SHA:600293 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	292.26	374.25	363.91	480.33	518	512.14
Short-Term Investments	-	-	-	-	-	70
Trading Asset Securities	0.92	1.42	0.22	0.5	-	-
Cash & Short-Term Investments	293.18	375.67	364.12	480.83	518	582.14
Cash Growth	-1.59%	3.17%	-24.27%	-7.18%	-11.02%	217.29%
Accounts Receivable	436.44	554.13	124.02	135.79	104.27	123.34
Other Receivables	71.95	50.46	48.76	44.43	73.38	120.92
Receivables	508.38	604.59	172.78	180.22	177.64	245.37
Inventory	255.98	199.91	173.29	145.78	234.24	186.44
Prepaid Expenses	-	-	8.76	31.79	-	1.59
Other Current Assets	46.09	47.15	12.65	33.67	151.53	205.53
Total Current Assets	1,104	1,227	731.59	872.28	1,081	1,221
Property, Plant & Equipment	1,912	1,939	1,921	1,966	1,936	1,854
Long-Term Investments	233.23	153.23	136.48	122.42	124.63	130.02
Goodwill	54.38	54.38	56.25	56.88	56.88	69.62
Other Intangible Assets	188.1	189.93	197.48	204.29	181.31	100.63
Long-Term Deferred Tax Assets	207.84	207.82	250.4	252.72	258.29	291.79
Long-Term Deferred Charges	36.02	32.01	15.59	14.4	10.69	12.27
Other Long-Term Assets	5.21	6.73	30.77	34.85	28.1	82.31
Total Assets	3,740	3,810	3,339	3,524	3,678	3,762
Accounts Payable	240.03	275.78	429.07	581.6	746.63	312.65
Accrued Expenses	13.79	24.44	38.22	49.84	44.47	167.77
Short-Term Debt	506.02	490.51	328.93	388.19	359.83	614.27
Current Portion of Long-Term Debt	17.31	37.04	179	19.81	20.81	16
Current Portion of Leases	-	-	-	0.88	0.81	0.75
Current Income Taxes Payable	29.26	34.31	3.75	10.54	10.12	10.99
Current Unearned Revenue	49.38	25.96	18.86	33.99	68.08	79.45
Other Current Liabilities	409.28	524.81	127.17	138.88	176.86	182.77
Total Current Liabilities	1,265	1,413	1,125	1,224	1,428	1,385
Long-Term Debt	280.38	226.2	44.32	185	185.8	-
Long-Term Leases	-	-	-	6.34	7.22	8.04
Long-Term Unearned Revenue	108.8	109.95	139.33	105.37	84.37	42.39
Long-Term Deferred Tax Liabilities	16.96	17	14.67	14.38	15.14	14.26
Other Long-Term Liabilities	231.33	181.33	142.89	144.7	149.78	178.06
Total Liabilities	1,903	1,947	1,466	1,680	1,870	1,627
Common Stock	1,160	1,160	1,160	1,160	1,160	1,160
Additional Paid-In Capital	2,043	2,043	2,042	2,042	2,042	2,042
Retained Earnings	-1,589	-1,564	-1,534	-1,546	-1,590	-1,297
Comprehensive Income & Other	91.29	91.14	76.18	63.18	64.91	67.51
Total Common Equity	1,705	1,730	1,744	1,719	1,676	1,972
Minority Interest	132.34	133.02	128.99	125.54	131.4	161.88
Shareholders' Equity	1,837	1,863	1,873	1,844	1,808	2,134
Total Liabilities & Equity	3,740	3,810	3,339	3,524	3,678	3,762
Total Debt	803.7	753.76	552.25	600.22	574.48	639.06
Net Cash (Debt)	-510.52	-378.09	-188.13	-119.39	-56.48	-56.91
Net Cash Per Share	-0.48	-0.37	-0.15	-0.11	-0.05	-0.05
Filing Date Shares Outstanding	1,248	464.19	1,160	1,160	1,160	1,160
Total Common Shares Outstanding	1,248	464.19	1,160	1,160	1,160	1,160
Working Capital	-161.44	-185.53	-393.41	-351.44	-346.21	-163.57
Book Value Per Share	1.37	3.73	1.50	1.48	1.44	1.70
Tangible Book Value	1,463	1,486	1,490	1,457	1,438	1,802
Tangible Book Value Per Share	1.17	3.20	1.28	1.26	1.24	1.55
Buildings	-	-	853.4	856.73	761.11	817.73
Machinery	-	-	1,889	1,865	1,550	1,601
Construction In Progress	-	-	144.85	39.78	266.41	245.87

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