SHA:600537 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	785.93	1,036	3,161	4,232	2,615	1,994
Trading Asset Securities	126.73	-	-	-	396.49	-
Cash & Short-Term Investments	912.67	1,036	3,161	4,232	3,011	1,994
Cash Growth	-25.59%	-67.22%	-25.31%	40.53%	51.05%	11.77%
Accounts Receivable	726.19	1,056	1,486	2,108	1,074	997.35
Other Receivables	18.31	32.53	40.47	98.11	15.85	12.53
Receivables	744.5	1,088	1,526	2,206	1,090	1,010
Inventory	314.48	322.54	922.13	1,380	666.96	423.95
Prepaid Expenses	-	-	-	-	1.04	-
Other Current Assets	84.43	212.87	459.3	437.48	174.77	212.28
Total Current Assets	2,056	2,660	6,068	8,255	4,944	3,640
Property, Plant & Equipment	2,939	3,179	5,102	3,237	2,768	3,566
Long-Term Investments	15.27	13.74	12.07	4.56	-	-
Other Intangible Assets	142.99	146.33	150.69	124.71	127.72	130.99
Long-Term Deferred Tax Assets	110.32	114.77	130.66	144.86	108.02	123.98
Long-Term Deferred Charges	17.46	30.69	37.2	4.97	6.06	40.5
Other Long-Term Assets	35.17	5.75	8.66	28.69	6.56	7.68
Total Assets	5,317	6,150	11,510	11,799	7,960	7,509
Accounts Payable	1,439	1,280	3,784	4,896	2,528	2,819
Accrued Expenses	20.49	59.32	101.52	222.32	77.62	43.03
Short-Term Debt	252.82	271.45	563.58	339.8	197.64	60
Current Portion of Long-Term Debt	262.46	7.22	-	60.08	60.16	-
Current Portion of Leases	-	17.19	7.05	156.33	43.01	-
Current Income Taxes Payable	10.8	-	0.18	0.94	3.5	2.41
Current Unearned Revenue	175.88	159.18	188.1	928.11	579.26	446.8
Other Current Liabilities	174.13	1,074	1,573	1,136	497.58	435.79
Total Current Liabilities	2,336	2,868	6,217	7,739	3,987	3,807
Long-Term Debt	40.5	222.07	-	-	60	24
Long-Term Leases	46.88	748.88	615.5	598.16	629.23	-
Long-Term Unearned Revenue	64.25	64.77	61.54	61.96	67.97	134.75
Long-Term Deferred Tax Liabilities	-	-	13.03	-	0.22	-
Other Long-Term Liabilities	2,576	1,749	1,667	562.8	544.57	872.43
Total Liabilities	5,063	5,653	8,574	8,962	5,289	4,838
Common Stock	1,184	1,186	1,196	1,193	1,176	1,176
Additional Paid-In Capital	1,542	1,539	1,549	1,542	1,512	1,283
Retained Earnings	-2,499	-2,285	-194.86	-262.45	-390.12	211.97
Treasury Stock	-	-4.93	-24.38	-32.51	-	-
Comprehensive Income & Other	-1.72	-0.48	-1.1	-0.48	-0.31	-0.28
Total Common Equity	224.8	434.65	2,524	2,439	2,298	2,671
Minority Interest	28.33	63.04	410.76	397.8	373.66	-
Shareholders' Equity	253.13	497.69	2,935	2,837	2,671	2,671
Total Liabilities & Equity	5,317	6,150	11,510	11,799	7,960	7,509
Total Debt	602.65	1,267	1,186	1,154	990.03	84
Net Cash (Debt)	310.01	-230.69	1,975	3,077	2,021	1,910
Net Cash Growth	-56.09%	-	-35.83%	52.26%	5.84%	75.95%
Net Cash Per Share	0.26	-0.20	1.75	2.66	1.71	1.61
Filing Date Shares Outstanding	1,184	1,186	1,196	1,193	1,176	1,176
Total Common Shares Outstanding	1,184	1,186	1,196	1,193	1,176	1,176
Working Capital	-279.71	-208.14	-148.81	515.57	956.97	-167.25
Book Value Per Share	0.19	0.37	2.11	2.04	1.95	2.27
Tangible Book Value	81.81	288.32	2,374	2,315	2,170	2,540
Tangible Book Value Per Share	0.07	0.24	1.98	1.94	1.84	2.16
Buildings	-	1,426	1,384	1,025	986.07	-
Machinery	-	3,410	4,724	2,948	2,603	-
Construction In Progress	-	115.36	260.95	143.13	11.17	-

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