SHA:600685 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	13,714	15,261	16,423	14,814	9,560	8,768
Trading Asset Securities	3	1.17	9.13	29.87	3,281	1,055
Cash & Short-Term Investments	13,717	15,262	16,432	14,844	12,841	9,823
Cash Growth	11.59%	-7.12%	10.70%	15.59%	30.73%	-31.62%
Accounts Receivable	6,018	4,939	5,011	3,560	3,895	5,851
Other Receivables	55.64	63.12	63.33	60.83	94.55	132.47
Receivables	6,074	5,002	5,074	3,621	3,990	5,984
Inventory	8,079	5,906	5,435	4,354	4,923	4,199
Other Current Assets	6,954	5,971	2,886	3,027	2,327	1,796
Total Current Assets	34,824	32,141	29,827	25,845	24,082	21,802
Property, Plant & Equipment	4,960	5,219	5,690	5,816	5,159	4,417
Long-Term Investments	13,428	13,264	11,653	10,488	10,433	8,862
Other Intangible Assets	904.08	925.12	886.45	910.43	933.62	918.94
Long-Term Accounts Receivable	465.4	715.99	1,667	2,153	2,371	1,997
Long-Term Deferred Tax Assets	362.11	451.59	369.37	374.96	365.04	380.09
Long-Term Deferred Charges	-	79.79	43.98	49.58	51.24	21.21
Other Long-Term Assets	937.02	799.98	726.13	872.56	870.8	539.46
Total Assets	55,881	53,596	50,863	46,508	44,265	38,938
Accounts Payable	11,666	8,537	7,378	6,348	7,155	6,705
Accrued Expenses	260.11	18.59	39.62	47.88	8.31	3.32
Short-Term Debt	601.32	598.34	780.51	2,896	1,930	2,050
Current Portion of Long-Term Debt	3,291	1,479	1,001	1,383	925.52	2,862
Current Portion of Leases	-	79.11	63.05	76.28	25.7	22.69
Current Income Taxes Payable	24.44	0.07	14.34	14.5	14.34	14.36
Current Unearned Revenue	14,868	13,291	15,374	11,980	9,349	5,180
Other Current Liabilities	573.9	2,393	1,835	1,617	1,607	1,662
Total Current Liabilities	31,285	26,396	26,486	24,361	21,015	18,499
Long-Term Debt	1,253	4,049	3,314	2,230	3,189	2,118
Long-Term Leases	118.89	152.59	121.11	114.59	169.78	96.49
Long-Term Unearned Revenue	64.23	85.32	39.43	87.67	89.61	78.74
Pension & Post-Retirement Benefits	94.33	90.83	104.53	120.6	143.44	157.76
Long-Term Deferred Tax Liabilities	1,329	1,282	914.32	530.87	664.22	281.52
Other Long-Term Liabilities	369.76	369.82	276.16	311.28	323.21	155.54
Total Liabilities	34,514	32,426	31,255	27,757	25,595	21,386
Common Stock	1,414	1,414	1,414	1,414	1,414	1,414
Additional Paid-In Capital	-	9,003	9,003	9,376	9,394	9,310
Retained Earnings	4,180	3,738	3,393	3,349	2,854	3,010
Comprehensive Income & Other	12,374	3,670	2,608	1,451	1,864	699.02
Total Common Equity	17,967	17,825	16,418	15,589	15,525	14,432
Minority Interest	3,399	3,346	3,189	3,163	3,146	3,119
Shareholders' Equity	21,367	21,170	19,607	18,752	18,671	17,551
Total Liabilities & Equity	55,881	53,596	50,863	46,508	44,265	38,938
Total Debt	5,264	6,358	5,280	6,700	6,240	7,148
Net Cash (Debt)	8,453	8,904	11,152	8,144	6,601	2,675
Net Cash Growth	32.39%	-20.16%	36.94%	23.37%	146.81%	-
Net Cash Per Share	5.98	6.30	7.89	5.76	4.67	1.89
Filing Date Shares Outstanding	1,414	1,414	1,414	1,414	1,414	1,414
Total Common Shares Outstanding	1,414	1,414	1,414	1,414	1,414	1,414
Working Capital	3,539	5,745	3,341	1,484	3,067	3,304
Book Value Per Share	12.71	12.61	11.61	11.03	10.98	10.21
Tangible Book Value	17,063	16,900	15,531	14,678	14,591	13,513
Tangible Book Value Per Share	12.07	11.96	10.99	10.38	10.32	9.56
Buildings	-	3,830	3,568	3,290	3,251	3,042
Machinery	-	4,525	4,842	5,069	4,237	3,442
Construction In Progress	-	164.27	340.77	277.02	229.19	348.78

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