SHA:600125 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	1,550	1,929	1,625	1,921	1,610	1,302
Cash & Short-Term Investments	1,550	1,929	1,625	1,921	1,610	1,302
Cash Growth	-13.23%	18.71%	-15.43%	19.34%	23.65%	2.92%
Accounts Receivable	627.81	750.3	647.61	754.23	755.82	336.19
Other Receivables	117.8	77.71	81.05	107.54	58.67	32.11
Receivables	745.61	828.01	728.66	861.77	814.49	388.3
Inventory	1,959	2,137	2,318	1,569	1,556	2,675
Prepaid Expenses	-	3.72	6.13	1.8	1.31	2.41
Other Current Assets	265.26	178.19	191.81	168.99	184.86	246.39
Total Current Assets	4,520	5,075	4,869	4,522	4,166	4,613
Property, Plant & Equipment	4,933	4,847	4,629	4,371	4,389	4,342
Long-Term Investments	160.46	190.85	191.85	185.8	121.66	114.52
Other Intangible Assets	224.34	232.51	242.21	251.77	379.85	370.49
Long-Term Deferred Tax Assets	40.25	40.68	37.49	36.77	9.64	6.86
Long-Term Deferred Charges	24.47	30.17	37.76	42.39	50.75	65.68
Other Long-Term Assets	-	1.32	3.55	2.07	0.01	0.05
Total Assets	9,903	10,418	10,010	9,412	9,117	9,513
Accounts Payable	539.18	895.49	1,224	887.74	580.23	726.28
Accrued Expenses	3.82	40.73	44.18	14.79	55.79	55.94
Current Portion of Long-Term Debt	15.01	767.44	19.85	20.84	71.07	51.14
Current Portion of Leases	-	14.61	13.5	14.5	17.1	-
Current Income Taxes Payable	76.32	23.11	29.79	39.59	14.68	16.35
Current Unearned Revenue	481.21	387.62	205.99	185.78	98.32	594.91
Other Current Liabilities	698	586.55	203.48	219.94	228.98	239.06
Total Current Liabilities	1,814	2,716	1,740	1,383	1,066	1,684
Long-Term Debt	-	-	757.96	887.93	1,097	1,156
Long-Term Leases	39.84	51.06	65.46	29.23	46.95	-
Long-Term Unearned Revenue	116.54	123.91	136.56	148.97	162.26	168.95
Long-Term Deferred Tax Liabilities	195.04	210.56	231.23	248.57	268.55	230.07
Other Long-Term Liabilities	-	20.07	20.07	20.07	20.09	25.09
Total Liabilities	2,165	3,121	2,952	2,718	2,661	3,264
Common Stock	1,306	1,306	1,306	1,306	1,306	1,306
Additional Paid-In Capital	168.32	158.13	158.13	158.13	158.13	158.13
Retained Earnings	6,236	5,809	5,570	5,204	4,971	4,764
Comprehensive Income & Other	3.78	-1.85	-1.77	-0.37	-0.29	0.94
Total Common Equity	7,714	7,270	7,032	6,667	6,434	6,229
Minority Interest	24.12	26.19	26.1	26.69	21.73	19.94
Shareholders' Equity	7,738	7,297	7,058	6,694	6,456	6,249
Total Liabilities & Equity	9,903	10,418	10,010	9,412	9,117	9,513
Total Debt	54.86	833.1	856.77	952.5	1,232	1,208
Net Cash (Debt)	1,495	1,095	767.82	968.45	377.32	94.11
Net Cash Growth	56.41%	42.67%	-20.72%	156.66%	300.94%	-2.46%
Net Cash Per Share	1.15	0.84	0.59	0.74	0.29	0.07
Filing Date Shares Outstanding	1,306	1,306	1,306	1,306	1,306	1,306
Total Common Shares Outstanding	1,306	1,306	1,306	1,306	1,306	1,306
Working Capital	2,706	2,359	3,128	3,139	3,100	2,930
Book Value Per Share	5.91	5.57	5.39	5.11	4.93	4.77
Tangible Book Value	7,489	7,038	6,790	6,416	6,055	5,858
Tangible Book Value Per Share	5.74	5.39	5.20	4.91	4.64	4.49
Buildings	-	1,296	1,299	1,273	1,134	1,135
Machinery	-	470.22	467.79	464.44	563.82	388.03
Construction In Progress	-	-	43.12	23.51	23.42	61.35

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