SHA:600283 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	921.11	1,789	533.21	756.25	611.48	549.29
Accounts Receivable	746.68	504.13	302.04	143.89	173.19	115.91
Other Receivables	35.25	30.74	25.68	34.18	11.35	28.01
Inventory	544.63	543.92	607.1	648.63	619.21	557.82
Other Current Assets	158.23	138.69	132.35	84.49	75.12	101.91
Total Current Assets	2,406	3,006	1,600	1,667	1,490	1,353
Property, Plant & Equipment	4,383	4,238	3,961	3,801	3,625	3,139
Other Intangible Assets	2,233	2,293	1,317	599.82	507.98	511.93
Long-Term Investments	635.11	643.49	658.2	689.57	677.4	673.35
Long-Term Deferred Tax Assets	97.92	94	85.28	74.52	56.95	52.07
Long-Term Deferred Charges	19.55	17.83	16.96	17.27	14.26	17.38
Other Long-Term Assets	16.62	18.35	16.2	44.6	11.11	8.93
Total Assets	9,791	10,310	7,655	6,894	6,383	5,756
Accounts Payable	678.65	655	452.19	339.28	319.36	199.35
Accrued Expenses	60.51	74.62	57.71	54.41	74	83.38
Short-Term Debt	926.51	1,501	815.9	323.6	476.37	538.62
Current Portion of Long-Term Debt	206.81	525.29	141.14	280.05	309.08	30.81
Current Unearned Revenue	715.02	743.21	1,083	1,286	839.68	686.03
Current Portion of Leases	-	1.35	1.32	1.35	1.02	-
Current Income Taxes Payable	92.58	40.41	45.74	31.68	28.57	41.98
Other Current Liabilities	312.39	152.84	133.9	122.22	177.05	151.64
Total Current Liabilities	2,992	3,694	2,731	2,439	2,225	1,732
Long-Term Debt	2,146	2,015	1,063	873	781.05	775.1
Long-Term Leases	5.16	4.46	3.13	4.07	5.14	-
Long-Term Unearned Revenue	692.44	692.37	703.45	624.56	596.75	599.53
Long-Term Deferred Tax Liabilities	27.52	28.92	20.07	4.95	5.91	6.74
Other Long-Term Liabilities	81.11	92.07	103.01	91.84	92.13	96.08
Total Liabilities	5,944	6,526	4,623	4,037	3,706	3,209
Common Stock	560.82	560.82	353	353	353	353
Additional Paid-In Capital	1,509	-	-	1,152	1,152	1,152
Retained Earnings	1,045	1,001	856.66	704.04	584.57	487.45
Comprehensive Income & Other	-8.66	1,500	1,144	-8.71	-8.74	-8.74
Total Common Equity	3,106	3,062	2,353	2,201	2,081	1,984
Minority Interest	740.52	721.82	678.37	655.82	595.47	562.39
Shareholders' Equity	3,846	3,784	3,032	2,857	2,677	2,547
Total Liabilities & Equity	9,791	10,310	7,655	6,894	6,383	5,756
Total Debt	3,284	4,047	2,024	1,482	1,573	1,345
Net Cash (Debt)	-2,363	-2,258	-1,491	-725.82	-961.19	-795.24
Net Cash Per Share	-4.36	-4.51	-3.01	-1.47	-1.96	-1.60
Filing Date Shares Outstanding	560.82	560.82	494.19	494.19	494.19	494.19
Total Common Shares Outstanding	560.82	560.82	494.19	494.19	494.19	494.19
Working Capital	-586.57	-687.61	-1,130	-771.47	-734.78	-378.86
Book Value Per Share	5.54	5.46	4.76	4.45	4.21	4.02
Tangible Book Value	873.24	769.1	1,036	1,601	1,573	1,472
Tangible Book Value Per Share	1.56	1.37	2.10	3.24	3.18	2.98
Buildings	-	2,480	2,305	2,129	1,949	1,626
Machinery	-	3,406	3,207	2,862	2,663	2,354
Construction In Progress	-	388.65	254.41	424.21	433.67	441.22

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