SHA:600234 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	36.46	35.6	61.11	72.11	116.33	100.1
Trading Asset Securities	-	8.07	-	-	-	-
Cash & Short-Term Investments	36.46	43.66	61.11	72.11	116.33	100.1
Cash Growth	-28.19%	-28.55%	-15.25%	-38.01%	16.22%	-16.14%
Accounts Receivable	289.19	303.46	330.78	130.9	241.83	435.67
Other Receivables	2.17	2.2	17.36	3.56	11.91	7.72
Receivables	291.36	305.66	348.14	134.46	253.74	443.39
Inventory	0.93	0.04	0.17	-	-	0.08
Other Current Assets	61.76	20.02	21.87	25.18	30.61	35.24
Total Current Assets	390.51	369.38	431.29	231.75	400.68	578.81
Property, Plant & Equipment	293.19	6.34	6.48	7.05	4.82	8.76
Long-Term Investments	0.06	0.06	0.82	1.48	4.2	7.15
Other Intangible Assets	1.4	1.49	1.82	0.23	0.26	0.29
Long-Term Deferred Tax Assets	1.46	1.34	1.58	1.27	0.63	4.64
Long-Term Deferred Charges	0.63	0.75	1.42	2.04	1.6	1.71
Other Long-Term Assets	422.86	422.86	427.51	422.57	435.87	448.1
Total Assets	1,110	802.23	870.92	666.39	848.05	1,049
Accounts Payable	146.79	186.45	216.04	91.06	103.05	269.69
Accrued Expenses	1.96	4.51	19.08	7.71	12.41	12.42
Short-Term Debt	-	-	4.72	4.07	0.77	0.77
Current Portion of Long-Term Debt	1.11	1.1	-	-	-	-
Current Portion of Leases	-	-	2.32	2.09	2.58	3.42
Current Income Taxes Payable	9.42	10.69	2.93	-	1.99	3.03
Current Unearned Revenue	9.47	3.16	24.99	5.49	1.12	7.35
Other Current Liabilities	89.9	23.68	16.12	13.89	13.83	14.1
Total Current Liabilities	258.65	229.59	286.21	124.32	135.75	310.78
Long-Term Debt	276.69	7.94	-	-	-	-
Long-Term Leases	4.02	4.3	3.09	3.24	-	2.92
Long-Term Unearned Revenue	0.11	0.11	0.14	0.16	0.19	0.21
Long-Term Deferred Tax Liabilities	92.29	92.36	93.36	92.22	94.9	97.33
Other Long-Term Liabilities	-	-	0	-	0.05	-
Total Liabilities	631.76	334.3	382.79	219.94	230.88	411.24
Common Stock	262.52	262.52	262.52	262.52	262.52	262.52
Additional Paid-In Capital	743.7	743.7	743.7	743.7	743.7	742.78
Retained Earnings	-556.03	-554.48	-537.3	-577.28	-406.63	-387.13
Total Common Equity	450.19	451.74	468.92	428.94	599.59	618.17
Minority Interest	28.18	16.19	19.21	17.51	17.59	20.06
Shareholders' Equity	478.37	467.93	488.13	446.45	617.18	638.23
Total Liabilities & Equity	1,110	802.23	870.92	666.39	848.05	1,049
Total Debt	281.82	13.34	10.13	9.41	3.35	7.11
Net Cash (Debt)	-245.37	30.33	50.98	62.7	112.98	92.99
Net Cash Growth	-	-40.52%	-18.70%	-44.50%	21.50%	-
Net Cash Per Share	-1.00	0.12	0.19	0.24	0.43	0.41
Filing Date Shares Outstanding	262.66	193.79	262.52	262.52	262.52	262.52
Total Common Shares Outstanding	262.66	193.79	262.52	262.52	262.52	262.52
Working Capital	131.86	139.79	145.09	107.43	264.93	268.03
Book Value Per Share	1.71	2.33	1.79	1.63	2.28	2.35
Tangible Book Value	448.78	450.25	467.09	428.71	599.33	617.88
Tangible Book Value Per Share	1.71	2.32	1.78	1.63	2.28	2.35
Buildings	-	-	2.67	2.67	2.67	2.67
Machinery	-	-	8.19	9.03	9	9.24
Order Backlog	-	-	457.65	-	-	-

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