SHA:603895 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	134.73	136.46	94.23	142.25	137.2	111.04
Cash & Short-Term Investments	134.73	136.46	94.23	142.25	137.2	111.04
Cash Growth	101.43%	44.82%	-33.76%	3.68%	23.56%	-60.07%
Accounts Receivable	333.43	342.5	323.25	449.04	531.19	415.11
Other Receivables	16.86	13.49	7.06	27.06	10.14	8.96
Receivables	350.29	355.99	330.3	476.1	541.32	424.07
Inventory	359.96	368.42	478.39	582.94	660.17	608.85
Prepaid Expenses	-	-	3.35	3.29	-	0.54
Other Current Assets	77.33	72.04	97.32	74.09	94.17	120.54
Total Current Assets	922.3	932.91	1,004	1,279	1,433	1,265
Property, Plant & Equipment	75.94	77.81	81.32	100.66	143.49	138.32
Long-Term Investments	-	-	-	4.05	4.1	5
Other Intangible Assets	47.53	47.99	45.43	45.75	47.18	15.3
Long-Term Accounts Receivable	-	-	-	-	3.9	-
Long-Term Deferred Tax Assets	34.73	35.58	40.45	41.62	36.01	28.45
Long-Term Deferred Charges	-	-	5.94	15.87	21.52	0.03
Other Long-Term Assets	0.63	0.85	1.32	3.05	4.7	4.61
Total Assets	1,081	1,095	1,178	1,490	1,694	1,457
Accounts Payable	325.91	299.16	373.87	430.84	489.13	496.41
Accrued Expenses	4.64	13.24	35.33	38.67	28.41	21.88
Short-Term Debt	164.47	138.37	147.8	227.33	293.19	37.08
Current Portion of Long-Term Debt	0.19	95.28	82.15	-	-	-
Current Portion of Leases	-	-	0.84	9.42	17.86	7.91
Current Income Taxes Payable	1.72	2.42	-	0	0	-
Current Unearned Revenue	179.19	194.88	255.44	242.1	283.34	251.72
Other Current Liabilities	209.96	243.72	100.17	53.36	89.25	23.32
Total Current Liabilities	886.08	987.06	995.6	1,002	1,201	838.31
Long-Term Debt	70.09	-	101.09	192.43	30	-
Long-Term Leases	0.25	0.3	-	1.74	22.33	20.68
Long-Term Unearned Revenue	-	-	0.05	0.13	0.26	0.39
Long-Term Deferred Tax Liabilities	0.01	-	-	-	0.08	-
Other Long-Term Liabilities	1	1	0.8	0.8	0.8	0.8
Total Liabilities	957.43	988.36	1,098	1,197	1,255	860.18
Common Stock	108.08	108.08	108.08	108.08	108.08	108.08
Additional Paid-In Capital	376.48	376.48	376.48	376.48	376.48	376.48
Retained Earnings	-275.08	-280.3	-298.7	-120.44	-11.99	115.38
Comprehensive Income & Other	-4.25	-4.25	-4.25	-0.81	-0.76	-
Total Common Equity	205.23	200.01	181.62	363.31	471.82	599.95
Minority Interest	-81.54	-93.23	-101.11	-70.48	-32.69	-3.38
Shareholders' Equity	123.7	106.78	80.51	292.84	439.12	596.56
Total Liabilities & Equity	1,081	1,095	1,178	1,490	1,694	1,457
Total Debt	234.99	233.95	331.88	430.92	363.37	65.66
Net Cash (Debt)	-100.27	-97.49	-237.65	-288.68	-226.18	45.38
Net Cash Growth	-	-	-	-	-	-83.68%
Net Cash Per Share	-1.08	-0.90	-2.20	-2.66	-2.09	0.44
Filing Date Shares Outstanding	104.39	101.71	108.08	108.08	108.08	108.08
Total Common Shares Outstanding	104.39	101.71	108.08	108.08	108.08	108.08
Working Capital	36.23	-54.16	7.99	276.94	231.68	426.72
Book Value Per Share	1.97	1.97	1.68	3.36	4.37	5.55
Tangible Book Value	157.7	152.02	136.19	317.56	424.63	584.65
Tangible Book Value Per Share	1.51	1.49	1.26	2.94	3.93	5.41
Buildings	-	-	63.21	62.71	62.71	62.71
Machinery	-	-	74.94	69.06	68.47	61.5
Construction In Progress	-	-	8.41	15.09	14.05	13.21

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