SHA:603909 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	1,106	1,084	651.32	326.59	284.51	213.38
Cash & Short-Term Investments	1,106	1,084	651.32	326.59	284.51	213.38
Cash Growth	51.59%	66.43%	99.43%	14.79%	33.33%	21.43%
Accounts Receivable	3,821	2,887	1,840	1,023	888.47	850.45
Other Receivables	49.55	23.74	25.23	32.86	30.71	30.66
Receivables	3,871	2,910	1,865	1,056	919.18	881.11
Inventory	160.68	177.2	25.1	16.06	16.42	23.2
Prepaid Expenses	-	0.05	0.05	0.05	0.09	0.12
Other Current Assets	25.75	35.99	31.15	7.72	6.42	4.98
Total Current Assets	5,164	4,207	2,573	1,407	1,227	1,123
Property, Plant & Equipment	91.1	105.84	117.3	117.91	121.8	115.47
Long-Term Investments	5.88	5.54	5.54	4.6	3.6	3.6
Goodwill	118.73	118.73	118.73	118.73	109.99	109.99
Other Intangible Assets	36.42	38.93	39.67	38.35	39.56	25.45
Long-Term Deferred Tax Assets	85.32	81.71	79.21	67.11	59.75	50.62
Long-Term Deferred Charges	7.46	10.89	14.56	15.35	15.32	17.81
Other Long-Term Assets	48.8	47.68	50.48	50.62	53.08	50.38
Total Assets	5,557	4,617	2,998	1,819	1,630	1,496
Accounts Payable	3,745	2,919	1,451	392.64	184.39	159
Accrued Expenses	52.27	109.69	121.69	94.03	75.47	79.64
Short-Term Debt	9.75	-	1.7	84.7	168.62	71.84
Current Portion of Long-Term Debt	-	-	-	-	77	-
Current Portion of Leases	3.29	7.36	6.85	3.74	5.01	-
Current Income Taxes Payable	22.23	15.31	18.54	9.82	9.26	7.04
Current Unearned Revenue	162.45	92.03	84.78	69.68	54.67	48.36
Other Current Liabilities	274.14	245.88	170.79	100.91	77.13	96.89
Total Current Liabilities	4,269	3,390	1,855	755.51	651.56	462.76
Long-Term Debt	-	-	-	-	7.6	136.81
Long-Term Leases	2.7	6.91	12.95	8.92	1.63	-
Long-Term Deferred Tax Liabilities	2.28	2.35	6.91	6.11	3.13	3.24
Other Long-Term Liabilities	2.52	3.17	2.52	2.52	3.19	-
Total Liabilities	4,277	3,402	1,878	773.06	667.1	602.81
Common Stock	260.67	260.67	260.67	200.52	200.52	143.23
Additional Paid-In Capital	129.47	126.47	121.24	177.4	172.12	234.1
Retained Earnings	722.6	677.09	602.34	548.45	500.21	469.23
Comprehensive Income & Other	11.07	10.25	9.41	8.17	7.49	7.01
Total Common Equity	1,124	1,074	993.67	934.54	880.34	853.57
Minority Interest	156.76	140.23	126.93	111.68	82.28	39.73
Shareholders' Equity	1,281	1,215	1,121	1,046	962.62	893.3
Total Liabilities & Equity	5,557	4,617	2,998	1,819	1,630	1,496
Total Debt	15.74	14.26	21.5	97.35	259.86	208.65
Net Cash (Debt)	1,090	1,070	629.82	229.23	24.64	4.73
Net Cash Growth	52.59%	69.84%	174.75%	830.20%	420.47%	-
Net Cash Per Share	4.18	4.10	2.42	0.88	0.09	0.02
Filing Date Shares Outstanding	260.67	260.67	260.67	260.67	260.67	260.67
Total Common Shares Outstanding	260.67	260.67	260.67	260.67	260.67	260.67
Working Capital	894.36	817.82	717.49	651.1	575.07	660.03
Book Value Per Share	4.31	4.12	3.81	3.59	3.38	3.27
Tangible Book Value	968.67	916.83	835.27	777.46	730.79	718.12
Tangible Book Value Per Share	3.72	3.52	3.20	2.98	2.80	2.75
Buildings	-	97.15	98.17	98.17	16.79	100.79
Machinery	-	106.14	104.8	109.65	200.31	105.87

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