Shanghai Join Buy 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	475.2	434.23	377.8	325.09	305.19	206.37
Cash & Short-Term Investments	475.2	434.23	377.8	325.09	305.19	206.37
Cash Growth	11.23%	14.94%	16.21%	6.52%	47.89%	-46.49%
Accounts Receivable	8.46	7.31	5.67	7.24	9.71	13.17
Other Receivables	2.14	1.67	1.63	1.25	1.19	0.98
Receivables	10.6	8.99	7.3	8.5	10.9	14.15
Inventory	17.18	16.25	18.02	18.01	18.8	16.44
Other Current Assets	3.3	2.25	2.87	8.04	3.85	9.25
Total Current Assets	506.28	461.72	405.99	359.63	338.74	246.21
Property, Plant & Equipment	52.06	56.94	64.93	61.78	68.03	43.33
Long-Term Investments	817.29	809.56	767.34	769.44	901.1	815.15
Goodwill	0	0	0	0	0	0
Other Intangible Assets	64.53	67.07	70.45	73.83	77.21	80.59
Long-Term Deferred Charges	4.39	5.26	3.79	3.82	3.95	3.98
Other Long-Term Assets	256.88	265.55	278.57	288.45	299.92	306.4
Total Assets	1,701	1,666	1,591	1,557	1,689	1,496
Accounts Payable	1.45	2.18	2.89	1.78	4.62	7.46
Accrued Expenses	-	0.98	1.01	1.37	1.2	3.19
Current Portion of Leases	1.3	6.03	7.49	6.12	6.15	-
Current Income Taxes Payable	0.75	0	-	-	-	-
Current Unearned Revenue	34.2	35.85	35.69	35.89	34.91	30.1
Other Current Liabilities	12.52	14.24	15.3	16.8	20.14	18.6
Total Current Liabilities	50.21	59.29	62.38	61.96	67.01	59.35
Long-Term Leases	8.26	7.13	13.27	16.81	20.91	-
Long-Term Deferred Tax Liabilities	66.5	59.57	44.32	46.56	82.6	63.02
Other Long-Term Liabilities	0.3	0.3	0.3	0.3	0.3	0.3
Total Liabilities	125.27	126.3	120.26	125.62	170.82	122.67
Common Stock	400.88	400.88	400.88	400.88	400.88	400.88
Additional Paid-In Capital	183.69	183.69	183.69	183.69	183.69	183.69
Retained Earnings	792.14	776.54	753.35	707.19	685.76	599.34
Comprehensive Income & Other	199.46	178.7	132.89	139.58	247.81	189.07
Shareholders' Equity	1,576	1,540	1,471	1,431	1,518	1,373
Total Liabilities & Equity	1,701	1,666	1,591	1,557	1,689	1,496
Total Debt	9.56	13.17	20.76	22.92	27.06	-
Net Cash (Debt)	465.64	421.07	357.04	302.17	278.13	206.37
Net Cash Growth	13.15%	17.93%	18.16%	8.64%	34.77%	-46.49%
Net Cash Per Share	1.16	1.05	0.89	0.75	0.69	0.51
Filing Date Shares Outstanding	400.88	400.88	400.88	400.88	400.88	400.88
Total Common Shares Outstanding	400.88	400.88	400.88	400.88	400.88	400.88
Working Capital	456.06	402.43	343.61	297.67	271.73	186.86
Book Value Per Share	3.93	3.84	3.67	3.57	3.79	3.42
Tangible Book Value	1,512	1,473	1,400	1,358	1,441	1,292
Tangible Book Value Per Share	3.77	3.67	3.49	3.39	3.59	3.22
Buildings	-	49.56	48.42	48.42	48.42	52.19
Machinery	-	22.08	16.98	17.7	17.55	20.29
Construction In Progress	-	-	4.88	-	-	-

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