SHA:603668 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	474.29	535.57	510.67	796.09	503.83	572.95
Trading Asset Securities	21.24	11.12	32.26	0.21	18.55	46.21
Cash & Short-Term Investments	495.53	546.69	542.93	796.3	522.38	619.16
Cash Growth	-5.66%	0.69%	-31.82%	52.44%	-15.63%	10.38%
Accounts Receivable	455.69	428.74	410.17	440.04	470	555.17
Other Receivables	140.59	158.93	58.25	44.22	35.14	2.76
Receivables	596.28	587.67	468.42	484.26	505.14	557.96
Inventory	3,698	3,766	3,122	2,977	2,278	1,201
Prepaid Expenses	-	0.15	0.03	0.03	0.45	0.01
Other Current Assets	206.82	264.25	232.67	155.96	273.03	182.91
Total Current Assets	4,996	5,164	4,366	4,414	3,579	2,561
Property, Plant & Equipment	3,962	3,994	4,068	4,058	3,449	2,054
Long-Term Investments	48.51	53.8	57.72	70.75	53.78	45.7
Goodwill	116.93	116.93	116.93	116.93	116.93	116.93
Other Intangible Assets	217.74	219.77	228.1	230.75	239.26	216.01
Long-Term Deferred Tax Assets	163.75	146.79	103.58	93.29	44.58	32.27
Long-Term Deferred Charges	9.84	9.45	12.63	17.26	17.46	7.77
Other Long-Term Assets	54.09	83.84	66.98	74.23	123.9	95.89
Total Assets	9,570	9,789	9,020	9,075	7,623	5,129
Accounts Payable	1,442	1,693	1,588	1,901	1,702	1,209
Accrued Expenses	51.33	127.46	111.93	124.76	98.1	88.72
Short-Term Debt	2,691	2,747	2,227	2,152	1,694	783.35
Current Portion of Long-Term Debt	871.73	124.61	362.62	263.12	307.07	65.73
Current Portion of Leases	-	542.65	377.32	251.76	70.47	11.21
Current Income Taxes Payable	57.8	16.61	11.08	14.39	16.78	19.8
Current Unearned Revenue	159.68	175.86	278.97	182.55	134.15	41.42
Other Current Liabilities	276.11	390.87	224.66	13.83	22.64	22.87
Total Current Liabilities	5,549	5,818	5,182	4,903	4,045	2,242
Long-Term Debt	616.74	505.93	359.58	600.34	660.12	464.01
Long-Term Leases	167.81	647.48	543.93	630.9	339.66	143.92
Long-Term Unearned Revenue	70.41	72.07	55.28	36.66	11.82	13.86
Long-Term Deferred Tax Liabilities	42.31	41.02	39.11	43.66	39.88	44.09
Other Long-Term Liabilities	428.73	24.51	10.47	210.89	99.08	-
Total Liabilities	6,875	7,109	6,190	6,425	5,196	2,908
Common Stock	505.8	505.72	502.34	456.67	436.13	436.16
Additional Paid-In Capital	1,270	1,269	1,226	-	892.87	885.43
Retained Earnings	336.77	325.5	504.93	499	699.77	586.64
Treasury Stock	-	-	-	-	-	-63
Comprehensive Income & Other	6.71	7.71	3.94	1,255	6.65	6.63
Total Common Equity	2,120	2,108	2,237	2,211	2,035	1,852
Minority Interest	574.77	571.86	592.8	439.29	392.22	369.42
Shareholders' Equity	2,695	2,680	2,830	2,650	2,428	2,221
Total Liabilities & Equity	9,570	9,789	9,020	9,075	7,623	5,129
Total Debt	4,347	4,568	3,870	3,898	3,071	1,468
Net Cash (Debt)	-3,851	-4,021	-3,327	-3,101	-2,549	-849.06
Net Cash Per Share	-7.38	-8.07	-6.39	-6.45	-5.33	-2.02
Filing Date Shares Outstanding	670.55	505.72	502.34	502.34	479.75	472.2
Total Common Shares Outstanding	670.55	505.72	502.34	502.34	479.75	472.2
Working Capital	-552.73	-653.25	-815.84	-488.94	-466.27	319.07
Book Value Per Share	3.16	4.17	4.45	4.40	4.24	3.92
Tangible Book Value	1,785	1,771	1,892	1,863	1,679	1,519
Tangible Book Value Per Share	2.66	3.50	3.77	3.71	3.50	3.22
Buildings	-	3,099	2,924	2,531	1,863	1,112
Machinery	-	1,541	1,475	1,303	919.92	777.79
Construction In Progress	-	253.25	303.62	438.62	739.8	350.19

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