SHA:603665 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	156.99	214.42	347.84	811.46	166.8
Trading Asset Securities	-	2.64	-	-	-
Cash & Short-Term Investments	156.99	217.06	347.84	811.46	166.8
Cash Growth	-27.67%	-37.60%	-57.13%	386.48%	-54.47%
Accounts Receivable	193.45	230.35	170.71	142.71	119.67
Other Receivables	25.3	9.33	23.12	27.72	14.5
Receivables	218.75	239.68	193.83	170.43	134.17
Inventory	421.22	522.49	445.8	663.17	511.07
Prepaid Expenses	-	4.92	3.95	1.49	0.04
Other Current Assets	88	100.43	69.69	57.02	77.2
Total Current Assets	884.96	1,085	1,061	1,704	889.28
Property, Plant & Equipment	1,417	1,585	1,704	1,552	956.7
Long-Term Investments	52.31	89.67	95	97.8	179.54
Goodwill	-	33.65	343.88	428.41	51.28
Other Intangible Assets	142.73	165.52	169.38	174.24	122.06
Long-Term Deferred Tax Assets	33.57	49.57	37.1	52.99	16.2
Long-Term Deferred Charges	15.05	16.49	14.88	10.25	11.66
Other Long-Term Assets	13.09	11.76	87.89	95.65	44.76
Total Assets	2,558	3,037	3,513	4,115	2,271
Accounts Payable	511.71	637.99	450.58	438.53	270.44
Accrued Expenses	61.67	77.24	100.92	99.6	49.3
Short-Term Debt	894.02	1,001	992.72	1,075	557.56
Current Portion of Long-Term Debt	-	115.7	179.49	95.75	184.29
Current Portion of Leases	-	0.1	40.73	85.49	16.4
Current Income Taxes Payable	-	16.82	16.07	58.8	9.23
Current Unearned Revenue	29.23	8.79	1.35	4.68	92.84
Other Current Liabilities	137.32	143.31	134.63	284.72	246.61
Total Current Liabilities	1,634	2,001	1,916	2,143	1,427
Long-Term Debt	176.9	203.72	259.71	287.74	37.11
Long-Term Leases	3.17	34.12	4.3	30.19	16.8
Long-Term Unearned Revenue	3.45	9.87	4.2	4.85	6.61
Long-Term Deferred Tax Liabilities	3.63	5.75	8.57	7.77	-
Other Long-Term Liabilities	38.86	33.72	3	0.6	-
Total Liabilities	1,860	2,288	2,196	2,474	1,487
Common Stock	161.11	162.06	163.84	163.84	160.68
Additional Paid-In Capital	916.63	938.1	1,010	997.58	726.13
Retained Earnings	-308.32	-387.86	97.67	317.95	108.9
Treasury Stock	-50.39	-72.81	-110.41	-110.35	-35.97
Comprehensive Income & Other	-61.57	-25.33	4.32	-3.89	-20.91
Total Common Equity	657.46	614.16	1,165	1,365	938.84
Minority Interest	40.98	134.67	151.9	276.21	-154.56
Shareholders' Equity	698.45	748.82	1,317	1,641	784.28
Total Liabilities & Equity	2,558	3,037	3,513	4,115	2,271
Total Debt	1,074	1,354	1,477	1,574	812.15
Net Cash (Debt)	-917.09	-1,137	-1,129	-762.97	-645.35
Net Cash Per Share	-5.65	-7.05	-7.12	-4.82	-4.10
Filing Date Shares Outstanding	163.01	153.06	163.32	161.46	158.31
Total Common Shares Outstanding	163.01	153.06	163.32	161.46	158.31
Working Capital	-748.97	-915.99	-855.36	-439.26	-537.39
Book Value Per Share	4.03	4.01	7.13	8.45	5.93
Tangible Book Value	514.73	414.98	651.78	762.46	765.5
Tangible Book Value Per Share	3.16	2.71	3.99	4.72	4.84
Buildings	-	731.08	736.64	570.7	292.46
Machinery	-	1,138	1,128	560.68	340.14
Construction In Progress	-	202.13	186.85	686.1	535.43

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.