SHA:603132 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	271.33	563.61	720.09	415.28	271.44
Cash & Short-Term Investments	271.33	563.61	720.09	415.28	271.44
Cash Growth	-51.86%	-21.73%	73.40%	52.99%	-4.12%
Accounts Receivable	9.71	30.54	0.78	56.43	-
Other Receivables	12.94	11.61	0.22	0.46	0.33
Receivables	22.65	42.14	1	56.89	0.33
Inventory	25.04	24.76	32.5	52.61	43.4
Other Current Assets	76.77	49.63	19.36	3.73	6
Total Current Assets	395.8	680.14	772.96	528.52	321.17
Property, Plant & Equipment	5,698	4,451	3,833	3,449	3,389
Goodwill	169.97	169.97	169.97	37.76	5.66
Other Intangible Assets	1,760	1,502	784.75	1,022	929.06
Long-Term Deferred Tax Assets	2.96	24	16.21	4.48	1.18
Long-Term Deferred Charges	4.84	6.71	3.38	3.01	0.23
Other Long-Term Assets	95.98	314.61	58.01	0.43	1.03
Total Assets	8,127	7,149	5,639	5,045	4,647
Accounts Payable	315.53	58.67	18.79	10.39	3.6
Accrued Expenses	85.55	64.52	69.34	48.39	48.95
Short-Term Debt	1,441	1,389	890.96	520.68	811.46
Current Portion of Long-Term Debt	597.38	279.29	798.68	42.07	448.83
Current Portion of Leases	3.16	5.58	2.14	2.01	-
Current Income Taxes Payable	15.89	35.11	26.23	26.48	15.38
Current Unearned Revenue	6.79	6.41	11.13	1.04	10.82
Other Current Liabilities	195.4	248.62	231.84	23.75	15.72
Total Current Liabilities	2,661	2,087	2,049	674.81	1,355
Long-Term Debt	2,056	1,111	212.93	738.05	639.98
Long-Term Leases	0.36	2.77	4.97	8.82	-
Long-Term Unearned Revenue	72.62	74.71	15.81	16.35	5.07
Long-Term Deferred Tax Liabilities	49.14	47.94	53.74	32.46	-
Other Long-Term Liabilities	82.43	99.16	118.03	411.77	407.69
Total Liabilities	4,922	3,423	2,455	1,882	2,407
Common Stock	978	978	978	978	880
Additional Paid-In Capital	1,535	1,949	1,693	1,700	841.61
Retained Earnings	692.64	561.13	513.07	463.49	517.75
Comprehensive Income & Other	0.2	1.17	0.46	-	0.02
Total Common Equity	3,205	3,489	3,184	3,141	2,239
Minority Interest	-	237.35	-	21.83	-
Shareholders' Equity	3,205	3,726	3,184	3,163	2,239
Total Liabilities & Equity	8,127	7,149	5,639	5,045	4,647
Total Debt	4,099	2,788	1,910	1,312	1,900
Net Cash (Debt)	-3,827	-2,224	-1,190	-896.35	-1,629
Net Cash Per Share	-3.88	-2.27	-1.21	-0.93	-1.86
Filing Date Shares Outstanding	978	978	978	978	880
Total Common Shares Outstanding	978	978	978	978	880
Working Capital	-2,265	-1,407	-1,276	-146.29	-1,034
Book Value Per Share	3.28	3.57	3.26	3.21	2.54
Tangible Book Value	1,276	1,816	2,229	2,082	1,305
Tangible Book Value Per Share	1.30	1.86	2.28	2.13	1.48
Buildings	2,363	2,158	2,134	1,989	1,971
Machinery	858.66	645.65	576.95	543.07	521.85
Construction In Progress	1,296	800.01	149.44	3.76	7.25

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