SHA:603178 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	189.42	158.92	149.17	194.13	221.32	90.49
Short-Term Investments	-	-	104.17	-	-	-
Trading Asset Securities	10	70	60	80	50	-
Cash & Short-Term Investments	199.42	228.92	313.34	274.13	271.32	90.49
Cash Growth	-32.47%	-26.94%	14.30%	1.03%	199.83%	-58.29%
Accounts Receivable	493.63	509.76	395.15	384.02	442.53	372.1
Other Receivables	1.96	1.31	1.57	0.98	0.66	29.88
Receivables	495.59	511.07	396.72	385	443.19	401.98
Inventory	245.75	273.9	217.9	224.42	200.51	203.88
Prepaid Expenses	-	-	-	-	-	0.07
Other Current Assets	20.64	26.23	56.25	23.79	12.54	17.02
Total Current Assets	961.4	1,040	984.21	907.35	927.57	713.44
Property, Plant & Equipment	850.2	879.69	843.4	842.41	853.44	861.17
Long-Term Investments	238.51	288.45	165.63	158.52	127.79	127.22
Other Intangible Assets	96.94	99.03	102.98	107.32	114.34	127.32
Long-Term Deferred Tax Assets	4.72	5.31	9.42	12.77	3.28	0.83
Long-Term Deferred Charges	50.51	45.04	43.14	43.08	39.94	35.96
Other Long-Term Assets	56.78	1.54	-	0.88	2.22	2.36
Total Assets	2,259	2,359	2,149	2,072	2,069	1,868
Accounts Payable	635.22	638.92	515.37	515.97	530.03	479.15
Accrued Expenses	22.7	30.78	30.13	37.77	39.75	35.61
Short-Term Debt	142.08	152.04	198.14	164.94	179.12	439.63
Current Portion of Long-Term Debt	105.15	60.1	2.89	0.34	1.72	14.48
Current Portion of Leases	-	3.21	2.6	2.28	0.3	-
Current Income Taxes Payable	5.99	-	-	-	-	0.19
Current Unearned Revenue	3.08	2.88	0.78	0.33	0.7	1.53
Other Current Liabilities	18.91	17.19	12.79	1.19	3.12	28.28
Total Current Liabilities	933.13	905.12	762.7	722.81	754.74	998.87
Long-Term Debt	39.96	88.02	26.03	9.82	21.14	114.12
Long-Term Leases	6.59	9.33	2.71	4.84	5.61	-
Long-Term Unearned Revenue	60.1	54.65	61.58	61.93	67.76	59.93
Long-Term Deferred Tax Liabilities	3.32	3.95	11.3	14.94	18.95	18.36
Other Long-Term Liabilities	1.43	1.08	-	-	2.05	3.36
Total Liabilities	1,045	1,062	864.32	814.33	870.26	1,195
Common Stock	236.41	236.41	236.41	236.41	236.41	201.14
Additional Paid-In Capital	724.48	724.48	724.48	722.83	722.83	321.04
Retained Earnings	250.71	333.12	319.88	294.89	237.65	151.72
Treasury Stock	-	-	-	-	-	-1.92
Comprehensive Income & Other	2.93	3.02	3.69	3.87	1.43	1.66
Total Common Equity	1,215	1,297	1,284	1,258	1,198	673.65
Shareholders' Equity	1,215	1,297	1,284	1,258	1,198	673.65
Total Liabilities & Equity	2,259	2,359	2,149	2,072	2,069	1,868
Total Debt	293.78	312.71	232.37	182.22	207.9	568.23
Net Cash (Debt)	-94.36	-83.79	80.97	91.91	63.42	-477.74
Net Cash Growth	-	-	-11.90%	44.92%	-	-
Net Cash Per Share	-0.40	-0.37	0.35	0.39	0.31	-2.41
Filing Date Shares Outstanding	236.41	236.41	236.41	236.41	236.41	201.14
Total Common Shares Outstanding	236.41	236.41	236.41	236.41	236.41	201.14
Working Capital	28.27	134.99	221.51	184.54	172.83	-285.43
Book Value Per Share	5.14	5.49	5.43	5.32	5.07	3.35
Tangible Book Value	1,118	1,198	1,181	1,151	1,084	546.33
Tangible Book Value Per Share	4.73	5.07	5.00	4.87	4.59	2.72
Land	-	2.13	2.1	0.8	0.65	0.66
Buildings	-	319.46	288.16	243.81	232.71	153.83
Machinery	-	1,055	1,057	1,049	1,041	983.11
Construction In Progress	-	196.55	158.02	157.45	93.42	191.92

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.