SHA:603822 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	428.97	328.97	160.61	229.45	336.7
Trading Asset Securities	-	1	-	-	-
Cash & Short-Term Investments	428.97	329.97	160.61	229.45	336.7
Cash Growth	30.00%	105.45%	-30.00%	-31.85%	13.27%
Accounts Receivable	294.29	60.27	131.16	150.36	55.71
Other Receivables	386.24	52.23	79.37	96.75	29.3
Receivables	680.53	112.5	210.53	247.11	85.01
Inventory	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	316.04	369.32	132.27	157.81	153.56
Total Current Assets	2,487	1,477	1,007	1,283	1,101
Property, Plant & Equipment	3,964	4,050	1,869	1,446	1,093
Goodwill	67.28	67.28	67.28	67.28	75.82
Other Intangible Assets	243.29	212.56	219.61	114.9	112.4
Long-Term Deferred Tax Assets	209.52	112.86	85.66	51.43	9.11
Long-Term Deferred Charges	62.47	11.55	13.41	7.52	3.6
Other Long-Term Assets	95.3	25.17	250.35	8.13	67.94
Total Assets	7,129	5,956	3,512	2,979	2,462
Accounts Payable	842.79	852.68	215.93	186.05	102.91
Accrued Expenses	47.08	32.3	21.48	45.17	72.2
Short-Term Debt	1,438	1,497	1,274	1,070	653.39
Current Portion of Long-Term Debt	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	48.57	0.38	0.87	0.1	-
Current Unearned Revenue	34.73	68.93	4.01	17.74	5.43
Other Current Liabilities	173.6	151.29	16.45	2.45	4.28
Total Current Liabilities	3,143	2,850	1,832	1,520	958.66
Long-Term Debt	1,865	1,618	179.47	191.22	420.9
Long-Term Leases	107.63	63.32	90.36	150.98	116.56
Long-Term Unearned Revenue	123.01	98.92	33.1	15.26	9.09
Long-Term Deferred Tax Liabilities	21.5	23.03	19.49	20.41	20.17
Other Long-Term Liabilities	308.21	30.13	-	-	-
Total Liabilities	5,568	4,684	2,155	1,898	1,525
Common Stock	76.83	76.83	77.16	77.41	73.36
Additional Paid-In Capital	163.88	434.29	472.17	480.48	256.75
Retained Earnings	136.98	105.63	472.57	494.56	547.54
Treasury Stock	-10	-10	-7.91	-13.95	-20.25
Comprehensive Income & Other	8.64	7.05	8.75	8.34	46.26
Total Common Equity	376.33	613.8	1,023	1,047	903.66
Minority Interest	1,185	658.7	335	34.45	33.12
Shareholders' Equity	1,561	1,272	1,358	1,081	936.77
Total Liabilities & Equity	7,129	5,956	3,512	2,979	2,462
Total Debt	3,968	3,426	1,843	1,610	1,311
Net Cash (Debt)	-3,539	-3,096	-1,683	-1,381	-974.61
Net Cash Per Share	-46.07	-40.14	-21.76	-18.57	-13.04
Filing Date Shares Outstanding	76.33	76.33	76.66	76.83	72.52
Total Common Shares Outstanding	76.33	76.33	76.66	76.83	72.52
Working Capital	-655.2	-1,374	-825.14	-236.31	141.94
Book Value Per Share	4.93	8.04	13.34	13.63	12.46
Tangible Book Value	65.76	333.96	735.85	864.66	715.44
Tangible Book Value Per Share	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.