SHA:603045 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	345.77	85.59	278.69	132.21	203.82	285.93
Trading Asset Securities	-	-	1	3	80	67
Cash & Short-Term Investments	345.77	85.59	279.69	135.21	283.82	352.93
Cash Growth	0.45%	-69.40%	106.86%	-52.36%	-19.58%	26.20%
Accounts Receivable	931.85	837.27	563.74	399.4	419.32	443.83
Other Receivables	1.8	3.88	4.84	10.89	12.51	5.25
Receivables	933.65	841.15	568.57	410.3	431.84	449.08
Inventory	790.71	776.56	648.24	564.17	684.79	507.14
Other Current Assets	62.85	51.62	24.14	19.39	68.36	56.71
Total Current Assets	2,133	1,755	1,521	1,129	1,469	1,366
Property, Plant & Equipment	636.31	613.61	602.97	602.8	571.83	468.89
Other Intangible Assets	47.5	46.27	46.54	48.44	54.63	59.13
Long-Term Deferred Tax Assets	14.73	15.29	13.66	15.45	15.85	9.29
Long-Term Deferred Charges	0.97	1.43	2.05	2.8	3.21	2.34
Other Long-Term Assets	72.33	71.44	82.52	81.07	53.4	6.31
Total Assets	2,905	2,503	2,268	1,880	2,168	1,912
Accounts Payable	202.25	147.27	84.39	38.21	102.36	211.55
Accrued Expenses	35.31	60.47	52.49	58.09	60.31	47.01
Short-Term Debt	793.3	547.47	584.63	466.82	576.8	619.87
Current Portion of Long-Term Debt	150.06	79.12	211.11	50.39	66.56	0.08
Current Portion of Leases	-	68.63	38.77	61.13	60.58	32.85
Current Income Taxes Payable	20.26	-	-	-	4.87	-
Current Unearned Revenue	5.53	6.27	7.24	7.58	7.3	3.68
Other Current Liabilities	46.38	34	43.37	44.38	31.17	13.82
Total Current Liabilities	1,253	943.23	1,022	726.6	909.96	928.86
Long-Term Debt	588.17	518.69	248.95	219	289.16	115.79
Long-Term Leases	0.28	28.02	30.38	-	60.66	14.74
Long-Term Unearned Revenue	27.12	30.58	23.53	23.37	26.98	20.07
Long-Term Deferred Tax Liabilities	11.09	11.56	9.52	11.31	11.4	9.06
Total Liabilities	1,880	1,532	1,334	980.28	1,298	1,089
Common Stock	135.45	135.45	135.45	137.62	137.62	137.62
Additional Paid-In Capital	218.78	218	218	245.85	245.85	245.85
Retained Earnings	665.73	618.48	581.11	546.21	516.45	470.19
Treasury Stock	-	-	-	-30.02	-30.02	-30.02
Comprehensive Income & Other	-1.14	-1.03	-0.57	-0.32	-0.33	-0.31
Shareholders' Equity	1,025	970.91	933.99	899.34	869.57	823.32
Total Liabilities & Equity	2,905	2,503	2,268	1,880	2,168	1,912
Total Debt	1,532	1,242	1,114	797.34	1,054	783.33
Net Cash (Debt)	-1,186	-1,156	-834.15	-662.13	-769.96	-430.39
Net Cash Per Share	-8.76	-8.54	-6.16	-4.89	-5.68	-3.16
Filing Date Shares Outstanding	135.45	135.45	135.45	135.45	135.45	135.45
Total Common Shares Outstanding	135.45	135.45	135.45	135.45	135.45	135.45
Working Capital	879.89	811.7	498.64	402.46	558.85	437.01
Book Value Per Share	7.52	7.17	6.90	6.64	6.42	6.08
Tangible Book Value	971.32	924.63	887.45	850.9	814.94	764.19
Tangible Book Value Per Share	7.17	6.83	6.55	6.28	6.02	5.64
Buildings	-	413.09	396.12	334.18	383.15	-
Machinery	-	407.43	342.51	289.18	252.77	-
Construction In Progress	-	91.57	126.62	185.7	101.76	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.