SHA:603822 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	578.69	428.97	328.97	160.61	229.45	336.7
Trading Asset Securities	-	-	1	-	-	-
Cash & Short-Term Investments	578.69	428.97	329.97	160.61	229.45	336.7
Cash Growth	151.09%	30.00%	105.45%	-30.00%	-31.85%	13.27%
Accounts Receivable	94.54	294.29	60.27	131.16	150.36	55.71
Other Receivables	434.95	386.24	52.23	79.37	96.75	29.3
Receivables	529.5	680.53	112.5	210.53	247.11	85.01
Inventory	1,449	1,061	664.65	499.08	646.11	519.4
Prepaid Expenses	-	0.53	0.29	4.69	2.99	5.94
Other Current Assets	399.57	316.04	369.32	132.27	157.81	153.56
Total Current Assets	2,957	2,487	1,477	1,007	1,283	1,101
Property, Plant & Equipment	3,976	3,964	4,050	1,869	1,446	1,093
Goodwill	67.28	67.28	67.28	67.28	67.28	75.82
Other Intangible Assets	241.19	243.29	212.56	219.61	114.9	112.4
Long-Term Deferred Tax Assets	236.14	209.52	112.86	85.66	51.43	9.11
Long-Term Deferred Charges	149.96	62.47	11.55	13.41	7.52	3.6
Other Long-Term Assets	15.66	95.3	25.17	250.35	8.13	67.94
Total Assets	7,643	7,129	5,956	3,512	2,979	2,462
Accounts Payable	653.93	842.79	852.68	215.93	186.05	102.91
Accrued Expenses	10.53	47.08	32.3	21.48	45.17	72.2
Short-Term Debt	2,005	1,438	1,497	1,274	1,070	653.39
Current Portion of Long-Term Debt	738.21	556.23	247.52	66.96	56.81	61.38
Current Portion of Leases	-	1.09	0.87	233.11	141.69	59.07
Current Income Taxes Payable	22.21	48.57	0.38	0.87	0.1	-
Current Unearned Revenue	128.23	34.73	68.93	4.01	17.74	5.43
Other Current Liabilities	25.24	173.6	151.29	16.45	2.45	4.28
Total Current Liabilities	3,583	3,143	2,850	1,832	1,520	958.66
Long-Term Debt	1,890	1,865	1,618	179.47	191.22	420.9
Long-Term Leases	1.3	107.63	63.32	90.36	150.98	116.56
Long-Term Unearned Revenue	130.13	123.01	98.92	33.1	15.26	9.09
Long-Term Deferred Tax Liabilities	19.17	21.5	23.03	19.49	20.41	20.17
Other Long-Term Liabilities	519.43	308.21	30.13	-	-	-
Total Liabilities	6,143	5,568	4,684	2,155	1,898	1,525
Common Stock	76.83	76.83	76.83	77.16	77.41	73.36
Additional Paid-In Capital	163.88	163.88	434.29	472.17	480.48	256.75
Retained Earnings	92.59	136.98	105.63	472.57	494.56	547.54
Treasury Stock	-10	-10	-10	-7.91	-13.95	-20.25
Comprehensive Income & Other	9.8	8.64	7.05	8.75	8.34	46.26
Total Common Equity	333.1	376.33	613.8	1,023	1,047	903.66
Minority Interest	1,167	1,185	658.7	335	34.45	33.12
Shareholders' Equity	1,500	1,561	1,272	1,358	1,081	936.77
Total Liabilities & Equity	7,643	7,129	5,956	3,512	2,979	2,462
Total Debt	4,634	3,968	3,426	1,843	1,610	1,311
Net Cash (Debt)	-4,055	-3,539	-3,096	-1,683	-1,381	-974.61
Net Cash Per Share	-52.78	-46.07	-40.14	-21.76	-18.57	-13.04
Filing Date Shares Outstanding	76.83	76.33	76.33	76.66	76.83	72.52
Total Common Shares Outstanding	76.83	76.33	76.33	76.66	76.83	72.52
Working Capital	-626.04	-655.2	-1,374	-825.14	-236.31	141.94
Book Value Per Share	4.34	4.93	8.04	13.34	13.63	12.46
Tangible Book Value	24.63	65.76	333.96	735.85	864.66	715.44
Tangible Book Value Per Share	0.32	0.86	4.38	9.60	11.25	9.87
Buildings	-	902.96	652.31	281.33	280.71	213.64
Machinery	-	3,700	2,643	1,114	853.41	579.35
Construction In Progress	-	129.9	1,260	843.19	593.56	568.95

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