SHA:603132 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	494.22	560.93	720.09	415.28	271.44	283.09
Cash & Short-Term Investments	494.22	560.93	720.09	415.28	271.44	283.09
Cash Growth	-38.37%	-22.10%	73.40%	52.99%	-4.12%	7.72%
Accounts Receivable	57.01	30.54	0.78	56.43	-	21.12
Other Receivables	29.24	11.48	0.22	0.46	0.33	0.77
Receivables	86.25	42.02	1	56.89	0.33	21.89
Inventory	32.06	24.76	32.5	52.61	43.4	29.84
Other Current Assets	81.29	41.75	19.36	3.73	6	9.45
Total Current Assets	693.82	669.47	772.96	528.52	321.17	344.27
Property, Plant & Equipment	5,131	4,373	3,833	3,449	3,389	3,416
Goodwill	169.97	169.97	169.97	37.76	5.66	5.66
Other Intangible Assets	1,483	921.7	784.75	1,022	929.06	944.68
Long-Term Deferred Tax Assets	18.71	24	16.21	4.48	1.18	4.47
Long-Term Deferred Charges	8.21	1.39	3.38	3.01	0.23	0.72
Other Long-Term Assets	223.67	314.48	58.01	0.43	1.03	4.1
Total Assets	7,728	6,474	5,639	5,045	4,647	4,720
Accounts Payable	132.64	8.19	18.79	10.39	3.6	23.57
Accrued Expenses	37.57	63.9	69.34	48.39	48.95	40.91
Short-Term Debt	1,561	1,389	890.96	520.68	811.46	1,542
Current Portion of Long-Term Debt	524.69	279.29	798.68	42.07	448.83	507.08
Current Portion of Leases	-	5.58	2.14	2.01	-	-
Current Income Taxes Payable	37.18	35.11	26.23	26.48	15.38	15.06
Current Unearned Revenue	1.03	6.41	11.13	1.04	10.82	-
Other Current Liabilities	64.1	89.7	231.84	23.75	15.72	6.27
Total Current Liabilities	2,358	1,877	2,049	674.81	1,355	2,135
Long-Term Debt	2,034	1,111	212.93	738.05	639.98	408.76
Long-Term Leases	2.9	2.77	4.97	8.82	-	-
Long-Term Unearned Revenue	72.54	74.71	15.81	16.35	5.07	0.85
Long-Term Deferred Tax Liabilities	42.45	47.94	53.74	32.46	-	-
Other Long-Term Liabilities	81.64	99.16	118.03	411.77	407.69	398.54
Total Liabilities	4,591	3,213	2,455	1,882	2,407	2,944
Common Stock	978	978	978	978	880	880
Additional Paid-In Capital	1,679	1,693	1,693	1,700	841.61	841.61
Retained Earnings	496.39	589.06	513.07	463.49	517.75	54.86
Comprehensive Income & Other	1.12	1.17	0.46	-	0.02	0.05
Total Common Equity	3,154	3,261	3,184	3,141	2,239	1,777
Minority Interest	-17.33	-	-	21.83	-	-
Shareholders' Equity	3,137	3,261	3,184	3,163	2,239	1,777
Total Liabilities & Equity	7,728	6,474	5,639	5,045	4,647	4,720
Total Debt	4,122	2,788	1,910	1,312	1,900	2,458
Net Cash (Debt)	-3,628	-2,227	-1,190	-896.35	-1,629	-2,175
Net Cash Per Share	-3.72	-2.29	-1.21	-0.93	-1.86	-2.46
Filing Date Shares Outstanding	978	978	978	978	880	880
Total Common Shares Outstanding	978	978	978	978	880	880
Working Capital	-1,664	-1,208	-1,276	-146.29	-1,034	-1,791
Book Value Per Share	3.22	3.33	3.26	3.21	2.54	2.02
Tangible Book Value	1,501	2,169	2,229	2,082	1,305	826.2
Tangible Book Value Per Share	1.54	2.22	2.28	2.13	1.48	0.94
Buildings	-	2,158	2,134	1,989	1,971	1,943
Machinery	-	634.03	576.95	543.07	521.85	490.01
Construction In Progress	-	732.16	149.44	3.76	7.25	0.42

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