SHA:603985 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	512.48	376.1	748.82	1,195	791.4	294.75
Trading Asset Securities	0.65	0.65	-	-	1,045	-
Cash & Short-Term Investments	513.14	376.75	748.82	1,195	1,836	294.75
Cash Growth	50.74%	-49.69%	-37.32%	-34.95%	523.03%	-1.15%
Accounts Receivable	1,012	802.98	768.6	645.07	493.67	563.29
Other Receivables	3.82	5.72	190.26	5.42	4.42	3.06
Receivables	1,015	808.7	958.86	650.49	498.09	566.35
Inventory	712.36	606.54	536.93	619.17	404.7	534.01
Other Current Assets	218.06	123.12	71.33	82.93	39.69	119.22
Total Current Assets	2,459	1,915	2,316	2,547	2,779	1,514
Property, Plant & Equipment	2,705	2,279	2,164	1,310	632.57	588.38
Long-Term Investments	101.63	104.3	113.78	147.74	128.07	383.24
Goodwill	0	0	0	-	-	52.15
Other Intangible Assets	126.58	112.02	109.37	106.97	77.84	84.34
Long-Term Accounts Receivable	-	44.56	-	-	-	-
Long-Term Deferred Tax Assets	67.95	67.6	44.5	16.34	13.81	22.96
Long-Term Deferred Charges	1.68	1.91	-	-	1.55	1.68
Other Long-Term Assets	103.85	72.96	199.58	186.33	259.9	41.38
Total Assets	5,565	4,597	4,948	4,314	3,893	2,688
Accounts Payable	534.9	399.71	536.3	731.62	446.92	257.7
Accrued Expenses	32.05	38.54	45.59	40.62	38.24	65.85
Short-Term Debt	997.2	775.17	871.04	80.32	-	499.34
Current Portion of Long-Term Debt	299.63	37.44	-	-	-	22.11
Current Portion of Leases	-	1.31	1.24	1.1	-	-
Current Income Taxes Payable	7.52	2.46	6.89	24.66	32.81	23.95
Current Unearned Revenue	34.5	7.07	4.89	7.01	15.08	124.74
Other Current Liabilities	10.87	6.25	77	0.83	2.06	43.52
Total Current Liabilities	1,917	1,268	1,543	886.15	535.12	1,037
Long-Term Debt	-	-	-	-	-	50
Long-Term Leases	1.23	2.45	2.2	0.57	-	4.74
Long-Term Unearned Revenue	48.99	52	48.85	26.86	17.8	17.63
Long-Term Deferred Tax Liabilities	-	-	2.87	2.43	2.47	21.76
Other Long-Term Liabilities	371	62.71	1.17	0.56	-	10.45
Total Liabilities	2,338	1,385	1,598	916.56	555.38	1,142
Common Stock	440.86	440.86	440.86	440.86	339.12	203.84
Additional Paid-In Capital	1,698	1,698	1,698	1,697	1,799	479.87
Retained Earnings	1,133	1,068	1,207	1,259	1,198	838.02
Comprehensive Income & Other	-1.3	0.23	-0.42	0.37	0.74	0.55
Total Common Equity	3,221	3,208	3,345	3,398	3,337	1,522
Minority Interest	6.92	4.21	4.11	-	-	24.4
Shareholders' Equity	3,228	3,212	3,350	3,398	3,337	1,547
Total Liabilities & Equity	5,565	4,597	4,948	4,314	3,893	2,688
Total Debt	1,298	816.38	874.49	81.99	-	576.19
Net Cash (Debt)	-784.92	-439.63	-125.67	1,113	1,836	-281.44
Net Cash Growth	-	-	-	-39.41%	-	-
Net Cash Per Share	-1.78	-1.00	-0.29	2.52	4.77	-0.76
Filing Date Shares Outstanding	437.13	440.86	440.86	440.86	440.86	344.49
Total Common Shares Outstanding	437.13	440.86	440.86	440.86	440.86	344.49
Working Capital	542.21	647.16	772.98	1,661	2,244	477.12
Book Value Per Share	7.37	7.28	7.59	7.71	7.57	4.42
Tangible Book Value	3,094	3,096	3,236	3,291	3,259	1,386
Tangible Book Value Per Share	7.08	7.02	7.34	7.46	7.39	4.02
Buildings	-	591.86	557.56	358.91	210.7	252.14
Machinery	-	2,011	1,515	810.36	572.6	636.93
Construction In Progress	-	285.48	541	499.59	168.25	16.61

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