SHA:603685 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	2015 - 2019
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	2015 - 2019
Cash & Equivalents	245.44	184.71	322.15	333.22	393.21	238.68	Upgrade
Short-Term Investments	-	-	-	50	-	-	Upgrade
Trading Asset Securities	7.39	7.39	0.91	-	129.07	9.65	Upgrade
Cash & Short-Term Investments	252.83	192.1	323.07	383.22	522.28	248.32	Upgrade
Cash Growth	-0.81%	-40.54%	-15.70%	-26.63%	110.32%	-35.36%	Upgrade
Accounts Receivable	319.75	414.6	440.45	348.25	470.12	376.87	Upgrade
Other Receivables	11.1	10.06	36.92	4.76	5.68	25.11	Upgrade
Receivables	330.86	424.67	477.37	353	475.8	401.98	Upgrade
Inventory	220.47	293.5	266.17	277.63	394.25	258.22	Upgrade
Prepaid Expenses	-	0.76	0.46	1	3.02	0.24	Upgrade
Other Current Assets	97.17	97.71	80.78	26.74	50.06	109.65	Upgrade
Total Current Assets	901.32	1,009	1,148	1,042	1,445	1,018	Upgrade
Property, Plant & Equipment	2,162	2,198	1,843	878.82	697.26	537.13	Upgrade
Long-Term Investments	108.04	109.27	101.18	101.18	101.18	-	Upgrade
Goodwill	2.75	2.75	7.11	10.61	46.84	65.02	Upgrade
Other Intangible Assets	243.23	260.01	266.59	135.02	138.94	130.46	Upgrade
Long-Term Deferred Tax Assets	28.55	27.08	14.07	16.48	8.34	7.35	Upgrade
Long-Term Deferred Charges	6.78	1.91	4.15	8.07	10.95	10.01	Upgrade
Other Long-Term Assets	9.11	8.53	8.86	4.4	37.25	4.93	Upgrade
Total Assets	3,462	3,616	3,393	2,196	2,486	1,773	Upgrade
Accounts Payable	536.86	136.16	108.59	118.54	188.93	195.24	Upgrade
Accrued Expenses	10.08	27.08	29.02	24.04	29.63	34.05	Upgrade
Short-Term Debt	189.38	319.79	446.85	423.69	551.83	296.3	Upgrade
Current Portion of Long-Term Debt	444.78	113.2	1.04	-	29.18	-	Upgrade
Current Portion of Leases	-	0.48	21.25	2.45	1.79	-	Upgrade
Current Income Taxes Payable	5.16	3.83	8.37	9.47	0.06	4.55	Upgrade
Current Unearned Revenue	2.26	2.66	2.79	2.19	2.38	3.56	Upgrade
Other Current Liabilities	4.14	442.51	231.01	47.84	54.57	59.85	Upgrade
Total Current Liabilities	1,193	1,046	848.91	628.21	858.38	593.54	Upgrade
Long-Term Debt	930.29	1,348	979.91	399.71	381.98	44.5	Upgrade
Long-Term Leases	1.88	3.29	316.67	9.96	9.72	-	Upgrade
Long-Term Unearned Revenue	16.01	19.92	20.09	20.69	19.06	7.23	Upgrade
Long-Term Deferred Tax Liabilities	26.94	26.97	27.03	-	4.36	1.45	Upgrade
Other Long-Term Liabilities	-	-	-	15.92	-	16.43	Upgrade
Total Liabilities	2,168	2,444	2,193	1,074	1,274	663.15	Upgrade
Common Stock	177.39	169.01	169.01	169	169	169	Upgrade
Additional Paid-In Capital	612.53	493.63	493.61	505.18	505.15	505.15	Upgrade
Retained Earnings	502.36	482.28	498.91	415.05	475.65	408.92	Upgrade
Comprehensive Income & Other	-20.96	5.84	13.57	6.45	17.92	-9.44	Upgrade
Total Common Equity	1,271	1,151	1,175	1,096	1,168	1,074	Upgrade
Minority Interest	22.9	21.98	25.22	26	44.94	36.55	Upgrade
Shareholders' Equity	1,294	1,173	1,200	1,122	1,213	1,110	Upgrade
Total Liabilities & Equity	3,462	3,616	3,393	2,196	2,486	1,773	Upgrade
Total Debt	1,566	1,784	1,766	835.81	974.5	340.79	Upgrade
Net Cash (Debt)	-1,313	-1,592	-1,443	-452.59	-452.23	-92.47	Upgrade
Net Cash Per Share	-7.39	-10.05	-8.60	-2.69	-2.65	-0.55	Upgrade
Filing Date Shares Outstanding	177.39	169.01	169.01	169	169	169	Upgrade
Total Common Shares Outstanding	177.39	169.01	169.01	169	169	169	Upgrade
Working Capital	-291.32	-36.97	298.93	413.38	587.02	424.88	Upgrade
Book Value Per Share	7.17	6.81	6.95	6.48	6.91	6.35	Upgrade
Tangible Book Value	1,025	888	901.4	950.05	981.93	878.15	Upgrade
Tangible Book Value Per Share	5.78	5.25	5.33	5.62	5.81	5.20	Upgrade
Buildings	-	673.79	656.93	332.53	237.72	224.78	Upgrade
Machinery	-	1,706	1,402	646.01	561.79	442.13	Upgrade
Construction In Progress	-	340.11	189.9	208.64	149.22	74.14	Upgrade

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