SHA:603378 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	98.26	582.61	469	298.18	1,033
Cash & Short-Term Investments	98.26	582.61	469	298.18	1,033
Cash Growth	-83.13%	24.22%	57.29%	-71.14%	-25.23%
Accounts Receivable	729.4	1,623	1,838	2,133	2,404
Other Receivables	36.8	174.59	143.11	180.41	245.92
Receivables	766.2	1,797	1,981	2,313	2,650
Inventory	53.02	108.02	203.28	217.58	289.48
Prepaid Expenses	-	-	-	59.88	216.08
Other Current Assets	60.31	145.61	99.31	36.12	22.57
Total Current Assets	977.8	2,634	2,753	2,925	4,211
Property, Plant & Equipment	1,856	2,141	2,229	2,188	1,607
Long-Term Investments	20.36	33.28	45.45	43.14	34.67
Other Intangible Assets	421.01	467.13	455.87	529.66	541.51
Long-Term Deferred Tax Assets	17.47	305.05	279.02	282.98	261.08
Long-Term Deferred Charges	9.78	12.1	5.44	7.34	7.91
Other Long-Term Assets	710.45	748.5	638.12	607.41	518.67
Total Assets	4,013	6,341	6,405	6,583	7,182
Accounts Payable	744.8	1,660	1,953	1,623	3,054
Accrued Expenses	73.39	111.73	141.13	187.52	224.82
Short-Term Debt	1,526	1,724	1,077	1,199	1,007
Current Portion of Long-Term Debt	199.39	191.31	301.11	216.78	83.12
Current Portion of Leases	-	98.59	136.96	95.71	90.58
Current Income Taxes Payable	5.85	0.51	16.44	17.81	19.96
Current Unearned Revenue	58.47	55.26	51.98	71.15	68.55
Other Current Liabilities	759.4	477.66	289.18	619.27	288.81
Total Current Liabilities	3,367	4,319	3,966	4,029	4,836
Long-Term Debt	604.62	562.52	543.48	576.87	436.06
Long-Term Leases	-	33.96	44.99	95.3	130.29
Long-Term Unearned Revenue	-	96.93	98.96	104.53	88.08
Long-Term Deferred Tax Liabilities	24.07	19.29	12.05	46.73	42.99
Other Long-Term Liabilities	81.72	-	0.03	4.82	28.4
Total Liabilities	4,078	5,032	4,666	4,858	5,562
Common Stock	428.6	428.6	430.03	431.74	298.95
Additional Paid-In Capital	719.72	719.72	727.65	751.16	895.64
Retained Earnings	-1,316	64.89	412.65	384.81	279.08
Treasury Stock	-47.4	-50.01	-9.36	-20.52	-32
Comprehensive Income & Other	146.25	146.25	178.38	178.38	178.38
Total Common Equity	-68.73	1,309	1,739	1,726	1,620
Minority Interest	3.82	-	-	-	-
Shareholders' Equity	-64.91	1,309	1,739	1,726	1,620
Total Liabilities & Equity	4,013	6,341	6,405	6,583	7,182
Total Debt	2,330	2,610	2,103	2,183	1,747
Net Cash (Debt)	-2,232	-2,028	-1,634	-1,885	-713.63
Net Cash Per Share	-5.20	-4.74	-3.80	-4.28	-1.67
Filing Date Shares Outstanding	435.56	420.69	429.5	379.09	430.94
Total Common Shares Outstanding	435.56	420.69	429.5	379.09	430.94
Working Capital	-2,389	-1,685	-1,214	-1,104	-625.06
Book Value Per Share	-0.16	3.11	4.05	4.55	3.76
Tangible Book Value	-489.74	842.31	1,283	1,196	1,079
Tangible Book Value Per Share	-1.12	2.00	2.99	3.15	2.50
Buildings	-	1,205	1,168	972.76	474.5
Machinery	-	1,032	1,042	782.06	443.49
Construction In Progress	-	470.08	443.24	724.82	862.6

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