SHA:688799 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	195.94	177.74	379.65	191.29	353.39	79.02
Short-Term Investments	-	296.78	349.66	181.66	-	-
Trading Asset Securities	100	183	15	325	400	-
Cash & Short-Term Investments	295.94	657.52	744.31	697.95	753.39	79.02
Cash Growth	-15.47%	-11.66%	6.64%	-7.36%	853.42%	11.40%
Accounts Receivable	233.18	226.19	183.54	180.54	129.2	137.1
Other Receivables	12.64	16.5	2.14	2.19	1.49	0.69
Receivables	245.83	242.69	185.68	182.73	130.68	137.78
Inventory	411	412.43	362.67	339.26	300.53	187.65
Prepaid Expenses	-	2.48	1.11	1.83	2.49	1.23
Other Current Assets	473.54	118.15	55.98	26.57	18.89	16.4
Total Current Assets	1,426	1,433	1,350	1,248	1,206	422.08
Property, Plant & Equipment	775.38	687	596.78	563.76	472.98	429.34
Long-Term Investments	202.08	43.49	47.15	36.05	34.11	7.07
Goodwill	-	32.38	32.38	32.38	-	-
Other Intangible Assets	165.28	186.09	76.62	81.06	57.56	40.22
Long-Term Deferred Tax Assets	28.52	39.81	18.73	14.2	12.29	9.56
Long-Term Deferred Charges	18.8	10.44	5.32	3.26	0.23	-
Other Long-Term Assets	164.49	27.14	50.21	29.92	14.38	12.85
Total Assets	2,781	2,460	2,177	2,009	1,798	921.12
Accounts Payable	99.04	139.92	89.5	71.13	80.9	44.47
Accrued Expenses	15.17	24.51	26.04	20.61	72.81	110.12
Short-Term Debt	-	3.77	-	-	-	-
Current Portion of Long-Term Debt	0.23	0.05	0.01	-	-	-
Current Income Taxes Payable	18.74	13.32	9.97	1.29	0.94	0.36
Current Unearned Revenue	95.88	88.99	80.13	82.41	62.75	30.27
Other Current Liabilities	105.71	148.46	130.73	119.4	42.19	37.83
Total Current Liabilities	334.76	419.02	336.38	294.83	259.59	223.05
Long-Term Debt	352.18	113.93	17.11	-	-	-
Long-Term Unearned Revenue	101.78	98.8	49.94	53.19	56.92	35
Long-Term Deferred Tax Liabilities	-	0.02	-	2.33	0.01	0.02
Other Long-Term Liabilities	-	5.28	5.28	-	1.55	-
Total Liabilities	788.72	637.06	408.7	350.35	318.07	258.07
Common Stock	131.32	93.8	93.8	93.8	93.8	70.3
Additional Paid-In Capital	850.69	850.34	850.34	850.34	850.34	218.18
Retained Earnings	1,010	859.27	779.37	652.47	535.33	374.57
Total Common Equity	1,992	1,803	1,724	1,597	1,479	663.05
Minority Interest	-	19.17	44.73	62.01	-	-
Shareholders' Equity	1,992	1,823	1,768	1,659	1,479	663.05
Total Liabilities & Equity	2,781	2,460	2,177	2,009	1,798	921.12
Total Debt	352.41	117.75	17.12	-	-	-
Net Cash (Debt)	-56.47	539.77	727.19	697.95	753.39	79.02
Net Cash Growth	-	-25.77%	4.19%	-7.36%	853.42%	11.40%
Net Cash Per Share	-0.43	4.11	5.53	5.32	6.73	0.80
Filing Date Shares Outstanding	131.32	131.32	131.32	131.32	131.32	98.42
Total Common Shares Outstanding	131.32	131.32	131.32	131.32	131.32	98.42
Working Capital	1,092	1,014	1,013	953.5	946.38	199.02
Book Value Per Share	15.17	13.73	13.12	12.16	11.27	6.74
Tangible Book Value	1,827	1,585	1,615	1,483	1,422	622.83
Tangible Book Value Per Share	13.91	12.07	12.29	11.29	10.83	6.33
Buildings	-	329.86	325.35	313.1	304.86	296.87
Machinery	-	526.21	491.33	372.49	274.63	214.64
Construction In Progress	-	143.06	27.62	70.5	43.05	35.68

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