SHA:601225 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	35,060	29,701	27,232	47,938	54,195	23,939
Short-Term Investments	-	10.5	45.68	219.51	30	242.22
Trading Asset Securities	2,788	5,402	16,028	21,170	11,548	12,288
Cash & Short-Term Investments	37,848	35,113	43,305	69,327	65,773	36,469
Cash Growth	-15.57%	-18.92%	-37.54%	5.40%	80.36%	70.17%
Accounts Receivable	6,491	5,778	6,006	3,225	8,162	7,631
Other Receivables	671.93	731.85	1,985	264.26	695.9	985.14
Receivables	7,163	6,509	7,991	3,489	8,858	8,617
Inventory	3,930	4,144	3,001	2,678	3,617	5,259
Prepaid Expenses	-	164.14	72.3	15.92	73.53	30.54
Other Current Assets	6,445	6,247	6,957	7,048	7,150	4,688
Total Current Assets	55,385	52,178	61,326	82,559	85,471	55,063
Property, Plant & Equipment	116,097	110,882	110,669	83,360	75,399	60,162
Long-Term Investments	30,627	30,262	26,240	15,444	14,399	10,694
Goodwill	40.97	-	-	-	-	-
Other Intangible Assets	27,136	27,546	28,792	28,851	24,799	21,314
Long-Term Accounts Receivable	15.4	15.4	23.99	22.11	-	-
Long-Term Deferred Tax Assets	2,921	3,527	5,053	3,779	1,421	1,078
Long-Term Deferred Charges	1,156	943.93	1,017	592.75	410.23	386.77
Other Long-Term Assets	4,926	3,198	2,846	8,724	419.28	434.35
Total Assets	238,305	228,553	235,967	223,333	202,319	149,132
Accounts Payable	21,543	9,959	12,374	6,471	12,093	7,393
Accrued Expenses	2,458	6,653	6,854	5,881	10,545	4,446
Short-Term Debt	1,292	2,021	2,503	274.49	858.81	767.13
Current Portion of Long-Term Debt	1,914	2,282	2,942	2,354	1,699	5,779
Current Portion of Leases	-	116.11	136.82	157.54	71.69	-
Current Income Taxes Payable	3,774	2,018	3,285	5,343	5,219	2,711
Current Unearned Revenue	10,436	7,813	7,802	13,955	10,220	7,912
Other Current Liabilities	11,587	26,962	17,139	16,284	9,193	10,018
Total Current Liabilities	53,004	57,825	53,036	50,720	49,899	39,026
Long-Term Debt	19,056	13,875	16,986	4,163	8,705	6,792
Long-Term Leases	229.27	463.71	881.81	377.18	243.18	-
Long-Term Unearned Revenue	262.35	259.4	244.11	267.44	237.25	212.66
Long-Term Deferred Tax Liabilities	137.98	70.53	1,863	2,255	416.05	643.2
Other Long-Term Liabilities	27,803	27,413	23,880	21,113	16,594	12,649
Total Liabilities	100,493	99,906	96,892	78,896	76,095	59,323
Common Stock	9,695	9,695	9,695	9,695	9,695	10,000
Additional Paid-In Capital	1,245	1,223	12,066	7,298	14,417	7,555
Retained Earnings	73,186	71,865	71,326	85,516	67,665	52,085
Treasury Stock	-	-	-	-	-	-2,503
Comprehensive Income & Other	10,304	7,804	6,691	6,379	5,151	3,168
Total Common Equity	94,430	90,586	99,778	108,889	96,928	70,304
Minority Interest	43,382	38,061	39,297	35,548	29,296	19,505
Shareholders' Equity	137,812	128,647	139,075	144,437	126,224	89,809
Total Liabilities & Equity	238,305	228,553	235,967	223,333	202,319	149,132
Total Debt	22,491	18,758	23,450	7,327	11,578	13,338
Net Cash (Debt)	15,356	16,356	19,855	62,001	54,195	23,131
Net Cash Growth	-62.53%	-17.62%	-67.98%	14.40%	134.30%	311.65%
Net Cash Per Share	1.59	1.69	2.05	6.39	5.59	2.38
Filing Date Shares Outstanding	9,695	9,695	9,695	9,695	9,695	9,695
Total Common Shares Outstanding	9,695	9,695	9,695	9,695	9,695	9,695
Working Capital	2,382	-5,646	8,290	31,838	35,572	16,036
Book Value Per Share	9.74	9.34	10.29	11.23	10.00	7.25
Tangible Book Value	67,253	63,040	70,986	80,037	72,130	48,990
Tangible Book Value Per Share	6.94	6.50	7.32	8.26	7.44	5.05
Buildings	-	60,824	60,505	42,935	35,072	26,234
Machinery	-	97,600	99,804	62,511	55,201	37,972
Construction In Progress	-	13,555	7,721	4,550	6,616	13,396

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