SHA:603378 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	91.32	98.26	582.61	469	298.18	1,033
Cash & Short-Term Investments	91.32	98.26	582.61	469	298.18	1,033
Cash Growth	-84.33%	-83.13%	24.22%	57.29%	-71.14%	-25.23%
Accounts Receivable	682.34	729.4	1,623	1,838	2,133	2,404
Other Receivables	28.58	36.8	174.59	143.11	180.41	245.92
Receivables	710.93	766.2	1,797	1,981	2,313	2,650
Inventory	52.17	53.02	108.02	203.28	217.58	289.48
Prepaid Expenses	-	-	-	-	59.88	216.08
Other Current Assets	54.45	60.31	145.61	99.31	36.12	22.57
Total Current Assets	908.87	977.8	2,634	2,753	2,925	4,211
Property, Plant & Equipment	1,824	1,856	2,141	2,229	2,188	1,607
Long-Term Investments	3.34	20.36	33.28	45.45	43.14	34.67
Other Intangible Assets	417.81	421.01	467.13	455.87	529.66	541.51
Long-Term Deferred Tax Assets	18.11	17.47	305.05	279.02	282.98	261.08
Long-Term Deferred Charges	8.9	9.78	12.1	5.44	7.34	7.91
Other Long-Term Assets	711.36	710.45	748.5	638.12	607.41	518.67
Total Assets	3,892	4,013	6,341	6,405	6,583	7,182
Accounts Payable	751.22	744.8	1,660	1,953	1,623	3,054
Accrued Expenses	83.72	73.39	111.73	141.13	187.52	224.82
Short-Term Debt	1,540	1,526	1,724	1,077	1,199	1,007
Current Portion of Long-Term Debt	222.23	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	10.38	5.85	0.51	16.44	17.81	19.96
Current Unearned Revenue	62.07	58.47	55.26	51.98	71.15	68.55
Other Current Liabilities	707.09	759.4	477.66	289.18	619.27	288.81
Total Current Liabilities	3,376	3,367	4,319	3,966	4,029	4,836
Long-Term Debt	577.29	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	24.07	19.29	12.05	46.73	42.99
Other Long-Term Liabilities	76.71	81.72	-	0.03	4.82	28.4
Total Liabilities	4,054	4,078	5,032	4,666	4,858	5,562
Common Stock	428.6	428.6	428.6	430.03	431.74	298.95
Additional Paid-In Capital	719.72	719.72	719.72	727.65	751.16	895.64
Retained Earnings	-1,413	-1,316	64.89	412.65	384.81	279.08
Treasury Stock	-47.4	-47.4	-50.01	-9.36	-20.52	-32
Comprehensive Income & Other	146.25	146.25	146.25	178.38	178.38	178.38
Total Common Equity	-166.32	-68.73	1,309	1,739	1,726	1,620
Minority Interest	4.06	3.82	-	-	-	-
Shareholders' Equity	-162.26	-64.91	1,309	1,739	1,726	1,620
Total Liabilities & Equity	3,892	4,013	6,341	6,405	6,583	7,182
Total Debt	2,339	2,330	2,610	2,103	2,183	1,747
Net Cash (Debt)	-2,248	-2,232	-2,028	-1,634	-1,885	-713.63
Net Cash Per Share	-5.23	-5.20	-4.74	-3.80	-4.28	-1.67
Filing Date Shares Outstanding	424.31	435.56	420.69	429.5	379.09	430.94
Total Common Shares Outstanding	424.31	435.56	420.69	429.5	379.09	430.94
Working Capital	-2,468	-2,389	-1,685	-1,214	-1,104	-625.06
Book Value Per Share	-0.39	-0.16	3.11	4.05	4.55	3.76
Tangible Book Value	-584.14	-489.74	842.31	1,283	1,196	1,079
Tangible Book Value Per Share	-1.38	-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.