SHA:600228 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	302.54	406.61	385.66	419.51	854.26	888.11
Trading Asset Securities	-	-	2.01	-	-	-
Cash & Short-Term Investments	302.54	406.61	387.66	419.51	854.26	888.11
Cash Growth	-19.75%	4.89%	-7.59%	-50.89%	-3.81%	2601.03%
Accounts Receivable	109.14	43.74	80.41	103.46	119.88	99.5
Other Receivables	5.73	4.1	993.51	706.01	512.73	41.49
Receivables	114.87	47.83	1,074	809.46	632.61	140.99
Inventory	1.75	2.66	-	-	-	-
Prepaid Expenses	-	-	-	-	1.33	-
Other Current Assets	28.32	10.25	13.12	14.27	30.46	24.26
Total Current Assets	447.48	467.35	1,475	1,243	1,519	1,053
Property, Plant & Equipment	9.6	12.71	18.39	22.53	27.13	1.66
Long-Term Investments	102.79	102.55	132.22	94.28	-	-
Other Intangible Assets	0.22	0.22	0.34	0.2	0.34	0.67
Long-Term Deferred Tax Assets	15.03	12.24	11.5	13.18	13.48	9.2
Long-Term Deferred Charges	0.02	0.03	0.07	0.13	0.28	0.23
Total Assets	575.15	595.1	1,637	1,374	1,560	1,065
Accounts Payable	70.96	35.31	38.78	58.92	68.81	66.76
Accrued Expenses	8.39	27.8	28.03	34.24	44.81	70.19
Current Portion of Leases	3.77	3.58	4.56	4.11	2.3	-
Current Income Taxes Payable	10.03	1.29	4.85	4.67	0.97	0.54
Current Unearned Revenue	6.45	6.47	4.52	15	8.34	9.7
Other Current Liabilities	41.92	39.78	68.98	82.22	525.45	83.42
Total Current Liabilities	141.53	114.24	149.73	199.16	650.67	230.61
Long-Term Leases	2.82	6.61	13.96	17.99	21.71	-
Other Long-Term Liabilities	17.07	17.07	9.52	9.52	9.52	9.52
Total Liabilities	161.42	137.91	173.21	226.68	681.9	240.13
Common Stock	417.01	419.27	606.67	732.73	823.27	581.95
Additional Paid-In Capital	-	-	-	103.83	-	86.06
Retained Earnings	279.31	58.29	857.36	310.33	242.29	156.97
Treasury Stock	-2.34	-20.42	-	-	-	-
Comprehensive Income & Other	-280.26	0.05	-	-	-187.57	-
Total Common Equity	413.73	457.19	1,464	1,147	877.99	824.98
Shareholders' Equity	413.73	457.19	1,464	1,147	877.99	824.98
Total Liabilities & Equity	575.15	595.1	1,637	1,374	1,560	1,065
Total Debt	6.6	10.19	18.52	22.1	24	-
Net Cash (Debt)	295.95	396.42	369.14	397.41	830.25	888.11
Net Cash Growth	-19.34%	7.39%	-7.11%	-52.13%	-6.51%	-
Net Cash Per Share	0.70	0.72	0.54	0.49	1.07	1.53
Filing Date Shares Outstanding	417.01	419.27	602.62	732.73	823.27	325.27
Total Common Shares Outstanding	417.01	419.27	606.67	732.73	823.27	325.27
Working Capital	305.95	353.11	1,325	1,044	868	822.75
Book Value Per Share	0.99	1.09	2.41	1.57	1.07	2.54
Tangible Book Value	413.5	456.97	1,464	1,147	877.66	824.31
Tangible Book Value Per Share	0.99	1.09	2.41	1.56	1.07	2.53
Machinery	-	19.67	18.44	19.11	18.94	18.54

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