SHA:600035 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	655.12	951.07	1,631	1,887	842.58	721.52
Cash & Short-Term Investments	655.12	951.07	1,631	1,887	842.58	721.52
Cash Growth	-17.32%	-41.70%	-13.54%	123.93%	16.78%	-37.40%
Accounts Receivable	314.88	329.98	278.6	386.82	476.13	511.3
Other Receivables	174.76	99.06	36.48	16.18	10.27	14.39
Receivables	489.65	429.04	315.09	403	486.4	525.69
Inventory	75.74	47.7	65.29	47.16	134.43	210.36
Prepaid Expenses	-	0.01	0.01	1.74	1.38	0.76
Other Current Assets	136.34	93.59	78.09	75.29	81.26	79.23
Total Current Assets	1,357	1,521	2,090	2,414	1,546	1,538
Property, Plant & Equipment	1,207	1,173	1,141	921.64	837.57	733.37
Long-Term Investments	3,453	3,003	1,443	423.36	460.28	473.4
Goodwill	10.55	10.55	-	-	-	-
Other Intangible Assets	15,386	14,810	14,792	14,223	14,666	12,998
Long-Term Accounts Receivable	1.97	3.97	5.64	9.63	4.5	-
Long-Term Deferred Tax Assets	58.17	56.24	44.46	28.24	13.14	51.39
Long-Term Deferred Charges	34.65	31.85	25.17	18.21	19.16	20.12
Other Long-Term Assets	386.76	4.78	5.86	10.54	5.46	0.28
Total Assets	21,895	20,614	19,547	18,049	17,552	15,814
Accounts Payable	401.64	158.48	208.44	162.93	215.29	227.31
Accrued Expenses	18.76	40.8	37.73	22.39	42.41	60.17
Short-Term Debt	2,012	1,901	1,321	1,401	1,508	1,417
Current Portion of Long-Term Debt	1,259	2,486	3,033	1,178	1,363	1,392
Current Portion of Leases	-	18.15	15.64	7.38	9.74	-
Current Income Taxes Payable	77.24	78.7	135.65	113.71	143.19	185.29
Current Unearned Revenue	48.5	13.8	20.69	16.92	21.7	60.24
Other Current Liabilities	221.67	602.52	651.04	454.17	584.39	427.95
Total Current Liabilities	4,039	5,300	5,423	3,356	3,888	3,770
Long-Term Debt	6,632	4,549	3,908	5,524	5,013	4,279
Long-Term Leases	95.28	98.59	107.7	30.79	38.44	-
Long-Term Unearned Revenue	391.19	452.95	529.75	612.07	555.13	506.63
Long-Term Deferred Tax Liabilities	104.23	82.75	44.11	21.18	9.51	7.58
Other Long-Term Liabilities	2.46	2.49	2.45	63.14	123.1	0.13
Total Liabilities	11,264	10,485	10,015	9,608	9,627	8,563
Common Stock	1,610	1,610	1,610	1,610	1,610	1,610
Additional Paid-In Capital	1,107	1,107	1,107	1,107	1,107	1,106
Retained Earnings	6,236	5,941	5,479	4,763	4,265	3,638
Comprehensive Income & Other	-49.15	-27.32	-5.22	10.8	15.37	6.26
Total Common Equity	8,904	8,631	8,191	7,490	6,998	6,360
Minority Interest	1,727	1,498	1,341	950.76	926.5	890.48
Shareholders' Equity	10,631	10,129	9,532	8,441	7,924	7,251
Total Liabilities & Equity	21,895	20,614	19,547	18,049	17,552	15,814
Total Debt	9,998	9,053	8,385	8,141	7,933	7,088
Net Cash (Debt)	-9,343	-8,102	-6,754	-6,255	-7,090	-6,366
Net Cash Per Share	-5.82	-5.07	-4.23	-3.89	-4.41	-3.73
Filing Date Shares Outstanding	1,610	1,610	1,610	1,610	1,610	1,610
Total Common Shares Outstanding	1,610	1,610	1,610	1,610	1,610	1,610
Working Capital	-2,682	-3,778	-3,333	-942.38	-2,342	-2,232
Book Value Per Share	5.53	5.36	5.09	4.65	4.35	3.95
Tangible Book Value	-6,493	-6,190	-6,600	-6,733	-7,668	-6,638
Tangible Book Value Per Share	-4.03	-3.84	-4.10	-4.18	-4.76	-4.12
Buildings	-	821.65	819.76	752.57	636.23	635.66
Machinery	-	242.41	221.15	146	149.28	130.32
Construction In Progress	-	277.72	214.38	125.13	103.15	2.48

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