SHA:688765 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	74.82	160.4	235.97	387.56	243.41	150.71
Cash & Short-Term Investments	74.82	160.4	235.97	387.56	243.41	150.71
Cash Growth	-68.29%	-32.02%	-39.11%	59.22%	61.51%	950.02%
Accounts Receivable	0.38	0.14	0.2	0.09	0.02	0.02
Other Receivables	0.99	0.35	0.35	0.29	0.77	0.17
Receivables	1.37	0.49	0.55	0.38	0.79	0.19
Inventory	105.95	50.02	35.73	25.66	12.52	13.37
Other Current Assets	58.84	26.43	16.42	34.78	26.49	5.81
Total Current Assets	240.97	237.34	288.67	448.38	283.21	170.07
Property, Plant & Equipment	961.18	733.42	606.23	580.78	208.24	43.24
Other Intangible Assets	85.07	87.39	66.24	68.08	24.53	26.23
Long-Term Deferred Charges	3.3	3.56	0.07	-	-	-
Other Long-Term Assets	173.51	0.1	0.99	5.43	77.16	0.17
Total Assets	1,464	1,062	962.2	1,103	593.13	239.71
Accounts Payable	32.18	175.9	105.77	169.84	122.1	5.58
Accrued Expenses	4.63	8.78	9.56	7.88	6.05	5.7
Short-Term Debt	-	10.01	-	-	-	0.1
Current Portion of Long-Term Debt	48.42	7.36	1.07	1.02	-	0.31
Current Portion of Leases	-	2.27	0.29	0.55	0.37	-
Current Unearned Revenue	3.43	2.45	1.87	1.14	1.1	5.14
Other Current Liabilities	286.32	25.89	2.14	10.39	2.02	1.12
Total Current Liabilities	376.13	232.67	120.7	190.82	131.63	17.95
Long-Term Debt	538.6	184	90.12	13.13	-	9.6
Long-Term Leases	19.65	19.29	2.45	0.54	0.39	-
Long-Term Unearned Revenue	31.21	23.02	15.83	1.43	1.79	3.93
Other Long-Term Liabilities	1.49	1.49	1.49	1.49	-	-
Total Liabilities	967.08	460.46	230.58	207.41	133.81	31.48
Common Stock	268.05	268.05	268.05	268.05	239.13	55.89
Additional Paid-In Capital	1,202	1,185	1,164	1,140	589.64	387.76
Retained Earnings	-972.63	-851.36	-699.99	-513.03	-369.45	-235.42
Shareholders' Equity	496.95	601.35	731.62	895.26	459.32	208.23
Total Liabilities & Equity	1,464	1,062	962.2	1,103	593.13	239.71
Total Debt	606.67	222.93	93.93	15.25	0.76	10.01
Net Cash (Debt)	-531.85	-62.53	142.04	372.31	242.65	140.69
Net Cash Growth	-	-	-61.85%	53.44%	72.47%	5104.02%
Net Cash Per Share	-1.97	-0.23	0.53	1.43	1.12	2.82
Filing Date Shares Outstanding	268.05	268.05	268.05	261.05	268.05	49.86
Total Common Shares Outstanding	268.05	268.05	268.05	261.05	239.13	49.86
Working Capital	-135.16	4.68	167.97	257.57	151.58	152.12
Book Value Per Share	1.85	2.24	2.73	3.43	1.92	4.18
Tangible Book Value	411.88	513.96	665.38	827.18	434.8	182.01
Tangible Book Value Per Share	1.54	1.92	2.48	3.17	1.82	3.65

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