SHA:600523 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	331.86	475.42	526.96	542.1	633.38	604.1
Cash & Short-Term Investments	331.86	475.42	526.96	542.1	633.38	604.1
Cash Growth	-1.35%	-9.78%	-2.79%	-14.41%	4.85%	-25.52%
Accounts Receivable	1,401	1,457	1,141	792.33	876.69	885.87
Other Receivables	22.3	5.97	17.37	89.87	14.67	25.38
Receivables	1,423	1,463	1,158	882.2	891.36	911.25
Inventory	393.33	387.48	414.08	399.6	398.13	390.37
Prepaid Expenses	-	-	-	-	-	0.02
Other Current Assets	30.48	28.4	25.69	31.14	44.2	38.09
Total Current Assets	2,179	2,355	2,125	1,855	1,967	1,944
Property, Plant & Equipment	735.95	726.6	635.79	583.27	718.65	691.34
Long-Term Investments	935.13	907.61	871.36	822.37	328.09	323.23
Goodwill	0.46	0.46	0.46	0.46	0.46	0.46
Other Intangible Assets	83.16	88.11	91.28	93.46	113.41	115.95
Long-Term Deferred Tax Assets	9.46	8.45	8.34	10.4	9.55	10.42
Long-Term Deferred Charges	4.32	26.25	27.69	23.19	32.67	22.62
Other Long-Term Assets	117.64	65.32	74.74	60.8	151.06	150.04
Total Assets	4,065	4,178	3,835	3,449	3,321	3,258
Accounts Payable	598.4	643.56	505.51	275.95	134.95	351.33
Accrued Expenses	9.21	65.4	50.44	28.13	20.57	20.08
Short-Term Debt	50	50	7.41	6.44	-	-
Current Portion of Leases	0.51	1.52	1.47	1.39	0.81	-
Current Income Taxes Payable	46.95	1.15	0.95	2.69	1.26	3.5
Current Unearned Revenue	53.88	97.8	100.06	84.87	209.73	15.83
Other Current Liabilities	45.84	119.02	118.57	124.68	104.54	62.07
Total Current Liabilities	804.8	978.45	784.41	524.16	471.86	452.8
Long-Term Debt	5.66	11.97	8.85	3.86	6.61	6.21
Long-Term Leases	6.13	3.94	2.6	3.17	3.59	-
Long-Term Unearned Revenue	39.81	42.83	23.15	19.6	12.95	13.18
Long-Term Deferred Tax Liabilities	-	-	2.29	3.71	5.46	5.74
Other Long-Term Liabilities	9.49	9.49	8.49	8.49	-	-
Total Liabilities	865.89	1,047	829.79	562.98	500.46	477.92
Common Stock	404.31	404.31	404.31	404.31	404.31	404.31
Additional Paid-In Capital	870.85	870.85	870.85	870.85	850.3	820.48
Retained Earnings	1,847	1,782	1,654	1,535	1,467	1,395
Comprehensive Income & Other	8.71	9.16	7.83	8.21	5.68	4.91
Total Common Equity	3,131	3,066	2,937	2,818	2,727	2,625
Minority Interest	68.64	64.6	67.59	67.53	93.51	155.1
Shareholders' Equity	3,199	3,131	3,005	2,886	2,820	2,780
Total Liabilities & Equity	4,065	4,178	3,835	3,449	3,321	3,258
Total Debt	62.3	67.43	20.33	14.86	11	6.21
Net Cash (Debt)	269.56	407.99	506.63	527.24	622.38	597.9
Net Cash Growth	-17.69%	-19.47%	-3.91%	-15.29%	4.09%	-25.89%
Net Cash Per Share	0.66	1.01	1.27	1.29	1.55	1.47
Filing Date Shares Outstanding	404.31	404.31	404.31	404.31	404.31	404.31
Total Common Shares Outstanding	404.31	404.31	404.31	404.31	404.31	404.31
Working Capital	1,374	1,376	1,341	1,331	1,495	1,491
Book Value Per Share	7.74	7.58	7.26	6.97	6.74	6.49
Tangible Book Value	3,047	2,978	2,845	2,725	2,613	2,508
Tangible Book Value Per Share	7.54	7.36	7.04	6.74	6.46	6.20
Buildings	-	320.22	284.94	287	349.47	346.39
Machinery	-	1,126	1,064	985.78	1,306	1,266
Construction In Progress	-	142.34	84.29	54.77	50.16	23.45

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