SHA:688165 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	452.74	787.65	615.24	338.8	424.3	335.99
Trading Asset Securities	385.54	98.38	6.33	435.39	440.96	697.09
Cash & Short-Term Investments	838.28	886.03	621.57	774.19	865.26	1,033
Cash Growth	20.37%	42.55%	-19.71%	-10.53%	-16.25%	249.03%
Accounts Receivable	1,059	1,214	1,157	1,090	889.97	883.63
Other Receivables	112.65	121.22	130.32	28.75	16.31	34.42
Receivables	1,172	1,335	1,287	1,119	906.29	918.05
Inventory	301.99	260.6	276.17	322.12	251.83	162.33
Other Current Assets	69.51	98.05	92.9	125.3	112.71	124.68
Total Current Assets	2,382	2,580	2,278	2,340	2,136	2,238
Property, Plant & Equipment	330.58	284.38	266.74	287.01	296.33	280.67
Long-Term Investments	138.92	223.49	272.25	96.29	88.29	54.29
Goodwill	211.57	191.02	199.37	259.27	252.25	306.72
Other Intangible Assets	115.85	115.29	130.58	165.55	175.02	259.61
Long-Term Accounts Receivable	-	-	-	-	0	33.74
Long-Term Deferred Tax Assets	281.25	230.04	175.32	176.33	122.75	126.91
Long-Term Deferred Charges	1.94	1.89	1.59	1.15	0.48	0.97
Other Long-Term Assets	57.81	13.76	15.77	-	6.28	6.28
Total Assets	3,520	3,640	3,340	3,326	3,077	3,307
Accounts Payable	518.33	496.28	417.05	375.76	251.57	285.35
Accrued Expenses	90.26	123.38	137.61	153.84	129.09	77.71
Short-Term Debt	51.17	128.17	356.86	426.83	339.6	256.37
Current Portion of Long-Term Debt	330.89	214.23	100.7	121.9	71.67	-
Current Portion of Leases	-	7.56	11.08	9.49	10.68	-
Current Income Taxes Payable	10.79	32.62	9.07	1.34	2.35	3.42
Current Unearned Revenue	50.6	96.57	86.9	142.7	67.4	79.27
Other Current Liabilities	82.63	98.71	56.97	78.73	54.92	135.82
Total Current Liabilities	1,135	1,198	1,176	1,311	927.27	837.94
Long-Term Debt	656.36	584.67	185.08	77.77	93.15	154.7
Long-Term Leases	7.87	9.8	12.16	28.09	30.37	-
Long-Term Unearned Revenue	109.52	96.01	89.89	78.34	46.97	46.41
Pension & Post-Retirement Benefits	35.65	31.37	35.41	31.77	43.34	52.73
Long-Term Deferred Tax Liabilities	32.47	29.76	36.38	42.02	43.86	91.29
Other Long-Term Liabilities	-	-	-	-	8.52	7.77
Total Liabilities	1,977	1,949	1,535	1,569	1,193	1,191
Common Stock	521.78	521.78	521.78	521.78	521.78	521.78
Additional Paid-In Capital	2,053	2,051	2,039	2,037	2,032	2,009
Retained Earnings	-1,107	-906.26	-749.1	-701.66	-528.79	-335.37
Comprehensive Income & Other	31.91	-53.95	-12.23	-106.02	-148.6	-86.28
Total Common Equity	1,500	1,612	1,799	1,751	1,876	2,109
Minority Interest	43.34	78.12	5.3	6.11	7.71	7.06
Shareholders' Equity	1,543	1,690	1,804	1,757	1,884	2,116
Total Liabilities & Equity	3,520	3,640	3,340	3,326	3,077	3,307
Total Debt	1,046	944.43	665.89	664.08	545.47	411.07
Net Cash (Debt)	-208.02	-58.4	-44.32	110.11	319.79	622.01
Net Cash Growth	-	-	-	-65.57%	-48.59%	-
Net Cash Per Share	-0.40	-0.11	-0.08	0.21	0.61	1.40
Filing Date Shares Outstanding	521.78	521.78	521.78	521.78	521.78	521.78
Total Common Shares Outstanding	521.78	521.78	521.78	521.78	521.78	521.78
Working Capital	1,247	1,382	1,102	1,030	1,209	1,400
Book Value Per Share	2.87	3.09	3.45	3.36	3.60	4.04
Tangible Book Value	1,172	1,306	1,469	1,326	1,449	1,543
Tangible Book Value Per Share	2.25	2.50	2.82	2.54	2.78	2.96
Land	-	32.68	34.12	32.64	31.37	38.42
Buildings	-	183.48	184.03	193.76	191.76	196.58
Machinery	-	216.3	183.01	207.53	196.56	206.59
Construction In Progress	-	8.37	7.66	2.18	4.7	1.57

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