SHA:600678 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	93.83	66.66	98.12	59.81	37.15	33.46
Cash & Short-Term Investments	93.83	66.66	98.12	59.81	37.15	33.46
Cash Growth	111.61%	-32.06%	64.05%	61.00%	11.04%	18.93%
Accounts Receivable	129.87	103.37	45.6	17.47	3.07	11.64
Other Receivables	6.47	3.83	6.61	7.62	2.13	2.84
Receivables	136.34	111.51	56.46	27.83	10.15	17.38
Inventory	15.6	13.32	4.92	1.89	8.07	10.75
Other Current Assets	40.08	68.86	30.84	19.32	11.93	5.19
Total Current Assets	285.86	260.34	190.34	108.85	67.3	66.78
Property, Plant & Equipment	689.36	696.47	716.29	649.13	390.63	375.4
Long-Term Investments	18.76	20.56	5.86	3.34	12.02	26.67
Other Intangible Assets	445.34	446.46	146.52	142.03	143.57	74.82
Long-Term Deferred Tax Assets	6.26	6.38	1.9	3.11	2.14	0.37
Long-Term Deferred Charges	58.58	59.28	43.19	23.48	22.2	17.41
Other Long-Term Assets	18.19	18.48	8.05	8.16	2.75	7.97
Total Assets	1,522	1,508	1,112	938.09	640.62	569.42
Accounts Payable	173.21	181.07	148.13	242.75	25.44	61.56
Accrued Expenses	3.92	42.16	45.68	16.93	23.96	21.72
Short-Term Debt	182.07	168.8	86.79	43.06	55.5	-
Current Portion of Long-Term Debt	53.2	94.82	61.42	55.58	73.5	50.1
Current Portion of Leases	-	6.22	8.74	90.53	6.08	3.84
Current Income Taxes Payable	17.01	9.85	9.55	0.86	5.85	6.36
Current Unearned Revenue	76.54	56.47	62.19	45.4	56.06	50.97
Other Current Liabilities	95.86	112.06	91.25	29.8	30.51	19.52
Total Current Liabilities	601.82	671.45	513.75	524.9	276.89	214.07
Long-Term Debt	273.08	229.78	323.61	146.73	79.92	103.42
Long-Term Leases	8.21	7.57	7.86	32.34	7.31	7.04
Long-Term Deferred Tax Liabilities	2.36	2.52	1.16	2.36	-	-
Other Long-Term Liabilities	327.85	292.81	37.97	1.18	3.28	1.18
Total Liabilities	1,213	1,204	884.34	707.51	367.4	325.71
Common Stock	348.99	348.99	348.99	348.99	348.99	348.99
Additional Paid-In Capital	316.06	316.06	307.63	305.72	305.72	305.35
Retained Earnings	-490.01	-491.86	-499.1	-479.91	-389.19	-451.64
Comprehensive Income & Other	82.84	79.28	64.34	49.01	0	39.25
Total Common Equity	257.87	252.46	221.86	223.81	265.52	241.96
Minority Interest	51.15	51.37	5.94	6.77	7.7	1.74
Shareholders' Equity	309.02	303.84	227.8	230.59	273.22	243.7
Total Liabilities & Equity	1,522	1,508	1,112	938.09	640.62	569.42
Total Debt	516.56	507.19	488.42	368.23	222.3	164.4
Net Cash (Debt)	-422.73	-440.52	-390.3	-308.42	-185.15	-130.95
Net Cash Per Share	-1.21	-1.26	-1.12	-0.88	-0.53	-0.38
Filing Date Shares Outstanding	348.99	348.99	348.99	348.99	348.99	348.99
Total Common Shares Outstanding	348.99	348.99	348.99	348.99	348.99	348.99
Working Capital	-315.96	-411.1	-323.41	-416.06	-209.59	-147.3
Book Value Per Share	0.74	0.72	0.64	0.64	0.76	0.69
Tangible Book Value	-187.46	-194	75.34	81.78	121.94	167.14
Tangible Book Value Per Share	-0.54	-0.56	0.22	0.23	0.35	0.48
Buildings	-	505.31	363	257.85	249.57	244.75
Machinery	-	390.34	369.28	253.66	246.6	237.38
Construction In Progress	-	26.93	155.2	284.29	29.08	7.49