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	2016 - 2020
Period Ending	Jun '25 Jun 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	2016 - 2020
Cash & Equivalents	25.41	40.28	58.62	27.23	23.31	67.85	Upgrade
Trading Asset Securities	51.58	85.15	-	-	-	-	Upgrade
Cash & Short-Term Investments	76.99	125.43	58.62	27.23	23.31	67.85	Upgrade
Cash Growth	403.81%	113.97%	115.31%	16.78%	-65.64%	10.90%	Upgrade
Accounts Receivable	106.97	105.58	95.77	38.35	47.53	12.53	Upgrade
Other Receivables	2.86	1.93	1.78	3.91	0.61	0.28	Upgrade
Receivables	109.83	107.51	97.56	42.25	48.14	12.81	Upgrade
Inventory	226.3	270.42	255.76	165.96	191.55	168.59	Upgrade
Prepaid Expenses	-	-	2.22	-	-	-	Upgrade
Other Current Assets	8.28	8.86	11.26	1.53	3.72	3.28	Upgrade
Total Current Assets	421.4	512.21	425.41	236.97	266.72	252.53	Upgrade
Property, Plant & Equipment	258.85	323.97	370.1	27.49	28.61	25.44	Upgrade
Goodwill	1.46	7.85	91.17	-	-	-	Upgrade
Other Intangible Assets	74.95	78.61	89.93	16.7	16.59	17.39	Upgrade
Long-Term Deferred Tax Assets	-	-	0.02	0.02	-	-	Upgrade
Long-Term Deferred Charges	0.08	0.03	0.04	0.18	0.03	0.38	Upgrade
Other Long-Term Assets	0.71	0.3	2.61	-	-	-	Upgrade
Total Assets	757.46	922.98	979.28	465.26	311.96	295.75	Upgrade
Accounts Payable	49.7	39.67	18.92	13.99	23.15	3.42	Upgrade
Accrued Expenses	31.91	35.86	33.02	18.88	16.74	12.72	Upgrade
Short-Term Debt	35.03	59.87	36.5	52.92	-	-	Upgrade
Current Portion of Long-Term Debt	-	22.7	22.7	-	-	220	Upgrade
Current Portion of Leases	-	1.58	1.89	-	1.24	-	Upgrade
Current Income Taxes Payable	-	0.04	0.02	0.45	48.68	0.06	Upgrade
Current Unearned Revenue	6.92	6.5	10.44	16.8	25.6	27.07	Upgrade
Other Current Liabilities	266.32	34.95	14.4	12.72	12.73	10.23	Upgrade
Total Current Liabilities	389.89	201.17	137.89	115.76	128.14	273.5	Upgrade
Long-Term Debt	-	148.25	170.95	183.9	-	-	Upgrade
Long-Term Leases	3.35	8.28	12.92	3.24	0.94	-	Upgrade
Long-Term Unearned Revenue	0.9	0.9	0.9	0.9	1.18	1.74	Upgrade
Long-Term Deferred Tax Liabilities	1.07	21.97	13.58	0.02	-	-	Upgrade
Other Long-Term Liabilities	193.66	297.6	284.89	8.24	9.02	-	Upgrade
Total Liabilities	588.87	678.17	621.12	312.06	139.28	275.24	Upgrade
Common Stock	129.8	129.8	129.8	129.8	129.8	129.8	Upgrade
Additional Paid-In Capital	600.34	474.48	471.74	467.27	465.43	285.19	Upgrade
Retained Earnings	-635.51	-511.51	-438.64	-444.96	-422.68	-390.79	Upgrade
Comprehensive Income & Other	2.62	2.34	1.66	1.08	0.13	-	Upgrade
Total Common Equity	97.25	95.11	164.57	153.2	172.68	24.2	Upgrade
Minority Interest	71.34	149.71	193.59	-	-	-3.7	Upgrade
Shareholders' Equity	168.6	244.82	358.16	153.2	172.68	20.5	Upgrade
Total Liabilities & Equity	757.46	922.98	979.28	465.26	311.96	295.75	Upgrade
Total Debt	38.39	240.68	244.96	240.06	2.18	220	Upgrade
Net Cash (Debt)	38.6	-115.25	-186.34	-212.84	21.13	-152.15	Upgrade
Net Cash Per Share	0.30	-0.89	-1.47	-1.62	0.16	-1.16	Upgrade
Filing Date Shares Outstanding	134.72	129.8	129.8	129.8	129.8	129.8	Upgrade
Total Common Shares Outstanding	134.72	129.8	129.8	129.8	129.8	129.8	Upgrade
Working Capital	31.51	311.05	287.53	121.21	138.58	-20.97	Upgrade
Book Value Per Share	0.72	0.73	1.27	1.18	1.33	0.19	Upgrade
Tangible Book Value	20.84	8.64	-16.53	136.49	156.08	6.81	Upgrade
Tangible Book Value Per Share	0.15	0.07	-0.13	1.05	1.20	0.05	Upgrade
Buildings	-	159.7	159.5	47.75	46.73	49.18	Upgrade
Machinery	-	271.14	257.73	62.01	61.66	58.2	Upgrade
Construction In Progress	-	-	30.88	-	-	-	Upgrade

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