SHA:600280 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	281.39	384.87	214.08	204.05	513.95	650.66
Trading Asset Securities	-	-	-	-	-	82.72
Cash & Short-Term Investments	281.39	384.87	214.08	204.05	513.95	733.38
Cash Growth	-27.43%	79.77%	4.92%	-60.30%	-29.92%	-66.57%
Accounts Receivable	53.61	53.37	50.64	59.75	53.35	44.94
Other Receivables	82.71	111.17	190.82	240.81	342.42	245.55
Receivables	136.32	164.53	241.45	300.56	395.77	290.48
Inventory	4,129	4,268	5,587	5,975	6,221	6,426
Prepaid Expenses	-	35.07	46.62	40.34	64.52	75.84
Other Current Assets	152.91	115.03	104.99	134.7	148.92	163.61
Total Current Assets	4,700	4,967	6,194	6,655	7,344	7,690
Property, Plant & Equipment	4,735	4,939	4,074	4,437	4,777	4,248
Long-Term Investments	43.7	43.67	111.97	109.8	108.13	107.99
Goodwill	32.64	32.64	50	58.36	58.36	58.36
Other Intangible Assets	297.94	306.48	321.96	319.92	331.57	345.93
Long-Term Deferred Tax Assets	252.51	252.9	216.19	218.32	142.64	210.43
Long-Term Deferred Charges	58.4	71.51	62.38	50.8	32.92	32.31
Other Long-Term Assets	484.26	489.18	502.21	455.36	460.45	447.26
Total Assets	10,604	11,102	11,533	12,304	13,255	13,140
Accounts Payable	1,428	1,504	1,593	1,750	2,255	2,365
Accrued Expenses	10.18	609.22	598.62	552.68	606.55	508.14
Short-Term Debt	4,070	4,113	4,413	4,739	4,787	5,175
Current Portion of Long-Term Debt	1,226	801.63	335.4	358.89	514.35	-
Current Portion of Leases	-	363.91	301.23	238.6	107.34	-
Current Income Taxes Payable	291.32	42.64	97.78	118.97	131.1	111.13
Current Unearned Revenue	715.63	874.64	1,108	1,220	1,338	1,438
Other Current Liabilities	1,034	686.18	681.96	690.11	721.58	1,984
Total Current Liabilities	8,774	8,995	9,128	9,668	10,461	11,581
Long-Term Debt	483.12	616.42	660.86	457.56	486.65	338.21
Long-Term Leases	454.9	520.65	656.72	917.59	1,044	10.54
Long-Term Unearned Revenue	73.45	73.45	73.54	73.74	73.9	58.21
Long-Term Deferred Tax Liabilities	41.09	41.09	43.03	60.13	60.45	60.75
Other Long-Term Liabilities	145.33	145.25	108.24	107.87	115.32	124.18
Total Liabilities	9,972	10,392	10,670	11,285	12,242	12,173
Common Stock	1,128	1,128	1,128	1,128	1,138	1,148
Additional Paid-In Capital	3.34	6.53	6.26	3.25	3.25	38.04
Retained Earnings	-668.03	-596.02	-448.09	-295.34	-285.51	-293.14
Treasury Stock	-	-	-	-	-33.75	-116.27
Comprehensive Income & Other	152.46	152.46	152.47	152.47	152.7	152.7
Total Common Equity	616.1	691.3	838.98	988.72	975.03	929.67
Minority Interest	15.69	19.45	23.77	30.33	38.2	37.14
Shareholders' Equity	631.79	710.75	862.75	1,019	1,013	966.81
Total Liabilities & Equity	10,604	11,102	11,533	12,304	13,255	13,140
Total Debt	6,234	6,415	6,367	6,712	6,940	5,523
Net Cash (Debt)	-5,952	-6,030	-6,153	-6,508	-6,426	-4,790
Net Cash Per Share	-5.15	-5.30	-5.64	-5.41	-5.67	-4.12
Filing Date Shares Outstanding	1,128	1,128	1,128	1,128	1,128	1,128
Total Common Shares Outstanding	1,128	1,128	1,128	1,128	1,128	1,128
Working Capital	-4,075	-4,028	-2,934	-3,014	-3,117	-3,892
Book Value Per Share	0.55	0.61	0.74	0.88	0.86	0.82
Tangible Book Value	285.52	352.18	467.02	610.43	585.1	525.38
Tangible Book Value Per Share	0.25	0.31	0.41	0.54	0.52	0.47
Buildings	-	5,884	4,750	4,756	4,799	-
Machinery	-	567.8	565.86	125.08	520.75	-
Construction In Progress	-	7.49	5.2	11.17	9.2	-

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