SHA:603950 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	Jan '21 Jan 1, 2021
Cash & Equivalents	518.28	285.82	263.02	591.42	613.9	605.67
Trading Asset Securities	18.66	54.3	64.53	27.41	51.85	41.19
Cash & Short-Term Investments	536.94	340.12	327.55	618.83	665.75	646.86
Cash Growth	1.07%	3.84%	-47.07%	-7.05%	2.92%	173.36%
Accounts Receivable	1,128	1,142	800.86	688.76	594.85	790.72
Other Receivables	59.35	51.54	57.58	50.72	12.86	12.35
Receivables	1,188	1,193	858.44	739.48	607.71	803.06
Inventory	639.9	526.96	425.94	340.32	308.08	233.5
Other Current Assets	144.99	117.53	106	93.38	117.07	131.79
Total Current Assets	2,509	2,178	1,718	1,792	1,699	1,815
Property, Plant & Equipment	2,792	2,564	2,143	1,693	1,710	1,539
Long-Term Investments	58.97	32.91	34.88	34.45	56.86	50.39
Other Intangible Assets	127.79	129.83	133.03	138.46	123.18	126.11
Long-Term Deferred Tax Assets	72.58	75.08	92.94	82.69	57.68	32.99
Long-Term Deferred Charges	8.01	8.7	9.06	7.17	1.9	-
Other Long-Term Assets	210.95	95.26	160.03	92.24	43.36	53.03
Total Assets	5,780	5,083	4,291	3,840	3,691	3,616
Accounts Payable	1,270	1,162	714.19	514.23	495.94	619.81
Accrued Expenses	31.26	38.3	38.88	48.82	45.55	53.1
Short-Term Debt	592.74	200.17	100.11	-	-	-
Current Portion of Long-Term Debt	70.4	56	31	450	100	160.42
Current Portion of Leases	-	0.14	1.67	1.59	1.52	1.48
Current Income Taxes Payable	4.73	1.03	0.11	10.13	16.34	5.16
Current Unearned Revenue	6.88	7.18	4.46	6.06	8.67	3.73
Other Current Liabilities	47.53	40.57	32.55	42.41	54.96	69.41
Total Current Liabilities	2,024	1,505	922.97	1,073	722.97	913.1
Long-Term Debt	479	486	478	80	400	500
Long-Term Leases	5.4	-	0.14	1.81	3.41	4.93
Long-Term Unearned Revenue	318.23	346.64	354.09	367.38	257.75	126.63
Long-Term Deferred Tax Liabilities	1.72	0.04	0.43	-	0.04	0.12
Other Long-Term Liabilities	28.8	35.72	35.72	37.17	39.39	31.39
Total Liabilities	2,857	2,373	1,791	1,560	1,424	1,576
Common Stock	324.13	324.13	324.13	231.52	231.52	231.52
Additional Paid-In Capital	976.27	977.07	977.07	1,070	1,070	1,078
Retained Earnings	1,604	1,400	1,169	950.83	950.79	701.38
Treasury Stock	-8.28	-17.4	-	-	-	-
Comprehensive Income & Other	0.15	0.05	0.69	1.64	0.91	-
Total Common Equity	2,896	2,684	2,471	2,254	2,253	2,011
Minority Interest	26.53	26.27	28.34	26.49	14.1	29.41
Shareholders' Equity	2,923	2,710	2,500	2,280	2,268	2,040
Total Liabilities & Equity	5,780	5,083	4,291	3,840	3,691	3,616
Total Debt	1,148	742.31	610.92	533.41	504.93	666.83
Net Cash (Debt)	-610.6	-402.19	-283.37	85.42	160.82	-19.97
Net Cash Growth	-	-	-	-46.88%	-	-
Net Cash Per Share	-1.96	-1.29	-0.87	0.26	0.50	-0.07
Filing Date Shares Outstanding	324.07	323.13	324.13	324.13	324.13	324.13
Total Common Shares Outstanding	324.07	323.13	324.13	324.13	324.13	324.13
Working Capital	485.32	672.85	794.96	718.78	975.65	902.12
Book Value Per Share	8.94	8.31	7.62	6.95	6.95	6.20
Tangible Book Value	2,769	2,554	2,338	2,115	2,130	1,885
Tangible Book Value Per Share	8.54	7.90	7.21	6.53	6.57	5.81
Buildings	-	332.81	273.05	215.09	204.06	192.07
Machinery	-	3,467	2,841	2,447	2,408	2,018
Construction In Progress	-	431.24	450.79	249.31	115.39	167.92

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