SHA:600540 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	1,760	1,705	1,069	871.71	846.36	242.41
Cash & Short-Term Investments	1,760	1,705	1,069	871.71	846.36	242.41
Cash Growth	14.94%	59.55%	22.58%	3.00%	249.14%	150.48%
Accounts Receivable	21.4	25.11	10.93	23.36	29.79	23.1
Other Receivables	34.06	34.89	11.01	33.9	44.84	98.4
Receivables	55.46	60.01	21.94	57.26	74.63	121.5
Inventory	1,400	2,460	1,979	847.66	328.34	1,126
Other Current Assets	1,724	1,906	562.75	244.67	485.34	155.88
Total Current Assets	4,940	6,131	3,632	2,021	1,735	1,645
Property, Plant & Equipment	501.23	510.4	502.6	522.56	411.46	381.47
Long-Term Investments	393.89	390.29	399.1	384.61	356.05	340.25
Other Intangible Assets	133.48	134.75	139.84	126.84	131.33	109.6
Long-Term Deferred Tax Assets	-	-	-	2.64	2.66	2.03
Long-Term Deferred Charges	0.23	0.24	0.3	-	0.03	-
Other Long-Term Assets	8.65	8.78	8.95	7.04	0.65	0.83
Total Assets	5,977	7,175	4,683	3,065	2,637	2,480
Accounts Payable	203.89	171.92	198.79	139.43	75.65	66.94
Accrued Expenses	12.09	14.61	14.16	17.41	290.78	18
Short-Term Debt	4,325	5,697	3,505	1,751	1,219	1,586
Current Portion of Long-Term Debt	10.02	11.21	8.17	4.55	-	-
Current Portion of Leases	-	-	-	-	0.45	0.45
Current Income Taxes Payable	6.82	9.18	0.27	0.43	0.76	1.33
Current Unearned Revenue	439.1	301.6	188.64	85.7	50.5	99.55
Other Current Liabilities	463.5	494.66	132.89	184.75	194.18	172.61
Total Current Liabilities	5,460	6,700	4,048	2,183	1,831	1,945
Long-Term Debt	89.64	88.45	97.53	99.95	23.51	-
Long-Term Leases	0.31	0.31	-	-	0.72	10.91
Long-Term Unearned Revenue	18.81	19.05	21	19.63	17.64	18.7
Other Long-Term Liabilities	14.89	14.89	14.73	0.26	10.61	10.61
Total Liabilities	5,584	6,823	4,181	2,303	1,883	1,985
Common Stock	581.38	581.38	581.38	581.38	581.38	470.92
Additional Paid-In Capital	1,252	1,252	1,252	1,252	1,252	807.9
Retained Earnings	-1,448	-1,490	-1,348	-1,104	-1,045	-767.1
Total Common Equity	384.81	342.99	485.35	729.34	787.82	511.72
Minority Interest	8.62	9.43	16.18	33	-34.45	-16.9
Shareholders' Equity	393.43	352.42	501.53	762.34	753.36	494.83
Total Liabilities & Equity	5,977	7,175	4,683	3,065	2,637	2,480
Total Debt	4,425	5,797	3,611	1,855	1,243	1,597
Net Cash (Debt)	-2,665	-4,092	-2,542	-983.33	-396.98	-1,355
Net Cash Per Share	-4.49	-6.90	-4.37	-1.69	-0.68	-2.88
Filing Date Shares Outstanding	581.62	629.03	581.38	581.38	581.38	581.38
Total Common Shares Outstanding	581.62	629.03	581.38	581.38	581.38	470.92
Working Capital	-520.38	-569.32	-416	-161.52	-96.33	-299.13
Book Value Per Share	0.66	0.55	0.83	1.25	1.36	1.09
Tangible Book Value	251.33	208.24	345.51	602.49	656.48	402.13
Tangible Book Value Per Share	0.43	0.33	0.59	1.04	1.13	0.85
Buildings	-	-	527.62	536.83	438.05	435.69
Machinery	-	-	580.27	574.17	508.31	531.75
Construction In Progress	-	-	8.8	26.54	75.11	6.16

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