SHA:600537 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	255.02	581.58	1,036	3,161	4,232	2,615
Trading Asset Securities	-	-	-	-	-	396.49
Cash & Short-Term Investments	255.02	581.58	1,036	3,161	4,232	3,011
Cash Growth	-78.30%	-43.87%	-67.22%	-25.31%	40.53%	51.05%
Accounts Receivable	599.83	668.06	1,056	1,486	2,108	1,074
Other Receivables	17.11	18.17	32.53	40.47	98.11	15.85
Receivables	616.94	686.23	1,088	1,526	2,206	1,090
Inventory	178.13	187.98	322.54	922.13	1,380	666.96
Prepaid Expenses	-	-	-	-	-	1.04
Other Current Assets	75.15	61	212.87	459.3	437.48	174.77
Total Current Assets	1,125	1,517	2,660	6,068	8,255	4,944
Property, Plant & Equipment	2,664	2,740	3,179	5,102	3,237	2,768
Long-Term Investments	-	-	13.74	12.07	4.56	-
Other Intangible Assets	140.52	141.74	146.33	150.69	124.71	127.72
Long-Term Deferred Tax Assets	6.06	6.44	114.77	130.66	144.86	108.02
Long-Term Deferred Charges	14.25	15.86	30.69	37.2	4.97	6.06
Other Long-Term Assets	7.26	7.79	5.75	8.66	28.69	6.56
Total Assets	3,957	4,428	6,150	11,510	11,799	7,960
Accounts Payable	982.74	400.26	1,280	3,784	4,896	2,528
Accrued Expenses	16.44	53.68	59.32	101.52	222.32	77.62
Short-Term Debt	216.87	244.46	271.45	563.58	339.8	197.64
Current Portion of Long-Term Debt	50.66	183.94	7.22	-	60.08	60.16
Current Portion of Leases	-	20.94	17.19	7.05	156.33	43.01
Current Income Taxes Payable	4.73	1.2	-	0.18	0.94	3.5
Current Unearned Revenue	87.37	104.24	159.18	188.1	928.11	579.26
Other Current Liabilities	30.62	797.7	1,074	1,573	1,136	497.58
Total Current Liabilities	1,389	1,806	2,868	6,217	7,739	3,987
Long-Term Debt	58.31	37.8	222.07	-	-	60
Long-Term Leases	37.29	794.49	748.88	615.5	598.16	629.23
Long-Term Unearned Revenue	60	62.12	64.77	61.54	61.96	67.97
Long-Term Deferred Tax Liabilities	-	-	-	13.03	-	0.22
Other Long-Term Liabilities	2,578	1,817	1,749	1,667	562.8	544.57
Total Liabilities	4,123	4,518	5,653	8,574	8,962	5,289
Common Stock	1,184	1,184	1,186	1,196	1,193	1,176
Additional Paid-In Capital	1,551	1,551	1,539	1,549	1,542	1,512
Retained Earnings	-2,878	-2,813	-2,285	-194.86	-262.45	-390.12
Treasury Stock	-	-	-4.93	-24.38	-32.51	-
Comprehensive Income & Other	-1.61	-1.55	-0.48	-1.1	-0.48	-0.31
Total Common Equity	-145.34	-79.8	434.65	2,524	2,439	2,298
Minority Interest	-20.44	-9.56	63.04	410.76	397.8	373.66
Shareholders' Equity	-165.78	-89.36	497.69	2,935	2,837	2,671
Total Liabilities & Equity	3,957	4,428	6,150	11,510	11,799	7,960
Total Debt	363.14	1,282	1,267	1,186	1,154	990.03
Net Cash (Debt)	-108.12	-700.05	-230.69	1,975	3,077	2,021
Net Cash Growth	-	-	-	-35.83%	52.26%	5.84%
Net Cash Per Share	-0.10	-0.60	-0.20	1.75	2.66	1.71
Filing Date Shares Outstanding	1,184	1,184	1,186	1,196	1,193	1,176
Total Common Shares Outstanding	1,184	1,184	1,186	1,196	1,193	1,176
Working Capital	-264.2	-289.63	-208.14	-148.81	515.57	956.97
Book Value Per Share	-0.12	-0.07	0.37	2.11	2.04	1.95
Tangible Book Value	-285.86	-221.54	288.32	2,374	2,315	2,170
Tangible Book Value Per Share	-0.24	-0.19	0.24	1.98	1.94	1.84
Buildings	-	1,423	1,426	1,384	1,025	986.07
Machinery	-	3,113	3,410	4,724	2,948	2,603
Construction In Progress	-	82.15	115.36	260.95	143.13	11.17

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