SHA:600405 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	102.78	129.64	134.91	126.1	223.36	131.83
Trading Asset Securities	2.46	2.56	2.53	1.74	1.92	2.29
Cash & Short-Term Investments	105.25	132.2	137.44	127.85	225.28	134.12
Cash Growth	-59.51%	-3.81%	7.50%	-43.25%	67.97%	-23.28%
Accounts Receivable	387.33	390.31	492.26	640.51	833.17	811.42
Other Receivables	12.39	27.41	27.57	10.76	15.22	16.85
Receivables	399.72	417.72	519.83	651.28	848.39	828.27
Inventory	213.09	207.35	298.99	357.59	427.54	456
Other Current Assets	21.89	13.19	31.15	32.01	23.97	31.85
Total Current Assets	739.94	770.47	987.41	1,169	1,525	1,450
Property, Plant & Equipment	335.73	345.09	489.16	604.22	697.79	768.67
Long-Term Investments	44.45	44.88	9.86	6.3	6.64	6.71
Other Intangible Assets	164.46	171.18	209.52	241.29	204.14	190.01
Long-Term Accounts Receivable	-	-	-	-	23.71	19.39
Long-Term Deferred Tax Assets	32.1	33.14	27.75	23.46	21.78	22.85
Long-Term Deferred Charges	2.53	2.69	24.34	51.77	116.87	96.92
Other Long-Term Assets	10.77	10.51	13.88	25.58	0.9	1.18
Total Assets	1,330	1,378	1,762	2,121	2,597	2,556
Accounts Payable	196.16	212.05	421.31	632.3	830.25	846.68
Accrued Expenses	86.11	141.46	163.71	79.92	63.06	44.52
Short-Term Debt	115.18	108.05	356.14	371.73	428.41	281.45
Current Portion of Long-Term Debt	30.11	-	76.6	43.26	15.85	200.12
Current Portion of Leases	-	34.45	60.49	85.66	64.68	52.3
Current Income Taxes Payable	7.16	0.6	1.83	2.22	1.89	0.34
Current Unearned Revenue	9.52	7.64	29.08	26.34	26.21	39
Other Current Liabilities	730.06	672.61	257.3	107.71	73.27	42.96
Total Current Liabilities	1,174	1,177	1,366	1,349	1,504	1,507
Long-Term Debt	119.57	120.12	-	77.21	113.1	21.51
Long-Term Leases	14.81	23.59	30.51	78.96	80.01	112.32
Long-Term Unearned Revenue	0.94	1.01	1.31	2.68	5.32	7.04
Long-Term Deferred Tax Liabilities	-	-	0.09	0.25	0.29	-
Total Liabilities	1,310	1,322	1,398	1,508	1,702	1,648
Common Stock	612.83	612.83	612.83	553.28	553.28	557.14
Additional Paid-In Capital	640.84	640.84	618.33	503.37	503.37	509.71
Retained Earnings	-1,222	-1,187	-868.77	-453.41	-177.6	-161.19
Treasury Stock	-	-	-	-	-	-10.21
Comprehensive Income & Other	-0.49	-0.42	0.44	0.07	0.16	-0.45
Total Common Equity	31.35	66.62	362.83	603.31	879.2	895
Minority Interest	-10.98	-10.21	0.71	9.79	15.48	12.74
Shareholders' Equity	20.36	56.4	363.55	613.1	894.68	907.74
Total Liabilities & Equity	1,330	1,378	1,762	2,121	2,597	2,556
Total Debt	279.67	286.21	523.75	656.82	702.04	667.7
Net Cash (Debt)	-174.42	-154	-386.31	-528.97	-476.76	-533.58
Net Cash Per Share	-0.28	-0.25	-0.69	-0.96	-0.86	-0.97
Filing Date Shares Outstanding	617.54	612.83	612.83	553.28	553.28	549.26
Total Common Shares Outstanding	617.54	612.83	612.83	553.28	553.28	551.27
Working Capital	-434.36	-406.38	-379.05	-180.42	21.56	-57.11
Book Value Per Share	0.05	0.11	0.59	1.09	1.59	1.62
Tangible Book Value	-133.11	-104.57	153.32	362.02	675.06	704.99
Tangible Book Value Per Share	-0.22	-0.17	0.25	0.65	1.22	1.28
Buildings	-	186.61	315.89	353.73	352.9	348.69
Machinery	-	420.38	464.51	468.97	466.56	450.08
Construction In Progress	-	0.56	0.84	2.43	3.37	4.75

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