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