SHA:603078 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	335.47	440.11	845.22	998.56	292.73	550.92
Short-Term Investments	-	0.06	0.06	0.1	-	-
Trading Asset Securities	220.55	170.19	-	-	90	-
Cash & Short-Term Investments	556.03	610.36	845.28	998.66	382.73	550.92
Cash Growth	-24.37%	-27.79%	-15.36%	160.93%	-30.53%	59.32%
Accounts Receivable	473.31	431.54	383.69	386.61	335.03	218.61
Other Receivables	0.77	-	-	-	-	0.2
Receivables	474.08	431.54	383.69	386.61	335.03	218.82
Inventory	90.97	87.47	75.64	68.22	50.35	30.51
Other Current Assets	29.21	26.01	10.16	16.34	5.6	3.65
Total Current Assets	1,150	1,155	1,315	1,470	773.71	803.9
Property, Plant & Equipment	1,322	1,315	1,230	1,293	1,266	977.85
Other Intangible Assets	81.03	83.21	85.67	85.65	83.53	84.32
Long-Term Deferred Tax Assets	55.26	47.07	33.81	25.75	9.4	5.19
Long-Term Deferred Charges	7.33	6.1	2.08	1.03	0.9	-
Other Long-Term Assets	7.23	18.32	40.91	8.56	114.73	117.15
Total Assets	2,623	2,625	2,707	2,884	2,248	1,988
Accounts Payable	194.99	186.35	166.76	210.56	375.4	173.09
Accrued Expenses	27.64	33.82	29.36	30.17	23.8	16.42
Short-Term Debt	10	-	5.01	70.07	235.24	175.16
Current Portion of Long-Term Debt	8.7	15.02	315.78	122.39	38.23	-
Current Portion of Leases	-	1.43	1.53	0.46	0.54	-
Current Income Taxes Payable	12.93	1.44	4.29	2.91	5.09	1.3
Current Unearned Revenue	0.56	0.98	0.08	0.22	0.28	0.33
Other Current Liabilities	0.73	1.23	0.93	0.77	0.69	175.21
Total Current Liabilities	255.55	240.27	523.74	437.55	679.27	541.5
Long-Term Debt	402.2	468.02	280.33	274.38	392.73	314.01
Long-Term Leases	-	1.05	-	0.48	-	-
Long-Term Unearned Revenue	26.07	24.54	27.53	26.32	23.1	17.58
Long-Term Deferred Tax Liabilities	0.54	0.69	0.62	0.7	-	-
Other Long-Term Liabilities	-	-	-	293.69	-	-
Total Liabilities	684.35	734.57	832.21	1,033	1,095	873.1
Common Stock	385.64	385.64	385.64	296.64	195.97	150.75
Additional Paid-In Capital	837.18	837.18	634.57	811.39	516.47	561.69
Retained Earnings	713.59	669.51	615.23	530.74	442.65	404.23
Comprehensive Income & Other	1.63	0.4	-	-	-	-
Total Common Equity	1,938	1,893	1,635	1,639	1,155	1,117
Minority Interest	0.48	-1.92	239.74	212.1	-1.9	-1.35
Shareholders' Equity	1,939	1,891	1,875	1,851	1,153	1,115
Total Liabilities & Equity	2,623	2,625	2,707	2,884	2,248	1,988
Total Debt	420.9	485.52	602.64	467.77	666.73	489.17
Net Cash (Debt)	135.13	124.84	242.63	530.89	-284	61.75
Net Cash Growth	13.60%	-48.55%	-54.30%	-	-	-
Net Cash Per Share	0.35	0.32	0.63	1.58	-0.86	0.20
Filing Date Shares Outstanding	385.64	385.64	385.68	385.64	331.19	331.19
Total Common Shares Outstanding	385.64	385.64	385.68	385.64	331.19	331.19
Working Capital	894.73	915.11	791.03	1,032	94.44	262.4
Book Value Per Share	5.03	4.91	4.24	4.25	3.49	3.37
Tangible Book Value	1,857	1,810	1,550	1,553	1,072	1,032
Tangible Book Value Per Share	4.82	4.69	4.02	4.03	3.24	3.12
Buildings	-	502.11	502.11	490.21	226.34	112.09
Machinery	-	1,092	1,067	928.04	435.88	299.1
Construction In Progress	-	221.94	50.68	157.3	812.51	741.67

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