SHA:600435 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	1,098	1,371	2,066	2,000	1,471	1,240
Cash & Short-Term Investments	1,098	1,371	2,066	2,000	1,471	1,240
Cash Growth	34.12%	-33.65%	3.32%	35.97%	18.59%	21.13%
Accounts Receivable	4,803	4,667	3,641	2,547	2,721	1,694
Other Receivables	15.06	14.45	26.98	9.91	7.75	128.55
Receivables	4,818	4,682	3,668	2,557	2,729	1,823
Inventory	839.83	538.47	423.76	609.14	705.74	612.18
Prepaid Expenses	-	2.65	0.77	9.77	0.77	0.78
Other Current Assets	106.18	17.1	16.86	31.74	238.66	214.04
Total Current Assets	6,862	6,611	6,175	5,208	5,144	3,890
Property, Plant & Equipment	850.37	868.81	834.53	787.76	925.81	937.25
Long-Term Investments	2.95	2.36	2.58	4.78	5.83	7.5
Goodwill	50.6	50.6	55.37	60.25	60.25	60.25
Other Intangible Assets	98.54	120.19	123.33	140.7	213.92	268.31
Long-Term Deferred Tax Assets	103.39	92.38	70.94	79.39	68.04	62.84
Long-Term Deferred Charges	0.75	0.59	0.06	0.04	0.08	0.39
Other Long-Term Assets	67.66	22.21	26.09	46.3	54.47	39.74
Total Assets	8,036	7,768	7,288	6,327	6,473	5,266
Accounts Payable	3,779	3,629	3,309	2,620	2,760	1,863
Accrued Expenses	47.4	272.7	338	193.33	177.71	145.46
Short-Term Debt	-	10.2	4.58	1.87	152.12	150.1
Current Portion of Leases	3.88	2.89	1.31	2.08	1.47	9.89
Current Income Taxes Payable	9.92	3.08	17.7	12.75	12.02	28.8
Current Unearned Revenue	348.68	190.16	53.92	65.54	132.39	52.98
Other Current Liabilities	102.36	75.36	62.87	179.03	126.99	29.15
Total Current Liabilities	4,291	4,183	3,787	3,074	3,363	2,280
Long-Term Leases	4.56	8.8	1.88	1.84	2.98	-
Long-Term Unearned Revenue	85.3	42.62	20.9	6.3	7.25	11.54
Long-Term Deferred Tax Liabilities	6.64	9.12	7.15	9.77	5.69	5.5
Total Liabilities	4,388	4,244	3,817	3,092	3,379	2,297
Common Stock	1,511	1,506	1,499	1,489	1,489	1,489
Additional Paid-In Capital	287.12	247.56	199.2	118.38	122.71	104.16
Retained Earnings	1,085	989.37	990.42	858.12	710.4	614.09
Comprehensive Income & Other	31.89	26.57	22.07	18.76	15.16	12.15
Total Common Equity	2,915	2,770	2,711	2,485	2,338	2,220
Minority Interest	733.34	754.65	759.81	749.94	756.58	749.62
Shareholders' Equity	3,648	3,524	3,471	3,235	3,094	2,969
Total Liabilities & Equity	8,036	7,768	7,288	6,327	6,473	5,266
Total Debt	8.44	21.89	7.77	5.79	156.56	159.98
Net Cash (Debt)	1,089	1,349	2,058	1,994	1,314	1,080
Net Cash Growth	33.43%	-34.46%	3.23%	51.73%	21.66%	31.89%
Net Cash Per Share	0.72	0.91	1.39	1.29	0.89	0.69
Filing Date Shares Outstanding	1,511	1,506	1,499	1,489	1,489	1,489
Total Common Shares Outstanding	1,511	1,506	1,499	1,489	1,489	1,489
Working Capital	2,571	2,428	2,388	2,133	1,782	1,610
Book Value Per Share	1.93	1.84	1.81	1.67	1.57	1.49
Tangible Book Value	2,766	2,599	2,532	2,284	2,063	1,891
Tangible Book Value Per Share	1.83	1.73	1.69	1.53	1.39	1.27
Buildings	-	730.06	676.34	663.84	813.43	811.2
Machinery	-	996.46	930.03	856.35	964.19	903.94
Construction In Progress	-	48.85	89.37	66.58	35.32	52.59

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