SHA:688722 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	Jan '21 Jan 1, 2021
Cash & Equivalents	359.54	503.61	456.42	728.47	315.52	147.88
Trading Asset Securities	-	-	-	-	300.12	201.3
Cash & Short-Term Investments	359.54	503.61	456.42	728.47	615.64	349.18
Cash Growth	-20.38%	10.34%	-37.34%	18.33%	76.31%	-7.85%
Accounts Receivable	146.39	50.53	26.04	14.82	17.12	8.75
Other Receivables	4.47	3.58	5.62	7.5	0.96	1.1
Receivables	150.85	54.11	31.66	22.32	18.08	9.85
Inventory	340.11	198.34	197.95	133.44	114.82	98.95
Other Current Assets	20.66	18.51	28.23	63.17	7.12	10.48
Total Current Assets	871.17	774.57	714.27	947.4	755.66	468.45
Property, Plant & Equipment	982.35	701.21	635.04	425.36	285.45	281.67
Goodwill	75.5	19.33	19.33	19.33	-	-
Other Intangible Assets	135.79	59.79	61.99	63.55	43.15	44.14
Long-Term Deferred Tax Assets	13.69	1.15	1.24	0.79	0.88	1.37
Long-Term Deferred Charges	10.23	5.57	1.35	0.19	-	-
Other Long-Term Assets	33.87	3.89	19.65	34.63	8.01	5.2
Total Assets	2,123	1,566	1,453	1,491	1,093	800.83
Accounts Payable	114.81	43.62	45.77	38.75	22.92	30.36
Accrued Expenses	32.96	20.01	14.25	20.61	16.24	11.39
Short-Term Debt	16.95	21.02	23.84	3.01	-	-
Current Portion of Long-Term Debt	-	-	-	19.59	-	-
Current Portion of Leases	34.11	-	0.07	3.76	3.72	-
Current Income Taxes Payable	8.77	1.16	-	8.78	0.46	0.37
Current Unearned Revenue	25	25.23	26.09	104.99	20.68	9.31
Other Current Liabilities	79.9	8.5	13.93	17.5	5.49	6.01
Total Current Liabilities	312.5	119.55	123.95	216.99	69.51	57.44
Long-Term Leases	-	-	0	0.07	1.85	-
Long-Term Unearned Revenue	19.5	17.42	16.43	16.81	17.33	17.85
Long-Term Deferred Tax Liabilities	22.52	5.2	5.59	9.53	1.18	1.39
Other Long-Term Liabilities	66.71	5.16	5.21	4.3	2.44	3.18
Total Liabilities	564.47	147.32	151.18	247.71	92.31	79.87
Common Stock	224.67	224.67	224.67	224.67	224.67	168.5
Additional Paid-In Capital	640.61	646.31	644.64	642.39	639.9	468.71
Retained Earnings	548.18	470.15	360.18	307.65	136.28	83.75
Total Common Equity	1,413	1,341	1,229	1,175	1,001	720.96
Minority Interest	144.68	77.05	72.21	68.84	-	-
Shareholders' Equity	1,558	1,418	1,302	1,244	1,001	720.96
Total Liabilities & Equity	2,123	1,566	1,453	1,491	1,093	800.83
Total Debt	194.31	21.02	23.91	26.43	5.56	-
Net Cash (Debt)	165.23	482.6	432.51	702.03	610.07	349.18
Net Cash Growth	-62.06%	11.58%	-38.39%	15.07%	74.72%	-0.44%
Net Cash Per Share	0.73	2.15	1.91	3.11	3.48	2.09
Filing Date Shares Outstanding	224.67	224.67	224.67	224.67	224.67	168.5
Total Common Shares Outstanding	224.67	224.67	224.67	224.67	224.67	168.5
Working Capital	558.67	655.02	590.32	730.42	686.15	411.01
Book Value Per Share	6.29	5.97	5.47	5.23	4.45	4.28
Tangible Book Value	1,202	1,262	1,148	1,092	957.69	676.82
Tangible Book Value Per Share	5.35	5.62	5.11	4.86	4.26	4.02
Buildings	-	356.63	270.4	269.79	193.75	193.63
Machinery	-	531.23	331.05	255.37	173.44	129.19
Construction In Progress	-	10.84	186.48	21.05	4.84	31.7

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