SHA:688809 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	165.43	222.18	146.58	333.19	60.36
Trading Asset Securities	30.03	50.07	100.12	68.02	20.05
Cash & Short-Term Investments	195.46	272.25	246.71	401.21	80.41
Cash Growth	-51.28%	10.36%	-38.51%	398.97%	-
Accounts Receivable	254	233.79	180.92	125.7	46.21
Other Receivables	8.74	-	2.57	0.84	0.52
Receivables	262.75	233.79	183.49	126.53	46.72
Inventory	139.32	84.87	73.14	72.47	36.63
Prepaid Expenses	-	-	-	0.02	0
Other Current Assets	42.19	34.28	14.83	17.57	11.47
Total Current Assets	639.72	625.19	518.17	617.8	175.23
Property, Plant & Equipment	699.01	525.33	381.25	268.53	119.96
Other Intangible Assets	25.26	26.29	28.29	0.67	0.41
Long-Term Deferred Tax Assets	14.76	14.6	5.19	3.44	3.47
Long-Term Deferred Charges	30.29	6.5	16.2	16.86	3.7
Other Long-Term Assets	73.35	78.75	10.92	26.61	29.9
Total Assets	1,482	1,277	960.01	933.9	332.68
Accounts Payable	105.51	57.88	37.25	43.07	14.49
Accrued Expenses	11.13	30.27	18.54	10.26	6.42
Current Portion of Leases	-	10.77	4.05	5.65	4.51
Current Income Taxes Payable	18.52	9.41	0.06	0.94	-
Current Unearned Revenue	0.64	0.88	-	0.13	0.04
Other Current Liabilities	13.01	1.12	1.34	1.07	1
Total Current Liabilities	172.48	110.33	61.24	61.13	26.45
Long-Term Leases	19.31	16.33	0.27	2.8	5.17
Long-Term Unearned Revenue	8	8	-	-	-
Long-Term Deferred Tax Liabilities	0.02	0.04	0.01	0.02	0.03
Other Long-Term Liabilities	19.3	19.36	14.79	11.35	6.4
Total Liabilities	219.11	154.06	76.31	75.3	38.06
Common Stock	97.17	97.17	97.17	97.17	78.98
Additional Paid-In Capital	813.86	811.06	805.26	798.77	297.24
Retained Earnings	352.25	214.37	-18.73	-37.39	-81.6
Comprehensive Income & Other	-	-	0.01	0.05	-
Shareholders' Equity	1,263	1,123	883.71	858.6	294.61
Total Liabilities & Equity	1,482	1,277	960.01	933.9	332.68
Total Debt	42.97	27.11	4.32	8.46	9.68
Net Cash (Debt)	152.49	245.15	242.38	392.75	70.72
Net Cash Growth	-61.18%	1.14%	-38.29%	455.35%	-
Net Cash Per Share	1.57	2.52	2.47	4.02	-
Filing Date Shares Outstanding	97.17	97.17	97.17	97.64	-
Total Common Shares Outstanding	97.17	97.17	97.17	97.64	-
Working Capital	467.24	514.86	456.93	556.67	148.78
Book Value Per Share	13.00	11.55	9.09	8.79	-
Tangible Book Value	1,238	1,096	855.42	857.93	294.21
Tangible Book Value Per Share	12.74	11.28	8.80	8.79	-
Machinery	-	427.41	372.56	220.81	94.19
Construction In Progress	-	160.09	56.44	63	27.14

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