	16.36	7.37
Net Cash (Debt)	56.74	83.31	515.14	45.53	74.7	61.91
Net Cash Growth	-46.80%	-83.83%	1031.55%	-39.06%	20.66%	-40.01%
Net Cash Per Share	0.64	0.95	7.73	0.68	1.18	0.97
Filing Date Shares Outstanding	86.69	86.99	87.91	66.1	66.1	63.55
Total Common Shares Outstanding	86.69	86.99	88.13	66.1	66.1	63.55
Working Capital	330.53	298.53	661.36	147.58	174.89	151.25
Book Value Per Share	11.66	11.20	11.53	6.67	6.38	3.81
Tangible Book Value	989.42	952.76	1,005	428.99	412.28	234.25
Tangible Book Value Per Share	11.41	10.95	11.41	6.49	6.24	3.69
Buildings	-	201.95	138.61	99.42	69.1	11.05
Machinery	-	179.45	137.47	125.04	33.69	26.6
Construction In Progress	-	2.25	40.84	26.38	93.65	48.06

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