SHA:600778 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	371.76	335.25	287.11	254.95	395.09	428.14
Short-Term Investments	-	20.39	70.59	20.78	25.8	-
Trading Asset Securities	4.93	5.92	4.86	18.09	22.46	29.72
Cash & Short-Term Investments	376.69	361.55	362.56	293.83	443.36	457.86
Cash Growth	-8.12%	-0.28%	23.39%	-33.73%	-3.17%	-20.20%
Accounts Receivable	63.73	40.55	68.54	10.6	22.15	48.28
Other Receivables	70.84	126.17	172.48	182.88	95.79	109.63
Receivables	134.57	166.71	241.02	193.48	117.94	157.91
Inventory	588.55	521.99	524.26	511.45	518.1	516.36
Prepaid Expenses	-	83.59	104.11	125.25	124.7	126.75
Other Current Assets	123.03	25.33	23.78	30.19	38.04	66.33
Total Current Assets	1,223	1,159	1,256	1,154	1,242	1,325
Property, Plant & Equipment	1,629	1,724	1,998	2,108	2,553	1,677
Long-Term Investments	219.63	231.41	246.08	423.38	436.47	427.06
Other Intangible Assets	95.95	181.81	187.24	208.21	195.53	204.68
Long-Term Accounts Receivable	2.33	2.68	3.17	3.52	6.7	4.36
Long-Term Deferred Tax Assets	7.52	7.52	9.85	7.88	51.58	68.69
Long-Term Deferred Charges	136.14	173.79	222.44	267.98	325.03	393.86
Other Long-Term Assets	81.38	83.86	87.41	81.95	222.85	234.66
Total Assets	3,394	3,564	4,010	4,255	5,033	4,335
Accounts Payable	316.16	386.22	521.8	485.25	564.24	691.43
Accrued Expenses	4.24	28.8	48.47	35.44	48.51	59.42
Short-Term Debt	749.15	614.61	470.65	440.55	385.49	437.56
Current Portion of Long-Term Debt	-	121.22	62.11	427.47	167.73	389.58
Current Portion of Leases	-	50.24	59.1	63.94	134.24	-
Current Income Taxes Payable	7.52	0.26	0.41	-	0.21	2.93
Current Unearned Revenue	1,148	1,175	1,196	1,252	1,211	1,206
Other Current Liabilities	403.61	422.34	471.88	473.82	457.51	497.46
Total Current Liabilities	2,628	2,798	2,831	3,178	2,969	3,284
Long-Term Debt	195.88	196.3	425.3	154.9	531.5	221.1
Long-Term Leases	218.29	223.11	407.13	463.04	848.13	31.74
Long-Term Unearned Revenue	1.57	2	2.73	3.62	0.83	1
Pension & Post-Retirement Benefits	14.17	-	-	-	-	-
Long-Term Deferred Tax Liabilities	9.94	10.29	9.56	9.14	9.08	8.96
Other Long-Term Liabilities	85.49	101.51	109.82	97.79	108.77	145.46
Total Liabilities	3,154	3,332	3,785	3,907	4,467	3,692
Common Stock	311.49	311.49	311.49	311.49	311.49	311.49
Additional Paid-In Capital	403.72	403.72	403.72	403.72	403.72	403.72
Retained Earnings	-528.34	-542.48	-545.66	-418.83	-200.49	-122.06
Comprehensive Income & Other	43.12	44.72	40.13	37.25	36.41	35.23
Total Common Equity	229.98	217.45	209.68	333.63	551.13	628.37
Minority Interest	10.65	14.7	14.7	14.7	14.7	14.59
Shareholders' Equity	240.63	232.15	224.38	348.33	565.83	642.96
Total Liabilities & Equity	3,394	3,564	4,010	4,255	5,033	4,335
Total Debt	1,163	1,205	1,424	1,550	2,067	1,080
Net Cash (Debt)	-786.63	-843.93	-1,062	-1,256	-1,624	-622.12
Net Cash Per Share	-2.48	-2.66	-3.43	-4.03	-5.21	-2.00
Filing Date Shares Outstanding	311.49	311.49	311.49	311.49	311.49	311.49
Total Common Shares Outstanding	311.49	311.49	311.49	311.49	311.49	311.49
Working Capital	-1,406	-1,639	-1,575	-2,024	-1,727	-1,959
Book Value Per Share	0.74	0.70	0.67	1.07	1.77	2.02
Tangible Book Value	134.04	35.64	22.44	125.42	355.6	423.69
Tangible Book Value Per Share	0.43	0.11	0.07	0.40	1.14	1.36
Buildings	-	2,718	2,720	2,724	2,435	2,466
Machinery	-	258.62	289.43	307.86	309.46	306.39
Construction In Progress	-	14.41	14.39	16.03	16.25	14.65

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