SHA:600265 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	14.32	40.28	58.62	27.23	23.31	67.85
Trading Asset Securities	22.04	85.15	-	-	-	-
Cash & Short-Term Investments	36.36	125.43	58.62	27.23	23.31	67.85
Cash Growth	62.08%	113.97%	115.31%	16.78%	-65.64%	10.90%
Accounts Receivable	58.66	105.58	95.77	38.35	47.53	12.53
Other Receivables	5.13	1.93	1.78	3.91	0.61	0.28
Receivables	63.79	107.51	97.56	42.25	48.14	12.81
Inventory	216.91	270.42	255.76	165.96	191.55	168.59
Prepaid Expenses	-	-	2.22	-	-	-
Other Current Assets	4.08	8.86	11.26	1.53	3.72	3.28
Total Current Assets	321.13	512.21	425.41	236.97	266.72	252.53
Property, Plant & Equipment	253.38	323.97	370.1	27.49	28.61	25.44
Goodwill	-	7.85	91.17	-	-	-
Other Intangible Assets	74.47	78.61	89.93	16.7	16.59	17.39
Long-Term Deferred Tax Assets	0.95	-	0.02	0.02	-	-
Long-Term Deferred Charges	0.05	0.03	0.04	0.18	0.03	0.38
Other Long-Term Assets	0.3	0.3	2.61	-	-	-
Total Assets	650.29	922.98	979.28	465.26	311.96	295.75
Accounts Payable	44.5	39.67	18.92	13.99	23.15	3.42
Accrued Expenses	13.26	35.86	33.02	18.88	16.74	12.72
Short-Term Debt	23.02	59.87	36.5	52.92	-	-
Current Portion of Long-Term Debt	174.52	22.7	22.7	-	-	220
Current Portion of Leases	-	1.58	1.89	-	1.24	-
Current Income Taxes Payable	0.86	0.04	0.02	0.45	48.68	0.06
Current Unearned Revenue	6.63	6.5	10.44	16.8	25.6	27.07
Other Current Liabilities	157.77	34.95	14.4	12.72	12.73	10.23
Total Current Liabilities	420.56	201.17	137.89	115.76	128.14	273.5
Long-Term Debt	154.97	148.25	170.95	183.9	-	-
Long-Term Leases	5.63	8.28	12.92	3.24	0.94	-
Long-Term Unearned Revenue	0.9	0.9	0.9	0.9	1.18	1.74
Long-Term Deferred Tax Liabilities	-	21.97	13.58	0.02	-	-
Other Long-Term Liabilities	39	297.6	284.89	8.24	9.02	-
Total Liabilities	621.06	678.17	621.12	312.06	139.28	275.24
Common Stock	129.8	129.8	129.8	129.8	129.8	129.8
Additional Paid-In Capital	600.56	474.48	471.74	467.27	465.43	285.19
Retained Earnings	-724.39	-511.51	-438.64	-444.96	-422.68	-390.79
Comprehensive Income & Other	2.72	2.34	1.66	1.08	0.13	-
Total Common Equity	8.69	95.11	164.57	153.2	172.68	24.2
Minority Interest	20.54	149.71	193.59	-	-	-3.7
Shareholders' Equity	29.23	244.82	358.16	153.2	172.68	20.5
Total Liabilities & Equity	650.29	922.98	979.28	465.26	311.96	295.75
Total Debt	358.15	240.68	244.96	240.06	2.18	220
Net Cash (Debt)	-321.79	-115.25	-186.34	-212.84	21.13	-152.15
Net Cash Per Share	-2.47	-0.89	-1.47	-1.62	0.16	-1.16
Filing Date Shares Outstanding	129.8	129.8	129.8	129.8	129.8	129.8
Total Common Shares Outstanding	129.8	129.8	129.8	129.8	129.8	129.8
Working Capital	-99.43	311.05	287.53	121.21	138.58	-20.97
Book Value Per Share	0.07	0.73	1.27	1.18	1.33	0.19
Tangible Book Value	-65.78	8.64	-16.53	136.49	156.08	6.81
Tangible Book Value Per Share	-0.51	0.07	-0.13	1.05	1.20	0.05
Buildings	-	159.7	159.5	47.75	46.73	49.18
Machinery	-	271.14	257.73	62.01	61.66	58.2
Construction In Progress	-	-	30.88	-	-	-

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