SHA:603177 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	207.93	282.39	204.6	175	184.46	123.89
Cash & Short-Term Investments	207.93	282.39	204.6	175	184.46	123.89
Cash Growth	0.37%	38.02%	16.92%	-5.13%	48.89%	34.62%
Accounts Receivable	576.78	600.59	552.56	612.63	590.92	585.95
Other Receivables	20.39	16.67	25.17	19.74	13.82	17.3
Receivables	597.18	617.25	577.72	632.37	604.74	603.24
Inventory	203.96	224.13	234.64	177.19	174.55	156.17
Other Current Assets	88.1	72.63	38.6	33.66	25.7	42.21
Total Current Assets	1,097	1,196	1,056	1,018	989.45	925.51
Property, Plant & Equipment	468.05	480.73	515.38	519.98	378.35	326.48
Long-Term Investments	79.7	81.59	21.71	22.91	21.84	22.86
Goodwill	92.23	93.38	99.1	106.56	-	-
Other Intangible Assets	114.28	115.2	118.75	122.25	84.55	85.86
Long-Term Deferred Tax Assets	24.71	25.99	21.01	18.98	19.2	15.56
Long-Term Deferred Charges	2.88	3.09	1.54	0.71	0.11	0.36
Other Long-Term Assets	5.1	5.04	0.29	6.12	0.96	1.6
Total Assets	1,884	2,001	1,833	1,816	1,494	1,378
Accounts Payable	378.96	426.97	382.26	358.47	356.56	376.92
Accrued Expenses	24.98	14.01	49.82	43.37	39.74	37.93
Short-Term Debt	592.73	613.26	565.97	515.25	452.07	522.61
Current Portion of Long-Term Debt	-	86.13	24.83	16.36	-	-
Current Portion of Leases	-	-	7.12	5.99	1.54	0.64
Current Income Taxes Payable	-	23.19	2.86	1.57	2.78	-
Current Unearned Revenue	95.83	99.5	53.31	78.18	25.71	51.44
Other Current Liabilities	138.11	49.26	41.23	67.04	61.37	11.33
Total Current Liabilities	1,231	1,312	1,127	1,086	939.77	1,001
Long-Term Debt	199.87	203.37	236.87	261.37	120.18	-
Long-Term Leases	4.38	5.13	3.41	7.45	3.48	1.11
Long-Term Unearned Revenue	30.47	31.15	33.13	35.35	37.96	40.56
Long-Term Deferred Tax Liabilities	0.12	0.17	0.22	0.24	-	2.66
Other Long-Term Liabilities	50.93	66.16	29.05	25.04	16.68	-
Total Liabilities	1,516	1,618	1,430	1,416	1,118	1,045
Common Stock	204.19	204.19	206.15	208.79	207.56	202
Additional Paid-In Capital	176.37	176.33	192.2	228.46	195.4	117.09
Retained Earnings	-53.33	-41.76	-3.08	-25.95	22.48	13.17
Treasury Stock	-	-	-18.05	-42.3	-51.15	-
Comprehensive Income & Other	-4.31	-2.42	-0.48	-0.07	-0.31	-0.18
Total Common Equity	322.92	336.34	376.75	368.93	373.97	332.08
Minority Interest	44.81	46.76	26.52	31.1	2.42	0.95
Shareholders' Equity	367.73	383.11	403.27	400.03	376.39	333.03
Total Liabilities & Equity	1,884	2,001	1,833	1,816	1,494	1,378
Total Debt	796.98	907.89	838.2	806.42	577.27	524.36
Net Cash (Debt)	-589.05	-625.5	-633.6	-631.43	-392.81	-400.47
Net Cash Per Share	-2.87	-3.08	-3.05	-3.13	-2.11	-1.98
Filing Date Shares Outstanding	192.81	156.07	206.15	208.79	207.56	202
Total Common Shares Outstanding	192.81	156.07	206.15	208.79	207.56	202
Working Capital	-133.44	-115.92	-71.83	-68.02	49.68	-75.37
Book Value Per Share	1.67	2.16	1.83	1.77	1.80	1.64
Tangible Book Value	116.41	127.76	158.9	140.12	289.43	246.22
Tangible Book Value Per Share	0.60	0.82	0.77	0.67	1.39	1.22
Buildings	-	-	322.4	290.4	232	146.31
Machinery	-	-	430.38	388.5	331.67	295.79
Construction In Progress	-	-	37.37	66.57	2.07	44.36

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