SHA:600678 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	66.11	98.12	59.81	37.15	33.46	28.13
Cash & Short-Term Investments	66.11	98.12	59.81	37.15	33.46	28.13
Cash Growth	29.89%	64.05%	61.00%	11.04%	18.93%	100.04%
Accounts Receivable	86.92	45.6	17.47	3.07	11.64	20.14
Other Receivables	10.6	6.61	7.62	2.13	2.84	12.54
Receivables	97.52	56.46	27.83	10.15	17.38	38.03
Inventory	16.62	4.92	1.89	8.07	10.75	3.29
Other Current Assets	100.57	30.84	19.32	11.93	5.19	10.15
Total Current Assets	280.82	190.34	108.85	67.3	66.78	79.6
Property, Plant & Equipment	697.78	716.29	649.13	390.63	375.4	287.37
Long-Term Investments	17.08	5.86	3.34	12.02	26.67	26.94
Other Intangible Assets	451.47	146.52	142.03	143.57	74.82	77.77
Long-Term Deferred Tax Assets	1	1.9	3.11	2.14	0.37	0.41
Long-Term Deferred Charges	48.48	43.19	23.48	22.2	17.41	14.12
Other Long-Term Assets	5.05	8.05	8.16	2.75	7.97	8.14
Total Assets	1,502	1,112	938.09	640.62	569.42	494.34
Accounts Payable	245.16	148.13	242.75	25.44	61.56	27.94
Accrued Expenses	3.29	45.68	16.93	23.96	21.72	29.6
Short-Term Debt	70.19	86.79	43.06	55.5	-	-
Current Portion of Long-Term Debt	17.72	61.42	55.58	73.5	50.1	75.75
Current Portion of Leases	-	28.81	90.53	6.08	3.84	-
Current Income Taxes Payable	10.98	9.55	0.86	5.85	6.36	7.3
Current Unearned Revenue	70.31	62.19	45.4	56.06	50.97	40.78
Other Current Liabilities	84.49	71.19	29.8	30.51	19.52	25.17
Total Current Liabilities	502.13	513.75	524.9	276.89	214.07	206.56
Long-Term Debt	322.32	323.61	146.73	79.92	103.42	119.92
Long-Term Leases	2.63	7.86	32.34	7.31	7.04	-
Long-Term Deferred Tax Liabilities	0.33	1.16	2.36	-	-	-
Other Long-Term Liabilities	341.48	37.97	1.18	3.28	1.18	4.62
Total Liabilities	1,169	884.34	707.51	367.4	325.71	331.1
Common Stock	348.99	348.99	348.99	348.99	348.99	348.99
Additional Paid-In Capital	316.06	307.63	305.72	305.72	305.35	305.35
Retained Earnings	-467.04	-499.1	-479.91	-389.19	-451.64	-519.42
Comprehensive Income & Other	83.94	64.34	49.01	0	39.25	26.98
Total Common Equity	281.95	221.86	223.81	265.52	241.96	161.9
Minority Interest	50.84	5.94	6.77	7.7	1.74	1.34
Shareholders' Equity	332.79	227.8	230.59	273.22	243.7	163.24
Total Liabilities & Equity	1,502	1,112	938.09	640.62	569.42	494.34
Total Debt	412.85	508.48	368.23	222.3	164.4	195.67
Net Cash (Debt)	-346.75	-410.36	-308.42	-185.15	-130.95	-167.54
Net Cash Per Share	-0.99	-1.18	-0.88	-0.53	-0.38	-0.48
Filing Date Shares Outstanding	348.99	348.99	348.99	348.99	348.99	348.99
Total Common Shares Outstanding	348.99	348.99	348.99	348.99	348.99	348.99
Working Capital	-221.32	-323.41	-416.06	-209.59	-147.3	-126.96
Book Value Per Share	0.81	0.64	0.64	0.76	0.69	0.46
Tangible Book Value	-169.52	75.34	81.78	121.94	167.14	84.13
Tangible Book Value Per Share	-0.49	0.22	0.23	0.35	0.48	0.24
Buildings	-	363	257.85	249.57	244.75	126.3
Machinery	-	369.28	253.66	246.6	237.38	138.09
Construction In Progress	-	155.2	284.29	29.08	7.49	132.16

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