SHA:603255 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	113.94	72.32	245.32	538.61	423.62	50.66
Cash & Short-Term Investments	113.94	72.32	245.32	538.61	423.62	50.66
Cash Growth	-49.13%	-70.52%	-54.45%	27.14%	736.26%	81.33%
Accounts Receivable	404.62	343.23	314.39	331.6	371.16	281.39
Other Receivables	13.15	7.11	1.78	7.44	9.27	30.36
Receivables	417.77	350.34	521.92	339.04	380.44	311.75
Inventory	390.06	371.7	214.42	217.04	213.17	155.51
Other Current Assets	446.31	388.45	166.82	28.2	26.11	30.95
Total Current Assets	1,368	1,183	1,148	1,123	1,043	548.86
Property, Plant & Equipment	5,174	5,014	1,940	652.53	583.48	533.33
Long-Term Investments	15.2	15.52	30.16	22.01	20.5	19.74
Other Intangible Assets	337.79	333.69	298.49	58.54	60	40.75
Long-Term Deferred Tax Assets	24.25	24.14	17.76	3.8	6.11	4.46
Long-Term Deferred Charges	32.08	33.63	37.26	27.96	24.39	13.48
Other Long-Term Assets	99.92	75.75	608.42	153.36	23.83	11.67
Total Assets	7,051	6,679	4,080	2,041	1,762	1,172
Accounts Payable	837.88	887.44	691.97	113.04	106.96	75.21
Accrued Expenses	33.18	32.06	28.59	8.77	11.77	11.89
Short-Term Debt	889.01	626.02	1,051	288.35	74.63	154.25
Current Portion of Long-Term Debt	68.71	91.49	-	-	-	47.73
Current Portion of Leases	-	-	51.65	-	-	-
Current Income Taxes Payable	5.8	3.29	12.45	0.2	-	2.91
Current Unearned Revenue	28.28	9.62	7.2	0.13	3.47	2.97
Other Current Liabilities	29.94	29.54	43.2	5.76	24.77	43.46
Total Current Liabilities	1,893	1,679	1,886	416.25	221.6	338.42
Long-Term Debt	2,924	2,805	-	-	-	68.25
Long-Term Leases	7.32	9.32	53.13	-	-	-
Long-Term Unearned Revenue	133.51	103.51	69.01	-	-	-
Long-Term Deferred Tax Liabilities	24.68	30.84	28.88	31.62	33.09	28.49
Other Long-Term Liabilities	1.78	1.78	4.99	-	-	-
Total Liabilities	4,985	4,630	2,042	447.87	254.69	435.16
Common Stock	134.59	134.59	134.51	134.48	133.47	100.1
Additional Paid-In Capital	914.26	914.26	913.7	904.22	869.01	245.48
Retained Earnings	554.35	543.05	531.55	549.92	498.57	388.46
Treasury Stock	-20.47	-20.47	-	-	-	-
Comprehensive Income & Other	1.99	0.63	0.36	4.6	5.91	3.1
Total Common Equity	1,585	1,572	1,580	1,593	1,507	737.14
Minority Interest	481.93	477.05	457.68	-	-	-
Shareholders' Equity	2,067	2,049	2,038	1,593	1,507	737.14
Total Liabilities & Equity	7,051	6,679	4,080	2,041	1,762	1,172
Total Debt	3,889	3,532	1,156	288.35	74.63	270.22
Net Cash (Debt)	-3,776	-3,460	-910.67	250.26	348.99	-219.57
Net Cash Growth	-	-	-	-28.29%	-	-
Net Cash Per Share	-25.24	-24.24	-6.76	1.88	3.14	-2.20
Filing Date Shares Outstanding	139.73	181.44	134.51	135.53	133.47	100.1
Total Common Shares Outstanding	139.73	181.44	134.51	134.48	133.47	100.1
Working Capital	-524.71	-496.65	-737.79	706.64	821.75	210.44
Book Value Per Share	11.34	8.66	11.75	11.85	11.29	7.36
Tangible Book Value	1,247	1,238	1,282	1,535	1,447	696.39
Tangible Book Value Per Share	8.92	6.83	9.53	11.41	10.84	6.96
Buildings	-	-	236	184.62	160.46	138.93
Machinery	-	-	485.96	423.22	391.07	343.02
Construction In Progress	-	-	1,451	239.74	179.42	159.09

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