SHA:600651 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	1,244	1,128	1,076	1,517	2,001	1,752
Trading Asset Securities	-	-	2.4	2.59	2.26	-
Cash & Short-Term Investments	1,244	1,128	1,078	1,520	2,003	1,752
Cash Growth	10.44%	4.68%	-29.08%	-24.13%	14.32%	17.08%
Accounts Receivable	772.78	858.22	853.4	835.78	1,412	1,559
Other Receivables	10.05	9.52	10.72	12.47	83.16	79.03
Receivables	782.83	867.75	864.12	848.26	1,495	1,638
Inventory	385.61	453.72	508.5	533.81	1,144	969.1
Prepaid Expenses	-	-	-	-	3.76	-
Other Current Assets	44.46	38.66	43.36	46.48	126.19	150.16
Total Current Assets	2,457	2,489	2,494	2,949	4,773	4,509
Property, Plant & Equipment	795.58	834.7	862.67	715.42	1,305	1,271
Long-Term Investments	652.52	672.26	659.57	638.5	599.68	2,033
Other Intangible Assets	217.29	224.46	233.96	240.82	577.73	670.49
Long-Term Accounts Receivable	-	0.27	0.42	0.42	150.86	179.92
Long-Term Deferred Tax Assets	31.96	36.72	37.89	37.24	57.68	272.17
Long-Term Deferred Charges	20.82	23.69	25.4	30.33	67.67	70.54
Other Long-Term Assets	4.48	5.9	4.09	138.53	164.58	102.2
Total Assets	4,180	4,287	4,318	4,750	7,696	9,108
Accounts Payable	378.37	446.9	454.09	420.86	1,073	955.89
Accrued Expenses	48.49	86.61	86.06	96.79	368.13	382.07
Short-Term Debt	244.15	249.56	246.25	112.14	322.39	331.76
Current Portion of Long-Term Debt	-	4.49	4.55	18.93	1,884	-
Current Portion of Leases	-	11.25	7.74	7.5	40.19	-
Current Income Taxes Payable	14.56	3.74	3.44	10.04	22.71	28.97
Current Unearned Revenue	93.17	117.1	128.38	138	177.6	163.85
Other Current Liabilities	710.28	106	141.62	264.27	551.57	772.07
Total Current Liabilities	1,489	1,026	1,072	1,069	4,439	2,635
Long-Term Debt	37.9	629.65	633.65	1,080	495.04	2,682
Long-Term Leases	3.63	9.73	14.44	12.59	70.2	7.51
Long-Term Unearned Revenue	36.65	43.1	50.88	58.54	86.91	103.79
Pension & Post-Retirement Benefits	22.12	23.12	24.3	24.61	129.36	159.06
Long-Term Deferred Tax Liabilities	2.49	5.28	4	4.64	103.43	429.12
Other Long-Term Liabilities	22.31	22.35	22.35	22.35	66.73	249.05
Total Liabilities	1,614	1,759	1,822	2,271	5,391	6,265
Common Stock	2,507	2,507	2,507	2,507	2,507	2,507
Additional Paid-In Capital	3,470	3,470	3,470	3,470	3,482	3,483
Retained Earnings	-3,476	-3,512	-3,551	-3,589	-3,922	-3,383
Comprehensive Income & Other	-7.87	-7.87	-7.77	-6.31	104.99	89.55
Total Common Equity	2,493	2,457	2,418	2,381	2,172	2,696
Minority Interest	72.67	70.3	78.48	97.24	133.2	147.38
Shareholders' Equity	2,566	2,528	2,496	2,479	2,305	2,844
Total Liabilities & Equity	4,180	4,287	4,318	4,750	7,696	9,108
Total Debt	285.69	904.68	906.62	1,231	2,812	3,021
Net Cash (Debt)	958.44	223.78	171.37	288.87	-808.46	-1,269
Net Cash Growth	344.14%	30.58%	-40.68%	-	-	-
Net Cash Per Share	0.39	0.09	0.07	0.11	-0.32	-0.55
Filing Date Shares Outstanding	2,507	2,507	2,507	2,507	2,507	2,507
Total Common Shares Outstanding	2,507	2,507	2,507	2,507	2,507	2,507
Working Capital	968	1,463	1,422	1,880	333.74	1,875
Book Value Per Share	0.99	0.98	0.96	0.95	0.87	1.08
Tangible Book Value	2,276	2,233	2,184	2,141	1,594	2,026
Tangible Book Value Per Share	0.91	0.89	0.87	0.85	0.64	0.81
Land	-	-	-	-	132.82	165.15
Buildings	-	663.71	663.69	283.32	970.7	1,040
Machinery	-	1,040	998.63	942.16	1,756	1,775
Construction In Progress	-	10.31	11.34	212.86	260.77	217.16

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