SHA:600785 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	513.5	428.48	446.87	452.7	413.24	847.09
Trading Asset Securities	323.16	1.19	-	2	-	-
Cash & Short-Term Investments	836.66	429.67	446.87	454.71	413.24	847.09
Cash Growth	84.11%	-3.85%	-1.72%	10.04%	-51.22%	8.15%
Accounts Receivable	313.82	310.6	267.73	199.5	149.26	175.81
Other Receivables	33.31	59.41	71.15	70.12	87.43	63.36
Receivables	347.13	370.01	338.88	269.62	236.69	239.16
Inventory	545.79	756.24	738.62	909.44	784.71	682.58
Prepaid Expenses	-	-	0.03	0.02	0.25	-
Other Current Assets	228.83	348.73	345.26	399.36	319.08	490.64
Total Current Assets	1,958	1,905	1,870	2,033	1,754	2,259
Property, Plant & Equipment	4,533	4,312	4,725	4,480	4,715	2,103
Long-Term Investments	239.55	246.29	259.81	110.29	178.83	151.17
Goodwill	1.12	1.12	1.12	1.12	1.12	1.12
Other Intangible Assets	559.83	584.16	616.71	653.37	637.25	646.23
Long-Term Accounts Receivable	23.22	24.98	28.11	27.32	31.99	-
Long-Term Deferred Tax Assets	509.8	560.22	630.26	143.9	130.11	28.79
Long-Term Deferred Charges	589.73	631.72	594.72	630.48	662.72	961.46
Other Long-Term Assets	62.05	64.3	67.31	70.33	73.31	76.8
Total Assets	8,477	8,330	8,793	8,150	8,185	6,228
Accounts Payable	1,434	1,499	1,578	1,573	1,485	1,507
Accrued Expenses	19.69	53.91	45.25	73.74	42.19	45.11
Short-Term Debt	491.75	583.79	510.39	721.66	948.95	1,072
Current Portion of Long-Term Debt	290.96	22.63	64	26.01	46.4	-
Current Portion of Leases	-	263.22	243.52	205.98	198.27	-
Current Income Taxes Payable	45.94	24.73	10.49	8.59	25.41	7.81
Current Unearned Revenue	896.19	942.29	854.09	758.8	651.95	606.39
Other Current Liabilities	345.57	310.99	299.21	228.13	253.99	541.16
Total Current Liabilities	3,525	3,701	3,605	3,596	3,652	3,780
Long-Term Debt	76.94	90.44	262.88	129.05	29.13	168.04
Long-Term Leases	2,397	2,064	2,450	2,533	2,683	-
Long-Term Unearned Revenue	7.72	7.68	8.94	4.67	9.22	13.75
Long-Term Deferred Tax Liabilities	444.57	472.95	537.7	46.95	38.64	39.19
Other Long-Term Liabilities	-	-	-	-	-	3.02
Total Liabilities	6,450	6,336	6,865	6,309	6,412	4,004
Common Stock	225.63	225.63	225.63	225.63	225.63	225.63
Additional Paid-In Capital	311.36	311.36	311.36	311.36	311.36	311.36
Retained Earnings	1,763	1,712	1,622	1,508	1,415	1,832
Total Common Equity	2,300	2,249	2,159	2,045	1,952	2,369
Minority Interest	-273.59	-254.87	-231.25	-204.47	-179.49	-144.59
Shareholders' Equity	2,026	1,994	1,928	1,841	1,772	2,224
Total Liabilities & Equity	8,477	8,330	8,793	8,150	8,185	6,228
Total Debt	3,256	3,024	3,531	3,615	3,906	1,241
Net Cash (Debt)	-2,420	-2,594	-3,084	-3,161	-3,493	-393.44
Net Cash Per Share	-10.87	-11.54	-13.60	-13.86	-15.61	-1.73
Filing Date Shares Outstanding	225.63	225.63	225.63	225.63	225.63	225.63
Total Common Shares Outstanding	225.63	225.63	225.63	225.63	225.63	225.63
Working Capital	-1,566	-1,796	-1,736	-1,562	-1,898	-1,520
Book Value Per Share	10.19	9.97	9.57	9.07	8.65	10.50
Tangible Book Value	1,739	1,664	1,541	1,391	1,314	1,721
Tangible Book Value Per Share	7.71	7.37	6.83	6.16	5.82	7.63
Buildings	-	2,945	2,923	2,264	2,294	2,336
Machinery	-	438.05	441.49	409.53	432.96	410.4
Construction In Progress	-	36.21	65.29	343.44	232.07	90.53

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