SHA:603031 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	1,794	1,243	568.91	412.73	1,130
Short-Term Investments	195.16	794.64	-	-	-
Trading Asset Securities	78.59	100.51	17.4	3.1	-
Cash & Short-Term Investments	2,068	2,139	586.31	415.83	1,130
Cash Growth	-3.31%	264.75%	41.00%	-63.19%	817.64%
Accounts Receivable	413.88	381.83	250.14	197.04	13.21
Other Receivables	5.25	2.29	9.63	10.87	5.01
Receivables	419.13	384.12	259.77	207.91	18.23
Inventory	465.41	396.31	388.66	433.8	338.89
Other Current Assets	97.92	101.56	111.27	122.24	50.11
Total Current Assets	3,050	3,021	1,346	1,180	1,537
Property, Plant & Equipment	663.23	665.01	641.07	665.14	849.41
Long-Term Investments	39.14	14.35	1,373	834.55	1
Goodwill	2,906	2,906	2,906	2,906	-
Other Intangible Assets	275.3	317.18	358.62	400.56	104.84
Long-Term Deferred Tax Assets	66.43	60.59	62.39	49.47	20.63
Long-Term Deferred Charges	15.42	13.97	10.9	9.11	30.89
Other Long-Term Assets	245.49	159.31	8.4	2.34	589.61
Total Assets	7,261	7,157	6,707	6,047	3,133
Accounts Payable	474.6	419.95	362.78	361.04	319.16
Accrued Expenses	272.41	214.63	196.83	210.71	51.42
Short-Term Debt	1,486	1,087	832.18	453.67	505.9
Current Portion of Long-Term Debt	193.87	345.69	193.85	269.31	50.34
Current Portion of Leases	3.83	5.18	2.9	3.97	13.17
Current Income Taxes Payable	51.49	29.27	42.39	8.79	0.69
Current Unearned Revenue	189.85	280.88	252.81	304.4	169.18
Other Current Liabilities	267.08	109.93	54.95	179.08	73.37
Total Current Liabilities	2,939	2,493	1,939	1,791	1,183
Long-Term Debt	853.27	799.35	697.44	1,327	650
Long-Term Leases	2.45	2.79	3.48	3.1	79.12
Long-Term Unearned Revenue	9.97	-	-	-	6.35
Long-Term Deferred Tax Liabilities	62.63	72.13	76.17	80.63	1.03
Other Long-Term Liabilities	-	-	-	16.11	1.74
Total Liabilities	3,868	3,367	2,716	3,218	1,921
Common Stock	257.82	211.12	145.6	112	112
Additional Paid-In Capital	2,307	1,314	1,379	206.34	212.86
Retained Earnings	404.8	535.6	432.94	317.22	237.11
Comprehensive Income & Other	-224.59	-224.51	-96.57	-68.11	-
Total Common Equity	2,745	1,836	1,861	567.45	561.97
Minority Interest	648.26	1,954	2,130	2,262	649.72
Shareholders' Equity	3,393	3,790	3,991	2,829	1,212
Total Liabilities & Equity	7,261	7,157	6,707	6,047	3,133
Total Debt	2,540	2,240	1,730	2,057	1,299
Net Cash (Debt)	-471.98	-101.65	-1,144	-1,641	-168.97
Net Cash Per Share	-2.09	-0.48	-6.88	-10.12	-1.05
Filing Date Shares Outstanding	257.82	211.12	211.12	162.4	162.4
Total Common Shares Outstanding	257.82	211.12	211.12	162.4	162.4
Working Capital	110.77	527.81	-592.69	-611.19	353.56
Book Value Per Share	10.65	8.70	8.82	3.49	3.46
Tangible Book Value	-436.1	-1,387	-1,404	-2,739	457.14
Tangible Book Value Per Share	-1.69	-6.57	-6.65	-16.87	2.81
Buildings	350.69	323.9	324.09	324.13	884.96
Machinery	973.29	953.05	924.03	917.42	134.79
Construction In Progress	24.83	42.18	6.2	6.16	26.55

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.