SHA:688785 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	440.4	427.11	77.08	51.01
Trading Asset Securities	-	-	340.62	40
Cash & Short-Term Investments	440.4	427.11	417.69	91.01
Cash Growth	-	2.25%	358.95%	-
Accounts Receivable	120.63	73.78	79.32	23.05
Other Receivables	2.7	0.39	0.11	0.11
Receivables	123.32	74.17	79.43	23.16
Inventory	179.58	159.04	80.78	52.73
Other Current Assets	20.22	25.23	24.55	26.97
Total Current Assets	763.52	685.55	602.45	193.87
Property, Plant & Equipment	107.95	109.03	20.48	18.6
Other Intangible Assets	0.56	0.87	0.23	0.31
Long-Term Accounts Receivable	-	-	0.17	0.21
Long-Term Deferred Tax Assets	5.61	2.93	0.83	0.51
Long-Term Deferred Charges	3.46	2.72	3.44	2.39
Other Long-Term Assets	3.67	0.89	0.5	0.61
Total Assets	884.76	801.99	628.1	216.49
Accounts Payable	29.77	40.72	29.98	6.41
Accrued Expenses	8.96	21.27	24.33	8.78
Short-Term Debt	-	-	-	7.91
Current Portion of Leases	-	6.66	2.64	3.68
Current Income Taxes Payable	6.73	2.27	6.97	0.1
Current Unearned Revenue	36.02	17.97	5.49	9.03
Other Current Liabilities	11.82	5.27	3.13	4.36
Total Current Liabilities	93.3	94.16	72.54	40.28
Long-Term Leases	8.23	11.95	2.07	2.57
Long-Term Unearned Revenue	8.55	12.94	15.1	18.89
Total Liabilities	111.81	119.05	89.71	61.74
Common Stock	50.77	50.77	50.77	6.73
Additional Paid-In Capital	469.17	467.76	466.36	98.51
Retained Earnings	253.01	164.4	21.25	49.52
Shareholders' Equity	772.95	682.93	538.38	154.76
Total Liabilities & Equity	884.76	801.99	628.1	216.49
Total Debt	8.23	18.61	4.71	14.16
Net Cash (Debt)	432.17	408.5	412.99	76.85
Net Cash Growth	-	-1.09%	437.38%	-
Net Cash Per Share	8.49	8.05	8.41	-
Filing Date Shares Outstanding	50.77	50.77	49.11	-
Total Common Shares Outstanding	50.77	50.77	49.11	-
Working Capital	670.22	591.39	529.9	153.59
Book Value Per Share	15.22	13.45	10.96	-
Tangible Book Value	772.39	682.06	538.16	154.45
Tangible Book Value Per Share	15.21	13.43	10.96	-
Buildings	49.78	28.08	-	-
Machinery	70.85	58.69	24.54	14.92
Construction In Progress	2.27	22.18	0.01	2.17

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