FRA:D1Y 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	27,494	23,534	27,431	26,990	27,410	29,824
Trading Asset Securities	8,933	9,425	9,936	8,096	8,276	6,183
Cash & Short-Term Investments	36,428	32,959	37,367	35,086	35,686	36,007
Cash Growth	-3.08%	-11.80%	6.50%	-1.68%	-0.89%	17.62%
Accounts Receivable	76,376	89,297	83,745	89,037	88,992	94,285
Other Receivables	6,676	1,023	1,426	1,158	1,006	672.89
Receivables	83,052	90,320	85,171	90,195	89,998	94,957
Inventory	22,166	16,951	21,128	24,555	21,434	20,309
Other Current Assets	16,674	3,809	4,838	4,277	3,901	5,192
Total Current Assets	158,320	144,039	148,504	154,114	151,019	156,465
Property, Plant & Equipment	205,555	231,286	225,015	223,964	210,705	202,436
Long-Term Investments	35,396	37,136	36,770	33,931	29,494	21,948
Goodwill	35,110	34,377	32,244	32,634	32,323	33,290
Other Intangible Assets	52,756	31,291	29,881	28,940	25,602	19,074
Long-Term Accounts Receivable	-	3,205	4,688	4,100	3,607	11,930
Long-Term Deferred Tax Assets	8,806	8,603	8,437	7,612	6,296	6,565
Other Long-Term Assets	6,661	4,070	3,359	4,047	4,955	4,933
Total Assets	508,733	494,007	488,898	489,344	464,001	456,643
Accounts Payable	64,678	61,715	64,420	68,738	60,163	59,591
Accrued Expenses	1,616	25.82	28.53	67.11	33.4	1.56
Short-Term Debt	50,702	1,083	1,177	-	544.95	2,388
Current Portion of Long-Term Debt	-	82,129	73,980	77,688	73,947	89,460
Current Portion of Leases	-	418.14	291.31	382	442.45	633.25
Current Income Taxes Payable	2,550	1,380	1,545	2,213	4,009	4,777
Current Unearned Revenue	12,723	10,597	10,033	10,520	12,324	15,278
Other Current Liabilities	57,765	24,115	25,321	29,550	32,091	26,083
Total Current Liabilities	190,033	181,463	176,795	189,158	183,555	198,211
Long-Term Debt	108,691	109,782	110,926	96,548	93,185	85,629
Long-Term Leases	2,144	2,148	1,834	1,832	2,567	2,697
Long-Term Unearned Revenue	2,227	2,279	2,233	2,398	2,245	2,234
Pension & Post-Retirement Benefits	-	329.19	303.8	426.77	217.03	240.88
Long-Term Deferred Tax Liabilities	3,346	3,478	3,293	2,990	2,954	2,334
Other Long-Term Liabilities	7,746	-	-	1.94	-	-
Total Liabilities	314,186	299,479	295,384	293,356	284,723	291,347
Common Stock	7,593	8,435	8,435	8,435	8,435	8,435
Additional Paid-In Capital	-	1,789	1,789	1,789	1,789	1,789
Retained Earnings	93,579	86,257	85,756	84,329	80,922	68,119
Comprehensive Income & Other	15,670	22,963	27,184	28,597	28,074	30,618
Total Common Equity	116,842	119,443	123,164	123,149	119,219	108,961
Minority Interest	77,705	75,084	70,350	72,839	60,058	56,335
Shareholders' Equity	194,547	194,528	193,514	195,988	179,277	165,296
Total Liabilities & Equity	508,733	494,007	488,898	489,344	464,001	456,643
Total Debt	161,537	195,560	188,207	176,450	170,686	180,808
Net Cash (Debt)	-125,109	-162,601	-150,841	-141,364	-135,000	-144,801
Net Cash Per Share	-16.48	-19.28	-17.88	-16.76	-16.01	-17.17
Filing Date Shares Outstanding	7,593	7,593	8,435	8,435	8,435	8,435
Total Common Shares Outstanding	7,593	8,435	8,435	8,435	8,435	8,435
Working Capital	-31,713	-37,424	-28,291	-35,044	-32,536	-41,747
Book Value Per Share	13.39	12.23	12.49	12.72	12.14	10.71
Tangible Book Value	28,976	53,776	61,039	61,575	61,294	56,597
Tangible Book Value Per Share	1.82	4.44	5.12	5.42	5.27	4.50
Land	-	135,787	131,272	131,833	126,129	116,626
Machinery	-	138,947	135,609	137,498	130,549	121,765
Construction In Progress	-	28,738	23,672	19,989	16,184	20,384

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