SHA:603998 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	180.09	308.46	208.98	399.72	258.88	318.85
Trading Asset Securities	40	-	20.33	40.31	15.42	0.3
Cash & Short-Term Investments	220.09	308.46	229.3	440.03	274.3	319.15
Cash Growth	3.83%	34.52%	-47.89%	60.42%	-14.05%	71.20%
Accounts Receivable	288.27	285.32	231.09	191.95	254.67	205.36
Other Receivables	31.23	37.87	13.5	164.9	30.2	19.63
Receivables	341.22	376.59	244.59	356.85	284.87	224.99
Inventory	358.28	376.15	328.28	303.4	256.73	209.78
Other Current Assets	68.06	76.34	118.49	90.81	50.74	41.78
Total Current Assets	987.65	1,138	920.67	1,191	866.63	795.69
Property, Plant & Equipment	1,126	1,110	1,051	841.25	823.03	657.05
Long-Term Investments	165.78	239.1	257.52	252.97	193.91	139.8
Goodwill	269.03	269.03	274.41	246.44	378.73	250.9
Other Intangible Assets	253.54	281.59	267.68	273.71	249.95	227.04
Long-Term Accounts Receivable	-	-	-	26.38	42.39	45.79
Long-Term Deferred Tax Assets	11.46	10.15	15.6	4.24	1.53	1.36
Long-Term Deferred Charges	10.91	13.77	18.13	8.06	41.09	43.01
Other Long-Term Assets	173.87	158.31	126.44	78.27	107.21	82.14
Total Assets	3,032	3,267	3,081	2,922	2,704	2,243
Accounts Payable	163.54	244.26	245.82	165.61	117.18	103.5
Accrued Expenses	33.73	319.76	294.96	311.88	272.16	218.52
Short-Term Debt	413.47	532.49	309.27	229.96	462.95	412.22
Current Portion of Long-Term Debt	65.49	1.1	193.88	20.11	13.85	5.25
Current Portion of Leases	-	2.02	2.35	0.49	10.46	-
Current Income Taxes Payable	44.22	3.89	10.05	25.06	9.89	2.99
Current Unearned Revenue	36.08	36.22	38.98	87.47	35.1	26.29
Other Current Liabilities	393.01	158.79	152.77	159.02	333.87	107.75
Total Current Liabilities	1,150	1,299	1,248	999.59	1,255	876.54
Long-Term Debt	29.87	146.5	155.11	342.89	27.75	25.26
Long-Term Leases	24.17	19.04	21.31	0.84	37.04	-
Long-Term Unearned Revenue	41.86	34.06	32.86	37.22	53.41	57.95
Long-Term Deferred Tax Liabilities	33.87	33.57	34.51	33.92	27.17	17.3
Other Long-Term Liabilities	-	-	0.38	-	-	-
Total Liabilities	1,279	1,532	1,492	1,414	1,401	977.05
Common Stock	439.08	439.09	439.73	439.31	429.43	429.43
Additional Paid-In Capital	149.48	189.63	185.82	163.87	131.93	131.93
Retained Earnings	1,084	995.33	849.61	816.65	634.76	590.48
Treasury Stock	-	-1	-17	-29.63	-	-
Comprehensive Income & Other	-0.13	-0.07	-0.07	-0.07	-0.07	-0.1
Total Common Equity	1,672	1,623	1,458	1,390	1,196	1,152
Minority Interest	80.17	111.9	130.63	117.81	107.6	113.99
Shareholders' Equity	1,752	1,735	1,589	1,508	1,304	1,266
Total Liabilities & Equity	3,032	3,267	3,081	2,922	2,704	2,243
Total Debt	533	701.15	681.93	594.3	552.05	442.74
Net Cash (Debt)	-312.91	-392.69	-452.62	-154.26	-277.75	-123.59
Net Cash Per Share	-0.71	-0.89	-1.02	-0.36	-0.63	-0.29
Filing Date Shares Outstanding	439.08	439.09	439.73	439.31	429.43	429.43
Total Common Shares Outstanding	439.08	439.09	439.73	439.31	429.43	429.43
Working Capital	-161.9	-160.99	-327.42	191.5	-388.83	-80.85
Book Value Per Share	3.81	3.70	3.32	3.16	2.79	2.68
Tangible Book Value	1,149	1,072	916.01	869.98	567.36	673.8
Tangible Book Value Per Share	2.62	2.44	2.08	1.98	1.32	1.57
Buildings	-	801.14	774.18	635.14	529.35	496.37
Machinery	-	421.59	384.19	309.4	362.11	301.52
Construction In Progress	-	262.36	217.53	189.65	201.99	121.88

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