SHA:600365 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	10.22	12.7	8.14	26.28	18.07	11.74
Trading Asset Securities	-	-	-	4.33	-	-
Cash & Short-Term Investments	10.22	12.7	8.14	30.61	18.07	11.74
Cash Growth	-60.55%	55.99%	-73.40%	69.37%	53.93%	-92.22%
Accounts Receivable	139.7	148.23	250.14	152.81	209.43	127.68
Other Receivables	16.54	13.37	11.58	14.07	17.75	12.22
Receivables	156.23	161.6	261.72	166.88	227.18	139.9
Inventory	211.98	232.41	227.41	202.75	262.77	262.01
Other Current Assets	103.98	115.11	165.45	165.59	94.69	92.72
Total Current Assets	482.42	521.82	662.72	565.82	602.72	506.37
Property, Plant & Equipment	159.83	159.84	173.89	186.49	198.13	212.73
Long-Term Investments	70.52	70.52	80.75	80.75	80.75	77.7
Goodwill	36.15	36.15	36.15	36.15	36.15	36.15
Other Intangible Assets	18.35	18.54	19.25	20.05	20.5	20.71
Long-Term Deferred Tax Assets	1.27	1.27	0.94	1.77	2.05	0.86
Long-Term Deferred Charges	0.59	0.46	1.38	1.64	2.25	2.28
Other Long-Term Assets	1.31	1.23	1.14	2.07	3.4	0.78
Total Assets	770.43	809.82	976.23	894.74	945.94	857.58
Accounts Payable	57.63	46.76	50.29	41.11	42.46	26.61
Accrued Expenses	3.15	1.47	25.05	22.74	36.9	29.95
Short-Term Debt	15	15	310.93	214.22	237.34	182.3
Current Portion of Long-Term Debt	2.35	0.69	-	2.25	9.27	8.5
Current Portion of Leases	-	-	2.68	3.45	4.47	3.25
Current Income Taxes Payable	23.26	28.24	14.3	18.73	21.35	18.84
Current Unearned Revenue	11.29	7.58	13.2	8.76	9.35	6.77
Other Current Liabilities	307.56	352.96	108.75	126.26	137.51	129.3
Total Current Liabilities	420.23	452.7	525.2	437.52	498.64	405.52
Long-Term Debt	-	-	-	-	3.3	5.94
Long-Term Leases	0.61	-	-	2.84	6.03	9.46
Long-Term Unearned Revenue	1.13	1.17	1.31	1.46	1.6	1.75
Long-Term Deferred Tax Liabilities	0.28	0.28	-	0.11	0.03	-
Other Long-Term Liabilities	128.27	126.45	162.09	144.71	104.19	70
Total Liabilities	550.53	580.6	688.6	586.64	613.78	492.66
Common Stock	454.03	454.03	427.4	427.4	425.4	400
Additional Paid-In Capital	460.97	458.72	404.47	394.19	365.92	314.93
Retained Earnings	-619.33	-607.81	-524.39	-474.51	-401.67	-350.02
Treasury Stock	-75.44	-75.44	-19.7	-39.13	-57.66	-
Total Common Equity	220.24	229.5	287.78	307.95	332	364.91
Minority Interest	-0.33	-0.28	-0.15	0.16	0.16	-0
Shareholders' Equity	219.91	229.22	287.63	308.1	332.15	364.91
Total Liabilities & Equity	770.43	809.82	976.23	894.74	945.94	857.58
Total Debt	17.96	15.69	313.61	222.76	260.4	209.45
Net Cash (Debt)	-7.74	-2.99	-305.47	-192.16	-242.33	-197.71
Net Cash Per Share	-0.02	-0.01	-0.73	-0.45	-0.61	-0.53
Filing Date Shares Outstanding	460.68	466.75	427.4	427.4	425.4	400
Total Common Shares Outstanding	460.68	466.75	427.4	427.4	425.4	400
Working Capital	62.18	69.12	137.53	128.3	104.08	100.85
Book Value Per Share	0.48	0.49	0.67	0.72	0.78	0.91
Tangible Book Value	165.74	174.81	232.38	251.75	275.35	308.06
Tangible Book Value Per Share	0.36	0.37	0.54	0.59	0.65	0.77
Buildings	-	-	261.28	261.06	260.52	259.7
Machinery	-	-	87.48	84.18	81.1	80.81
Construction In Progress	-	-	1.01	1.01	1.38	0.88

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.