SHA:600097 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	285.72	428.37	525.43	518.57	632.85	758.02
Cash & Short-Term Investments	285.72	428.37	525.43	518.57	632.85	758.02
Cash Growth	-43.64%	-18.47%	1.32%	-18.06%	-16.51%	0.07%
Accounts Receivable	219.94	150.76	146.42	102.51	128.7	108.9
Other Receivables	172.17	179.83	141.22	101.3	36.96	11.37
Receivables	392.11	330.6	287.64	203.8	165.66	120.27
Inventory	868.91	835.18	698.03	802.53	513.78	380.72
Prepaid Expenses	-	-	-	0.07	0.05	0.02
Other Current Assets	78.55	68.04	60.61	43.14	178.51	69.68
Total Current Assets	1,625	1,662	1,572	1,568	1,491	1,329
Property, Plant & Equipment	1,478	1,550	1,559	1,616	1,723	1,396
Long-Term Investments	-	-	0.25	0.22	0.16	0.16
Goodwill	103.76	103.76	103.76	103.76	103.76	104.18
Other Intangible Assets	101.8	102.59	103.13	103.9	101.3	105.34
Long-Term Deferred Tax Assets	1.66	2.01	1.63	4.04	3.67	2.35
Long-Term Deferred Charges	9.03	10.79	9.41	6.5	12.01	6.9
Total Assets	3,320	3,431	3,349	3,403	3,435	2,944
Accounts Payable	366.3	425.2	390.55	301.71	267.81	224.46
Accrued Expenses	20.64	93.83	82	73.55	67.3	67.82
Current Portion of Long-Term Debt	196.91	21.21	14.81	115.38	14.24	-
Current Portion of Leases	-	177	104.86	-	143.47	22.51
Current Income Taxes Payable	23.59	16.5	21.49	30.37	57.11	46.45
Current Unearned Revenue	45.36	0.38	2.02	12.75	129.12	44.3
Other Current Liabilities	82.73	16.02	10.39	9.72	12.88	21.08
Total Current Liabilities	735.53	750.14	626.13	543.47	691.92	426.62
Long-Term Debt	78.37	86.78	75.72	94.55	103.8	153.02
Long-Term Leases	187.77	201.11	331.33	412.47	444.68	260.76
Long-Term Unearned Revenue	34.26	34.46	34.37	39.59	46.3	51.79
Long-Term Deferred Tax Liabilities	0.14	0.03	0.16	2.85	3.12	2.34
Other Long-Term Liabilities	9.59	9.59	12.68	15.61	17.87	33.21
Total Liabilities	1,046	1,082	1,080	1,109	1,308	927.72
Common Stock	410	410	410	410	410	410
Additional Paid-In Capital	606.96	606.96	606.96	611.64	611.64	611.64
Retained Earnings	1,185	1,220	1,165	1,150	1,034	985.33
Comprehensive Income & Other	50.6	81.76	60.12	70.7	35.15	-32.08
Total Common Equity	2,253	2,319	2,242	2,242	2,090	1,975
Minority Interest	21.11	29.61	26.08	52.13	36.69	41.05
Shareholders' Equity	2,274	2,349	2,268	2,294	2,127	2,016
Total Liabilities & Equity	3,320	3,431	3,349	3,403	3,435	2,944
Total Debt	463.04	486.11	526.72	622.4	706.19	436.29
Net Cash (Debt)	-177.32	-57.74	-1.29	-103.84	-73.33	321.73
Net Cash Growth	-	-	-	-	-	-27.20%
Net Cash Per Share	-0.76	-0.24	-0.01	-0.43	-0.30	1.33
Filing Date Shares Outstanding	240.94	240.94	240.94	240.94	240.94	240.94
Total Common Shares Outstanding	240.94	240.94	240.94	240.94	240.94	240.94
Working Capital	889.76	912.04	945.58	1,025	798.94	902.1
Book Value Per Share	9.35	9.63	9.31	9.31	8.68	8.20
Tangible Book Value	2,047	2,113	2,036	2,035	1,885	1,765
Tangible Book Value Per Share	8.50	8.77	8.45	8.44	7.83	7.33
Buildings	-	435.88	420.53	425.01	414.03	295.42
Machinery	-	1,877	1,692	1,630	1,599	1,690
Construction In Progress	-	74.4	67.44	2.79	1.14	57.07

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