SHA:600439 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	266.81	441.17	719.05	607.91	729.22	326.99
Cash & Short-Term Investments	266.81	441.17	719.05	607.91	729.22	326.99
Cash Growth	-59.49%	-38.65%	18.28%	-16.64%	123.01%	-15.20%
Accounts Receivable	235.21	208.87	228.63	230.75	292.26	256.09
Other Receivables	33.5	30.12	28.62	360.92	54.08	46.4
Receivables	268.71	238.99	257.25	591.67	346.34	302.49
Inventory	2,896	2,952	3,182	3,205	3,234	3,227
Prepaid Expenses	-	5.41	3	3.03	2.36	0.59
Other Current Assets	22.83	15.69	35.59	27.99	51.77	31.05
Total Current Assets	3,454	3,653	4,197	4,436	4,364	3,888
Property, Plant & Equipment	506.66	514.82	548.93	570.56	566.7	572.38
Long-Term Investments	31.31	31.05	30.32	33.13	61.41	74.95
Goodwill	-	-	-	15.86	15.86	15.86
Other Intangible Assets	166.22	167.54	169.28	178.55	182.85	187.64
Long-Term Deferred Tax Assets	29.89	29.58	36.55	42.86	44.07	50.01
Long-Term Deferred Charges	5.06	5.31	4.74	3.9	7.5	12.75
Other Long-Term Assets	0.39	0.38	2.52	8.86	11.34	11.54
Total Assets	4,194	4,402	4,989	5,289	5,254	4,813
Accounts Payable	104.1	115.02	89.94	53.96	42.55	69.43
Accrued Expenses	46.35	49.95	47.53	62.45	77.11	122.54
Short-Term Debt	1,140	1,471	1,620	1,561	1,405	1,311
Current Portion of Long-Term Debt	-	159.6	438.3	376.9	300	30
Current Income Taxes Payable	-	0.95	1.74	0.73	-	0.4
Current Unearned Revenue	13.71	15.61	22.65	13.62	17.43	23.21
Other Current Liabilities	211.67	51.76	52.55	27.03	44.26	89.15
Total Current Liabilities	1,516	1,864	2,272	2,096	1,886	1,646
Long-Term Debt	145	-	75	419.2	528.3	360
Long-Term Leases	10.77	11.43	14.07	16.07	10.37	17.37
Long-Term Deferred Tax Liabilities	0.24	0.24	0.86	1.11	0.29	-
Other Long-Term Liabilities	-	-	-	0.06	0.06	0.06
Total Liabilities	1,672	1,876	2,362	2,533	2,425	2,023
Common Stock	1,132	1,132	1,132	1,132	1,132	1,132
Additional Paid-In Capital	249.39	249.39	249.39	249.39	249.39	249.22
Retained Earnings	1,713	1,709	1,791	1,920	1,908	1,873
Comprehensive Income & Other	-576.26	-568.61	-549.65	-548.74	-464.33	-467.86
Total Common Equity	2,518	2,522	2,623	2,752	2,825	2,787
Minority Interest	3.8	3.85	4.1	4.47	4.13	3.38
Shareholders' Equity	2,522	2,526	2,627	2,757	2,829	2,790
Total Liabilities & Equity	4,194	4,402	4,989	5,289	5,254	4,813
Total Debt	1,296	1,642	2,147	2,374	2,243	1,718
Net Cash (Debt)	-1,029	-1,201	-1,428	-1,766	-1,514	-1,391
Net Cash Per Share	-0.88	-1.03	-1.21	-1.44	-1.34	-1.23
Filing Date Shares Outstanding	1,127	1,132	1,132	1,132	1,132	1,132
Total Common Shares Outstanding	1,127	1,132	1,132	1,132	1,132	1,132
Working Capital	1,938	1,789	1,924	2,340	2,478	2,243
Book Value Per Share	2.23	2.23	2.32	2.43	2.50	2.46
Tangible Book Value	2,352	2,354	2,453	2,558	2,626	2,583
Tangible Book Value Per Share	2.09	2.08	2.17	2.26	2.32	2.28
Buildings	-	668.84	672.09	663.72	651.92	632.35
Machinery	-	348.76	330.93	341.71	334.15	327.75
Construction In Progress	-	-	18.65	12.76	9.94	4.31

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