SHA:600539 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	110.31	133.42	100.03	95.18	175.65	230.57
Short-Term Investments	-	-	-	-	-	0
Trading Asset Securities	20	0.6	69.07	100.15	141.14	60
Cash & Short-Term Investments	130.31	134.02	169.09	195.33	316.79	290.57
Cash Growth	-32.53%	-20.74%	-13.43%	-38.34%	9.02%	-8.66%
Accounts Receivable	21.2	32.82	40.51	38.01	67.56	52.29
Other Receivables	7.32	4.06	6.22	22.98	6.8	7.75
Receivables	28.53	36.88	46.73	60.99	74.35	60.04
Inventory	158.43	181.83	153.24	158.72	112.19	131.56
Prepaid Expenses	-	0.51	0.31	0.26	0.03	0.54
Other Current Assets	74.59	45.75	16.41	51.01	40.13	40.13
Total Current Assets	391.85	398.99	385.78	466.31	543.49	522.84
Property, Plant & Equipment	18.62	19.78	26.38	24.09	29.54	37.7
Long-Term Investments	3	3	3.01	2.69	17.99	14.25
Goodwill	37.69	37.69	50.67	50.67	76.21	76.21
Other Intangible Assets	1.76	1.83	1.84	2.17	1.15	0.15
Long-Term Deferred Tax Assets	9.79	10.03	8.25	8.16	4.82	2.41
Long-Term Deferred Charges	1.1	1.2	1.52	1.95	2.52	2.95
Other Long-Term Assets	-	-	-	0.03	28.51	16.45
Total Assets	463.82	472.52	477.45	556.06	704.22	672.95
Accounts Payable	21.95	26.11	19.28	23.22	15.36	15.81
Accrued Expenses	6.95	12.46	11.28	13.14	22.33	13.15
Short-Term Debt	54.05	59.05	36.36	35.07	44.27	44.47
Current Portion of Long-Term Debt	3	-	-	-	-	-
Current Portion of Leases	-	3.35	4.18	2.1	4.1	6.05
Current Income Taxes Payable	3.34	0.8	0.92	1.12	8.03	11.62
Current Unearned Revenue	5.59	3.92	5.1	25.86	2.41	12.01
Other Current Liabilities	5.1	5.13	8.15	17.24	6.64	15.51
Total Current Liabilities	99.97	110.84	85.27	117.75	103.13	118.61
Long-Term Leases	4.21	4.51	8.62	6.17	7.21	13.5
Long-Term Unearned Revenue	0.4	0.44	0.61	0.77	0.92	-
Long-Term Deferred Tax Liabilities	0	0.04	4.08	3.13	4.27	6.05
Total Liabilities	104.58	115.83	98.58	127.82	115.54	138.17
Common Stock	230	230	230	230	230	230
Additional Paid-In Capital	523.08	523.08	523.08	523.31	544.52	546.54
Retained Earnings	-452.6	-453.12	-431.28	-401.66	-324.07	-341.59
Total Common Equity	300.48	299.96	321.8	351.65	450.45	434.95
Minority Interest	58.75	56.73	57.06	76.59	138.23	99.83
Shareholders' Equity	359.23	356.68	378.86	428.24	588.68	534.78
Total Liabilities & Equity	463.82	472.52	477.45	556.06	704.22	672.95
Total Debt	61.26	66.92	49.17	43.34	55.59	64.03
Net Cash (Debt)	69.06	67.1	119.92	151.99	261.2	226.55
Net Cash Growth	-50.18%	-44.05%	-21.10%	-41.81%	15.30%	-26.95%
Net Cash Per Share	0.29	0.28	0.53	0.67	1.19	0.94
Filing Date Shares Outstanding	228.81	230	230	230	230	230
Total Common Shares Outstanding	228.81	230	230	230	230	230
Working Capital	291.88	288.15	300.52	348.56	440.36	404.23
Book Value Per Share	1.31	1.30	1.40	1.53	1.96	1.89
Tangible Book Value	261.04	260.44	269.29	298.81	373.09	358.6
Tangible Book Value Per Share	1.14	1.13	1.17	1.30	1.62	1.56
Buildings	-	10.4	10.4	10.4	10.4	10.4
Machinery	-	13.12	13.26	13.74	13.98	12.39

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