SHA:603377 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	429.17	53.47	105	191.28	241.11
Trading Asset Securities	-	-	-	-	10
Cash & Short-Term Investments	429.17	53.47	105	191.28	251.11
Cash Growth	702.69%	-49.08%	-45.10%	-23.83%	-57.22%
Accounts Receivable	18.89	17.13	23.44	23.62	15.1
Other Receivables	76.2	417.67	440.43	421.22	41.33
Receivables	95.09	434.79	463.87	444.84	56.43
Inventory	15.89	22.89	58.39	243.71	26.98
Prepaid Expenses	-	2.49	2.97	4.06	6.89
Other Current Assets	82.35	82.83	99.48	106.32	77.22
Total Current Assets	622.51	596.46	729.71	990.21	418.63
Property, Plant & Equipment	1,849	2,218	2,569	2,623	2,647
Long-Term Investments	61.35	61.85	63.36	110.89	132.65
Goodwill	-	-	45.9	62.95	83.45
Other Intangible Assets	675.14	697.53	738.77	762.19	770.94
Long-Term Deferred Tax Assets	24.2	40.9	45.86	19.39	0.39
Long-Term Deferred Charges	108.57	359.13	510.75	577.13	572.78
Other Long-Term Assets	1.42	33.77	111.49	123.04	131.61
Total Assets	3,343	4,008	4,815	5,269	4,757
Accounts Payable	299.18	22.72	25.03	73.27	14.92
Accrued Expenses	36.08	124.35	53.47	83.67	80.93
Short-Term Debt	348.09	423.9	464.44	413	424.13
Current Portion of Long-Term Debt	678.43	109.27	123.43	125.18	106.88
Current Portion of Leases	-	233.22	289.12	281.66	23.37
Current Income Taxes Payable	15.36	0.12	38	4.73	3.9
Current Unearned Revenue	292.29	345.03	431.84	425.68	447.43
Other Current Liabilities	628.27	666.38	330.51	338.38	434.24
Total Current Liabilities	2,298	1,925	1,756	1,746	1,536
Long-Term Debt	-	319.42	345.46	457.25	200.75
Long-Term Leases	413.44	484.59	533.63	600.23	473.29
Long-Term Unearned Revenue	94.68	97.97	101.37	104.81	108.28
Long-Term Deferred Tax Liabilities	17.13	21.95	28.62	30.49	12.4
Other Long-Term Liabilities	144.95	21.81	-	-	-
Total Liabilities	2,968	2,871	2,765	2,938	2,331
Common Stock	714.92	720.77	720.75	720.74	727.84
Additional Paid-In Capital	608.2	677.71	667.63	725.86	818.67
Retained Earnings	-1,260	-409.51	493.04	854.78	933.27
Treasury Stock	-	-76.21	-76.21	-230.96	-330.96
Comprehensive Income & Other	13.66	13.88	13.91	13.92	13.94
Total Common Equity	76.6	926.63	1,819	2,084	2,163
Minority Interest	298.09	210.64	230.52	246.39	263.76
Shareholders' Equity	374.69	1,137	2,050	2,331	2,427
Total Liabilities & Equity	3,343	4,008	4,815	5,269	4,757
Total Debt	1,440	1,570	1,756	1,877	1,228
Net Cash (Debt)	-1,011	-1,517	-1,651	-1,686	-977.31
Net Cash Per Share	-1.41	-2.10	-2.28	-2.25	-1.35
Filing Date Shares Outstanding	661.54	714.86	714.84	702.83	702.83
Total Common Shares Outstanding	661.54	714.86	714.84	702.83	702.83
Working Capital	-1,675	-1,329	-1,026	-755.36	-1,117
Book Value Per Share	0.12	1.30	2.54	2.97	3.08
Tangible Book Value	-598.54	229.1	1,034	1,259	1,308
Tangible Book Value Per Share	-0.90	0.32	1.45	1.79	1.86
Buildings	-	1,296	1,285	1,170	1,150
Machinery	-	1,093	1,199	1,209	1,323
Construction In Progress	-	394.52	571.7	668.87	654.51

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