SHA:600589 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	200.03	167.85	173.93	1,162	152.84	45.62
Trading Asset Securities	-	0.03	-	-	-	-
Cash & Short-Term Investments	200.03	167.88	173.93	1,162	152.84	45.62
Cash Growth	59.34%	-3.48%	-85.03%	660.21%	235.02%	-93.65%
Accounts Receivable	105.21	65.11	53.03	61.07	119.71	476.71
Other Receivables	13.78	13.77	35.92	52.72	114.05	421.44
Receivables	118.99	78.88	88.95	113.79	233.76	898.14
Inventory	-	-	-	-	-	92.03
Other Current Assets	333.04	241.36	139.84	28.15	0.86	175.2
Total Current Assets	652.07	488.12	402.73	1,304	387.46	1,211
Property, Plant & Equipment	2,285	1,907	537.69	196.95	190.13	266.68
Goodwill	125.91	125.91	125.91	43.28	64.49	64.49
Other Intangible Assets	166.09	167.27	182.7	207.63	217.22	229.89
Long-Term Deferred Tax Assets	44.59	44.89	46.28	5.12	0.8	0.02
Long-Term Deferred Charges	305.24	310.88	333.49	21.78	32.27	25.79
Other Long-Term Assets	51.58	52.43	49.3	180.76	218.04	58.6
Total Assets	3,630	3,097	1,678	1,959	1,110	1,856
Accounts Payable	619.18	505.78	145.25	102.48	109.69	222.8
Accrued Expenses	2.97	9.86	21.65	44.03	191.63	71.92
Short-Term Debt	110.1	82.08	55.01	-	1,081	1,041
Current Portion of Long-Term Debt	234.42	167.03	42.3	25	63.2	118.06
Current Portion of Leases	-	-	10.21	6.38	3.95	23.35
Current Income Taxes Payable	9.6	8.25	1.14	0.09	0.02	0.17
Current Unearned Revenue	5.01	5.86	6.67	5.41	3.89	21.11
Other Current Liabilities	273.81	240.63	172.39	860.42	8.28	18.32
Total Current Liabilities	1,255	1,019	454.62	1,044	1,462	1,517
Long-Term Debt	907.9	643.4	-	251.9	255.83	225
Long-Term Leases	158.26	165.21	174.5	19.32	1.08	2.43
Long-Term Unearned Revenue	10	10	10	10	10	10
Long-Term Deferred Tax Liabilities	38.95	40	43.37	5.07	0.85	0.37
Other Long-Term Liabilities	637.87	566.28	329	1.26	50.61	26.26
Total Liabilities	3,008	2,444	1,011	1,331	1,780	1,781
Common Stock	1,485	1,485	1,478	1,478	704.03	704.03
Additional Paid-In Capital	1,634	1,633	1,610	1,610	1,094	1,094
Retained Earnings	-2,462	-2,430	-2,411	-2,388	-2,471	-1,726
Treasury Stock	-36.42	-36.42	-11.44	-74.76	-	-
Comprehensive Income & Other	-0.05	-0.01	-	-	-	-
Total Common Equity	621.06	651.51	666.01	624.82	-672.71	72.71
Minority Interest	0.93	0.71	0.59	3.14	2.99	2.85
Shareholders' Equity	621.99	652.22	666.6	627.97	-669.72	75.56
Total Liabilities & Equity	3,630	3,097	1,678	1,959	1,110	1,856
Total Debt	1,411	1,058	282.03	302.6	1,405	1,410
Net Cash (Debt)	-1,211	-889.84	-108.1	859.28	-1,252	-1,364
Net Cash Per Share	-0.63	-0.46	-0.05	0.62	-0.84	-0.92
Filing Date Shares Outstanding	1,517	3,284	1,478	1,057	1,478	1,478
Total Common Shares Outstanding	1,517	3,284	1,478	1,057	1,478	1,478
Working Capital	-603.02	-531.38	-51.89	260	-1,074	-305.84
Book Value Per Share	0.41	0.20	0.45	0.59	-0.46	0.05
Tangible Book Value	329.06	358.33	357.4	373.91	-954.43	-221.67
Tangible Book Value Per Share	0.22	0.11	0.24	0.35	-0.65	-0.15
Buildings	-	-	175.18	313.58	318.2	335.11
Machinery	-	-	297.96	230.24	235.53	316.67
Construction In Progress	-	-	165.19	45.47	45.17	83.96

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