SHA:600020 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	534.48	497.42	482.67	960.54	1,193	954.08
Trading Asset Securities	-	-	-	-	-	0.05
Cash & Short-Term Investments	534.48	497.42	482.67	960.54	1,193	954.13
Cash Growth	12.25%	3.06%	-49.75%	-19.48%	25.02%	-25.11%
Accounts Receivable	1,671	1,315	703.67	266.25	170.77	258.29
Other Receivables	30.26	90.48	132.24	164.2	248.16	333.04
Receivables	1,702	1,405	835.92	430.45	418.93	591.33
Inventory	4,798	4,742	4,819	4,765	3,869	3,765
Prepaid Expenses	-	18.67	41.76	16.3	77.84	45.87
Other Current Assets	79.22	5.46	6.63	6.88	576.79	16.12
Total Current Assets	7,113	6,669	6,186	6,179	6,135	5,373
Property, Plant & Equipment	9,945	10,519	11,277	11,936	12,539	13,243
Long-Term Investments	5,621	5,411	5,197	5,576	5,415	5,400
Other Intangible Assets	28,531	27,426	25,387	24,908	21,920	22,432
Long-Term Deferred Tax Assets	374.7	344.87	288.38	357.1	183.58	235.03
Long-Term Deferred Charges	7.41	8.25	9.42	5.23	6.44	156.17
Other Long-Term Assets	1,658	1,823	1,715	769.19	618.23	637.13
Total Assets	53,249	52,202	50,061	49,730	46,817	47,476
Accounts Payable	280.01	205.32	813.08	401.02	600.54	419.49
Accrued Expenses	276.33	486.66	447.62	379.94	376.2	358.2
Short-Term Debt	2,097	2,779	2,402	3,778	1,086	4,811
Current Portion of Long-Term Debt	2,133	1,919	3,449	4,053	4,102	-
Current Portion of Leases	-	9.88	10.85	9.98	9.43	-
Current Income Taxes Payable	159.19	50.14	6.56	8.52	14.88	2.72
Current Unearned Revenue	56.35	38.84	62.06	51.95	243.83	514.13
Other Current Liabilities	200.29	364.57	546.18	861.63	506.47	5,594
Total Current Liabilities	5,202	5,853	7,738	9,544	6,939	11,699
Long-Term Debt	30,351	28,929	25,455	25,561	25,604	22,027
Long-Term Leases	45.01	52.29	62.28	71.38	81.26	-
Long-Term Unearned Revenue	831.03	872.55	926.21	980.18	1,034	1,106
Long-Term Deferred Tax Liabilities	1,393	1,289	1,116	943.67	756.25	682.23
Total Liabilities	37,822	36,996	35,297	37,100	34,416	35,515
Common Stock	2,247	2,247	2,247	2,247	2,247	2,247
Additional Paid-In Capital	1,330	1,334	1,334	1,342	1,349	1,350
Retained Earnings	8,555	7,980	7,560	6,892	7,068	6,536
Comprehensive Income & Other	3,295	3,644	3,623	2,118	1,687	1,745
Total Common Equity	15,427	15,206	14,764	12,599	12,351	11,878
Minority Interest	-0.03	0.02	-0.28	31.26	50.72	83.45
Shareholders' Equity	15,427	15,206	14,763	12,630	12,402	11,961
Total Liabilities & Equity	53,249	52,202	50,061	49,730	46,817	47,476
Total Debt	34,625	33,689	31,380	33,473	30,883	26,838
Net Cash (Debt)	-34,091	-33,192	-30,897	-32,512	-29,690	-25,884
Net Cash Per Share	-15.55	-14.77	-13.75	-14.47	-13.21	-11.52
Filing Date Shares Outstanding	2,247	2,247	2,247	2,247	2,247	2,247
Total Common Shares Outstanding	2,247	2,247	2,247	2,247	2,247	2,247
Working Capital	1,911	815.97	-1,552	-3,365	-804	-6,326
Book Value Per Share	5.29	5.09	4.89	4.61	5.50	5.29
Tangible Book Value	-13,104	-12,221	-10,624	-12,309	-9,569	-10,554
Tangible Book Value Per Share	-7.41	-7.12	-6.41	-6.47	-4.26	-4.70
Buildings	-	13.42	12.97	10.32	10.36	1,093
Machinery	-	2,997	2,961	2,945	2,342	1,223
Construction In Progress	-	39.65	76.42	52.77	36.14	24.72

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