SHA:600391 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	314.1	581.51	303.35	617.51	328.6	259.92
Short-Term Investments	-	-	-	4.79	-	-
Cash & Short-Term Investments	314.1	581.51	303.35	622.3	328.6	259.92
Cash Growth	124.17%	91.70%	-51.25%	89.38%	26.42%	-48.67%
Accounts Receivable	2,253	2,390	2,344	1,284	1,046	941.62
Other Receivables	5.34	64.18	33.03	5.55	2.28	38.74
Receivables	2,258	2,454	2,377	1,290	1,048	980.36
Inventory	2,594	2,428	2,906	2,921	2,674	2,695
Prepaid Expenses	-	-	-	-	2.78	1.62
Other Current Assets	125.31	104.72	235.68	165.71	101.96	92.77
Total Current Assets	5,292	5,569	5,822	4,999	4,156	4,030
Property, Plant & Equipment	2,499	2,519	2,108	1,983	2,014	2,075
Other Intangible Assets	160.2	159.91	119.3	120.86	109.9	100.86
Long-Term Deferred Tax Assets	97.11	101.78	56.85	24.09	36.25	13.46
Other Long-Term Assets	201.89	184.74	90.93	5.2	95.05	73.03
Total Assets	8,250	8,534	8,197	7,132	6,411	6,292
Accounts Payable	3,009	3,285	2,961	3,274	2,524	2,452
Accrued Expenses	75.93	78.11	75.2	130.16	179.51	52.97
Short-Term Debt	1,101	680.43	1,430	348.08	332.36	365.34
Current Portion of Long-Term Debt	264.01	421.35	8.29	152.1	430.45	370.66
Current Portion of Leases	-	124.47	132.51	12.45	91.34	80.63
Current Income Taxes Payable	21.25	5.59	7.24	-	6.18	4.79
Current Unearned Revenue	26.13	28.02	32.88	62.51	75.3	111.45
Other Current Liabilities	65.41	65.44	39.69	49.44	48.31	62.89
Total Current Liabilities	4,562	4,688	4,687	4,029	3,687	3,501
Long-Term Debt	120	267.3	600.5	436.95	161.8	467.8
Long-Term Leases	380.28	410.9	109.45	12.8	23.61	110.91
Long-Term Unearned Revenue	82.06	78.38	70.7	84.07	91.55	96.43
Long-Term Deferred Tax Liabilities	93.1	97.89	54.22	20.43	18.73	2.03
Other Long-Term Liabilities	23.15	15.39	24.13	17.16	235.74	101.78
Total Liabilities	5,261	5,558	5,546	4,600	4,219	4,280
Common Stock	330.13	330.13	330.13	330.13	330.13	330.13
Additional Paid-In Capital	1,092	1,092	1,027	1,027	1,009	1,013
Retained Earnings	310.98	322.32	261.45	192.65	144.5	97.17
Comprehensive Income & Other	41.41	40.93	40.61	46.01	51.82	42.17
Total Common Equity	1,774	1,785	1,659	1,595	1,535	1,483
Minority Interest	1,215	1,191	992.13	936.85	656.99	529.9
Shareholders' Equity	2,989	2,976	2,651	2,532	2,192	2,013
Total Liabilities & Equity	8,250	8,534	8,197	7,132	6,411	6,292
Total Debt	1,865	1,904	2,281	962.38	1,040	1,395
Net Cash (Debt)	-1,551	-1,323	-1,977	-340.08	-710.97	-1,135
Net Cash Per Share	-4.55	-3.91	-6.04	-1.06	-2.13	-3.20
Filing Date Shares Outstanding	333.76	330.13	330.13	330.13	330.13	330.13
Total Common Shares Outstanding	333.76	330.13	330.13	330.13	330.13	330.13
Working Capital	729.93	880.46	1,135	970.38	468.48	528.75
Book Value Per Share	5.32	5.41	5.02	4.83	4.65	4.49
Tangible Book Value	1,614	1,625	1,539	1,475	1,425	1,382
Tangible Book Value Per Share	4.84	4.92	4.66	4.47	4.32	4.19
Buildings	-	1,265	1,203	1,188	1,162	1,198
Machinery	-	2,794	2,625	2,563	2,241	1,980
Construction In Progress	-	172.97	104.36	83.29	201.02	166.1

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