SHA:600965 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	95.33	96.61	137.5	640.02	1,002	538.43
Trading Asset Securities	-	-	0	-	-	-
Cash & Short-Term Investments	95.33	96.61	137.5	640.02	1,002	538.43
Cash Growth	-5.10%	-29.73%	-78.52%	-36.10%	86.02%	-1.76%
Accounts Receivable	68.44	82.66	91.05	121.22	145.09	148.81
Other Receivables	40.85	30.34	9.82	32.78	51.39	602.83
Receivables	109.29	113	100.87	154	196.48	751.63
Inventory	1,079	928.1	855.15	592.45	619.19	509.97
Other Current Assets	28.36	28.37	19.37	33.74	41.03	37.51
Total Current Assets	1,312	1,166	1,113	1,420	1,858	1,838
Property, Plant & Equipment	1,094	1,144	1,205	823.97	572.06	426.31
Long-Term Investments	-	55.97	78.34	138.67	162.92	184.84
Other Intangible Assets	22.8	23.17	24.2	25.3	27.94	29.1
Long-Term Deferred Tax Assets	6.33	6.52	11.24	16.25	5.18	2.44
Long-Term Deferred Charges	179	200.74	130.14	32.96	29.99	33.58
Other Long-Term Assets	52.98	4.4	0.87	3.53	14.56	16.44
Total Assets	2,667	2,601	2,563	2,461	2,671	2,530
Accounts Payable	87.06	68.89	74.06	72.95	113.56	197.72
Accrued Expenses	21.51	32.09	55.5	27.63	26.95	22.51
Short-Term Debt	-	80.05	-	-	180	100
Current Portion of Leases	7.57	6.32	9.69	13.51	10.93	-
Current Income Taxes Payable	6.98	4.17	8.19	3.19	24.54	21.41
Current Unearned Revenue	14.77	4.9	6.18	4.04	19.07	2.14
Other Current Liabilities	156.16	150.02	128.48	123.73	89.82	92.47
Total Current Liabilities	294.05	346.45	282.1	245.05	464.88	436.25
Long-Term Debt	100.08	-	-	-	-	-
Long-Term Leases	25.23	31.74	63.41	51.87	39.76	-
Long-Term Unearned Revenue	24.98	22.52	19.05	13.01	11.24	7.58
Long-Term Deferred Tax Liabilities	5	5.45	11.24	15.65	2.45	2.72
Other Long-Term Liabilities	13.05	13.05	19.18	19.18	-	-
Total Liabilities	462.39	419.22	394.97	344.75	518.32	446.55
Common Stock	818.7	818.7	818.7	818.7	818.7	818.7
Additional Paid-In Capital	297.67	297.67	297.67	297.67	297.67	297.67
Retained Earnings	1,059	1,036	1,025	970.5	993.52	925.06
Total Common Equity	2,176	2,153	2,141	2,087	2,110	2,041
Minority Interest	28.84	28.99	26.44	29.25	42.71	42.3
Shareholders' Equity	2,204	2,182	2,168	2,116	2,153	2,084
Total Liabilities & Equity	2,667	2,601	2,563	2,461	2,671	2,530
Total Debt	132.88	118.12	73.09	65.38	230.68	100
Net Cash (Debt)	-37.55	-21.5	64.4	574.64	770.9	438.43
Net Cash Growth	-	-	-88.79%	-25.46%	75.83%	25.14%
Net Cash Per Share	-0.04	-0.03	0.08	0.70	0.94	0.54
Filing Date Shares Outstanding	818.7	818.7	818.7	818.7	818.7	818.7
Total Common Shares Outstanding	818.7	818.7	818.7	818.7	818.7	818.7
Working Capital	1,018	819.63	830.78	1,175	1,393	1,401
Book Value Per Share	2.66	2.63	2.62	2.55	2.58	2.49
Tangible Book Value	2,153	2,130	2,117	2,062	2,082	2,012
Tangible Book Value Per Share	2.63	2.60	2.59	2.52	2.54	2.46
Buildings	-	918.36	908.87	546.42	363.48	363.87
Machinery	-	342.44	327.45	280.1	272.45	242.91
Construction In Progress	-	8.46	18.2	20.85	50.92	17.46

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