SHA:688750 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	261.8	619.55	302.72	138.93	356.37	624.91
Short-Term Investments	418.14	300.21	367.14	-	-	-
Cash & Short-Term Investments	679.95	919.76	669.87	138.93	356.37	624.91
Cash Growth	74.61%	37.30%	382.15%	-61.02%	-42.97%	-
Accounts Receivable	1,199	1,081	947.6	856.86	670.54	543.53
Other Receivables	4.15	0.62	0.13	0.04	0.04	0.07
Receivables	1,204	1,082	947.73	856.91	670.58	543.6
Inventory	484.67	356.74	393.76	364.09	315.41	271.75
Other Current Assets	3.11	3.4	5.91	2.03	22.66	58.61
Total Current Assets	2,371	2,362	2,017	1,362	1,365	1,499
Property, Plant & Equipment	718.63	538.12	555.58	471.38	429.21	449.08
Long-Term Investments	380.45	342.05	-	386.44	381.04	7.66
Other Intangible Assets	41.51	42.68	44.17	43.94	45.28	45.91
Long-Term Deferred Tax Assets	27.21	26.86	22.47	39.46	56.56	68.4
Other Long-Term Assets	20.73	57.99	8.84	41.58	38.36	11.1
Total Assets	3,560	3,370	2,648	2,345	2,315	2,081
Accounts Payable	678.14	465.68	502.7	357.04	257.86	221.29
Accrued Expenses	27.05	46.56	42.35	33.76	22.23	23.75
Short-Term Debt	-	-	-	-	100	500
Current Portion of Long-Term Debt	2.65	2	-	-	150	297
Current Portion of Leases	-	0.92	0.65	0.77	0.74	-
Current Income Taxes Payable	0.13	9.47	0.87	-	-	-
Current Unearned Revenue	0.88	0.64	4.6	0.52	34.87	42.39
Other Current Liabilities	4.05	35.68	60.71	65.26	25.07	38.49
Total Current Liabilities	712.89	560.94	611.87	457.36	590.76	1,123
Long-Term Debt	297	298	300	300	300	130
Long-Term Leases	1.08	0.95	0.71	0.98	1.76	-
Long-Term Unearned Revenue	96.79	67.83	34.58	34.35	5.46	1.99
Long-Term Deferred Tax Liabilities	0.28	0.35	0.28	-	-	-
Total Liabilities	1,108	928.08	947.44	792.69	897.98	1,255
Common Stock	462.5	462.5	370	370	1,911	1,627
Additional Paid-In Capital	1,546	1,546	1,051	1,051	289.48	79.65
Retained Earnings	429.28	420.71	268.99	121.76	-790.31	-885.31
Comprehensive Income & Other	13.81	12.09	10.45	8.86	6.85	4.98
Shareholders' Equity	2,452	2,442	1,701	1,552	1,418	826.12
Total Liabilities & Equity	3,560	3,370	2,648	2,345	2,315	2,081
Total Debt	300.73	301.87	301.36	301.76	552.49	927
Net Cash (Debt)	379.22	617.89	368.51	-162.82	-196.12	-302.09
Net Cash Growth	335.36%	67.67%	-	-	-	-
Net Cash Per Share	0.85	1.64	1.00	-0.44	-	-
Filing Date Shares Outstanding	462.5	462.5	370	370	-	-
Total Common Shares Outstanding	462.5	462.5	370	370	-	-
Working Capital	1,658	1,801	1,405	904.6	774.26	375.95
Book Value Per Share	5.30	5.28	4.60	4.19	-	-
Tangible Book Value	2,410	2,399	1,657	1,508	1,372	780.21
Tangible Book Value Per Share	5.21	5.19	4.48	4.08	-	-
Buildings	-	337.87	338.24	329.65	308.56	308.53
Machinery	-	845.88	840.58	649.4	632.87	620.42
Construction In Progress	-	52.79	9	71.33	18.33	2.91

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