SHA:600405 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	129.64	134.91	126.1	223.36	131.83
Trading Asset Securities	2.56	2.53	1.74	1.92	2.29
Cash & Short-Term Investments	132.2	137.44	127.85	225.28	134.12
Cash Growth	-3.81%	7.50%	-43.25%	67.97%	-23.28%
Accounts Receivable	390.31	492.26	640.51	833.17	811.42
Other Receivables	14.08	10.73	10.76	15.22	16.85
Receivables	404.39	502.99	651.28	848.39	828.27
Inventory	207.35	298.99	357.59	427.54	456
Other Current Assets	26.52	47.99	32.01	23.97	31.85
Total Current Assets	770.47	987.41	1,169	1,525	1,450
Property, Plant & Equipment	345.09	489.16	604.22	697.79	768.67
Long-Term Investments	44.88	9.86	6.3	6.64	6.71
Other Intangible Assets	171.18	209.52	241.29	204.14	190.01
Long-Term Accounts Receivable	-	13.78	21.32	23.71	19.39
Long-Term Deferred Tax Assets	33.14	27.75	23.46	21.78	22.85
Long-Term Deferred Charges	2.69	24.34	51.77	116.87	96.92
Other Long-Term Assets	10.51	0.1	4.27	0.9	1.18
Total Assets	1,378	1,762	2,121	2,597	2,556
Accounts Payable	215.88	432.08	632.3	830.25	846.68
Accrued Expenses	103.23	163.71	79.92	63.06	44.52
Short-Term Debt	108.05	345.37	371.73	428.41	281.45
Current Portion of Long-Term Debt	34.45	76.6	43.26	15.85	200.12
Current Portion of Leases	-	60.49	85.66	64.68	52.3
Current Income Taxes Payable	11.3	1.83	2.22	1.89	0.34
Current Unearned Revenue	7.64	29.08	26.34	26.21	39
Other Current Liabilities	696.3	257.3	107.71	73.27	42.96
Total Current Liabilities	1,177	1,366	1,349	1,504	1,507
Long-Term Debt	120.12	-	77.21	113.1	21.51
Long-Term Leases	11.33	30.51	78.96	80.01	112.32
Long-Term Unearned Revenue	1.01	1.31	2.68	5.32	7.04
Long-Term Deferred Tax Liabilities	-	0.09	0.25	0.29	-
Other Long-Term Liabilities	12.27	-	-	-	-
Total Liabilities	1,322	1,398	1,508	1,702	1,648
Common Stock	612.83	612.83	553.28	553.28	557.14
Additional Paid-In Capital	640.84	618.33	503.37	503.37	509.71
Retained Earnings	-1,187	-868.77	-453.41	-177.6	-161.19
Treasury Stock	-	-	-	-	-10.21
Comprehensive Income & Other	-0.42	0.44	0.07	0.16	-0.45
Total Common Equity	66.62	362.83	603.31	879.2	895
Minority Interest	-10.21	0.71	9.79	15.48	12.74
Shareholders' Equity	56.4	363.55	613.1	894.68	907.74
Total Liabilities & Equity	1,378	1,762	2,121	2,597	2,556
Total Debt	273.94	512.98	656.82	702.04	667.7
Net Cash (Debt)	-141.74	-375.54	-528.97	-476.76	-533.58
Net Cash Per Share	-0.23	-0.67	-0.96	-0.86	-0.97
Filing Date Shares Outstanding	609.41	612.83	553.28	553.28	549.26
Total Common Shares Outstanding	609.41	612.83	553.28	553.28	551.27
Working Capital	-406.38	-379.05	-180.42	21.56	-57.11
Book Value Per Share	0.11	0.59	1.09	1.59	1.62
Tangible Book Value	-104.57	153.32	362.02	675.06	704.99
Tangible Book Value Per Share	-0.17	0.25	0.65	1.22	1.28
Buildings	-	315.89	353.73	352.9	348.69
Machinery	-	464.51	468.97	466.56	450.08
Construction In Progress	-	0.84	2.43	3.37	4.75

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