SHA:600738 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	169.34	389.79	316.32	491.27	299.66	147.2
Short-Term Investments	190.31	10.52	-	-	-	-
Cash & Short-Term Investments	359.66	400.32	316.32	491.27	299.66	147.2
Cash Growth	129.72%	26.55%	-35.61%	63.94%	103.57%	-75.38%
Accounts Receivable	58.95	63.63	154.27	95.98	58.51	40.74
Other Receivables	16.08	15.04	17.43	19.56	14.03	14.21
Receivables	75.04	78.67	171.7	115.54	72.54	54.96
Inventory	32.26	30.08	56	63.93	194.57	170.23
Prepaid Expenses	-	0	0.05	0.84	0.67	7.11
Other Current Assets	9.52	12.52	51.42	44.97	18.22	25.27
Total Current Assets	476.48	521.59	595.49	716.55	585.67	404.77
Property, Plant & Equipment	487.66	499.66	607.93	214.83	250.01	1,351
Long-Term Investments	77.57	278.13	264.28	95.73	335.09	249.71
Other Intangible Assets	62.65	65.31	51.94	28.7	30.52	130.02
Long-Term Accounts Receivable	157.48	153.83	-	229.35	229.02	236.97
Long-Term Deferred Tax Assets	48.52	47.14	51.08	10.84	7.51	2.42
Long-Term Deferred Charges	10.84	12.8	24.21	33.23	18.79	16.45
Other Long-Term Assets	1,765	1,809	1,900	2,249	2,207	1,123
Total Assets	3,086	3,387	3,495	3,578	3,664	3,514

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	36.81	41.12	71.3	80.89	81.81	147.85
Accrued Expenses	24.48	39.43	34.76	34.21	30.26	36.4
Short-Term Debt	-	0.1	96.11	47.65	183.46	119.98
Current Portion of Long-Term Debt	0.06	208.57	60.67	67.29	31.83	0.74
Current Portion of Leases	-	1.05	5.63	7.81	5.02	79.58
Current Income Taxes Payable	15.47	12.05	10.68	18.42	9.32	25.08
Current Unearned Revenue	510.81	575.23	623.59	401.94	165.52	144.59
Other Current Liabilities	176.19	177.81	170.3	460.26	679.37	645.8
Total Current Liabilities	763.83	1,055	1,073	1,118	1,187	1,200
Long-Term Debt	143.25	193.25	456.48	491.03	535.58	446.67
Long-Term Leases	-	-	1.05	8.63	12.03	22.31
Long-Term Unearned Revenue	1.17	1.19	-	-	5	-
Long-Term Deferred Tax Liabilities	42.74	42.24	47.94	3.79	4.23	1.57
Other Long-Term Liabilities	2	2	2	5.91	2	2
Total Liabilities	952.99	1,294	1,580	1,628	1,745	1,673

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	761.34	761.34	761.34	761.34	761.34	773.46
Additional Paid-In Capital	273.66	263.18	273.4	270.87	248.66	338.11
Retained Earnings	1,210	1,180	1,027	984.3	901.66	867.99
Treasury Stock	-111.3	-111.3	-130.79	-75.2	-	-139.98
Total Common Equity	2,133	2,094	1,931	1,941	1,912	1,840
Minority Interest	-0.31	-0.31	-17.2	8.88	6.83	2.3
Shareholders' Equity	2,133	2,093	1,914	1,950	1,918	1,842
Total Liabilities & Equity	3,086	3,387	3,495	3,578	3,664	3,514

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	143.31	402.96	619.93	622.41	767.91	669.29
Net Cash (Debt)	216.34	-2.65	-303.61	-131.14	-468.25	-522.09
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	0.29	-0.00	-0.42	-0.17	-0.60	-0.67
Filing Date Shares Outstanding	742.66	742.66	735.27	742.55	761.34	750.99
Total Common Shares Outstanding	742.66	742.66	735.27	748.13	761.34	750.99
Working Capital	-287.35	-533.75	-477.54	-401.92	-600.92	-795.27
Book Value Per Share	2.87	2.82	2.63	2.59	2.51	2.45
Tangible Book Value	2,071	2,028	1,879	1,913	1,881	1,710
Tangible Book Value Per Share	2.79	2.73	2.56	2.56	2.47	2.28
Buildings	835.38	835.38	758.46	512.73	577.2	1,721
Machinery	137.43	133.59	100.61	102.5	95.77	96.06
Construction In Progress	0.92	1.96	19.08	2.01	4.31	3.28