SHA:600449 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	1,830	887.45	1,123	1,433	1,313	721.96
Trading Asset Securities	1,551	2,105	1,762	630.94	901.83	600.16
Cash & Short-Term Investments	3,381	2,992	2,885	2,064	2,215	1,322
Cash Growth	13.89%	3.70%	39.78%	-6.82%	67.55%	58.67%
Accounts Receivable	1,592	1,967	2,378	1,928	1,323	1,461
Other Receivables	16.58	26.25	23.49	12.28	11.16	12.85
Receivables	1,608	1,993	2,402	1,940	1,334	1,474
Inventory	294.88	249.02	276.49	404.45	390.4	249.33
Prepaid Expenses	-	0.04	0.08	-	-	-
Other Current Assets	77.13	89.79	184.54	223.51	61.09	55.44
Total Current Assets	5,361	5,324	5,748	4,632	4,000	3,101
Property, Plant & Equipment	3,890	4,113	4,392	4,361	4,159	4,173
Long-Term Investments	357.17	353.94	336.37	325.76	315.21	297.01
Goodwill	5.86	5.86	5.86	5.86	5.86	5.48
Other Intangible Assets	629.23	641.5	559.88	572.04	490.5	436.61
Long-Term Deferred Tax Assets	90.14	92.07	91.14	79.08	91.85	97.74
Long-Term Deferred Charges	52.78	37.41	62.54	9.93	24.12	7.73
Other Long-Term Assets	50.09	51.06	53.94	90.75	164.72	148.11
Total Assets	10,437	10,619	11,250	10,077	9,251	8,266
Accounts Payable	1,374	394.79	555.31	437.67	487.5	585.12
Accrued Expenses	37.92	1,229	1,635	1,100	483.31	110.37
Short-Term Debt	290.17	300.24	400.21	380.27	390.35	430.39
Current Portion of Long-Term Debt	256.28	301.27	63.8	-	-	-
Current Portion of Leases	-	1.44	1.62	1.61	1.31	-
Current Income Taxes Payable	55.32	19.95	5.08	37.3	39.48	61.67
Current Unearned Revenue	129.44	78.17	69.65	103.66	101.68	111.89
Other Current Liabilities	227.07	286.64	310.12	356.01	181.51	135.52
Total Current Liabilities	2,370	2,612	3,040	2,417	1,685	1,435
Long-Term Debt	64.19	117.05	442.48	-	-	1.5
Long-Term Leases	1.02	1.99	2.25	3.71	5.11	-
Long-Term Unearned Revenue	78.16	83.44	87.36	81.95	87.85	93.09
Pension & Post-Retirement Benefits	7.18	7.18	6.11	7.18	9.51	9.82
Long-Term Deferred Tax Liabilities	51.65	49.9	44.87	42.38	42.81	37.08
Other Long-Term Liabilities	94.38	92.59	93.01	89.46	135.46	24.04
Total Liabilities	2,667	2,964	3,716	2,641	1,966	1,600
Common Stock	478.18	478.18	478.18	478.18	478.18	478.18
Additional Paid-In Capital	1,985	1,985	1,985	1,985	1,982	2,027
Retained Earnings	4,895	4,774	4,653	4,542	4,271	3,790
Comprehensive Income & Other	52.08	38.83	29.45	35.91	28.07	21.55
Total Common Equity	7,411	7,276	7,145	7,041	6,759	6,317
Minority Interest	359.11	378.64	388.08	394.32	526.34	349.06
Shareholders' Equity	7,770	7,655	7,533	7,435	7,286	6,666
Total Liabilities & Equity	10,437	10,619	11,250	10,077	9,251	8,266
Total Debt	611.66	721.99	910.36	385.58	396.77	431.89
Net Cash (Debt)	2,770	2,270	1,975	1,678	1,818	890.23
Net Cash Growth	36.09%	14.95%	17.66%	-7.70%	104.26%	162.09%
Net Cash Per Share	5.68	4.70	4.12	3.52	3.81	1.86
Filing Date Shares Outstanding	478.18	478.18	478.18	478.18	478.18	478.18
Total Common Shares Outstanding	478.18	478.18	478.18	478.18	478.18	478.18
Working Capital	2,991	2,712	2,707	2,215	2,315	1,666
Book Value Per Share	15.50	15.22	14.94	14.72	14.14	13.21
Tangible Book Value	6,776	6,629	6,579	6,463	6,263	5,875
Tangible Book Value Per Share	14.17	13.86	13.76	13.52	13.10	12.29
Buildings	-	3,771	3,742	3,511	3,495	3,364
Machinery	-	5,789	5,742	5,238	5,151	4,967
Construction In Progress	-	15.17	53.9	451.35	49.48	265.72

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