SHA:600538 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	150.77	144.84	155.26	170.86	190.4
Cash & Short-Term Investments	150.77	144.84	155.26	170.86	190.4
Cash Growth	4.09%	-6.71%	-9.13%	-10.27%	-16.31%
Accounts Receivable	254.11	254.08	270.94	272.02	210.43
Other Receivables	2.34	2.15	3.71	2.71	9.24
Receivables	256.45	256.23	274.65	274.74	219.67
Inventory	89.6	82.94	80	84.92	73.19
Prepaid Expenses	1.24	1.04	1.08	1.94	0.01
Other Current Assets	6.62	6.32	8.13	10.8	25.56
Total Current Assets	504.67	491.36	519.12	543.26	508.82
Property, Plant & Equipment	134.69	148.34	118.25	119.11	117.62
Long-Term Investments	104.51	108.65	134.06	141.42	107.31
Goodwill	76.6	138.46	198.67	254.1	254.1
Other Intangible Assets	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	6.87	5.62	4.15	3.96	3.33
Long-Term Deferred Charges	5.86	5.12	6.18	6.05	7.31
Other Long-Term Assets	36.15	36.93	37.6	42.84	51.19
Total Assets	896.82	966.75	1,056	1,142	1,083
Accounts Payable	74.34	72.39	74.01	67.27	59.92
Accrued Expenses	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	1.43	0.58	1.13	1.39	2.14
Current Unearned Revenue	18.6	18.68	20.89	38.29	37.58
Other Current Liabilities	29.42	29.23	46.76	37.63	41.72
Total Current Liabilities	142.92	141.95	168.57	178.29	157.34
Long-Term Debt	20.02	-	-	-	-
Long-Term Leases	31.05	35.43	5.51	2.85	2.57
Long-Term Deferred Tax Liabilities	2.04	1.98	2.14	1.05	0.26
Total Liabilities	196.03	179.36	176.22	182.2	160.16
Common Stock	524.2	524.2	524.2	524.2	524.2
Additional Paid-In Capital	784.89	784.88	784.88	784.88	784.88
Retained Earnings	-620.21	-532.59	-438.74	-356.43	-391.28
Comprehensive Income & Other	-1.1	-1.1	-1.1	-1.1	-1.1
Total Common Equity	687.78	775.39	869.24	951.55	916.7
Minority Interest	13	12	10.07	8.42	5.91
Shareholders' Equity	700.78	787.39	879.3	959.96	922.61
Total Liabilities & Equity	896.82	966.75	1,056	1,142	1,083
Total Debt	55.9	41.6	15.81	14.52	6.46
Net Cash (Debt)	94.87	103.24	139.45	156.34	183.95
Net Cash Growth	-8.11%	-25.97%	-10.80%	-15.01%	-19.14%
Net Cash Per Share	0.18	0.20	0.27	0.31	0.35
Filing Date Shares Outstanding	524.2	524.2	524.2	524.2	524.2
Total Common Shares Outstanding	524.2	524.2	524.2	524.2	524.2
Working Capital	361.74	349.41	350.55	364.97	351.49
Book Value Per Share	1.31	1.48	1.66	1.82	1.75
Tangible Book Value	585.23	609.64	642.79	668.54	632.39
Tangible Book Value Per Share	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.