SHA:603968 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	339.88	658.16	896.59	827.49	281.94	896.39
Trading Asset Securities	764.64	470.61	356.07	384.83	692.39	236.02
Cash & Short-Term Investments	1,105	1,129	1,253	1,212	974.33	1,132
Cash Growth	-6.59%	-9.89%	3.33%	24.43%	-13.96%	28.76%
Accounts Receivable	588.7	617.58	654.95	639.69	574.61	336.55
Other Receivables	4.83	12.24	4.08	3.11	0.96	4.58
Receivables	593.53	629.81	659.03	642.8	575.57	341.14
Inventory	347.67	252.44	256.7	173.14	190.94	129
Other Current Assets	90.77	49.9	77.22	53.39	105.27	68.7
Total Current Assets	2,136	2,061	2,246	2,082	1,846	1,671
Property, Plant & Equipment	928.43	939.15	963.86	864.24	691.46	517.4
Long-Term Investments	76.01	134.46	117.78	110.49	102.13	78.95
Other Intangible Assets	164.79	166.76	172.27	94.92	91.23	93.62
Long-Term Deferred Tax Assets	40	38.37	31.11	12.51	8.29	10.73
Long-Term Deferred Charges	0.64	0.83	-	-	-	-
Other Long-Term Assets	66.22	15.83	15.4	8.15	44.59	22.47
Total Assets	3,413	3,356	3,546	3,172	2,784	2,394
Accounts Payable	691.37	692.24	508.43	440.56	524.47	238.4
Accrued Expenses	11.58	31.44	29.52	26.35	22.28	22.06
Short-Term Debt	273	97.7	122.8	0.7	70.83	308.47
Current Portion of Long-Term Debt	255.37	160.5	110	205	-	-
Current Portion of Leases	-	0.06	0.06	-	-	-
Current Income Taxes Payable	3.65	1.36	2.2	15.64	9.98	6.85
Current Unearned Revenue	15.21	14.97	20.27	10.34	34.53	32.1
Other Current Liabilities	87.02	161.5	230.19	92.46	64.29	10.76
Total Current Liabilities	1,337	1,160	1,023	791.05	726.38	618.65
Long-Term Debt	79.73	174.9	327.33	200	200	-
Long-Term Leases	0.16	0.13	0.19	-	-	-
Long-Term Unearned Revenue	55.74	60.36	61.01	66.71	49.13	56.66
Long-Term Deferred Tax Liabilities	34.88	36.58	40.94	21.93	18.56	15.56
Other Long-Term Liabilities	6.17	7.2	8.96	-	-	-
Total Liabilities	1,514	1,439	1,462	1,080	994.07	690.86
Common Stock	204.48	207.38	209.32	204.48	204.48	204.48
Additional Paid-In Capital	414.7	436.69	463.38	397.12	397.12	396.97
Retained Earnings	1,172	1,197	1,359	1,493	1,194	1,065
Treasury Stock	-	-28.55	-48.93	-	-	-
Comprehensive Income & Other	14.35	13.04	11.65	-2.61	-5.89	36.85
Total Common Equity	1,806	1,825	1,994	2,092	1,790	1,704
Minority Interest	92.75	92.17	90.17	-	-	-
Shareholders' Equity	1,899	1,917	2,084	2,092	1,790	1,704
Total Liabilities & Equity	3,413	3,356	3,546	3,172	2,784	2,394
Total Debt	608.25	433.29	560.39	405.7	270.83	308.47
Net Cash (Debt)	496.26	695.48	692.27	806.62	703.5	823.94
Net Cash Growth	-4.27%	0.46%	-14.18%	14.66%	-14.62%	15.60%
Net Cash Per Share	2.40	3.34	3.26	3.94	3.44	4.03
Filing Date Shares Outstanding	204.48	207.38	209.32	204.48	204.48	204.48
Total Common Shares Outstanding	204.48	207.38	209.32	204.48	204.48	204.48
Working Capital	799.3	901.15	1,222	1,291	1,120	1,053
Book Value Per Share	8.83	8.80	9.53	10.23	8.75	8.33
Tangible Book Value	1,641	1,658	1,822	1,997	1,699	1,610
Tangible Book Value Per Share	8.03	8.00	8.70	9.77	8.31	7.87
Buildings	-	513.65	509.21	426.56	306.12	295.05
Machinery	-	1,209	1,186	1,035	768.58	683.4
Construction In Progress	-	46.87	15.47	71.52	240.81	104.6

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