SHA:603286 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	99.27	218.57	444.47	99.43	85.65
Trading Asset Securities	15	50	-	-	13.67
Cash & Short-Term Investments	114.27	268.57	444.47	99.43	99.32
Cash Growth	-57.45%	-39.57%	347.00%	0.12%	-4.19%
Accounts Receivable	345.22	361.87	272.74	241.43	209.02
Other Receivables	2.04	1.88	1.59	0.92	0.79
Receivables	347.26	363.76	274.34	242.35	209.81
Inventory	223.65	208.91	190.61	170.78	129.64
Other Current Assets	190.09	83.79	4.66	7.01	10.79
Total Current Assets	875.27	925.02	914.07	519.57	449.56
Property, Plant & Equipment	687.53	650.88	566.53	447.67	303.96
Long-Term Investments	44.5	21.73	19.7	17.4	14.53
Goodwill	50.24	50.24	50.24	50.24	50.24
Other Intangible Assets	65.57	73.71	81.47	89.3	75.69
Long-Term Deferred Tax Assets	32.62	32.72	27.88	22.65	11.04
Long-Term Deferred Charges	106.06	72.2	20.91	20.61	23.23
Other Long-Term Assets	10.73	9.08	3.72	4.45	15.06
Total Assets	1,873	1,836	1,685	1,172	943.32
Accounts Payable	406.99	317.97	217.59	207.88	119.72
Accrued Expenses	29.31	39.65	33.4	32.2	29.4
Short-Term Debt	458.73	380.46	443.27	294.56	124.37
Current Portion of Long-Term Debt	31.38	50.04	49.64	96.93	-
Current Portion of Leases	-	2.11	0.11	0.34	0.46
Current Income Taxes Payable	16.22	2.21	0.38	5.03	4.19
Current Unearned Revenue	11.81	3.06	6.3	4.2	1.75
Other Current Liabilities	26.68	89.2	45.13	40.26	48.24
Total Current Liabilities	981.12	884.69	795.83	681.4	328.13
Long-Term Debt	57.91	30.05	-	-	100.11
Long-Term Leases	4.44	6.61	-	0.21	3.24
Long-Term Unearned Revenue	16.93	19.64	9.32	6.57	7.58
Long-Term Deferred Tax Liabilities	1.72	2.21	2.71	3.22	3.76
Other Long-Term Liabilities	-	-	-	-	0.05
Total Liabilities	1,062	943.2	807.87	691.4	442.87
Common Stock	117.4	116.59	114.3	88.08	89.13
Additional Paid-In Capital	577.43	588.98	559.94	195.97	203.86
Retained Earnings	134.29	190.21	182.4	174.46	191.76
Treasury Stock	-19.71	-22.77	-	-	-7.9
Comprehensive Income & Other	1.01	0.11	0.65	0.26	-0.57
Total Common Equity	810.41	873.12	857.3	458.77	476.29
Minority Interest	-	19.24	19.35	21.72	24.15
Shareholders' Equity	810.41	892.37	876.65	480.48	500.44
Total Liabilities & Equity	1,873	1,836	1,685	1,172	943.32
Total Debt	552.46	469.26	493.03	392.05	228.18
Net Cash (Debt)	-438.18	-200.69	-48.56	-292.61	-128.87
Net Cash Per Share	-3.76	-1.79	-0.49	-3.38	-1.43
Filing Date Shares Outstanding	123.07	114.3	114.3	88.08	88.08
Total Common Shares Outstanding	123.07	114.3	114.3	88.08	88.08
Working Capital	-105.85	40.32	118.24	-161.83	121.43
Book Value Per Share	6.58	7.64	7.50	5.21	5.41
Tangible Book Value	694.59	749.17	725.59	319.22	350.36
Tangible Book Value Per Share	5.64	6.55	6.35	3.62	3.98
Buildings	-	542.89	216.49	213	213
Machinery	-	291.8	262.93	46.4	197.77
Construction In Progress	-	61.96	307.11	196.32	60.77

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