SHA:600706 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	74	122.3	158.11	164.4	398.9
Cash & Short-Term Investments	74	122.3	158.11	164.4	398.9
Cash Growth	-39.49%	-22.65%	-3.83%	-58.79%	-24.66%
Accounts Receivable	162.03	819.5	1,039	1,091	1,000
Other Receivables	43.22	29.16	106.62	36.55	35.25
Receivables	205.25	848.66	1,146	1,128	1,036
Inventory	46.1	67.02	154.88	107.56	54.95
Prepaid Expenses	-	0.33	0.18	-	0.01
Other Current Assets	183.52	74.95	117.56	53.16	54.77
Total Current Assets	508.87	1,113	1,577	1,453	1,544
Property, Plant & Equipment	1,285	1,407	1,451	1,551	1,597
Long-Term Investments	1.01	6.82	6.29	4.99	5.05
Goodwill	-	45.73	45.78	45.78	45.78
Other Intangible Assets	96.32	105.65	113.77	125.39	133.98
Long-Term Deferred Tax Assets	27.16	114.76	114.62	89.64	31.61
Long-Term Deferred Charges	141.43	189.78	279.22	339.76	387.21
Other Long-Term Assets	396.23	47.41	52.57	56.67	11.26
Total Assets	2,456	3,031	3,640	3,666	3,756
Accounts Payable	716.07	812.16	1,088	978.97	1,011
Accrued Expenses	81.67	89.82	105.18	78.84	88.76
Short-Term Debt	182.43	220.34	323.47	353.29	130.36
Current Portion of Long-Term Debt	202.29	157.52	102.59	83.22	71.9
Current Portion of Leases	-	17.05	8.66	22.02	16.71
Current Income Taxes Payable	12.94	3	3.89	1.36	4.06
Current Unearned Revenue	90.1	139.4	181.75	42.64	26.54
Other Current Liabilities	131.15	178.37	188.79	140.63	121.21
Total Current Liabilities	1,417	1,618	2,003	1,701	1,470
Long-Term Debt	514	654	774	875.5	958
Long-Term Leases	58.04	28.15	26.65	48.36	75.16
Long-Term Unearned Revenue	5.06	5.02	5.83	13.25	13.94
Long-Term Deferred Tax Liabilities	0	10.24	8.35	16.72	2.9
Other Long-Term Liabilities	2.1	2.73	2.6	4.1	2.1
Total Liabilities	1,996	2,318	2,820	2,659	2,523
Common Stock	255.06	255.06	255.06	255.06	255.06
Additional Paid-In Capital	617.86	617.86	594.32	594.32	594.32
Retained Earnings	-409.69	-213.45	-82.12	113.26	361.12
Total Common Equity	463.23	659.47	767.26	962.64	1,210
Minority Interest	-3.16	53.53	52.37	44.29	22.64
Shareholders' Equity	460.08	713.01	819.63	1,007	1,233
Total Liabilities & Equity	2,456	3,031	3,640	3,666	3,756
Total Debt	956.76	1,077	1,235	1,382	1,252
Net Cash (Debt)	-882.76	-954.77	-1,077	-1,218	-853.23
Net Cash Per Share	-3.46	-3.71	-4.25	-4.76	-3.46
Filing Date Shares Outstanding	274.22	255.06	255.06	255.06	255.06
Total Common Shares Outstanding	274.22	255.06	255.06	255.06	255.06
Working Capital	-907.78	-504.4	-426.01	-248.12	73.69
Book Value Per Share	1.69	2.59	3.01	3.77	4.75
Tangible Book Value	366.91	508.1	607.71	791.46	1,031
Tangible Book Value Per Share	1.34	1.99	2.38	3.10	4.04
Buildings	-	1,379	1,363	1,345	1,356
Machinery	-	564.72	587.83	238.8	515.71
Construction In Progress	-	25.48	2.73	8.26	5.8

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