SHA:603577 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	304.74	182.72	495.22	413.03	393.05
Short-Term Investments	-	-	-	-	0.17
Trading Asset Securities	13	-	90.92	-	10.05
Cash & Short-Term Investments	317.74	182.72	586.15	413.03	403.27
Cash Growth	73.90%	-68.83%	41.91%	2.42%	292.03%
Accounts Receivable	3,182	3,046	2,518	2,215	1,719
Other Receivables	11.55	9.18	7.92	10.08	15
Receivables	3,193	3,055	2,526	2,225	1,734
Inventory	1,191	955.25	1,271	1,473	1,484
Prepaid Expenses	-	0	0.08	4.11	1.81
Other Current Assets	66.99	79.33	120.77	266.6	77.32
Total Current Assets	4,769	4,273	4,504	4,382	3,700
Property, Plant & Equipment	1,028	1,126	1,149	1,005	754.17
Long-Term Investments	0.5	-	-	-	-
Goodwill	112.12	112.12	112.12	137.67	137.67
Other Intangible Assets	289.55	293.05	293.48	299	232.86
Long-Term Accounts Receivable	-	-	-	-	0.23
Long-Term Deferred Tax Assets	46.41	46.16	60.27	44.64	34.32
Long-Term Deferred Charges	1.64	1.3	3.21	4.96	3.37
Other Long-Term Assets	9.61	7.77	33.61	62.07	73.42
Total Assets	6,257	5,859	6,156	5,935	4,936
Accounts Payable	572.38	657.36	719.3	794.99	686.21
Accrued Expenses	161.04	181.31	172.06	162.21	98.69
Short-Term Debt	1,922	1,699	2,482	2,080	1,590
Current Portion of Long-Term Debt	435.29	543.41	296.3	153.29	167.93
Current Portion of Leases	12.02	19.01	36.17	36.44	9.67
Current Income Taxes Payable	13.48	15.68	14.37	2.88	1.66
Current Unearned Revenue	134.28	78.7	119.9	205.11	179.15
Other Current Liabilities	130.31	34.94	21.7	147.34	25.93
Total Current Liabilities	3,381	3,229	3,861	3,582	2,759
Long-Term Debt	829.24	647.92	392.19	511.38	92
Long-Term Leases	-	11.23	13.71	41.39	8.84
Long-Term Unearned Revenue	10.86	11.55	-	-	0.11
Long-Term Deferred Tax Liabilities	5.64	5.96	28.92	11.01	9.75
Total Liabilities	4,226	3,906	4,296	4,146	2,870
Common Stock	339.14	339.14	339.14	339.14	339.14
Additional Paid-In Capital	899.72	899.72	952.17	920.49	1,235
Retained Earnings	721.53	647.93	510.19	496.22	447.59
Comprehensive Income & Other	0.43	1.03	0.19	0.1	0.04
Total Common Equity	1,961	1,888	1,802	1,756	2,021
Minority Interest	70.08	65.33	58.43	33.23	45.07
Shareholders' Equity	2,031	1,953	1,860	1,789	2,066
Total Liabilities & Equity	6,257	5,859	6,156	5,935	4,936
Total Debt	3,198	2,920	3,220	2,822	1,868
Net Cash (Debt)	-2,881	-2,737	-2,634	-2,409	-1,465
Net Cash Per Share	-8.49	-8.07	-7.77	-7.10	-4.87
Filing Date Shares Outstanding	339.14	339.14	339.14	339.14	339.14
Total Common Shares Outstanding	339.14	339.14	339.14	339.14	339.14
Working Capital	1,389	1,044	643.08	799.69	941.01
Book Value Per Share	5.78	5.57	5.31	5.18	5.96
Tangible Book Value	1,559	1,483	1,396	1,319	1,651
Tangible Book Value Per Share	4.60	4.37	4.12	3.89	4.87
Buildings	1,007	1,025	984.32	740.9	549.4
Machinery	652	628.51	600.83	557.58	474.64
Construction In Progress	0.99	11.73	2.14	52.53	4.75

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