SHA:603291 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	91.99	126.13	182.5	162.36	127.45	159.38
Short-Term Investments	-	5.14	5.04	-	-	-
Trading Asset Securities	56.66	0.9	12.82	1.7	3	-
Accounts Receivable	433.73	431.98	399.1	396.6	312.97	296.86
Other Receivables	8.19	8.22	12.01	27.94	22.68	23.1
Inventory	41.69	29.33	38.01	27.47	23.4	28.35
Prepaid Expenses	-	0.22	0.39	0.67	1.01	1.38
Other Current Assets	98.67	93.54	71.4	69.68	29.89	19.91
Total Current Assets	730.91	695.47	721.27	686.42	520.4	528.98
Property, Plant & Equipment	735.89	763.88	759.1	642.52	645.08	646.14
Other Intangible Assets	2,147	2,110	2,064	2,064	1,993	1,500
Long-Term Investments	44.69	37.82	-	-	-	-
Long-Term Deferred Tax Assets	52.15	46.28	38.91	32.58	25.21	17.6
Long-Term Deferred Charges	11.83	13.56	8.56	5.72	5.19	3.09
Long-Term Accounts Receivable	4.71	46.28	42.56	50.11	12.23	-
Other Long-Term Assets	50.95	2.12	0.26	8.85	5.31	48.78
Total Assets	3,779	3,715	3,635	3,491	3,207	2,745
Accounts Payable	216.75	267.85	310.1	336.12	300.22	239.62
Accrued Expenses	13.08	46.31	43.22	51.07	56.85	58.48
Short-Term Debt	293.23	171.48	115.96	158.11	54.06	70.89
Current Portion of Long-Term Debt	160.08	142.32	144.7	168.95	115.63	134.33
Current Unearned Revenue	66.52	64.72	80.24	75.29	69.63	94.86
Current Portion of Leases	-	7.77	4.15	6.38	5.86	-
Current Income Taxes Payable	28.6	16.06	30.74	27.42	27.9	20.85
Other Current Liabilities	62.7	44.03	40.57	90.43	107.23	117.04
Total Current Liabilities	840.95	760.54	769.68	913.77	737.38	736.07
Long-Term Debt	550.31	545.02	525.9	570.24	559.45	426.83
Long-Term Leases	11.6	17.85	16.71	21.58	78.41	113.09
Long-Term Unearned Revenue	169.1	180.09	187.29	321.11	193.91	174.05
Long-Term Deferred Tax Liabilities	46.72	43.88	43.21	52.05	49.74	9.43
Other Long-Term Liabilities	337.71	341.25	337.24	193.02	310.66	270.36
Total Liabilities	1,956	1,889	1,880	2,072	1,930	1,730
Common Stock	423.22	423.22	423.22	380.9	380.9	380.9
Additional Paid-In Capital	490.22	490.22	490.22	331.59	329.44	328.09
Retained Earnings	858.76	860.98	789.35	659.66	529.93	273.19
Comprehensive Income & Other	0.03	1.93	3.29	2.15	4.17	2.28
Total Common Equity	1,772	1,776	1,706	1,374	1,244	984.46
Minority Interest	49.9	50.26	49.02	44.43	32.69	30.41
Shareholders' Equity	1,822	1,827	1,755	1,419	1,277	1,015
Total Liabilities & Equity	3,779	3,715	3,635	3,491	3,207	2,745
Total Debt	1,015	884.44	807.43	925.26	813.41	745.13
Net Cash (Debt)	-866.58	-752.27	-607.07	-761.2	-682.96	-585.75
Net Cash Per Share	-2.05	-1.78	-1.47	-2.00	-1.79	-1.61
Filing Date Shares Outstanding	423.22	423.22	423.22	380.9	380.9	364.1
Total Common Shares Outstanding	423.22	423.22	423.22	380.9	380.9	364.1
Working Capital	-110.04	-65.07	-48.41	-227.35	-216.98	-207.09
Book Value Per Share	4.19	4.20	4.03	3.61	3.27	2.70
Tangible Book Value	-375.17	-333.48	-358.4	-690.01	-748.83	-515.63
Tangible Book Value Per Share	-0.89	-0.79	-0.85	-1.81	-1.97	-1.42
Buildings	-	434.06	379.49	266.74	317.59	241.41
Machinery	-	323.56	291.92	193.51	240.83	177.86
Construction In Progress	-	5.9	44.16	108.04	84.32	256

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