SHA:603665 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	173.8	156.99	214.42	347.84	811.46	166.8
Cash & Short-Term Investments	173.8	156.99	214.42	347.84	811.46	166.8
Cash Growth	-42.46%	-26.78%	-38.36%	-57.13%	386.48%	-54.47%
Accounts Receivable	173.89	193.45	230.35	170.71	142.71	119.67
Other Receivables	7.4	25.3	9.33	23.12	27.72	14.5
Receivables	181.3	218.75	239.68	193.83	170.43	134.17
Inventory	423.87	421.22	522.49	445.8	663.17	511.07
Prepaid Expenses	-	-	4.92	3.95	1.49	0.04
Other Current Assets	129.38	88	103.07	69.69	57.02	77.2
Total Current Assets	908.35	884.96	1,085	1,061	1,704	889.28
Property, Plant & Equipment	1,385	1,417	1,585	1,704	1,552	956.7
Long-Term Investments	48.21	52.31	89.67	95	97.8	179.54
Goodwill	-	-	33.65	343.88	428.41	51.28
Other Intangible Assets	140.69	142.73	165.52	169.38	174.24	122.06
Long-Term Accounts Receivable	-	4.72	4.7	-	-	-
Long-Term Deferred Tax Assets	36.77	33.57	49.57	37.1	52.99	16.2
Long-Term Deferred Charges	15.18	15.05	16.49	14.88	10.25	11.66
Other Long-Term Assets	11.29	8.37	7.06	87.89	95.65	44.76
Total Assets	2,545	2,558	3,037	3,513	4,115	2,271
Accounts Payable	478.1	511.71	637.99	450.58	438.53	270.44
Accrued Expenses	22.33	53.14	77.24	100.92	99.6	49.3
Short-Term Debt	933.06	894.02	1,001	992.72	1,075	557.56
Current Portion of Long-Term Debt	165.56	60.37	115.7	179.49	95.75	184.29
Current Portion of Leases	-	2.05	0.1	40.73	85.49	16.4
Current Income Taxes Payable	22.47	12.59	16.82	16.07	58.8	9.23
Current Unearned Revenue	54.03	29.23	8.79	1.35	4.68	92.84
Other Current Liabilities	21.03	70.82	143.31	134.63	284.72	246.61
Total Current Liabilities	1,697	1,634	2,001	1,916	2,143	1,427
Long-Term Debt	104.43	176.9	203.72	259.71	287.74	37.11
Long-Term Leases	2.28	32.85	34.12	4.3	30.19	16.8
Long-Term Unearned Revenue	3.26	3.45	9.87	4.2	4.85	6.61
Long-Term Deferred Tax Liabilities	3.63	3.63	5.75	8.57	7.77	-
Other Long-Term Liabilities	35.85	9.18	33.72	3	0.6	-
Total Liabilities	1,846	1,860	2,288	2,196	2,474	1,487
Common Stock	161.11	161.11	162.06	163.84	163.84	160.68
Additional Paid-In Capital	916.63	916.63	938.1	1,010	997.58	726.13
Retained Earnings	-292.33	-308.32	-387.86	97.67	317.95	108.9
Treasury Stock	-50.39	-50.39	-72.81	-110.41	-110.35	-35.97
Comprehensive Income & Other	-71.36	-61.57	-25.33	4.32	-3.89	-20.91
Total Common Equity	663.66	657.46	614.16	1,165	1,365	938.84
Minority Interest	35.5	40.98	134.67	151.9	276.21	-154.56
Shareholders' Equity	699.16	698.45	748.82	1,317	1,641	784.28
Total Liabilities & Equity	2,545	2,558	3,037	3,513	4,115	2,271
Total Debt	1,205	1,166	1,354	1,477	1,574	812.15
Net Cash (Debt)	-1,032	-1,009	-1,140	-1,129	-762.97	-645.35
Net Cash Per Share	-6.39	-6.22	-7.07	-7.12	-4.82	-4.10
Filing Date Shares Outstanding	159.83	163.01	153.06	163.32	161.46	158.31
Total Common Shares Outstanding	159.83	163.01	153.06	163.32	161.46	158.31
Working Capital	-788.24	-748.97	-915.99	-855.36	-439.26	-537.39
Book Value Per Share	4.15	4.03	4.01	7.13	8.45	5.93
Tangible Book Value	522.96	514.73	414.98	651.78	762.46	765.5
Tangible Book Value Per Share	3.27	3.16	2.71	3.99	4.72	4.84
Buildings	-	659.99	731.08	736.64	570.7	292.46
Machinery	-	1,216	1,138	1,128	560.68	340.14
Construction In Progress	-	125.97	202.13	186.85	686.1	535.43

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