SHA:600265 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	68.37	70.68	40.28	58.62	27.23	23.31
Trading Asset Securities	-	-	85.15	-	-	-
Cash & Short-Term Investments	68.37	70.68	125.43	58.62	27.23	23.31
Cash Growth	-31.11%	-43.65%	113.97%	115.31%	16.78%	-65.64%
Accounts Receivable	28.24	21.88	105.58	95.77	38.35	47.53
Other Receivables	1.18	1.25	1.93	1.78	3.91	0.61
Receivables	29.43	23.13	107.51	97.56	42.25	48.14
Inventory	153.01	154.64	270.42	255.76	165.96	191.55
Prepaid Expenses	-	-	-	2.22	-	-
Other Current Assets	24.95	24.91	8.86	11.26	1.53	3.72
Total Current Assets	275.75	273.35	512.21	425.41	236.97	266.72
Property, Plant & Equipment	157.62	168.7	323.97	370.1	27.49	28.61
Goodwill	-	-	7.85	91.17	-	-
Other Intangible Assets	13.93	14.25	78.61	89.93	16.7	16.59
Long-Term Deferred Tax Assets	0.36	0.24	-	0.02	0.02	-
Long-Term Deferred Charges	0.49	0.51	0.03	0.04	0.18	0.03
Other Long-Term Assets	-	-	0.3	2.61	-	-
Total Assets	448.15	457.05	922.98	979.28	465.26	311.96
Accounts Payable	31.89	30.91	39.67	18.92	13.99	23.15
Accrued Expenses	9.27	17.91	35.82	32.97	18.88	16.74
Short-Term Debt	-	29.86	59.87	36.5	52.92	-
Current Portion of Long-Term Debt	1.88	-	22.7	22.7	-	-
Current Portion of Leases	-	2.06	1.58	1.89	-	1.24
Current Income Taxes Payable	2.13	0.95	0.04	0.02	0.45	48.68
Current Unearned Revenue	4.97	4.87	6.5	10.44	16.8	25.6
Other Current Liabilities	36.88	10.9	34.99	14.45	12.72	12.73
Total Current Liabilities	87.02	97.47	201.17	137.89	115.76	128.14
Long-Term Debt	-	-	387.69	170.95	183.9	-
Long-Term Leases	2.64	2.79	8.28	12.92	3.24	0.94
Long-Term Unearned Revenue	0.9	0.9	0.9	0.9	0.9	1.18
Long-Term Deferred Tax Liabilities	0.05	0.05	21.97	13.58	0.02	-
Other Long-Term Liabilities	35.5	35.23	58.15	284.89	8.24	9.02
Total Liabilities	126.11	136.43	678.17	621.12	312.06	139.28
Common Stock	129.8	129.8	129.8	129.8	129.8	129.8
Additional Paid-In Capital	837.23	837.23	474.48	471.74	467.27	465.43
Retained Earnings	-758.14	-757.09	-511.51	-438.64	-444.96	-422.68
Comprehensive Income & Other	2.82	2.71	2.34	1.66	1.08	0.13
Total Common Equity	211.71	212.65	95.11	164.57	153.2	172.68
Minority Interest	110.33	107.97	149.71	193.59	-	-
Shareholders' Equity	322.05	320.62	244.82	358.16	153.2	172.68
Total Liabilities & Equity	448.15	457.05	922.98	979.28	465.26	311.96
Total Debt	4.52	34.71	480.13	244.96	240.06	2.18
Net Cash (Debt)	63.85	35.96	-354.7	-186.34	-212.84	21.13
Net Cash Per Share	0.51	0.28	-2.73	-1.47	-1.62	0.16
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	188.73	175.88	311.05	287.53	121.21	138.58
Book Value Per Share	1.63	1.64	0.73	1.27	1.18	1.33
Tangible Book Value	197.78	198.4	8.64	-16.53	136.49	156.08
Tangible Book Value Per Share	1.52	1.53	0.07	-0.13	1.05	1.20
Buildings	-	48.73	159.7	159.5	47.75	46.73
Machinery	-	204.28	271.14	257.73	62.01	61.66
Construction In Progress	-	-	-	30.88	-	-