SHA:600212 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	385.35	438.1	333.83	487.19	41.67	27.1
Short-Term Investments	-	-	18.85	7.44	-	-
Accounts Receivable	1,082	1,099	719.86	403.67	198.25	80.79
Other Receivables	40.52	35.43	0.83	7.62	45.63	25.82
Inventory	761.7	664.04	173.59	127.04	76.19	2.1
Prepaid Expenses	-	-	0.13	0.01	-	-
Other Current Assets	106.2	122.14	11.03	12.2	13.07	1.27
Total Current Assets	2,376	2,358	1,258	1,045	374.81	137.08
Property, Plant & Equipment	91.3	95.01	94.12	86.52	81.52	131.7
Goodwill	76.87	76.87	76.87	50.59	50.59	-
Other Intangible Assets	27.37	28.23	28.59	27	28.64	23.38
Long-Term Investments	1.6	1.6	4.88	1.88	0.88	-
Long-Term Deferred Tax Assets	27.15	25.91	19.74	8.54	1.58	-
Long-Term Deferred Charges	8.32	9.92	17.01	21.43	13.14	1.46
Long-Term Accounts Receivable	-	-	14.55	-	-	-
Other Long-Term Assets	79.69	80.4	51.91	52.3	0.12	20
Total Assets	2,688	2,676	1,566	1,293	551.29	313.62
Accounts Payable	1,417	1,403	547.11	392.01	179.62	3.39
Accrued Expenses	23.52	59.74	73.36	42.72	44.9	36.05
Short-Term Debt	247.61	229.35	70.1	10.02	12	-
Current Portion of Long-Term Debt	10.51	11.7	-	-	-	-
Current Unearned Revenue	135.72	114.94	31.33	16.5	5.44	0.51
Current Portion of Leases	-	-	4.82	3.52	5.73	0.46
Current Income Taxes Payable	16.4	14.87	6.75	1.85	1.21	-
Other Current Liabilities	122.95	125.67	258.17	191.43	134.62	1.33
Total Current Liabilities	1,973	1,960	991.64	658.05	383.52	41.74
Long-Term Debt	72.35	53.5	-	-	-	-
Long-Term Leases	12.86	12.29	15.02	13.82	7.7	3.09
Long-Term Unearned Revenue	12.7	12.83	13.33	13.84	14.35	14.85
Long-Term Deferred Tax Liabilities	2.45	2.65	3.31	2.99	1.02	-
Other Long-Term Liabilities	11.8	13.11	8.32	5.47	4.32	20.85
Total Liabilities	2,086	2,054	1,032	694.18	410.9	80.53
Common Stock	704.15	704.27	704.52	696.65	511.7	511.7
Additional Paid-In Capital	919.16	919.55	914.61	861.66	467.83	467.83
Retained Earnings	-821.77	-800.27	-816.93	-830.98	-848.4	-751.86
Treasury Stock	-236.88	-237.4	-301.12	-138.07	-	-
Comprehensive Income & Other	12.37	11.35	7.9	7.36	6.13	5.42
Total Common Equity	577.03	597.51	508.97	596.62	137.26	233.09
Minority Interest	25.4	24.76	25.16	2.65	3.13	-
Shareholders' Equity	602.43	622.26	534.14	599.26	140.39	233.09
Total Liabilities & Equity	2,688	2,676	1,566	1,293	551.29	313.62
Total Debt	343.32	306.84	89.94	27.37	25.43	3.55
Net Cash (Debt)	42.03	131.26	262.73	467.26	16.24	23.55
Net Cash Growth	-73.71%	-50.04%	-43.77%	2776.63%	-31.03%	-72.40%
Net Cash Per Share	0.06	0.19	0.39	0.83	0.03	0.05
Filing Date Shares Outstanding	704.81	664.63	683.67	666.67	511.7	511.7
Total Common Shares Outstanding	704.81	664.63	683.67	666.67	511.7	511.7
Working Capital	402.27	398.69	266.46	387.13	-8.7	95.34
Book Value Per Share	0.82	0.90	0.74	0.89	0.27	0.46
Tangible Book Value	472.78	492.4	403.51	519.03	58.03	209.72
Tangible Book Value Per Share	0.67	0.74	0.59	0.78	0.11	0.41
Buildings	-	-	85.35	85.35	85.35	192.49
Machinery	-	-	89.25	69.84	59.43	202.87
Construction In Progress	-	-	0.15	0.15	0.28	-

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