SHA:600397 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	92.86	82.52	695.26	845.82	1,245	1,219
Cash & Short-Term Investments	92.86	82.52	695.26	845.82	1,245	1,219
Cash Growth	-83.44%	-88.13%	-17.80%	-32.08%	2.19%	9.93%
Accounts Receivable	88.1	124.32	942.71	1,956	2,414	944.02
Other Receivables	25.36	25.08	114.81	208.28	227.48	618.92
Receivables	113.46	149.4	1,058	2,165	2,642	1,563
Inventory	393.32	353.87	430.45	65.28	62.22	81.22
Prepaid Expenses	-	-	-	0	0	0.03
Other Current Assets	3.75	1.23	32.03	88.43	251.22	344.38
Total Current Assets	603.38	587.02	2,215	3,164	4,200	3,207
Property, Plant & Equipment	173.59	174.64	3,689	4,081	4,013	4,002
Long-Term Investments	-	-	117.9	121.71	120.27	119.41
Other Intangible Assets	8.96	9.03	402.13	470.2	492.86	516.37
Long-Term Accounts Receivable	-	-	12.79	14.47	12.83	19.2
Long-Term Deferred Tax Assets	13.41	13.39	41.76	33.81	36.2	33.68
Long-Term Deferred Charges	-	-	9.13	11.13	11.92	14.23
Other Long-Term Assets	58.91	60.19	151.43	-	0.28	-
Total Assets	858.25	844.27	6,640	7,897	8,888	7,912
Accounts Payable	59.75	82.46	691.19	1,082	1,426	2,095
Accrued Expenses	19.89	20.52	118.19	119.23	137.79	129.67
Short-Term Debt	116.09	116.07	3,228	3,850	4,109	2,890
Current Portion of Long-Term Debt	-	-	54.44	76.21	45.36	45.38
Current Portion of Leases	-	-	137.8	142.65	187.36	156.61
Current Income Taxes Payable	3.72	5.54	8.04	1.52	4.05	10.69
Current Unearned Revenue	207.68	162.23	231.75	24.56	33.12	46.6
Other Current Liabilities	41.26	52.37	605.04	1,197	1,394	653.53
Total Current Liabilities	448.39	439.19	5,074	6,493	7,337	6,027
Long-Term Debt	-	-	95.95	124.53	157.9	202.95
Long-Term Leases	-	-	700.67	734.23	730.11	917.74
Long-Term Unearned Revenue	4.64	4.86	166.09	167.17	168.17	174.11
Long-Term Deferred Tax Liabilities	0.06	0.06	24.58	-	-	-
Other Long-Term Liabilities	6	5.77	16.82	19.51	22.86	25.77
Total Liabilities	459.09	449.88	6,078	7,538	8,416	7,347
Common Stock	989.96	989.96	989.96	989.96	989.96	989.96
Additional Paid-In Capital	2,097	2,055	1,952	1,863	1,863	1,863
Retained Earnings	-2,896	-2,897	-2,606	-2,449	-2,335	-2,259
Comprehensive Income & Other	1.49	44.08	149.02	63.34	63.17	84.95
Total Common Equity	193.06	191.45	484.75	467.29	580.91	679.25
Minority Interest	206.1	202.93	76.55	-108.7	-109.11	-114.85
Shareholders' Equity	399.16	394.39	561.3	358.59	471.8	564.4
Total Liabilities & Equity	858.25	844.27	6,640	7,897	8,888	7,912
Total Debt	116.09	116.07	4,217	4,928	5,230	4,212
Net Cash (Debt)	-23.23	-33.56	-3,521	-4,082	-3,984	-2,994
Net Cash Per Share	-0.02	-0.03	-3.50	-4.13	-4.02	-3.02
Filing Date Shares Outstanding	1,025	989.96	989.96	989.96	989.96	989.96
Total Common Shares Outstanding	1,025	989.96	989.96	989.96	989.96	989.96
Working Capital	154.99	147.83	-2,859	-3,329	-3,137	-2,820
Book Value Per Share	0.19	0.19	0.49	0.47	0.59	0.69
Tangible Book Value	184.1	182.42	82.62	-2.91	88.05	162.88
Tangible Book Value Per Share	0.18	0.18	0.08	-0.00	0.09	0.16
Buildings	-	173.84	3,072	3,351	3,286	3,193
Machinery	-	102.53	1,889	2,324	2,259	2,206
Construction In Progress	-	3.21	41.22	143.92	80.49	85.1

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