SHA:600165 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	460.65	8.61	24.4	89.48	110.95
Cash & Short-Term Investments	460.65	8.61	24.4	89.48	110.95
Cash Growth	5252.30%	-64.73%	-72.73%	-19.35%	-46.46%
Accounts Receivable	110.38	69.84	60.36	35	21.74
Other Receivables	37.31	5.24	3.35	2.49	1.58
Receivables	147.69	75.07	63.71	37.49	23.32
Inventory	117.28	102.05	95.83	109.31	144.97
Prepaid Expenses	-	8.87	0.34	0.01	-
Other Current Assets	66.15	19.64	14.42	15.57	32.91
Total Current Assets	791.77	214.24	198.7	251.86	312.16
Property, Plant & Equipment	1,620	1,808	1,872	2,198	2,231
Long-Term Investments	-	-	710.41	672.17	652.02
Other Intangible Assets	60.27	67.14	74.31	79.3	52.53
Long-Term Deferred Tax Assets	2.16	4.55	3.05	2.9	6.09
Long-Term Deferred Charges	3.8	5.07	6.23	6.8	7.65
Other Long-Term Assets	12.29	67.99	92.81	67.53	44.37
Total Assets	2,490	2,167	2,958	3,279	3,306
Accounts Payable	115.96	820.22	635.36	692.24	567.22
Accrued Expenses	14.64	143.15	123.87	18.58	24.6
Short-Term Debt	7.81	674.32	532.24	461.67	344.19
Current Portion of Long-Term Debt	2.66	-	424.53	369.54	74.2
Current Portion of Leases	-	1.66	1.23	0.75	0.32
Current Income Taxes Payable	14.49	-	-	0.74	0.02
Current Unearned Revenue	3.3	3.27	8.05	4.18	56.45
Other Current Liabilities	126.75	254.87	155.78	18.83	13.04
Total Current Liabilities	285.63	1,898	1,881	1,567	1,080
Long-Term Debt	-	-	743.8	781.5	1,079
Long-Term Leases	0.9	1.29	1.7	1.53	1.86
Long-Term Unearned Revenue	17.26	17.63	18.26	19.9	12.91
Long-Term Deferred Tax Liabilities	2.03	2.52	3.06	3.2	3.65
Other Long-Term Liabilities	848.21	7.91	3.96	11.97	64.47
Total Liabilities	1,154	1,927	2,652	2,385	2,242
Common Stock	1,616	684.88	684.88	684.88	684.88
Additional Paid-In Capital	1,253	957.74	442.27	442.04	441.79
Retained Earnings	-1,661	-1,571	-1,032	-497.71	-356.23
Comprehensive Income & Other	-	-	3.93	0.1	-0.12
Total Common Equity	1,208	71.79	99.16	629.31	770.32
Minority Interest	128.07	168.37	206.5	264.77	293.4
Shareholders' Equity	1,336	240.17	305.65	894.08	1,064
Total Liabilities & Equity	2,490	2,167	2,958	3,279	3,306
Total Debt	11.38	677.27	1,704	1,615	1,500
Net Cash (Debt)	449.27	-668.67	-1,679	-1,526	-1,389
Net Cash Per Share	0.28	-0.98	-2.45	-2.23	-2.03
Filing Date Shares Outstanding	4,398	684.88	684.88	684.88	684.88
Total Common Shares Outstanding	4,398	684.88	684.88	684.88	684.88
Working Capital	506.14	-1,683	-1,682	-1,315	-767.88
Book Value Per Share	0.27	0.10	0.14	0.92	1.12
Tangible Book Value	1,148	4.65	24.84	550.01	717.79
Tangible Book Value Per Share	0.26	0.01	0.04	0.80	1.05
Buildings	-	643.45	669.89	767.23	607.44
Machinery	-	1,579	1,521	1,623	1,078
Construction In Progress	-	79.43	72.79	74.65	696.41

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