SHA:603051 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	367.11	657.6	301.5	216.13	208.17	98.39
Trading Asset Securities	475.33	-	-	-	-	27.01
Cash & Short-Term Investments	842.44	657.6	301.5	216.13	208.17	125.4
Cash Growth	67.47%	118.11%	39.50%	3.82%	66.01%	-25.26%
Accounts Receivable	761.79	913.35	1,350	1,038	537.21	359.01
Other Receivables	4.3	4.1	2.29	1.92	2.39	4.18
Receivables	766.09	917.45	1,353	1,040	539.6	363.2
Inventory	253.63	215.4	368.41	626.69	193.83	132.15
Other Current Assets	68.16	52.18	50.93	97.75	39.83	60.37
Total Current Assets	1,930	1,843	2,073	1,980	981.44	681.12
Property, Plant & Equipment	518.45	573.2	559.2	434.12	321.75	230.83
Other Intangible Assets	25.06	25.92	25.64	26.03	24.91	25.5
Long-Term Deferred Tax Assets	65.38	55.93	42.31	18.13	5.46	4.65
Long-Term Deferred Charges	16.87	23.14	19.67	6.2	3.97	2.29
Other Long-Term Assets	7.69	3.77	20.04	29	28.38	21.96
Total Assets	2,564	2,525	2,740	2,494	1,366	966.33
Accounts Payable	309.75	232.01	122.66	202.69	74.03	35.46
Accrued Expenses	8.74	36.62	31.15	25.73	24.93	19.5
Short-Term Debt	276.51	188.73	338.13	505.23	187.2	98.75
Current Portion of Long-Term Debt	70.18	25.38	52.94	10	10	-
Current Portion of Leases	-	5.95	0.37	0.91	2.36	-
Current Income Taxes Payable	6.66	4.93	2.48	3.5	2.92	11.36
Current Unearned Revenue	13.67	10.9	35.29	20.65	15.51	13.15
Other Current Liabilities	57.48	111.08	183.11	320.49	224.25	132.2
Total Current Liabilities	743	615.59	766.13	1,089	541.2	310.41
Long-Term Debt	168.25	318.42	630.66	47.91	55.15	-
Long-Term Leases	1.57	6.11	1.51	-	0.91	-
Long-Term Unearned Revenue	21.88	23.47	26.4	30.3	13.36	12.43
Long-Term Deferred Tax Liabilities	-	1.19	-	-	-	1.18
Total Liabilities	934.71	964.79	1,425	1,167	610.62	324.02
Common Stock	152.49	104.62	93.32	93.32	69.01	69.01
Additional Paid-In Capital	1,048	996.04	748.04	732.5	180.3	180.3
Retained Earnings	407.3	437.32	420.39	544.02	505.97	393
Treasury Stock	-	-11.91	-25.95	-43.67	-	-
Comprehensive Income & Other	21.17	33.73	79.78	-	-	-
Shareholders' Equity	1,629	1,560	1,316	1,326	755.28	642.31
Total Liabilities & Equity	2,564	2,525	2,740	2,494	1,366	966.33
Total Debt	516.51	544.59	1,024	564.05	255.63	98.75
Net Cash (Debt)	325.93	113.02	-722.1	-347.91	-47.46	26.65
Net Cash Growth	-	-	-	-	-	-78.44%
Net Cash Per Share	2.33	0.86	-5.62	-2.89	-0.49	0.28
Filing Date Shares Outstanding	152.49	146.47	122.97	130.65	96.61	96.61
Total Common Shares Outstanding	152.49	146.47	122.97	130.65	96.61	96.61
Working Capital	1,187	1,227	1,307	890.91	440.24	370.7
Book Value Per Share	10.68	10.65	10.70	10.15	7.82	6.65
Tangible Book Value	1,604	1,534	1,290	1,300	730.37	616.82
Tangible Book Value Per Share	10.52	10.47	10.49	9.95	7.56	6.38
Buildings	-	239.77	232.94	178.17	169.72	78.02
Machinery	-	596.46	467.11	364.56	236.38	174.02
Construction In Progress	-	1.62	62.39	45.93	30.35	84.85

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