SHA:603089 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	216.76	168.83	159.23	115.72	134.3
Cash & Short-Term Investments	216.76	168.83	159.23	115.72	134.3
Cash Growth	28.39%	6.03%	37.60%	-13.84%	-14.81%
Accounts Receivable	960.65	795.16	477.07	381.97	453.86
Other Receivables	19.1	31.87	11.75	8.76	15.53
Receivables	979.75	827.03	488.83	390.73	469.39
Inventory	778.34	603.73	457.04	450.43	530.33
Other Current Assets	14.76	16.45	6.34	7.23	8.9
Total Current Assets	1,990	1,616	1,111	964.11	1,143
Property, Plant & Equipment	1,449	1,311	1,092	932.68	692.52
Long-Term Investments	14.6	12.08	9.51	6.71	7.57
Goodwill	181.38	181.38	181.38	181.38	181.38
Other Intangible Assets	247.2	278.5	284.35	272.3	148.11
Long-Term Deferred Tax Assets	6.72	8.32	3.93	0.38	4.17
Long-Term Deferred Charges	47	57.9	48.11	21.78	19.24
Other Long-Term Assets	45.61	28.91	23.3	16.58	21.65
Total Assets	3,981	3,494	2,754	2,396	2,218
Accounts Payable	923.13	699.65	438.53	366.48	546.95
Accrued Expenses	80.23	99.14	75.15	64.79	57.91
Short-Term Debt	605.32	481.05	355.5	277.34	181.69
Current Portion of Long-Term Debt	154.59	270.67	13.98	1.1	-
Current Portion of Leases	-	7.06	11.34	10.62	11.29
Current Income Taxes Payable	15.85	10.31	11.53	6.44	5.41
Current Unearned Revenue	22.34	12.98	13.77	18.01	17.51
Other Current Liabilities	37.25	58.59	50.19	74.81	1.23
Total Current Liabilities	1,839	1,639	969.99	819.58	822
Long-Term Debt	279.91	303.99	364.98	285.16	148.5
Long-Term Leases	34.52	3.82	9.28	11.72	19.04
Long-Term Unearned Revenue	155.09	131.31	93.78	18.95	18.53
Long-Term Deferred Tax Liabilities	13.15	10.58	8.46	6.91	0.78
Total Liabilities	2,321	2,089	1,446	1,142	1,009
Common Stock	240.03	223.73	223.72	222.5	222.5
Additional Paid-In Capital	531.73	384.68	384.12	371.49	371.47
Retained Earnings	686.06	603.31	531.85	495.23	446.85
Comprehensive Income & Other	10.62	19.97	17.85	17.29	9.02
Total Common Equity	1,468	1,232	1,158	1,106	1,050
Minority Interest	191.33	173.22	149.8	147.1	158.85
Shareholders' Equity	1,660	1,405	1,307	1,254	1,209
Total Liabilities & Equity	3,981	3,494	2,754	2,396	2,218
Total Debt	1,074	1,067	755.07	585.94	360.52
Net Cash (Debt)	-857.58	-897.75	-595.85	-470.22	-226.22
Net Cash Per Share	-3.66	-4.02	-2.63	-2.13	-1.01
Filing Date Shares Outstanding	254.86	223.73	223.72	222.5	222.5
Total Common Shares Outstanding	254.86	223.73	223.72	222.5	222.5
Working Capital	150.92	-23.4	141.44	144.53	320.92
Book Value Per Share	5.76	5.51	5.17	4.97	4.72
Tangible Book Value	1,040	771.82	691.81	652.83	720.36
Tangible Book Value Per Share	4.08	3.45	3.09	2.93	3.24
Buildings	-	803.72	633.76	552.51	349.24
Machinery	-	994.03	806.94	638.85	548.48
Construction In Progress	-	126.91	152.74	151.99	120.28

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