SHA:603105 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	491.48	388.48	684.84	253.34	113.18	68.56
Trading Asset Securities	-	-	-	-	6.71	1.31
Cash & Short-Term Investments	491.48	388.48	684.84	253.34	119.89	69.87
Cash Growth	13.79%	-43.27%	170.32%	111.32%	71.58%	-59.81%
Accounts Receivable	349.59	282.68	190.76	80.24	62.41	113.87
Other Receivables	16.1	4.34	5.43	3.29	5.78	9.29
Receivables	365.68	287.03	196.2	83.53	68.19	123.16
Inventory	17.14	11.22	30.94	14.84	35.47	50.74
Other Current Assets	30.83	33.5	38.61	56.45	186.53	201.15
Total Current Assets	905.13	720.23	950.58	408.16	410.08	444.94
Property, Plant & Equipment	3,649	3,494	3,305	3,015	2,638	2,267
Long-Term Investments	18.56	14.34	11.71	10	-	10
Other Intangible Assets	40.64	40.65	41.59	36.07	36.6	14.18
Long-Term Deferred Tax Assets	21.74	21.49	18.63	14.47	13.46	17.59
Long-Term Deferred Charges	0.23	0.63	1.29	2.17	9.86	29.71
Other Long-Term Assets	7.99	5.76	21.98	25.13	31.24	13.27
Total Assets	4,643	4,297	4,351	3,511	3,140	2,797
Accounts Payable	163.98	64.65	111.67	231.95	174.6	146.1
Accrued Expenses	19.11	27.24	25.78	21.09	15.89	12.36
Short-Term Debt	290.19	190	160.32	30.03	92.39	54.34
Current Portion of Long-Term Debt	196.78	190	187.44	196.67	208.1	207.47
Current Portion of Leases	-	3.14	4.35	7.18	7.32	-
Current Income Taxes Payable	79.25	51.04	19.66	9.56	5.79	8.33
Current Unearned Revenue	5.52	5.4	12.82	1.44	1	5.6
Other Current Liabilities	2.58	54.01	82.89	64.76	26.66	1.97
Total Current Liabilities	757.41	585.49	604.92	562.69	531.76	436.17
Long-Term Debt	1,501	1,410	1,571	1,079	892	807.51
Long-Term Leases	86.94	85.75	83.46	80.64	84.36	-
Long-Term Unearned Revenue	15.19	16.5	12.53	14.66	17.46	15.08
Long-Term Deferred Tax Liabilities	-	-	0.03	0.01	-	0.12
Other Long-Term Liabilities	7.2	9.46	7.21	6.82	5.39	5.74
Total Liabilities	2,367	2,107	2,279	1,744	1,531	1,265
Common Stock	500.01	500.01	500	500	500	500
Additional Paid-In Capital	715.44	715.43	715.35	715.35	715.35	715.35
Retained Earnings	916.71	830.57	711.98	551.83	393.34	316.93
Comprehensive Income & Other	143.89	143.9	143.91	-	-	-
Total Common Equity	2,276	2,190	2,071	1,767	1,609	1,532
Shareholders' Equity	2,276	2,190	2,071	1,767	1,609	1,532
Total Liabilities & Equity	4,643	4,297	4,351	3,511	3,140	2,797
Total Debt	2,074	1,879	2,007	1,394	1,284	1,069
Net Cash (Debt)	-1,583	-1,491	-1,322	-1,141	-1,164	-999.44
Net Cash Per Share	-3.19	-3.00	-2.64	-2.26	-2.33	-1.98
Filing Date Shares Outstanding	500.01	500.01	500	500	500	500
Total Common Shares Outstanding	500.01	500.01	500	500	500	500
Working Capital	147.72	134.74	345.66	-154.53	-121.67	8.77
Book Value Per Share	4.55	4.38	4.14	3.53	3.22	3.06
Tangible Book Value	2,235	2,149	2,030	1,731	1,572	1,518
Tangible Book Value Per Share	4.47	4.30	4.06	3.46	3.14	3.04
Buildings	-	149.46	62.75	49.54	49.65	57.9
Machinery	-	4,063	3,797	3,430	3,084	2,824
Construction In Progress	-	333.4	314.2	227.57	121.73	2.55

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