SHA:688726 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
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
Cash & Equivalents	906.12	1,074	970.21	1,379	85.97
Short-Term Investments	1,005	367.85	53.25	-	-
Trading Asset Securities	629.49	715.62	541	284.73	71.8
Cash & Short-Term Investments	2,541	2,157	1,564	1,663	157.77
Cash Growth	172.78%	37.89%	-5.95%	954.34%	-
Accounts Receivable	3,062	1,784	1,731	698.52	320.33
Other Receivables	20.73	12.26	21.03	-3.42	0.32
Receivables	3,083	1,796	1,752	695.1	320.66
Inventory	3,316	4,335	6,053	2,103	372.54
Other Current Assets	221.03	188.31	440.74	260.76	64.7
Total Current Assets	9,161	8,476	9,810	4,722	915.67
Property, Plant & Equipment	313.81	339.44	285.99	162.05	112.66
Long-Term Investments	287.41	979.59	844.88	151.45	30.24
Other Intangible Assets	144.29	152.63	128.51	32.02	32.46
Long-Term Deferred Tax Assets	155.42	123.04	101.96	43.41	40.57
Long-Term Deferred Charges	17.78	26.4	42.46	11.38	3.02
Other Long-Term Assets	59.12	12.37	10.15	7.88	1.64
Total Assets	10,138	10,109	11,224	5,131	1,136
Accounts Payable	2,172	1,841	2,607	1,361	239.44
Accrued Expenses	90.3	124.32	140.58	81.67	15.52
Short-Term Debt	37.73	70.05	170.09	-	15.02
Current Portion of Long-Term Debt	104.45	67.29	31.7	12.91	5.44
Current Income Taxes Payable	81.83	63.59	60.26	1.56	-
Current Unearned Revenue	3,173	3,932	5,678	1,783	380.96
Other Current Liabilities	210.96	175.38	296.84	166.67	74.39
Total Current Liabilities	5,870	6,274	8,985	3,407	730.78
Long-Term Debt	91.54	165.22	61.47	-	-
Long-Term Leases	47.44	57.4	31.47	74.49	55.08
Long-Term Unearned Revenue	3.04	2.74	-	-	-
Other Long-Term Liabilities	88.39	70.03	35.55	17.22	22.11
Total Liabilities	6,101	6,569	9,113	3,499	807.96
Common Stock	405.33	405.33	364.79	364.79	12.63
Additional Paid-In Capital	1,841	1,782	1,127	1,071	555.71
Retained Earnings	1,774	1,336	606.4	195.59	-240.15
Comprehensive Income & Other	0.08	0.05	-0.05	0	0.09
Total Common Equity	4,020	3,524	2,098	1,631	328.28
Minority Interest	17.81	16.5	13.27	0.76	-
Shareholders' Equity	4,038	3,540	2,111	1,632	328.28
Total Liabilities & Equity	10,138	10,109	11,224	5,131	1,136
Total Debt	281.15	359.95	294.72	87.4	75.54
Net Cash (Debt)	2,259	1,797	1,270	1,576	82.23
Net Cash Growth	239.11%	41.54%	-19.43%	1816.61%	-
Net Cash Per Share	5.61	4.83	3.49	4.40	-
Filing Date Shares Outstanding	405.33	405.33	364.79	358.25	-
Total Common Shares Outstanding	405.33	405.33	364.79	358.25	-
Working Capital	3,290	2,202	825.57	1,316	184.89
Book Value Per Share	9.92	8.69	5.75	4.55	-
Tangible Book Value	3,876	3,371	1,969	1,599	295.82
Tangible Book Value Per Share	9.56	8.32	5.40	4.46	-
Buildings	-	167.28	70.3	33.9	33.9
Machinery	-	115.16	78.24	36.9	14.6
Construction In Progress	-	34.05	112.96	19.6	8.84

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