SHA:603863 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	22.77	61.95	36.65	11.57	275.8	231.76
Trading Asset Securities	-	-	-	-	-	22.04
Cash & Short-Term Investments	22.77	61.95	36.65	11.57	275.8	253.8
Cash Growth	-51.79%	69.01%	216.81%	-95.80%	8.67%	-56.85%
Accounts Receivable	22.14	25.87	57.55	55.11	89.64	78.93
Other Receivables	15.37	6.3	44.52	0.38	0.28	405.44
Receivables	37.51	32.18	102.07	55.48	89.92	484.37
Inventory	15.79	76.98	80.39	77.09	98.07	30.89
Other Current Assets	12.85	10.22	5.5	8.43	15.58	24.24
Total Current Assets	88.92	181.33	224.61	152.58	479.37	793.3
Property, Plant & Equipment	703.31	750.91	930.87	985.58	1,003	470.43
Long-Term Investments	46.02	54.9	48.51	138.75	100	-
Other Intangible Assets	181.49	185.19	206.07	211.45	185.63	190.04
Long-Term Accounts Receivable	1.34	1.29	1.23	-	-	-
Long-Term Deferred Tax Assets	-	-	-	-	3.46	1.68
Long-Term Deferred Charges	19.22	24.24	27.35	32.56	28.28	4.38
Other Long-Term Assets	102.4	104.56	48.84	62.72	46.56	152.72
Total Assets	1,143	1,302	1,487	1,584	1,846	1,613
Accounts Payable	280.24	145.11	160.58	-	115.42	59.36
Accrued Expenses	2.97	41.08	27.06	54.48	19.1	10.45
Short-Term Debt	265.72	397.42	289.65	157.18	140.17	162.2
Current Portion of Long-Term Debt	23.7	70.48	86.43	54.79	6.93	0.22
Current Portion of Leases	-	12.97	11.6	1.94	1.69	13.36
Current Income Taxes Payable	5.21	1.62	0	-	-	4
Current Unearned Revenue	2.52	21.87	8.5	1.86	4.35	5.55
Other Current Liabilities	56.34	32.01	26.36	129.89	26.1	2.4
Total Current Liabilities	636.7	722.56	610.18	400.14	313.77	257.53
Long-Term Debt	127.4	85.66	178.69	262.32	322.27	168.5
Long-Term Leases	2.28	14.55	24.76	8.13	9.06	-
Long-Term Unearned Revenue	9.44	11.16	13.46	15.76	18.07	11.27
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0
Other Long-Term Liabilities	-	-	-	0.19	-	-
Total Liabilities	775.81	833.93	827.09	686.54	663.16	437.31
Common Stock	204.65	204.65	204.65	204.65	205.89	205.89
Additional Paid-In Capital	607.88	607.88	565.63	565.63	574.44	574.44
Retained Earnings	-433.39	-346.6	-110.98	125.95	403.17	394.3
Treasury Stock	-15.02	-0.5	-	-	-1.19	-
Comprehensive Income & Other	-	-	0.35	0.14	-0.36	-0.13
Total Common Equity	364.12	465.43	659.65	896.37	1,182	1,175
Minority Interest	2.76	3.06	0.74	0.73	0.71	0.72
Shareholders' Equity	366.88	468.49	660.39	897.1	1,183	1,175
Total Liabilities & Equity	1,143	1,302	1,487	1,584	1,846	1,613
Total Debt	419.1	581.08	591.12	484.36	480.13	344.28
Net Cash (Debt)	-396.33	-519.14	-554.46	-472.79	-204.33	-90.48
Net Cash Per Share	-1.92	-2.53	-2.71	-2.30	-0.92	-0.44
Filing Date Shares Outstanding	204.15	204.62	204.65	204.65	205.89	205.89
Total Common Shares Outstanding	204.15	204.62	204.65	204.65	205.89	205.89
Working Capital	-547.78	-541.24	-385.57	-247.56	165.6	535.77
Book Value Per Share	1.78	2.27	3.22	4.38	5.74	5.70
Tangible Book Value	182.63	280.24	453.58	684.92	996.32	984.46
Tangible Book Value Per Share	0.89	1.37	2.22	3.35	4.84	4.78
Buildings	-	303.39	360.06	346.19	287.1	62.69
Machinery	-	669.59	725.22	738.37	658.56	232.35
Construction In Progress	-	22.67	85.83	75.19	171.16	292.15

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