SHA:603444 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	3,946	2,253	2,397	2,629	2,903	2,144
Short-Term Investments	-	359.54	-	10	30.06	20.03
Trading Asset Securities	921.44	1,435	1,126	629.61	1,045	678.04
Cash & Short-Term Investments	4,868	4,048	3,523	3,268	3,978	2,842
Cash Growth	45.72%	14.91%	7.78%	-17.85%	39.99%	36.53%
Accounts Receivable	347.01	170.94	238.76	264.7	294.2	195.48
Other Receivables	9.54	34.27	5.6	8.02	31.73	101.95
Receivables	356.55	211.74	255.89	283.22	325.93	297.43
Other Current Assets	320.56	29.11	33.17	27.41	50.36	117.26
Total Current Assets	5,545	4,289	3,812	3,579	4,354	3,256
Property, Plant & Equipment	484.5	549.12	634.39	646.74	723.07	866.01
Long-Term Investments	1,781	1,740	1,785	1,844	1,694	1,017
Goodwill	3.81	3.81	3.81	3.81	3.81	3.81
Other Intangible Assets	69.57	69.91	69.77	72.14	2.28	7.32
Long-Term Deferred Tax Assets	115.37	97.14	83.26	97.19	114.19	70.07
Long-Term Deferred Charges	2.14	6.86	20.05	5.68	6.91	24.81
Other Long-Term Assets	197.78	159.37	216.8	225.66	204.76	142.5
Total Assets	8,206	6,924	6,637	6,490	7,103	5,388
Accounts Payable	211.93	13.02	22.79	13.04	7.8	6.91
Accrued Expenses	471.71	505.43	570.35	669.37	598.58	350.14
Current Portion of Leases	11.63	11.73	10.8	4.15	1.81	-
Current Income Taxes Payable	334.72	103.63	152.43	217.01	357.26	137.25
Current Unearned Revenue	573.73	464.79	417.45	509.73	584.85	278.56
Other Current Liabilities	64.51	126.52	129.01	277.33	275.8	199.03
Total Current Liabilities	1,668	1,225	1,303	1,691	1,826	971.89
Long-Term Debt	-	-	-	-	-	6.95
Long-Term Leases	19.76	19.88	28.13	3.61	2.11	-
Long-Term Unearned Revenue	0.1	0.09	0.16	0.68	1.28	0.39
Long-Term Deferred Tax Liabilities	16.55	0.9	0.71	3.46	0.66	30.6
Other Long-Term Liabilities	97.24	44.08	57.34	82.54	213.51	130.14
Total Liabilities	1,802	1,290	1,389	1,781	2,044	1,140
Common Stock	72.04	72.04	72.04	71.87	71.86	71.86
Additional Paid-In Capital	1,398	1,398	1,401	1,334	1,314	1,137
Retained Earnings	3,885	3,396	2,918	2,513	3,208	2,602
Treasury Stock	-52.17	-52.17	-	-	-	-
Comprehensive Income & Other	77.37	87.94	73.38	59.71	-14.05	-8.06
Total Common Equity	5,381	4,902	4,464	3,979	4,580	3,803
Minority Interest	1,023	731.39	783.77	730.77	479.48	444.73
Shareholders' Equity	6,404	5,633	5,248	4,710	5,060	4,248
Total Liabilities & Equity	8,206	6,924	6,637	6,490	7,103	5,388
Total Debt	31.39	31.62	38.93	7.76	3.92	6.95
Net Cash (Debt)	4,836	4,016	3,484	3,260	3,974	2,835
Net Cash Growth	46.26%	15.29%	6.85%	-17.96%	40.19%	40.46%
Net Cash Per Share	67.39	55.89	48.40	45.37	55.29	39.50
Filing Date Shares Outstanding	72.1	71.76	72.04	71.87	71.86	71.86
Total Common Shares Outstanding	72.1	71.76	72.04	71.87	71.86	71.86
Working Capital	3,877	3,064	2,509	1,888	2,528	2,285
Book Value Per Share	74.63	68.32	61.96	55.36	63.73	52.92
Tangible Book Value	5,308	4,828	4,390	3,903	4,574	3,792
Tangible Book Value Per Share	73.61	67.29	60.94	54.31	63.65	52.76
Buildings	-	723.87	776.35	782.28	819.86	933.43
Machinery	-	67.03	60.9	50.67	46.28	41.53
Construction In Progress	-	13.43	1.66	-	-	-

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