SHA:603177 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	282.39	204.6	175	184.46	123.89
Cash & Short-Term Investments	282.39	204.6	175	184.46	123.89
Cash Growth	38.02%	16.92%	-5.13%	48.89%	34.62%
Accounts Receivable	600.59	552.56	612.63	590.92	585.95
Other Receivables	16.67	25.17	19.74	13.82	17.3
Receivables	617.25	577.72	632.37	604.74	603.24
Inventory	224.13	234.64	177.19	174.55	156.17
Other Current Assets	72.63	38.6	33.66	25.7	42.21
Total Current Assets	1,196	1,056	1,018	989.45	925.51
Property, Plant & Equipment	480.73	515.38	519.98	378.35	326.48
Long-Term Investments	81.59	21.71	22.91	21.84	22.86
Goodwill	93.38	99.1	106.56	-	-
Other Intangible Assets	115.2	118.75	122.25	84.55	85.86
Long-Term Deferred Tax Assets	25.99	21.01	18.98	19.2	15.56
Long-Term Deferred Charges	3.09	1.54	0.71	0.11	0.36
Other Long-Term Assets	5.04	0.29	6.12	0.96	1.6
Total Assets	2,001	1,833	1,816	1,494	1,378
Accounts Payable	426.97	382.26	358.47	356.56	376.92
Accrued Expenses	14.01	49.82	43.37	39.74	37.93
Short-Term Debt	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	99.5	53.31	78.18	25.71	51.44
Other Current Liabilities	49.26	41.23	67.04	61.37	11.33
Total Current Liabilities	1,312	1,127	1,086	939.77	1,001
Long-Term Debt	203.37	236.87	261.37	120.18	-
Long-Term Leases	5.13	3.41	7.45	3.48	1.11
Long-Term Unearned Revenue	31.15	33.13	35.35	37.96	40.56
Long-Term Deferred Tax Liabilities	0.17	0.22	0.24	-	2.66
Other Long-Term Liabilities	66.16	29.05	25.04	16.68	-
Total Liabilities	1,618	1,430	1,416	1,118	1,045
Common Stock	204.19	206.15	208.79	207.56	202
Additional Paid-In Capital	176.33	192.2	228.46	195.4	117.09
Retained Earnings	-41.76	-3.08	-25.95	22.48	13.17
Treasury Stock	-	-18.05	-42.3	-51.15	-
Comprehensive Income & Other	-2.42	-0.48	-0.07	-0.31	-0.18
Total Common Equity	336.34	376.75	368.93	373.97	332.08
Minority Interest	46.76	26.52	31.1	2.42	0.95
Shareholders' Equity	383.11	403.27	400.03	376.39	333.03
Total Liabilities & Equity	2,001	1,833	1,816	1,494	1,378
Total Debt	907.89	838.2	806.42	577.27	524.36
Net Cash (Debt)	-625.5	-633.6	-631.43	-392.81	-400.47
Net Cash Per Share	-3.08	-3.05	-3.13	-2.11	-1.98
Filing Date Shares Outstanding	156.07	206.15	208.79	207.56	202
Total Common Shares Outstanding	156.07	206.15	208.79	207.56	202
Working Capital	-115.92	-71.83	-68.02	49.68	-75.37
Book Value Per Share	2.16	1.83	1.77	1.80	1.64
Tangible Book Value	127.76	158.9	140.12	289.43	246.22
Tangible Book Value Per Share	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.