SHA:603665 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	187.34	214.42	347.84	811.46	166.8	306.23
Trading Asset Securities	-	2.64	-	-	-	60.16
Cash & Short-Term Investments	187.34	217.06	347.84	811.46	166.8	366.39
Cash Growth	5.89%	-37.60%	-57.13%	386.48%	-54.47%	57.87%
Accounts Receivable	218.81	230.35	170.71	142.71	119.67	121.14
Other Receivables	22.33	9.33	23.12	27.72	14.5	8.36
Receivables	241.14	239.68	193.83	170.43	134.17	129.49
Inventory	373.27	522.49	445.8	663.17	511.07	348.8
Prepaid Expenses	-	4.92	3.95	1.49	0.04	-
Other Current Assets	90.09	100.43	69.69	57.02	77.2	449.96
Total Current Assets	891.83	1,085	1,061	1,704	889.28	1,295
Property, Plant & Equipment	1,445	1,585	1,704	1,552	956.7	520.27
Long-Term Investments	48.58	89.67	95	97.8	179.54	2.8
Goodwill	-	33.65	343.88	428.41	51.28	93.48
Other Intangible Assets	150.37	165.52	169.38	174.24	122.06	112.02
Long-Term Deferred Tax Assets	32.24	49.57	37.1	52.99	16.2	11.72
Long-Term Deferred Charges	15.13	16.49	14.88	10.25	11.66	11.56
Other Long-Term Assets	9.5	11.76	87.89	95.65	44.76	152.34
Total Assets	2,593	3,037	3,513	4,115	2,271	2,199
Accounts Payable	445.33	637.99	450.58	438.53	270.44	174.25
Accrued Expenses	26.65	77.24	100.92	99.6	49.3	40.68
Short-Term Debt	982.43	1,001	992.72	1,075	557.56	438.82
Current Portion of Long-Term Debt	59.71	115.7	179.49	95.75	184.29	-
Current Portion of Leases	-	0.1	40.73	85.49	16.4	-
Current Income Taxes Payable	26.53	16.82	16.07	58.8	9.23	7.5
Current Unearned Revenue	5.62	8.79	1.35	4.68	92.84	39.49
Other Current Liabilities	20.07	143.31	134.63	284.72	246.61	127.81
Total Current Liabilities	1,566	2,001	1,916	2,143	1,427	828.55
Long-Term Debt	160.02	203.72	259.71	287.74	37.11	246.48
Long-Term Leases	54.05	34.12	4.3	30.19	16.8	-
Long-Term Unearned Revenue	9.29	9.87	4.2	4.85	6.61	5.39
Long-Term Deferred Tax Liabilities	5.24	5.75	8.57	7.77	-	-
Other Long-Term Liabilities	9.22	33.72	3	0.6	-	-
Total Liabilities	1,804	2,288	2,196	2,474	1,487	1,080
Common Stock	161.11	162.06	163.84	163.84	160.68	158.24
Additional Paid-In Capital	916.65	938.1	1,010	997.58	726.13	687.99
Retained Earnings	-254.93	-387.86	97.67	317.95	108.9	263.18
Treasury Stock	-50.41	-72.81	-110.41	-110.35	-35.97	-
Comprehensive Income & Other	-60.52	-25.33	4.32	-3.89	-20.91	-11.6
Total Common Equity	711.89	614.16	1,165	1,365	938.84	1,098
Minority Interest	76.64	134.67	151.9	276.21	-154.56	20.59
Shareholders' Equity	788.54	748.82	1,317	1,641	784.28	1,118
Total Liabilities & Equity	2,593	3,037	3,513	4,115	2,271	2,199
Total Debt	1,256	1,354	1,477	1,574	812.15	685.3
Net Cash (Debt)	-1,069	-1,137	-1,129	-762.97	-645.35	-318.91
Net Cash Per Share	-6.69	-7.05	-7.12	-4.82	-4.10	-2.16
Filing Date Shares Outstanding	161.39	153.06	163.32	161.46	158.31	158.24
Total Common Shares Outstanding	161.39	153.06	163.32	161.46	158.31	158.24
Working Capital	-674.5	-915.99	-855.36	-439.26	-537.39	466.1
Book Value Per Share	4.41	4.01	7.13	8.45	5.93	6.94
Tangible Book Value	561.52	414.98	651.78	762.46	765.5	892.32
Tangible Book Value Per Share	3.48	2.71	3.99	4.72	4.84	5.64
Buildings	-	731.08	736.64	570.7	292.46	320.58
Machinery	-	1,138	1,128	560.68	340.14	272.64
Construction In Progress	-	202.13	186.85	686.1	535.43	109.84

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