SHA:600538 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	139.13	144.84	155.26	170.86	190.4	211.35
Trading Asset Securities	-	-	-	-	-	16.15
Cash & Short-Term Investments	139.13	144.84	155.26	170.86	190.4	227.5
Cash Growth	6.96%	-6.71%	-9.13%	-10.27%	-16.31%	-2.07%
Accounts Receivable	260.74	254.08	270.94	272.02	210.43	187.81
Other Receivables	3.58	2.15	3.71	2.71	9.24	15.76
Receivables	264.31	256.23	274.65	274.74	219.67	203.57
Inventory	93.01	82.94	80	84.92	73.19	57.55
Prepaid Expenses	-	1.04	1.08	1.94	0.01	0.58
Other Current Assets	7.37	6.32	8.13	10.8	25.56	18.42
Total Current Assets	503.82	491.36	519.12	543.26	508.82	507.61
Property, Plant & Equipment	141.17	148.34	118.25	119.11	117.62	102.19
Long-Term Investments	103.57	108.65	134.06	141.42	107.31	101.28
Goodwill	138.46	138.46	198.67	254.1	254.1	254.1
Other Intangible Assets	26.21	27.29	27.78	28.91	30.22	31.44
Long-Term Accounts Receivable	2.57	4.98	9.72	2.52	2.88	3.21
Long-Term Deferred Tax Assets	6.25	5.62	4.15	3.96	3.33	2.79
Long-Term Deferred Charges	5.37	5.12	6.18	6.05	7.31	8.45
Other Long-Term Assets	37	36.93	37.6	42.84	51.19	54.64
Total Assets	964.41	966.75	1,056	1,142	1,083	1,066
Accounts Payable	72.63	72.39	74.01	67.27	59.92	51.2
Accrued Expenses	4.76	14.89	15.47	22.04	12.09	11.59
Short-Term Debt	-	0.95	7.34	10	1	-
Current Portion of Leases	4.99	5.22	2.96	1.67	2.89	-
Current Income Taxes Payable	5.33	0.58	1.13	1.39	2.14	5.34
Current Unearned Revenue	10.82	18.68	20.89	38.29	37.58	28.28
Other Current Liabilities	26.85	29.23	46.76	37.63	41.72	117.04
Total Current Liabilities	125.38	141.95	168.57	178.29	157.34	213.45
Long-Term Leases	31.7	35.43	5.51	2.85	2.57	-
Long-Term Deferred Tax Liabilities	2.01	1.98	2.14	1.05	0.26	0.69
Total Liabilities	179.09	179.36	176.22	182.2	160.16	214.15
Common Stock	524.2	524.2	524.2	524.2	524.2	511.77
Additional Paid-In Capital	784.89	784.88	784.88	784.88	784.88	735.51
Retained Earnings	-536.44	-532.59	-438.74	-356.43	-391.28	-401.76
Comprehensive Income & Other	-1.1	-1.1	-1.1	-1.1	-1.1	-1.1
Total Common Equity	771.55	775.39	869.24	951.55	916.7	844.42
Minority Interest	13.77	12	10.07	8.42	5.91	7.15
Shareholders' Equity	785.32	787.39	879.3	959.96	922.61	851.56
Total Liabilities & Equity	964.41	966.75	1,056	1,142	1,083	1,066
Total Debt	56.69	41.6	15.81	14.52	6.46	-
Net Cash (Debt)	82.45	103.24	139.45	156.34	183.95	227.5
Net Cash Growth	-29.41%	-25.97%	-10.80%	-15.01%	-19.14%	-2.07%
Net Cash Per Share	0.15	0.20	0.27	0.31	0.35	0.50
Filing Date Shares Outstanding	524.2	524.2	524.2	524.2	524.2	511.77
Total Common Shares Outstanding	524.2	524.2	524.2	524.2	524.2	511.77
Working Capital	378.44	349.41	350.55	364.97	351.49	294.16
Book Value Per Share	1.47	1.48	1.66	1.82	1.75	1.65
Tangible Book Value	606.88	609.64	642.79	668.54	632.39	558.88
Tangible Book Value Per Share	1.16	1.16	1.23	1.28	1.21	1.09
Buildings	-	131.26	130.11	129.91	120.3	107.81
Machinery	-	138.09	133.43	131.06	126.39	122.34
Construction In Progress	-	1.96	4.82	-	-	-

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