SHA:603031 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	1,359	1,794	1,243	568.91	412.73	1,130
Short-Term Investments	-	195.16	794.64	-	-	-
Trading Asset Securities	191.4	78.59	100.51	17.4	3.1	-
Cash & Short-Term Investments	1,550	2,068	2,139	586.31	415.83	1,130
Cash Growth	-20.04%	-3.31%	264.75%	41.00%	-63.19%	817.64%
Accounts Receivable	421.07	413.88	381.83	250.14	197.04	13.21
Other Receivables	5.98	5.25	2.29	9.63	10.87	5.01
Receivables	427.06	419.13	384.12	259.77	207.91	18.23
Inventory	418.61	465.41	396.31	388.66	433.8	338.89
Other Current Assets	137.82	97.92	101.56	111.27	122.24	50.11
Total Current Assets	2,534	3,050	3,021	1,346	1,180	1,537
Property, Plant & Equipment	662.66	663.23	665.01	641.07	665.14	849.41
Long-Term Investments	38.24	39.14	14.35	1,373	834.55	1
Goodwill	2,906	2,906	2,906	2,906	2,906	-
Other Intangible Assets	265.73	275.3	317.18	358.62	400.56	104.84
Long-Term Deferred Tax Assets	41.45	66.43	60.59	62.39	49.47	20.63
Long-Term Deferred Charges	12.08	15.42	13.97	10.9	9.11	30.89
Other Long-Term Assets	246.62	245.49	159.31	8.4	2.34	589.61
Total Assets	6,707	7,261	7,157	6,707	6,047	3,133
Accounts Payable	448.76	474.6	419.95	362.78	361.04	319.16
Accrued Expenses	100.18	272.41	214.63	196.83	210.71	51.42
Short-Term Debt	1,056	1,486	1,087	832.18	453.67	505.9
Current Portion of Long-Term Debt	202.97	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	55.95	51.49	29.27	42.39	8.79	0.69
Current Unearned Revenue	56.89	189.85	280.88	252.81	304.4	169.18
Other Current Liabilities	212.06	267.08	109.93	54.95	179.08	73.37
Total Current Liabilities	2,133	2,939	2,493	1,939	1,791	1,183
Long-Term Debt	889.91	853.27	799.35	697.44	1,327	650
Long-Term Leases	2.39	2.45	2.79	3.48	3.1	79.12
Long-Term Unearned Revenue	9.8	9.97	-	-	-	6.35
Long-Term Deferred Tax Liabilities	60.79	62.63	72.13	76.17	80.63	1.03
Other Long-Term Liabilities	-	-	-	-	16.11	1.74
Total Liabilities	3,096	3,868	3,367	2,716	3,218	1,921
Common Stock	257.82	257.82	211.12	145.6	112	112
Additional Paid-In Capital	2,307	2,307	1,314	1,379	206.34	212.86
Retained Earnings	507.51	404.8	535.6	432.94	317.22	237.11
Comprehensive Income & Other	-224.58	-224.59	-224.51	-96.57	-68.11	-
Total Common Equity	2,848	2,745	1,836	1,861	567.45	561.97
Minority Interest	762.95	648.26	1,954	2,130	2,262	649.72
Shareholders' Equity	3,611	3,393	3,790	3,991	2,829	1,212
Total Liabilities & Equity	6,707	7,261	7,157	6,707	6,047	3,133
Total Debt	2,151	2,540	2,240	1,730	2,057	1,299
Net Cash (Debt)	-600.96	-471.98	-101.65	-1,144	-1,641	-168.97
Net Cash Per Share	-1.74	-1.44	-0.33	-4.74	-6.98	-0.72
Filing Date Shares Outstanding	372.7	373.85	306.12	306.12	235.48	235.48
Total Common Shares Outstanding	372.7	373.85	306.12	306.12	235.48	235.48
Working Capital	400.98	110.77	527.81	-592.69	-611.19	353.56
Book Value Per Share	7.64	7.34	6.00	6.08	2.41	2.39
Tangible Book Value	-323.81	-436.1	-1,387	-1,404	-2,739	457.14
Tangible Book Value Per Share	-0.87	-1.17	-4.53	-4.58	-11.63	1.94
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

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