SHA:688802 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	3,493	1,029	240.23	229.51
Trading Asset Securities	3,195	50.19	400.06	380.43
Cash & Short-Term Investments	6,688	1,079	640.29	609.94
Cash Growth	-	68.58%	4.98%	-
Accounts Receivable	652.76	479.44	37.1	-
Other Receivables	163.99	167.42	38.6	38.43
Receivables	816.76	646.86	75.7	38.43
Inventory	1,472	776.78	187.3	17.67
Other Current Assets	781.49	922.08	370.43	76.34
Total Current Assets	9,758	3,425	1,274	742.38
Property, Plant & Equipment	211.54	238.09	213.34	120.86
Long-Term Investments	4.15	5.13	-	-
Other Intangible Assets	149.16	175.79	97.45	100.18
Long-Term Deferred Tax Assets	0.5	0.47	0.01	0.04
Long-Term Deferred Charges	8.61	8.79	12.7	15.32
Other Long-Term Assets	17.65	36.2	35.2	65.96
Total Assets	10,150	3,890	1,632	1,045
Accounts Payable	32.93	160.86	72.75	45.94
Accrued Expenses	156.62	80.22	69.82	26.33
Short-Term Debt	178.11	494.59	119.81	-
Current Income Taxes Payable	0.63	3	0.09	-
Current Unearned Revenue	84.22	134.39	34.13	-
Other Current Liabilities	83.58	48.26	44.28	40.13
Total Current Liabilities	552.67	921.32	340.88	112.4
Long-Term Leases	27.74	34.56	75.88	7.02
Long-Term Unearned Revenue	15.67	14.18	4.49	0.8
Long-Term Deferred Tax Liabilities	0.17	0.06	0.23	0.29
Other Long-Term Liabilities	8.01	1,741	0.06	-
Total Liabilities	604.26	2,711	421.55	120.51
Common Stock	360	8.58	6.17	5.21
Additional Paid-In Capital	10,348	1,985	3,241	2,084
Retained Earnings	-1,161	-815.01	-2,036	-1,165
Comprehensive Income & Other	-1.57	-0.52	0.08	-0.01
Shareholders' Equity	9,546	1,178	1,211	924.23
Total Liabilities & Equity	10,150	3,890	1,632	1,045
Total Debt	222.44	529.15	195.7	7.02
Net Cash (Debt)	6,466	550.23	444.59	602.92
Net Cash Growth	-	23.76%	-26.26%	-
Net Cash Per Share	16.16	2.74	-	-
Filing Date Shares Outstanding	400.1	8.58	-	-
Total Common Shares Outstanding	400.1	8.58	-	-
Working Capital	9,206	2,504	932.84	629.98
Book Value Per Share	23.86	137.26	-	-
Tangible Book Value	9,396	1,003	1,113	824.05
Tangible Book Value Per Share	23.49	116.78	-	-
Machinery	384.91	330.69	208.37	133.82
Construction In Progress	1.56	2.17	1.44	-

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