SHA:600455 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	285.31	240.77	216.54	298.5	218.56
Cash & Short-Term Investments	285.31	240.77	216.54	298.5	218.56
Cash Growth	18.50%	11.19%	-27.46%	36.58%	-31.91%
Accounts Receivable	0.58	0.34	1.04	3.66	3.56
Other Receivables	1.03	1.39	1.69	1.13	0.82
Receivables	1.62	1.73	2.73	4.79	4.38
Inventory	0.13	0.12	0.35	0.41	0.22
Prepaid Expenses	-	-	-	0	-
Other Current Assets	1.9	0.96	0.6	0.37	8.91
Total Current Assets	288.95	243.58	220.21	304.08	232.07
Property, Plant & Equipment	880.17	689.16	458.26	417.77	430.57
Long-Term Investments	4.67	4.67	5.06	5.06	5.06
Other Intangible Assets	249.23	254.49	259.68	203.2	207.02
Long-Term Deferred Charges	-	2.74	-	-	-
Other Long-Term Assets	1.01	7.7	47.89	1	1
Total Assets	1,424	1,202	991.1	931.11	875.71
Accounts Payable	122.5	104.64	7.08	-	-
Accrued Expenses	32.77	32.98	1.73	1.71	1.52
Short-Term Debt	319.92	311.61	303.45	315.54	307.64
Current Portion of Long-Term Debt	7.16	0.55	-	-	-
Current Unearned Revenue	203.75	191.04	182.11	165.16	152.55
Other Current Liabilities	103.82	114.83	107.97	99.91	103.61
Total Current Liabilities	789.92	755.65	602.33	582.33	565.31
Long-Term Debt	168.86	43.22	-	-	-
Long-Term Unearned Revenue	0.25	-	0.84	-	0.27
Other Long-Term Liabilities	-	-	-	1.7	1.7
Total Liabilities	959.03	798.87	603.17	584.03	567.28
Common Stock	62.46	62.46	62.46	62.46	62.46
Additional Paid-In Capital	145.66	145.66	145.66	145.66	145.66
Retained Earnings	117.01	72.6	60.85	32.47	5.63
Total Common Equity	325.13	280.72	268.97	240.59	213.75
Minority Interest	139.86	122.75	118.96	106.48	94.68
Shareholders' Equity	465	403.47	387.93	347.08	308.43
Total Liabilities & Equity	1,424	1,202	991.1	931.11	875.71
Total Debt	495.94	355.39	303.45	315.54	307.64
Net Cash (Debt)	-210.64	-114.61	-86.91	-17.04	-89.08
Net Cash Per Share	-3.37	-1.84	-1.39	-0.27	-1.43
Filing Date Shares Outstanding	62.46	62.46	62.46	62.46	62.46
Total Common Shares Outstanding	62.46	62.46	62.46	62.46	62.46
Working Capital	-500.97	-512.07	-382.12	-278.25	-333.24
Book Value Per Share	5.21	4.49	4.31	3.85	3.42
Tangible Book Value	75.91	26.23	9.29	37.4	6.73
Tangible Book Value Per Share	1.22	0.42	0.15	0.60	0.11
Buildings	537.9	537.91	535.42	529.29	529.29
Machinery	121.44	116.42	113.88	113.11	110.89
Construction In Progress	484.87	284.71	44.57	1.78	1

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