SHA:603991 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	20.04	31.65	33.59	28.52	52.2	9.51
Trading Asset Securities	23	0.66	13.23	-	-	-
Cash & Short-Term Investments	43.04	32.31	46.82	28.52	52.2	9.51
Cash Growth	-12.38%	-30.99%	64.17%	-45.37%	449.07%	-49.13%
Accounts Receivable	151.38	246.7	148.62	107.73	100.08	205
Other Receivables	4.23	2.36	1.49	1.29	0.24	0.95
Receivables	155.61	249.06	150.11	109.02	100.32	205.95
Inventory	66.41	50.87	76.64	27.91	19.87	38.66
Other Current Assets	5.38	5.58	7.81	2.38	3.12	52.51
Total Current Assets	270.44	337.83	281.39	167.82	175.51	306.63
Property, Plant & Equipment	174.1	172.85	182.67	193.17	204.61	220.08
Goodwill	69.62	69.62	69.62	-	-	-
Other Intangible Assets	40.85	43.91	48.27	18.59	19.3	25.96
Long-Term Deferred Tax Assets	5.04	3.43	9.72	14.05	9.56	7.37
Long-Term Deferred Charges	8.84	8.39	9.09	9.74	10.77	11.67
Other Long-Term Assets	-	-	-	-	9.49	-
Total Assets	568.89	636.02	600.75	403.38	429.25	571.71
Accounts Payable	38.9	64.15	46.18	27.32	24.71	47.45
Accrued Expenses	2.46	11.16	8.93	6.33	4.75	9.85
Short-Term Debt	19.84	23.52	56.7	10.02	15.03	117.47
Current Portion of Long-Term Debt	35.1	4.14	2	10.52	5.01	-
Current Income Taxes Payable	0.73	4.25	0.92	-	-	-
Current Unearned Revenue	19.9	5.92	5.4	0.01	0.43	0.08
Other Current Liabilities	39.06	49.24	23.43	11.85	16.69	14.12
Total Current Liabilities	155.99	162.39	143.57	66.05	66.62	188.97
Long-Term Debt	162.04	192.12	151.73	28.55	35.06	-
Long-Term Unearned Revenue	2.79	4.07	6.04	8.01	9.98	11.73
Long-Term Deferred Tax Liabilities	4.69	4.23	8.36	-	-	-
Total Liabilities	330.74	362.81	309.69	102.61	111.67	200.7
Common Stock	74.53	74.53	74.53	74.53	74.53	74.53
Additional Paid-In Capital	249.52	247.64	247.64	247.63	247.63	247.63
Retained Earnings	-125.88	-96.37	-65.83	-21.4	-4.58	48.85
Total Common Equity	198.18	225.81	256.34	300.77	317.59	371.02
Minority Interest	39.97	47.4	34.72	-	-	-
Shareholders' Equity	238.15	273.21	291.06	300.77	317.59	371.02
Total Liabilities & Equity	568.89	636.02	600.75	403.38	429.25	571.71
Total Debt	222.2	219.79	210.43	49.09	55.09	117.47
Net Cash (Debt)	-179.15	-187.47	-163.61	-20.57	-2.89	-107.97
Net Cash Per Share	-2.44	-2.52	-2.20	-0.28	-0.04	-1.46
Filing Date Shares Outstanding	74.53	74.53	74.53	74.53	74.53	74.53
Total Common Shares Outstanding	74.53	74.53	74.53	74.53	74.53	74.53
Working Capital	114.44	175.44	137.82	101.77	108.89	117.66
Book Value Per Share	2.66	3.03	3.44	4.04	4.26	4.98
Tangible Book Value	87.72	112.28	138.46	282.17	298.28	345.05
Tangible Book Value Per Share	1.18	1.51	1.86	3.79	4.00	4.63
Buildings	-	179.25	179.25	179.25	179.25	185.36
Machinery	-	76.99	77.35	76.79	89.04	89.92
Construction In Progress	-	-	-	-	-	0.05

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