SHA:603048 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	67.43	158.26	211.22	329.24	186.59	59.89
Trading Asset Securities	40.32	0.19	0.09	0.1	245.16	-
Cash & Short-Term Investments	107.75	158.45	211.31	329.34	431.75	59.89
Cash Growth	-11.94%	-25.01%	-35.84%	-23.72%	620.95%	-
Accounts Receivable	309.68	273.56	329.6	192.35	264.98	261.14
Other Receivables	0.55	0.49	0.24	5.55	0.11	4.32
Receivables	310.24	274.06	329.84	197.9	265.08	265.46
Inventory	211.12	187.31	181.29	197.63	206.68	135.25
Other Current Assets	4.64	5.27	6.19	3.88	2.48	1.59
Total Current Assets	633.75	625.1	728.63	728.74	905.98	462.18
Property, Plant & Equipment	742.59	761.29	782.03	709.44	512.56	380.45
Long-Term Investments	90.64	84.79	69.97	62.01	4.84	5.26
Other Intangible Assets	93.01	94.5	93.87	96.19	98.56	37.69
Long-Term Deferred Tax Assets	12.15	14.89	12.72	12.62	3.64	3.82
Long-Term Deferred Charges	0.74	0.22	0.31	0.4	-	-
Other Long-Term Assets	14.61	14.5	7.83	12.84	12.78	95.47
Total Assets	1,587	1,595	1,695	1,622	1,538	984.87
Accounts Payable	181.01	153.93	191.4	85.35	130.9	57.74
Accrued Expenses	28.82	46.23	45.08	36.06	36.46	41.63
Short-Term Debt	39.02	40.03	83.08	153.17	46.56	155.98
Current Portion of Leases	0.87	0.89	0.67	0.57	0.13	-
Current Income Taxes Payable	13.28	0.8	0.43	-	1.31	4.92
Current Unearned Revenue	0.35	0.46	0.18	0.04	0.16	0.18
Other Current Liabilities	11.91	29.92	34.08	28.79	14.24	35.16
Total Current Liabilities	275.27	272.25	354.92	304	229.76	295.62
Long-Term Debt	-	-	-	-	-	30
Long-Term Leases	0.57	1.42	0.99	1.3	0.06	-
Long-Term Unearned Revenue	16.5	17.97	19.96	15.11	4.24	2.45
Long-Term Deferred Tax Liabilities	22.75	22.35	19.7	15.89	9.11	6.32
Total Liabilities	315.09	313.98	395.57	336.3	243.17	334.39
Common Stock	146.88	146.88	146.88	146.88	146.88	110.16
Additional Paid-In Capital	808.52	808.52	808.52	808.52	808.52	279.59
Retained Earnings	330.99	337.41	345.48	330.62	339.83	260.75
Treasury Stock	-10	-10	-	-	-	-
Comprehensive Income & Other	0.04	0.06	0.05	0.07	-0.03	-0.02
Total Common Equity	1,276	1,283	1,301	1,286	1,295	650.48
Minority Interest	-4.03	-1.57	-1.15	-0.15	-	-
Shareholders' Equity	1,272	1,281	1,300	1,286	1,295	650.48
Total Liabilities & Equity	1,587	1,595	1,695	1,622	1,538	984.87
Total Debt	40.46	42.33	84.73	155.05	46.75	185.98
Net Cash (Debt)	67.29	116.12	126.58	174.29	385	-126.09
Net Cash Growth	-26.24%	-8.26%	-27.37%	-54.73%	-	-
Net Cash Per Share	0.46	0.78	0.86	1.17	3.42	-1.14
Filing Date Shares Outstanding	146.07	146.07	146.88	146.88	146.88	109.37
Total Common Shares Outstanding	146.07	146.07	146.88	146.88	146.88	109.37
Working Capital	358.47	352.85	373.7	424.75	676.23	166.56
Book Value Per Share	8.74	8.78	8.86	8.76	8.82	5.95
Tangible Book Value	1,183	1,188	1,207	1,190	1,197	612.79
Tangible Book Value Per Share	8.10	8.14	8.22	8.10	8.15	5.60
Buildings	-	632.13	622.86	407.19	405.23	325.08
Machinery	-	484.89	434.37	377.97	306.59	236.32
Construction In Progress	-	41.97	55.4	202.45	33.99	6.65

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