SHA:688755 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	784.04	473.18	497.3	480.26	89.28	45.62
Trading Asset Securities	95	-	-	-	48.16	72.04
Cash & Short-Term Investments	879.04	473.18	497.3	480.26	137.44	117.66
Cash Growth	-	-4.85%	3.55%	249.43%	16.81%	-
Accounts Receivable	228.48	181	170.92	178.89	111.35	77.66
Other Receivables	2.46	4.21	4.47	4.81	13.34	7.34
Receivables	230.94	185.21	175.39	183.7	124.69	85
Inventory	414.61	386.8	430.92	508.2	386.68	227.05
Other Current Assets	14.58	19.17	16.57	23.16	39.26	31.57
Total Current Assets	1,539	1,064	1,120	1,195	688.07	461.28
Property, Plant & Equipment	214.85	168.46	145.89	147.63	106.58	38.98
Other Intangible Assets	62.91	63.82	65.24	40.91	41.8	42.89
Long-Term Deferred Tax Assets	23.23	18.87	14.06	11.81	8.19	6.09
Long-Term Deferred Charges	6.12	4.78	7.71	8.28	6.2	7.47
Other Long-Term Assets	5.79	4.54	0.21	0.04	11.17	0.17
Total Assets	1,852	1,325	1,353	1,404	862.02	556.88
Accounts Payable	212.72	170.57	131.43	237.75	178.38	116.56
Accrued Expenses	63.41	62.58	51.38	35.93	28.88	22.32
Short-Term Debt	0.05	15.01	41.02	30.03	30.03	32.04
Current Portion of Long-Term Debt	-	-	11.51	13.51	-	-
Current Portion of Leases	0.27	0.26	0.25	-	0.27	0.08
Current Income Taxes Payable	9.3	13.85	12.77	15.34	1.5	1.35
Current Unearned Revenue	270.64	256.21	338.08	346.31	309.4	163.01
Other Current Liabilities	28.38	21.69	21.66	48.18	45.17	29.78
Total Current Liabilities	584.77	540.17	608.1	727.05	593.62	365.13
Long-Term Debt	3.15	3.15	65.07	76.56	60.1	-
Long-Term Leases	-	-	0.26	-	-	-
Long-Term Unearned Revenue	38.51	31.93	29.18	26.65	18.56	14
Other Long-Term Liabilities	10.17	9.94	12.32	6.83	4.41	4.24
Total Liabilities	636.6	585.19	714.93	837.08	676.69	383.37
Common Stock	88	66	66	66	20.97	20.97
Additional Paid-In Capital	926.16	503.16	483.87	465.11	154.06	148.19
Retained Earnings	191.02	162.8	83.46	31.96	7.51	2.65
Comprehensive Income & Other	10.3	7.67	5.04	3.85	2.79	1.7
Shareholders' Equity	1,215	739.63	638.37	566.92	185.32	173.51
Total Liabilities & Equity	1,852	1,325	1,353	1,404	862.02	556.88
Total Debt	3.47	18.42	118.12	120.1	90.39	32.12
Net Cash (Debt)	875.57	454.76	379.19	360.16	47.04	85.54
Net Cash Growth	-	19.93%	5.28%	665.59%	-45.01%	-
Net Cash Per Share	11.92	6.88	5.74	5.79	-	-
Filing Date Shares Outstanding	88	66	66	66	-	-
Total Common Shares Outstanding	88	66	66	66	-	-
Working Capital	954.4	524.19	512.08	468.27	94.45	96.15
Book Value Per Share	13.81	11.21	9.67	8.59	-	-
Tangible Book Value	1,153	675.82	573.12	526	143.52	130.62
Tangible Book Value Per Share	13.10	10.24	8.68	7.97	-	-
Buildings	-	102.48	102.48	102.13	23.71	21.28
Machinery	-	85.66	80.25	73.41	43.17	34.69
Construction In Progress	-	36.95	6.84	4.26	63.16	3.78

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