SHA:688768 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	221.64	278.54	206.09	272.89	320.47	102.58
Trading Asset Securities	128.3	-	-	-	-	-
Cash & Short-Term Investments	349.94	278.54	206.09	272.89	320.47	102.58
Cash Growth	202.07%	35.15%	-24.48%	-14.85%	212.41%	14.43%
Accounts Receivable	563.99	585.12	496.59	475.67	297.52	226.05
Other Receivables	11.94	13.77	11.61	7.52	5.57	6.26
Receivables	575.92	598.88	508.21	483.19	303.09	232.31
Inventory	125.88	103.62	113.55	76.15	53.75	65.68
Prepaid Expenses	-	1.3	0.08	-	-	-
Other Current Assets	3.96	3.89	6.06	4.1	2.22	2.18
Total Current Assets	1,056	986.23	833.99	836.34	679.52	402.76
Property, Plant & Equipment	190.83	192.08	151.63	104	52.13	50.25
Other Intangible Assets	11.91	9.2	8.95	9.24	9.55	7.75
Long-Term Accounts Receivable	4.16	42.72	42.76	36.34	25.32	10.92
Long-Term Deferred Tax Assets	37.98	25.69	25.04	13.55	5.93	4.77
Other Long-Term Assets	41.43	0.07	2.87	0.31	0.41	0.36
Total Assets	1,344	1,256	1,065	999.77	772.87	476.8
Accounts Payable	128.39	90	106.25	100.04	74.79	65.44
Accrued Expenses	18	59.79	42.24	85.83	44.5	37.61
Short-Term Debt	120.67	19	77.06	20.01	-	-
Current Portion of Leases	0.75	0.41	0.79	0.76	0.77	-
Current Income Taxes Payable	11.84	0.19	2.75	6.38	3.42	6.94
Current Unearned Revenue	4.31	3.52	6.75	5.6	8.71	3.07
Other Current Liabilities	5.35	32.64	26.51	18.78	3.64	5.42
Total Current Liabilities	289.3	205.55	262.35	237.41	135.83	118.48
Long-Term Leases	2.04	-	0.41	0.52	1.33	-
Long-Term Unearned Revenue	0.82	0.89	0.98	1.08	1.17	1.3
Total Liabilities	292.48	206.43	263.73	239.01	138.33	119.78
Common Stock	87.99	87.43	81.63	54.87	54.87	41.15
Additional Paid-In Capital	476.01	463.64	319.5	338.56	317.59	135
Retained Earnings	487.84	498.54	400.4	367.33	262.24	181.01
Comprehensive Income & Other	0.13	-0.05	-0.03	-	-0.17	-0.13
Shareholders' Equity	1,052	1,050	801.51	760.76	634.53	357.02
Total Liabilities & Equity	1,344	1,256	1,065	999.77	772.87	476.8
Total Debt	123.47	19.41	78.26	21.29	2.1	-
Net Cash (Debt)	226.47	259.13	127.84	251.6	318.37	102.58
Net Cash Growth	199.77%	102.70%	-49.19%	-20.97%	210.36%	35.60%
Net Cash Per Share	2.84	3.13	1.55	3.08	4.58	1.69
Filing Date Shares Outstanding	87.99	87.43	81.63	81.2	81.2	60.85
Total Common Shares Outstanding	87.99	87.43	81.63	81.2	81.2	60.85
Working Capital	766.4	780.68	571.64	598.93	543.69	284.27
Book Value Per Share	11.96	12.00	9.82	9.37	7.81	5.87
Tangible Book Value	1,040	1,040	792.56	751.52	624.99	349.27
Tangible Book Value Per Share	11.82	11.90	9.71	9.26	7.70	5.74
Buildings	-	189.96	44.66	44.66	44.66	44.66
Machinery	-	53.88	39.44	33.32	27.57	21.74
Construction In Progress	-	-	108.62	57.64	2.07	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.