SHA:603978 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	300.13	260.85	349.25	365.77	164.88	603.01
Trading Asset Securities	-	-	0.1	-	-	-
Cash & Short-Term Investments	300.13	260.85	349.35	365.77	164.88	603.01
Cash Growth	-18.50%	-25.33%	-4.49%	121.84%	-72.66%	272.64%
Accounts Receivable	1,413	1,247	979.76	964.33	1,007	692.41
Other Receivables	13.16	13.8	19.54	18.12	18.41	0.62
Receivables	1,426	1,261	999.3	982.44	1,026	693.04
Inventory	504.18	390.43	218.95	230.53	178.59	133.68
Other Current Assets	159.01	139.37	73.82	25.13	60.36	43.95
Total Current Assets	2,390	2,052	1,641	1,604	1,429	1,474
Property, Plant & Equipment	1,685	1,714	1,727	1,341	1,086	1,086
Long-Term Investments	29.03	32.77	42.37	43.94	37.08	25.76
Other Intangible Assets	88.31	90.1	124.4	111.12	105.23	132.76
Long-Term Deferred Tax Assets	12.39	6.18	15.03	21.72	11.84	7.97
Long-Term Deferred Charges	0.25	0.77	2.15	4.51	7.64	9.15
Other Long-Term Assets	6.28	2.92	29	62.58	49.76	13.05
Total Assets	4,211	3,899	3,581	3,189	2,727	2,748
Accounts Payable	384.2	238.38	237.74	221.45	113.84	101.17
Accrued Expenses	10.23	15.26	17.56	15.64	19.89	25.33
Short-Term Debt	853.56	783.77	573.4	329.56	150.36	240.2
Current Portion of Long-Term Debt	219.07	287.69	131.07	96.01	74.77	-
Current Portion of Leases	-	0.18	-	0.13	0.51	-
Current Income Taxes Payable	4.45	2.01	0.01	0.42	1.14	2.47
Current Unearned Revenue	15.12	4.56	6.61	1.56	14.04	1.88
Other Current Liabilities	371.99	326.58	98.13	135.4	102.2	58.51
Total Current Liabilities	1,859	1,658	1,065	800.17	476.75	429.56
Long-Term Debt	408.27	404.23	880.07	624.93	426.97	613.64
Long-Term Leases	0.32	0.2	0.36	0.34	0.62	-
Long-Term Unearned Revenue	36.24	35.28	32.32	31.16	31.42	33.52
Long-Term Deferred Tax Liabilities	0.42	0.07	0.12	-	-	-
Other Long-Term Liabilities	235.43	70.23	5.79	0.18	1.82	0.11
Total Liabilities	2,539	2,168	1,983	1,457	937.59	1,077
Common Stock	211.09	211.09	165.96	165.95	165.94	160
Additional Paid-In Capital	1,040	1,194	722.43	722.35	728.17	580.82
Retained Earnings	268.92	330.75	621.93	763.36	811.44	782.66
Treasury Stock	-10	-10	-35	-35	-35	-3
Comprehensive Income & Other	2.63	4.88	118.1	115.66	118.41	150.72
Total Common Equity	1,513	1,730	1,593	1,732	1,789	1,671
Minority Interest	158.58	-0.21	4.71	-	-	-
Shareholders' Equity	1,671	1,730	1,598	1,732	1,789	1,671
Total Liabilities & Equity	4,211	3,899	3,581	3,189	2,727	2,748
Total Debt	1,481	1,476	1,585	1,051	653.23	853.84
Net Cash (Debt)	-1,181	-1,215	-1,236	-685.2	-488.35	-250.83
Net Cash Per Share	-6.02	-7.09	-9.43	-4.13	-3.05	-1.61
Filing Date Shares Outstanding	208.29	185.94	164.07	164.07	164.05	160
Total Common Shares Outstanding	208.29	185.94	164.07	164.07	164.05	160
Working Capital	530.9	393.47	576.9	803.7	952.59	1,044
Book Value Per Share	7.26	9.31	9.71	10.56	10.90	10.44
Tangible Book Value	1,424	1,640	1,469	1,621	1,684	1,538
Tangible Book Value Per Share	6.84	8.82	8.95	9.88	10.26	9.62
Buildings	-	1,096	1,021	970.2	936.13	942.18
Machinery	-	838.24	660.72	507.58	330.4	247.69
Construction In Progress	-	319.46	491.91	223.15	104.99	144.61

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