SHA:600405 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	168.02	134.91	126.1	223.36	131.83	171.5
Trading Asset Securities	2.68	2.53	1.74	1.92	2.29	3.31
Cash & Short-Term Investments	170.7	137.44	127.85	225.28	134.12	174.82
Cash Growth	19.58%	7.50%	-43.25%	67.97%	-23.28%	48.41%
Accounts Receivable	438.94	492.26	640.51	833.17	811.42	881.48
Other Receivables	25.45	10.73	10.76	15.22	16.85	23.1
Receivables	464.39	502.99	651.28	848.39	828.27	904.58
Inventory	274.48	298.99	357.59	427.54	456	307.05
Other Current Assets	27.39	47.99	32.01	23.97	31.85	27.81
Total Current Assets	936.96	987.41	1,169	1,525	1,450	1,414
Property, Plant & Equipment	357.19	489.16	604.22	697.79	768.67	833.88
Long-Term Investments	9.8	9.86	6.3	6.64	6.71	6.8
Other Intangible Assets	211.39	209.52	241.29	204.14	190.01	176.67
Long-Term Accounts Receivable	9.72	13.78	21.32	23.71	19.39	16.05
Long-Term Deferred Tax Assets	27.5	27.75	23.46	21.78	22.85	22.9
Long-Term Deferred Charges	3.32	24.34	51.77	116.87	96.92	87.8
Other Long-Term Assets	0.36	0.1	4.27	0.9	1.18	3.39
Total Assets	1,556	1,762	2,121	2,597	2,556	2,562
Accounts Payable	283.71	432.08	632.3	830.25	846.68	759.86
Accrued Expenses	138.41	163.71	79.92	63.06	44.52	50.97
Short-Term Debt	74.76	345.37	371.73	428.41	281.45	243.85
Current Portion of Long-Term Debt	53.14	76.6	43.26	15.85	200.12	90.74
Current Portion of Leases	-	60.49	85.66	64.68	52.3	44.79
Current Income Taxes Payable	3.74	1.83	2.22	1.89	0.34	-
Current Unearned Revenue	28.12	29.08	26.34	26.21	39	19.23
Other Current Liabilities	632.75	257.3	107.71	73.27	42.96	38.66
Total Current Liabilities	1,215	1,366	1,349	1,504	1,507	1,248
Long-Term Debt	121.17	-	77.21	113.1	21.51	190.93
Long-Term Leases	16.16	30.51	78.96	80.01	112.32	58.32
Long-Term Unearned Revenue	1.09	1.31	2.68	5.32	7.04	9.22
Long-Term Deferred Tax Liabilities	0.09	0.09	0.25	0.29	-	-
Total Liabilities	1,353	1,398	1,508	1,702	1,648	1,507
Common Stock	612.83	612.83	553.28	553.28	557.14	557.14
Additional Paid-In Capital	618.33	618.33	503.37	503.37	509.71	509.71
Retained Earnings	-1,024	-868.77	-453.41	-177.6	-161.19	-18.81
Treasury Stock	-	-	-	-	-10.21	-10.21
Comprehensive Income & Other	0.31	0.44	0.07	0.16	-0.45	-0.32
Total Common Equity	207.29	362.83	603.31	879.2	895	1,038
Minority Interest	-4.17	0.71	9.79	15.48	12.74	17.67
Shareholders' Equity	203.12	363.55	613.1	894.68	907.74	1,055
Total Liabilities & Equity	1,556	1,762	2,121	2,597	2,556	2,562
Total Debt	265.23	512.98	656.82	702.04	667.7	628.63
Net Cash (Debt)	-94.53	-375.54	-528.97	-476.76	-533.58	-453.81
Net Cash Per Share	-0.16	-0.67	-0.96	-0.86	-0.97	-0.81
Filing Date Shares Outstanding	612.83	612.83	553.28	553.28	549.26	551.27
Total Common Shares Outstanding	612.83	612.83	553.28	553.28	551.27	551.27
Working Capital	-277.66	-379.05	-180.42	21.56	-57.11	166.15
Book Value Per Share	0.34	0.59	1.09	1.59	1.62	1.88
Tangible Book Value	-4.11	153.32	362.02	675.06	704.99	860.84
Tangible Book Value Per Share	-0.01	0.25	0.65	1.22	1.28	1.56
Buildings	-	315.89	353.73	352.9	348.69	346.54
Machinery	-	464.51	468.97	466.56	450.08	413.43
Construction In Progress	-	0.84	2.43	3.37	4.75	6

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