SHA:603959 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	89.56	244.31	523.12	856.54	402.24	320.3
Trading Asset Securities	-	-	-	3.74	-	-
Cash & Short-Term Investments	89.56	244.31	523.12	860.27	402.24	320.3
Cash Growth	-47.47%	-53.30%	-39.19%	113.87%	25.58%	-42.57%
Accounts Receivable	1,216	1,300	1,560	1,821	1,488	1,381
Other Receivables	71.66	41.57	228.92	31.98	34.51	19.2
Receivables	1,287	1,341	1,789	1,853	1,523	1,400
Inventory	443.05	398.34	795.94	520.58	246.02	224.22
Prepaid Expenses	-	3.01	2.66	-	-	-
Other Current Assets	52.89	169.2	136.94	188.32	200.17	39.8
Total Current Assets	1,873	2,156	3,248	3,422	2,371	1,985
Property, Plant & Equipment	147.78	155.65	182.2	172.43	102.29	134.4
Long-Term Investments	191.2	223.57	235.72	322.47	310.35	267.07
Goodwill	19.13	19.13	137.2	165.54	155.27	155.27
Other Intangible Assets	67.56	72.97	81.75	87.2	119.27	81.82
Long-Term Deferred Tax Assets	177.94	174.81	141.28	139.37	116.17	118.04
Long-Term Deferred Charges	0.34	0.77	2.66	2.31	1.32	1.36
Other Long-Term Assets	13.52	14.76	16.42	18.08	19.74	38.9
Total Assets	2,490	2,818	4,045	4,330	3,196	2,781
Accounts Payable	1,256	1,439	2,118	2,301	1,044	1,040
Accrued Expenses	30.94	93.61	105.94	130.61	58.09	44.29
Short-Term Debt	568.19	576.09	646.08	547.69	567.2	729.85
Current Portion of Long-Term Debt	-	-	0.12	-	-	-
Current Portion of Leases	7.03	5.02	8.68	10.49	5.24	-
Current Income Taxes Payable	30.76	1.35	3.89	4.69	-	7.13
Current Unearned Revenue	355.66	402.06	488.4	496.62	746.18	111.87
Other Current Liabilities	172.73	106.39	48.12	86.97	94.19	203.4
Total Current Liabilities	2,421	2,623	3,419	3,578	2,515	2,136
Long-Term Debt	-	-	0.16	-	-	-
Long-Term Leases	3.18	1.38	6.82	10.77	2	-
Long-Term Deferred Tax Liabilities	1.3	2.47	2.21	4.4	1.49	2.91
Other Long-Term Liabilities	18.93	32.63	17.98	19.14	-	4.33
Total Liabilities	2,444	2,660	3,446	3,612	2,519	2,143
Common Stock	490.3	490.3	490.3	490.3	490.3	490.3
Additional Paid-In Capital	282.03	282.03	282.07	282.48	281.97	281.69
Retained Earnings	-751.15	-635.75	-234.3	-116.33	-124.92	-154.14
Comprehensive Income & Other	2.58	2.6	1.85	2.9	2.14	2.42
Total Common Equity	23.75	139.18	539.92	659.35	649.49	620.27
Minority Interest	22.12	18.76	59.06	57.81	27.4	17.82
Shareholders' Equity	45.87	157.93	598.98	717.16	676.9	638.09
Total Liabilities & Equity	2,490	2,818	4,045	4,330	3,196	2,781
Total Debt	578.41	582.5	661.85	568.95	574.44	729.85
Net Cash (Debt)	-488.84	-338.19	-138.73	291.32	-172.2	-409.55
Net Cash Per Share	-1.01	-0.69	-0.28	0.59	-0.35	-0.88
Filing Date Shares Outstanding	490.3	490.3	490.3	490.3	490.3	490.3
Total Common Shares Outstanding	490.3	490.3	490.3	490.3	490.3	490.3
Working Capital	-548.18	-467.25	-171.08	-155.93	-144.02	-151.54
Book Value Per Share	0.05	0.28	1.10	1.34	1.32	1.27
Tangible Book Value	-62.93	47.08	320.97	406.61	374.96	383.18
Tangible Book Value Per Share	-0.13	0.10	0.65	0.83	0.76	0.78
Buildings	-	175.82	175.82	158.55	61.01	61.01
Machinery	-	48.12	55.63	46.83	29.19	27.05
Construction In Progress	-	-	-	1.06	56.83	94.82

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