SHA:603931 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	263.94	348.22	775.89	709.79	549.33	692.39
Short-Term Investments	352.58	166.79	-	-	-	-
Trading Asset Securities	300.96	-	-	-	151.05	-
Cash & Short-Term Investments	917.48	515.02	775.89	709.79	700.38	692.39
Cash Growth	133.12%	-33.62%	9.31%	1.34%	1.15%	324.57%
Accounts Receivable	185.06	172.03	211.91	238.45	261.91	170.05
Other Receivables	2.02	0.66	2.04	1.29	1.28	1.2
Receivables	187.08	172.69	213.95	239.74	263.19	171.25
Inventory	50.35	62.69	70.59	61.45	47.94	48.5
Prepaid Expenses	-	-	-	0.03	0	0.05
Other Current Assets	3.74	14.89	19.61	17.24	5.04	3.78
Total Current Assets	1,159	765.28	1,080	1,028	1,017	915.97
Property, Plant & Equipment	452.14	475.61	502.05	422.06	258.49	233.25
Long-Term Investments	-	383.92	-	-	9.48	13.94
Other Intangible Assets	64.39	65.79	68.08	70.01	74.51	76.44
Long-Term Deferred Tax Assets	13.15	13.51	10.22	7.99	4.96	3.89
Long-Term Deferred Charges	5.2	5.73	-	-	-	-
Other Long-Term Assets	67.26	19.87	17.82	25.04	31.78	4.64
Total Assets	1,761	1,730	1,678	1,553	1,396	1,248
Accounts Payable	94.65	74.87	77.88	103.47	124.95	106.8
Accrued Expenses	13.2	19.91	20.72	17.98	16.89	11.83
Current Portion of Leases	1.24	1.2	-	-	0.72	-
Current Income Taxes Payable	9.11	6.71	12.79	4.71	7.34	2.45
Current Unearned Revenue	0.18	0.18	0.15	0.17	0.2	0.54
Other Current Liabilities	0.59	32.56	76.15	66.46	19.66	14.85
Total Current Liabilities	118.97	135.44	187.68	192.79	169.75	136.47
Long-Term Leases	8.96	9.9	-	-	-	-
Long-Term Unearned Revenue	14.59	14.4	15.23	16.06	6.76	6.87
Long-Term Deferred Tax Liabilities	3.85	4.15	2.86	3.23	0.16	-
Total Liabilities	146.37	163.89	205.77	212.07	176.67	143.34
Common Stock	199.56	199.56	199.56	199.56	142.54	101.82
Additional Paid-In Capital	615.35	615.35	615.35	615.35	672.37	713.09
Retained Earnings	757.42	709.03	615.66	490.48	369.85	259.85
Comprehensive Income & Other	41.05	40.84	40.86	34.87	33.34	30.03
Total Common Equity	1,613	1,565	1,471	1,340	1,218	1,105
Minority Interest	1.03	1.03	1.02	1.01	1	-
Shareholders' Equity	1,614	1,566	1,472	1,341	1,219	1,105
Total Liabilities & Equity	1,761	1,730	1,678	1,553	1,396	1,248
Total Debt	10.2	11.11	-	-	0.72	-
Net Cash (Debt)	907.28	503.91	775.89	709.79	699.66	692.39
Net Cash Growth	137.40%	-35.05%	9.31%	1.45%	1.05%	526.46%
Net Cash Per Share	4.49	2.52	3.90	3.56	3.52	4.17
Filing Date Shares Outstanding	199.56	199.56	199.56	199.56	199.56	199.56
Total Common Shares Outstanding	199.56	199.56	199.56	199.56	199.56	199.56
Working Capital	1,040	629.84	892.36	835.46	846.8	779.5
Book Value Per Share	8.08	7.84	7.37	6.72	6.10	5.54
Tangible Book Value	1,549	1,499	1,403	1,270	1,144	1,028
Tangible Book Value Per Share	7.76	7.51	7.03	6.37	5.73	5.15
Buildings	-	176.53	168.46	98.72	98.54	97.38
Machinery	-	503.27	497.62	284.3	259.5	254.33
Construction In Progress	-	60.03	64.29	240.56	81.83	45.18

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