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

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