SHA:603538 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	570.06	585.43	456.04	791.94	421.79	236.52
Short-Term Investments	-	-	-	-	-	50.38
Trading Asset Securities	127.52	154.44	268.65	217.38	371.38	133.14
Cash & Short-Term Investments	697.58	739.87	724.69	1,009	793.16	420.05
Cash Growth	-11.24%	2.09%	-28.20%	27.25%	88.83%	-11.17%
Accounts Receivable	330.51	331.32	320.73	187.59	222.73	165.03
Other Receivables	24	52.82	60.45	28.45	16.53	66.18
Receivables	354.51	384.14	381.19	216.04	239.26	231.21
Inventory	915.67	773.76	612.6	594.42	579.69	454.71
Prepaid Expenses	-	0.18	-	-	-	-
Other Current Assets	106.44	73.5	40.9	74.61	90.29	79.86
Total Current Assets	2,074	1,971	1,759	1,894	1,702	1,186
Property, Plant & Equipment	1,872	1,888	1,900	1,802	1,615	1,163
Long-Term Investments	338.74	327.4	315.32	300.11	319.59	408.57
Goodwill	-	-	-	-	22.74	22.74
Other Intangible Assets	201.05	203.4	166.23	142.73	181.92	201.93
Long-Term Deferred Tax Assets	35.22	41.16	42.67	123.18	33.27	48.67
Long-Term Deferred Charges	49.33	44.11	55.24	50.16	41.09	33.17
Other Long-Term Assets	177.12	175.59	184.34	107.01	85.81	62.02
Total Assets	4,748	4,651	4,424	4,419	4,001	3,126
Accounts Payable	632.93	508.18	390.99	345.45	220.92	372.06
Accrued Expenses	38.64	61.15	61.71	55.98	50.62	45.35
Short-Term Debt	545.18	479.06	486.72	465.28	425.87	644.87
Current Portion of Long-Term Debt	151.4	195.54	53.83	28.44	75.65	46.76
Current Portion of Leases	-	2.97	2.26	3.29	3.52	-
Current Income Taxes Payable	19.03	0.09	5.36	56.92	25.83	0.8
Current Unearned Revenue	160.26	148.88	153.09	194.92	81.06	19.76
Other Current Liabilities	69.6	190.11	224.31	211.94	263.36	25.73
Total Current Liabilities	1,617	1,586	1,378	1,362	1,147	1,155
Long-Term Debt	584.74	651.62	743.96	675.25	727.31	108.51
Long-Term Leases	11.08	12.35	15.69	30.34	28.03	-
Long-Term Unearned Revenue	90.31	83.18	81.48	70.57	48.67	27.16
Long-Term Deferred Tax Liabilities	21.01	21.82	13.59	103.12	67.31	54.88
Other Long-Term Liabilities	4.85	4.85	4.85	4.85	4.85	4.85
Total Liabilities	2,329	2,360	2,238	2,246	2,023	1,351
Common Stock	220.62	218.75	213.41	213.38	151.32	149.61
Additional Paid-In Capital	673.19	632.47	583.45	561.87	587.21	604.37
Retained Earnings	1,394	1,309	1,247	1,271	962.13	819.6
Treasury Stock	-52.51	-45.67	-23.08	-31.99	-27.97	-13.12
Comprehensive Income & Other	79.22	77.89	75.59	71.12	78.8	4.23
Total Common Equity	2,315	2,193	2,096	2,085	1,751	1,565
Minority Interest	104.38	98.7	89.43	88.25	227.02	210.76
Shareholders' Equity	2,419	2,291	2,186	2,173	1,979	1,775
Total Liabilities & Equity	4,748	4,651	4,424	4,419	4,001	3,126
Total Debt	1,292	1,342	1,302	1,203	1,260	800.14
Net Cash (Debt)	-594.82	-601.66	-577.77	-193.29	-467.21	-380.09
Net Cash Per Share	-2.71	-2.79	-2.49	-0.85	-2.20	-1.85
Filing Date Shares Outstanding	220.62	218.75	213.41	213.38	211.39	209.01
Total Common Shares Outstanding	220.62	218.75	213.41	213.38	211.39	209.01
Working Capital	457.16	385.49	381.11	532.16	555.58	30.5
Book Value Per Share	10.49	10.02	9.82	9.77	8.29	7.49
Tangible Book Value	2,114	1,989	1,930	1,942	1,547	1,340
Tangible Book Value Per Share	9.58	9.09	9.04	9.10	7.32	6.41
Buildings	-	872.69	697.36	593.92	513.49	478.89
Machinery	-	1,230	1,087	1,054	817.08	807.1
Construction In Progress	-	358.36	576.39	502.88	733.82	300.05

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