SHA:603871 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	1,954	925.46	1,781	949.43	1,169	1,752
Cash & Short-Term Investments	1,954	925.46	1,781	949.43	1,169	1,752
Cash Growth	35.31%	-48.05%	87.63%	-18.76%	-33.31%	39.39%
Accounts Receivable	387.8	470.52	433.85	341.16	258.81	180.23
Other Receivables	104.69	39.8	32.57	54.7	42.04	33.61
Receivables	492.49	510.32	466.42	395.86	300.85	213.84
Inventory	551.57	1,374	889.34	792.66	191.11	58.94
Prepaid Expenses	-	4.75	0.13	9.3	1.32	1.82
Other Current Assets	793.37	665.76	398.36	594.62	759.92	144.53
Total Current Assets	3,791	3,480	3,536	2,742	2,422	2,172
Property, Plant & Equipment	1,154	1,157	730.08	729.98	727.09	621.6
Long-Term Investments	731.52	702.4	36.94	15.91	15.91	15.91
Goodwill	279.07	279.07	208.37	208.37	208.37	208.37
Other Intangible Assets	1,769	1,779	1,738	1,583	1,079	144.71
Long-Term Accounts Receivable	-	1.72	49.66	59.87	73.01	61.59
Long-Term Deferred Tax Assets	10.42	29.11	11.27	13.81	9.53	3.43
Long-Term Deferred Charges	0.25	0.59	0.71	-	5.92	6.95
Other Long-Term Assets	260.4	214.83	157.03	3.24	15.66	167.54
Total Assets	7,997	7,645	6,467	5,356	4,556	3,402
Accounts Payable	449.4	584.2	712.01	615.03	515.45	212.32
Accrued Expenses	25.3	65.92	37.86	38.61	22.9	23.35
Short-Term Debt	43.91	157.92	53.83	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	1.76	1.17
Current Portion of Leases	7.74	6.3	2.18	1.92	1.25	-
Current Income Taxes Payable	120.62	218.07	148.91	74.7	46.26	15.23
Current Unearned Revenue	850.2	671.21	358.5	302.24	289.39	153.89
Other Current Liabilities	463.08	120.92	112.18	66.75	59.17	110.21
Total Current Liabilities	1,960	1,825	1,425	1,099	936.18	516.17
Long-Term Debt	-	-	-	-	667.54	627.59
Long-Term Leases	4.07	3.02	0.92	2.44	0.05	-
Long-Term Unearned Revenue	15.44	15.95	17.13	15.3	15.81	12.44
Long-Term Deferred Tax Liabilities	48.7	29.73	12.09	12.86	9.59	10.1
Other Long-Term Liabilities	43.63	31.03	14.67	-	-	-
Total Liabilities	2,072	1,904	1,470	1,130	1,629	1,166
Common Stock	1,368	977.15	698.84	500.05	316.96	219.52
Additional Paid-In Capital	932.24	1,320	1,624	1,839	1,232	751.99
Retained Earnings	3,380	3,170	2,534	1,744	1,221	1,098
Treasury Stock	-42.38	-57.06	-115.82	-75	-	-
Comprehensive Income & Other	134.04	181.63	134.54	149.44	86.65	95.09
Total Common Equity	5,772	5,592	4,876	4,158	2,857	2,165
Minority Interest	153.18	148.28	121.48	68.95	70.19	70.68
Shareholders' Equity	5,925	5,740	4,997	4,226	2,927	2,235
Total Liabilities & Equity	7,997	7,645	6,467	5,356	4,556	3,402
Total Debt	55.72	167.24	56.93	4.36	670.6	628.76
Net Cash (Debt)	1,898	758.21	1,724	945.06	498.05	1,124
Net Cash Growth	45.63%	-56.03%	82.47%	89.75%	-55.68%	-10.62%
Net Cash Per Share	1.38	0.55	1.26	0.71	0.41	0.99
Filing Date Shares Outstanding	1,361	1,364	1,364	1,362	1,218	1,096
Total Common Shares Outstanding	1,361	1,364	1,364	1,362	1,218	1,096
Working Capital	1,831	1,656	2,110	1,643	1,486	1,655
Book Value Per Share	4.24	4.10	3.58	3.05	2.35	1.97
Tangible Book Value	3,723	3,534	2,930	2,366	1,570	1,812
Tangible Book Value Per Share	2.74	2.59	2.15	1.74	1.29	1.65
Buildings	-	927.9	751.82	731.44	581.66	294.11
Machinery	-	631.33	237.12	237.94	217.63	214.98
Construction In Progress	-	34.72	7.13	-	132.25	285.6

Source: S&P Global Market Intelligence. Standard template. Financial Sources.