SHA:600538 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	122.88	150.77	144.84	155.26	170.86	190.4
Cash & Short-Term Investments	122.88	150.77	144.84	155.26	170.86	190.4
Cash Growth	-4.19%	4.09%	-6.71%	-9.13%	-10.27%	-16.31%
Accounts Receivable	276.38	254.11	254.08	270.94	272.02	210.43
Other Receivables	3.03	2.34	2.15	3.71	2.71	9.24
Receivables	279.41	256.45	256.23	274.65	274.74	219.67
Inventory	85.94	89.6	82.94	80	84.92	73.19
Prepaid Expenses	-	1.24	1.04	1.08	1.94	0.01
Other Current Assets	6.75	6.62	6.32	8.13	10.8	25.56
Total Current Assets	494.98	504.67	491.36	519.12	543.26	508.82
Property, Plant & Equipment	130.26	134.69	148.34	118.25	119.11	117.62
Long-Term Investments	98.68	104.51	108.65	134.06	141.42	107.31
Goodwill	76.6	76.6	138.46	198.67	254.1	254.1
Other Intangible Assets	25.65	25.95	27.29	27.78	28.91	30.22
Long-Term Accounts Receivable	-	1.52	4.98	9.72	2.52	2.88
Long-Term Deferred Tax Assets	6.89	6.87	5.62	4.15	3.96	3.33
Long-Term Deferred Charges	5.44	5.86	5.12	6.18	6.05	7.31
Other Long-Term Assets	36.9	36.15	36.93	37.6	42.84	51.19
Total Assets	875.4	896.82	966.75	1,056	1,142	1,083
Accounts Payable	75.11	74.34	72.39	74.01	67.27	59.92
Accrued Expenses	4.35	14.3	14.89	15.47	22.04	12.09
Short-Term Debt	-	-	0.95	7.34	10	1
Current Portion of Leases	-	4.83	5.22	2.96	1.67	2.89
Current Income Taxes Payable	4.36	1.43	0.58	1.13	1.39	2.14
Current Unearned Revenue	15.69	18.6	18.68	20.89	38.29	37.58
Other Current Liabilities	24.84	29.42	29.23	46.76	37.63	41.72
Total Current Liabilities	128.2	142.92	141.95	168.57	178.29	157.34
Long-Term Debt	20	20.02	-	-	-	-
Long-Term Leases	31.33	31.05	35.43	5.51	2.85	2.57
Long-Term Deferred Tax Liabilities	2.04	2.04	1.98	2.14	1.05	0.26
Total Liabilities	181.58	196.03	179.36	176.22	182.2	160.16
Common Stock	524.2	524.2	524.2	524.2	524.2	524.2
Additional Paid-In Capital	784.89	784.89	784.88	784.88	784.88	784.88
Retained Earnings	-627.76	-620.21	-532.59	-438.74	-356.43	-391.28
Comprehensive Income & Other	-1.1	-1.1	-1.1	-1.1	-1.1	-1.1
Total Common Equity	680.23	687.78	775.39	869.24	951.55	916.7
Minority Interest	13.6	13	12	10.07	8.42	5.91
Shareholders' Equity	693.82	700.78	787.39	879.3	959.96	922.61
Total Liabilities & Equity	875.4	896.82	966.75	1,056	1,142	1,083
Total Debt	55.19	55.9	41.6	15.81	14.52	6.46
Net Cash (Debt)	67.68	94.87	103.24	139.45	156.34	183.95
Net Cash Growth	-23.47%	-8.11%	-25.97%	-10.80%	-15.01%	-19.14%
Net Cash Per Share	0.11	0.18	0.20	0.27	0.31	0.35
Filing Date Shares Outstanding	754.97	524.2	524.2	524.2	524.2	524.2
Total Common Shares Outstanding	754.97	524.2	524.2	524.2	524.2	524.2
Working Capital	366.77	361.74	349.41	350.55	364.97	351.49
Book Value Per Share	0.90	1.31	1.48	1.66	1.82	1.75
Tangible Book Value	577.97	585.23	609.64	642.79	668.54	632.39
Tangible Book Value Per Share	0.77	1.12	1.16	1.23	1.28	1.21
Buildings	-	131.26	131.26	130.11	129.91	120.3
Machinery	-	134.57	138.09	133.43	131.06	126.39
Construction In Progress	-	2.16	1.96	4.82	-	-

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