SHA:600228 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	271.58	235.61	406.61	385.66	419.51	854.26
Trading Asset Securities	30.01	30	-	2.01	-	-
Cash & Short-Term Investments	301.59	265.62	406.61	387.66	419.51	854.26
Cash Growth	-22.24%	-34.67%	4.89%	-7.59%	-50.89%	-3.81%
Accounts Receivable	113.91	157.17	43.74	80.41	103.46	119.88
Other Receivables	2.47	2.23	4.1	993.51	706.01	512.73
Receivables	116.38	159.4	47.83	1,074	809.46	632.61
Inventory	0.13	4.57	2.66	-	-	-
Prepaid Expenses	-	-	-	-	-	1.33
Other Current Assets	17.25	23.46	10.25	13.12	14.27	30.46
Total Current Assets	435.34	453.04	467.35	1,475	1,243	1,519
Property, Plant & Equipment	8.4	10.12	12.71	18.39	22.53	27.13
Long-Term Investments	91.52	91.32	102.55	132.22	94.28	-
Other Intangible Assets	0.18	0.2	0.22	0.34	0.2	0.34
Long-Term Deferred Tax Assets	16.58	16.14	12.24	11.5	13.18	13.48
Long-Term Deferred Charges	0.01	0.02	0.03	0.07	0.13	0.28
Total Assets	552.03	570.84	595.1	1,637	1,374	1,560
Accounts Payable	73.27	76.87	35.31	38.78	58.92	68.81
Accrued Expenses	10.09	10.42	27.8	28.03	34.24	44.81
Current Portion of Long-Term Debt	3.82	3.73	-	-	-	-
Current Portion of Leases	-	-	3.58	4.56	4.11	2.3
Current Income Taxes Payable	8.64	9.43	1.29	4.85	4.67	0.97
Current Unearned Revenue	12.24	8.89	6.47	4.52	15	8.34
Other Current Liabilities	43.36	46.18	39.78	68.98	82.22	525.45
Total Current Liabilities	151.42	155.52	114.24	149.73	199.16	650.67
Long-Term Leases	1.66	2.64	6.61	13.96	17.99	21.71
Other Long-Term Liabilities	17.07	17.07	17.07	9.52	9.52	9.52
Total Liabilities	170.14	175.23	137.91	173.21	226.68	681.9
Common Stock	416.67	416.67	419.27	606.67	732.73	823.27
Additional Paid-In Capital	-279.73	-280.17	-	-	103.83	-
Retained Earnings	246.74	260.77	58.29	857.36	310.33	242.29
Treasury Stock	-1.52	-1.52	-20.42	-	-	-
Comprehensive Income & Other	-0.28	-0.13	0.05	-	-	-187.57
Total Common Equity	381.89	395.61	457.19	1,464	1,147	877.99
Shareholders' Equity	381.89	395.61	457.19	1,464	1,147	877.99
Total Liabilities & Equity	552.03	570.84	595.1	1,637	1,374	1,560
Total Debt	5.48	6.36	10.19	18.52	22.1	24
Net Cash (Debt)	296.12	259.25	396.42	369.14	397.41	830.25
Net Cash Growth	-21.98%	-34.60%	7.39%	-7.11%	-52.13%	-6.51%
Net Cash Per Share	0.71	0.62	0.72	0.54	0.49	1.07
Filing Date Shares Outstanding	416.08	416.42	419.27	602.62	732.73	823.27
Total Common Shares Outstanding	416.08	416.42	419.27	606.67	732.73	823.27
Working Capital	283.93	297.52	353.11	1,325	1,044	868
Book Value Per Share	0.92	0.95	1.09	2.41	1.57	1.07
Tangible Book Value	381.71	395.41	456.97	1,464	1,147	877.66
Tangible Book Value Per Share	0.92	0.95	1.09	2.41	1.56	1.07
Machinery	-	-	19.67	18.44	19.11	18.94

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