SHA:603789 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	92.78	47.24	116.14	73.13	130.98
Trading Asset Securities	-	0.46	-	-	-
Cash & Short-Term Investments	92.78	47.71	116.14	73.13	130.98
Cash Growth	94.49%	-58.93%	58.81%	-44.16%	43.82%
Accounts Receivable	333.71	272.39	240.49	262.23	412.76
Other Receivables	13.64	6.66	10.09	4.19	4.35
Receivables	347.34	279.05	250.59	266.42	417.11
Inventory	211	207.09	230.37	169.08	149.08
Other Current Assets	32.88	31.31	81.22	21.06	62.7
Total Current Assets	684.01	565.15	678.32	529.69	759.87
Property, Plant & Equipment	312.68	411.73	373.34	272.87	321.12
Long-Term Investments	40.6	60.11	74.85	80.91	77.44
Goodwill	-	-	15.95	15.95	15.95
Other Intangible Assets	43.67	76.97	89.99	87.25	88.19
Long-Term Accounts Receivable	-	0.72	1.13	-	-
Long-Term Deferred Tax Assets	17.44	23.99	42.12	48.28	49.92
Long-Term Deferred Charges	16.38	3.73	3.43	3.54	3.94
Other Long-Term Assets	4.76	18.6	17.49	37.59	15.37
Total Assets	1,120	1,161	1,297	1,076	1,332
Accounts Payable	256.13	366.11	296.29	143.5	230.78
Accrued Expenses	25.75	40.66	40.51	36.02	30.79
Short-Term Debt	96.23	201.35	186.33	261.96	277.45
Current Portion of Long-Term Debt	57.9	19.91	1.89	15.85	15.24
Current Portion of Leases	-	4.5	0.64	0.57	0.45
Current Income Taxes Payable	4.23	0.01	0.82	0.17	0
Current Unearned Revenue	9.31	11.01	77.37	21.8	46.27
Other Current Liabilities	227.17	78.53	93.63	39.26	12.5
Total Current Liabilities	676.72	722.07	697.49	519.14	613.48
Long-Term Debt	91.74	65.5	66.3	18.6	24.72
Long-Term Leases	60.97	19.8	1.05	1.81	1.49
Long-Term Unearned Revenue	16.25	63.75	62.74	16.89	22.21
Long-Term Deferred Tax Liabilities	11.73	0.9	0.72	0.85	0.65
Other Long-Term Liabilities	33.84	5.13	4.73	5.21	6.34
Total Liabilities	891.25	877.15	833.03	562.51	668.89
Common Stock	270.45	270.45	277.42	260	260
Additional Paid-In Capital	583.57	579.64	605.5	533.91	524.43
Retained Earnings	-682.28	-574.56	-399.5	-343.71	-185.1
Treasury Stock	-48.95	-48.95	-81.59	-	-
Comprehensive Income & Other	14.02	17.17	17.37	17.87	18.81
Total Common Equity	136.81	243.74	419.2	468.07	618.14
Minority Interest	91.47	40.1	44.39	45.49	44.79
Shareholders' Equity	228.28	283.84	463.59	513.56	662.92
Total Liabilities & Equity	1,120	1,161	1,297	1,076	1,332
Total Debt	306.84	311.06	256.22	298.79	319.35
Net Cash (Debt)	-214.06	-263.35	-140.07	-225.65	-188.37
Net Cash Per Share	-0.79	-0.97	-0.54	-0.87	-0.72
Filing Date Shares Outstanding	301.93	311.02	259.41	260	260
Total Common Shares Outstanding	301.93	311.02	259.41	260	260
Working Capital	7.29	-156.92	-19.17	10.56	146.39
Book Value Per Share	0.45	0.78	1.62	1.80	2.38
Tangible Book Value	93.14	166.77	313.26	364.87	514
Tangible Book Value Per Share	0.31	0.54	1.21	1.40	1.98
Buildings	-	169.66	169.81	255.01	273.33
Machinery	-	329.92	296.2	283.02	284.64
Construction In Progress	-	175.24	168.09	0.73	2.55

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