SHA:600425 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	1,293	1,273	1,611	1,027	1,270	1,092
Cash & Short-Term Investments	1,293	1,273	1,611	1,027	1,270	1,092
Cash Growth	3.82%	-20.98%	56.83%	-19.12%	16.31%	108.89%
Accounts Receivable	1,042	1,044	1,083	921.67	484.61	404.69
Other Receivables	64.04	43.36	207.63	32.81	80.64	148.69
Receivables	1,106	1,088	1,291	954.48	565.25	553.39
Inventory	712.93	642.55	722.38	870.92	599.57	455.62
Prepaid Expenses	-	-	0.01	-	-	-
Other Current Assets	190.64	168.45	126.77	121.41	218.94	216.79
Total Current Assets	3,302	3,172	3,751	2,974	2,654	2,318
Property, Plant & Equipment	4,934	4,908	4,713	4,706	4,671	4,791
Long-Term Investments	502.49	552.19	546.8	529.36	505.93	507.9
Other Intangible Assets	460.55	431.38	392.48	375.3	324.63	292.65
Long-Term Deferred Tax Assets	14.6	16.22	21.98	21.48	23.35	20.81
Long-Term Deferred Charges	24.13	21.51	6.44	2.14	1.36	2.18
Other Long-Term Assets	423	436.32	262.85	268.66	306.9	344.46
Total Assets	9,661	9,538	9,694	8,877	8,487	8,277
Accounts Payable	563.82	517.32	514.83	459.55	533.63	464.99
Accrued Expenses	52.63	52.62	79.2	133.84	111.64	47.45
Short-Term Debt	373.5	501.69	1,178	1,181	1,103	1,524
Current Portion of Long-Term Debt	212.17	261.24	52.49	561.64	221.01	471.3
Current Portion of Leases	-	-	-	13.5	46.85	99.26
Current Income Taxes Payable	65.78	17.1	22.73	36.59	40.06	15.09
Current Unearned Revenue	87.85	59.3	97.99	107.68	51.04	67.57
Other Current Liabilities	325.85	426.8	506.08	495.75	301.97	174.97
Total Current Liabilities	1,682	1,836	2,451	2,990	2,409	2,864
Long-Term Debt	897.01	811.75	658.03	275.19	709.82	293.58
Long-Term Leases	-	-	-	-	13.5	61
Long-Term Unearned Revenue	171.29	144.27	118.54	124.71	124.93	153.01
Other Long-Term Liabilities	59.24	59.31	0.21	0.4	0.4	0.56
Total Liabilities	2,809	2,851	3,228	3,390	3,258	3,373
Common Stock	1,605	1,605	1,605	1,379	1,379	1,379
Additional Paid-In Capital	3,404	3,404	3,445	3,005	3,005	3,005
Retained Earnings	1,463	1,310	1,117	813.98	619.1	304.17
Comprehensive Income & Other	65.42	72.24	62.2	65	29.59	17.39
Total Common Equity	6,536	6,391	6,229	5,262	5,032	4,705
Minority Interest	315.71	295.59	237.49	224.06	196.91	199.49
Shareholders' Equity	6,852	6,686	6,466	5,486	5,229	4,904
Total Liabilities & Equity	9,661	9,538	9,694	8,877	8,487	8,277
Total Debt	1,483	1,575	1,889	2,032	2,094	2,449
Net Cash (Debt)	-189.89	-301.56	-277.36	-1,004	-824.19	-1,357
Net Cash Per Share	-0.12	-0.19	-0.17	-0.73	-0.60	-0.97
Filing Date Shares Outstanding	1,605	1,605	1,605	1,379	1,379	1,379
Total Common Shares Outstanding	1,605	1,605	1,605	1,379	1,379	1,379
Working Capital	1,621	1,336	1,300	-15.88	244.56	-546.55
Book Value Per Share	4.07	3.98	3.88	3.82	3.65	3.41
Tangible Book Value	6,076	5,959	5,836	4,887	4,707	4,412
Tangible Book Value Per Share	3.79	3.71	3.64	3.54	3.41	3.20
Buildings	-	3,439	3,242	3,150	3,107	-
Machinery	-	4,369	4,165	3,916	3,785	-
Construction In Progress	-	295.34	290.05	356.82	127.04	-

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