Jiangsu Shagang 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	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020	2015 - 2019
Cash & Equivalents	7,201	8,899	6,481	1,548	317.27	169.69	Upgrade
Trading Asset Securities	6,220	4,508	6,259	4,789	5,148	4,649	Upgrade
Cash & Short-Term Investments	13,421	13,408	12,740	6,337	5,465	4,819	Upgrade
Cash Growth	-15.47%	5.24%	101.04%	15.96%	13.40%	27.92%	Upgrade
Accounts Receivable	729.33	565.4	644.97	514.52	545.82	1,199	Upgrade
Other Receivables	2.73	1.85	2.35	27.39	8.07	8.87	Upgrade
Receivables	732.07	567.25	647.32	541.91	553.89	1,208	Upgrade
Inventory	1,868	1,925	2,224	2,093	2,122	1,713	Upgrade
Other Current Assets	154.65	126.41	193.65	191.84	218.77	297.74	Upgrade
Total Current Assets	16,176	16,026	15,805	9,164	8,360	8,038	Upgrade
Property, Plant & Equipment	6,289	6,667	6,314	5,663	4,764	4,369	Upgrade
Long-Term Investments	552.09	451.66	684.89	866.06	1,264	413.96	Upgrade
Other Intangible Assets	1,013	1,053	428.46	426.62	434.42	354.85	Upgrade
Long-Term Deferred Tax Assets	42.89	94.29	37.33	26.02	14.37	13.69	Upgrade
Other Long-Term Assets	204.29	64.85	708.99	712.8	558.04	-	Upgrade
Total Assets	24,277	24,356	23,980	16,859	15,395	13,189	Upgrade
Accounts Payable	3,782	2,858	3,118	3,709	3,288	2,629	Upgrade
Accrued Expenses	132.97	165.29	191.49	202.21	269.18	224.46	Upgrade
Short-Term Debt	8,401	9,589	8,857	1,994	730.73	823.09	Upgrade
Current Portion of Long-Term Debt	153.74	364.14	164.55	-	-	-	Upgrade
Current Income Taxes Payable	45.21	14.09	37.29	51.11	254.62	225.56	Upgrade
Current Unearned Revenue	560.71	501.98	376.16	452.67	656.99	676.44	Upgrade
Other Current Liabilities	346.77	361.25	391.64	396.58	359.48	370.58	Upgrade
Total Current Liabilities	13,422	13,854	13,136	6,805	5,559	4,949	Upgrade
Long-Term Debt	297.97	302.97	378.1	96	-	-	Upgrade
Long-Term Unearned Revenue	157.23	172.87	137.75	73.58	52.33	62.04	Upgrade
Long-Term Deferred Tax Liabilities	96.43	95.19	55.95	82.75	145.11	103	Upgrade
Other Long-Term Liabilities	10.47	10.55	10.87	8.98	8.98	8.98	Upgrade
Total Liabilities	13,984	14,435	13,719	7,066	5,766	5,123	Upgrade
Common Stock	2,194	2,194	2,194	2,207	2,207	2,207	Upgrade
Retained Earnings	5,446	5,270	5,272	4,965	4,687	3,794	Upgrade
Treasury Stock	-	-	-	-165.38	-165.38	-165.38	Upgrade
Comprehensive Income & Other	-1,060	-1,061	-708.27	-600.26	-598.63	-609.33	Upgrade
Total Common Equity	6,580	6,403	6,758	6,406	6,130	5,226	Upgrade
Minority Interest	3,713	3,518	3,503	3,387	3,499	2,840	Upgrade
Shareholders' Equity	10,293	9,921	10,261	9,793	9,629	8,066	Upgrade
Total Liabilities & Equity	24,277	24,356	23,980	16,859	15,395	13,189	Upgrade
Total Debt	8,853	10,256	9,399	2,090	730.73	823.09	Upgrade
Net Cash (Debt)	4,569	3,151	3,341	4,247	4,734	3,996	Upgrade
Net Cash Growth	40.02%	-5.68%	-21.34%	-10.28%	18.47%	12.24%	Upgrade
Net Cash Per Share	1.97	1.36	1.48	1.97	2.17	1.85	Upgrade
Filing Date Shares Outstanding	2,194	2,194	2,194	2,194	2,194	2,194	Upgrade
Total Common Shares Outstanding	2,194	2,194	2,194	2,194	2,194	2,194	Upgrade
Working Capital	2,754	2,172	2,669	2,359	2,801	3,088	Upgrade
Book Value Per Share	3.00	2.92	3.08	2.92	2.79	2.38	Upgrade
Tangible Book Value	5,568	5,350	6,329	5,979	5,695	4,871	Upgrade
Tangible Book Value Per Share	2.54	2.44	2.88	2.73	2.60	2.22	Upgrade
Buildings	-	4,335	3,720	3,559	3,092	2,924	Upgrade
Machinery	-	9,199	8,552	7,346	7,010	6,447	Upgrade
Construction In Progress	-	91.49	1,002	1,054	536.97	477.75	Upgrade

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