SHA:603863 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	11.43	15.38	61.95	36.65	11.57	275.8
Cash & Short-Term Investments	11.43	15.38	61.95	36.65	11.57	275.8
Cash Growth	-75.80%	-75.18%	69.01%	216.81%	-95.80%	8.67%
Accounts Receivable	4.43	13.23	25.87	57.55	55.11	89.64
Other Receivables	12.64	10.34	6.3	44.52	0.38	0.28
Receivables	17.07	23.57	32.18	102.07	55.48	89.92
Inventory	32	42.31	76.98	80.39	77.09	98.07
Other Current Assets	14.24	7.25	10.22	5.5	8.43	15.58
Total Current Assets	74.74	88.51	181.33	224.61	152.58	479.37
Property, Plant & Equipment	602.02	635.29	750.91	930.87	985.58	1,003
Long-Term Investments	-	-	54.9	48.51	138.75	100
Other Intangible Assets	136.56	180.26	185.19	206.07	211.45	185.63
Long-Term Accounts Receivable	-	-	1.29	1.23	-	-
Long-Term Deferred Tax Assets	-	-	-	-	-	3.46
Long-Term Deferred Charges	41.85	43.48	24.24	27.35	32.56	28.28
Other Long-Term Assets	61.47	62.06	104.56	48.84	62.72	46.56
Total Assets	916.63	1,010	1,302	1,487	1,584	1,846
Accounts Payable	109.59	111.69	145.11	160.58	-	115.42
Accrued Expenses	2.38	3.25	41.08	27.06	54.48	19.1
Short-Term Debt	264.44	265.44	397.42	289.65	157.18	140.17
Current Portion of Long-Term Debt	7.23	9.8	70.48	86.43	54.79	6.93
Current Portion of Leases	-	-	12.97	11.6	1.94	1.69
Current Income Taxes Payable	5.16	8.83	1.62	0	-	-
Current Unearned Revenue	4.52	8.05	21.87	8.5	1.86	4.35
Other Current Liabilities	198.7	268.82	32.01	26.36	129.89	26.1
Total Current Liabilities	592.03	675.89	722.56	610.18	400.14	313.77
Long-Term Debt	72.75	72.75	85.66	178.69	262.32	322.27
Long-Term Leases	1.4	2.11	14.55	24.76	8.13	9.06
Long-Term Unearned Revenue	8.28	8.86	11.16	13.46	15.76	18.07
Other Long-Term Liabilities	-	-	-	-	0.19	-
Total Liabilities	674.47	759.61	833.93	827.09	686.54	663.16
Common Stock	204.65	204.65	204.65	204.65	204.65	205.89
Additional Paid-In Capital	607.88	607.88	607.88	565.63	565.63	574.44
Retained Earnings	-555.35	-550.26	-346.6	-110.98	125.95	403.17
Treasury Stock	-15.02	-15.02	-0.5	-	-	-1.19
Comprehensive Income & Other	-	-	-	0.35	0.14	-0.36
Total Common Equity	242.17	247.26	465.43	659.65	896.37	1,182
Minority Interest	-	2.74	3.06	0.74	0.73	0.71
Shareholders' Equity	242.17	250	468.49	660.39	897.1	1,183
Total Liabilities & Equity	916.63	1,010	1,302	1,487	1,584	1,846
Total Debt	345.83	350.11	581.08	591.12	484.36	480.13
Net Cash (Debt)	-334.39	-334.73	-519.14	-554.46	-472.79	-204.33
Net Cash Per Share	-1.54	-1.64	-2.53	-2.71	-2.30	-0.92
Filing Date Shares Outstanding	254.52	195.04	204.62	204.65	204.65	205.89
Total Common Shares Outstanding	254.52	195.04	204.62	204.65	204.65	205.89
Working Capital	-517.29	-587.38	-541.24	-385.57	-247.56	165.6
Book Value Per Share	0.95	1.27	2.27	3.22	4.38	5.74
Tangible Book Value	105.61	66.99	280.24	453.58	684.92	996.32
Tangible Book Value Per Share	0.41	0.34	1.37	2.22	3.35	4.84
Buildings	-	-	303.39	360.06	346.19	287.1
Machinery	-	-	669.59	725.22	738.37	658.56
Construction In Progress	-	-	22.67	85.83	75.19	171.16

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