SHA:600351 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	645.41	578.59	617.64	668.5	477.05	350.41
Trading Asset Securities	8.96	-	-	-	-	0.1
Cash & Short-Term Investments	654.37	578.59	617.64	668.5	477.05	350.51
Cash Growth	16.48%	-6.32%	-7.61%	40.13%	36.10%	-27.69%
Accounts Receivable	417	444.15	601.32	716.18	667.79	740.54
Other Receivables	43.1	43.95	35.14	70.59	91.72	63.68
Receivables	460.1	488.1	636.45	786.77	759.52	804.21
Inventory	304.33	413.05	442.13	449.14	521.01	498.01
Prepaid Expenses	-	0.01	0	0.03	-	-
Other Current Assets	65.81	79.56	56.81	49.9	39.51	72.29
Total Current Assets	1,485	1,559	1,753	1,954	1,797	1,725
Property, Plant & Equipment	1,119	1,203	1,308	1,377	1,454	1,565
Long-Term Investments	372.31	372.61	377.72	346.43	314.68	199.97
Goodwill	26.27	26.27	26.27	26.27	74.57	74.57
Other Intangible Assets	140.27	146.99	154.96	155.6	157.39	166.52
Long-Term Deferred Tax Assets	38.22	41.89	31.2	34.61	28.46	21.22
Long-Term Deferred Charges	89.13	138.28	155.8	179.27	146.35	124.76
Other Long-Term Assets	72.53	55.46	46.69	57.73	104.03	137.69
Total Assets	3,343	3,544	3,854	4,131	4,077	4,014
Accounts Payable	116.21	153.34	191.7	166.94	120.66	153.05
Accrued Expenses	50.58	96.17	123.09	130.69	111.71	100.31
Short-Term Debt	50	90.07	200.22	410.26	502.37	628.32
Current Portion of Long-Term Debt	-	-	2	21.01	1.01	5.67
Current Portion of Leases	0.69	3.57	3.41	3.28	3.85	-
Current Income Taxes Payable	39.69	4.07	6.32	12.24	5.99	5.96
Current Unearned Revenue	52.04	80.44	67.32	108.48	90.2	45.45
Other Current Liabilities	164.14	154.35	191.4	187.77	169.62	161.25
Total Current Liabilities	473.35	582.02	785.46	1,041	1,005	1,100
Long-Term Debt	50.03	-	-	2	23	14
Long-Term Leases	0.68	2.06	3.37	5.1	8.52	-
Long-Term Unearned Revenue	34.61	37.24	43.53	47.99	46.1	50.76
Long-Term Deferred Tax Liabilities	8.38	9	9.26	9.95	11.36	12.46
Other Long-Term Liabilities	18.72	18.72	18.72	18.72	18.72	18.72
Total Liabilities	585.77	649.02	860.33	1,124	1,113	1,196
Common Stock	700	720	770	770	770	770
Additional Paid-In Capital	594.61	703.76	955.1	955.32	955.32	955.32
Retained Earnings	1,566	1,561	1,426	1,265	1,222	1,073
Treasury Stock	-38.88	-66.06	-150.45	-	-	-
Comprehensive Income & Other	-25.7	-25.7	-24.41	-20.01	-20.05	-20.02
Total Common Equity	2,796	2,893	2,976	2,970	2,927	2,778
Minority Interest	-38.81	2.28	17.12	36.56	36.62	39.94
Shareholders' Equity	2,757	2,895	2,993	3,007	2,964	2,818
Total Liabilities & Equity	3,343	3,544	3,854	4,131	4,077	4,014
Total Debt	101.4	95.7	209	441.65	538.74	647.99
Net Cash (Debt)	552.96	482.9	408.64	226.85	-61.69	-297.48
Net Cash Growth	18.85%	18.17%	80.14%	-	-	-
Net Cash Per Share	0.78	0.67	0.54	0.29	-0.08	-0.39
Filing Date Shares Outstanding	700	700	720	770	770	770
Total Common Shares Outstanding	700	709.5	748.7	770	770	770
Working Capital	1,011	977.3	967.58	913.67	791.68	625.03
Book Value Per Share	3.99	4.08	3.98	3.86	3.80	3.61
Tangible Book Value	2,629	2,719	2,795	2,788	2,695	2,537
Tangible Book Value Per Share	3.76	3.83	3.73	3.62	3.50	3.30
Buildings	-	1,631	1,613	1,597	1,545	1,538
Machinery	-	1,386	1,360	1,342	1,340	1,324
Construction In Progress	-	15.49	57.41	25.83	26.48	33.56

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