SHA:603959 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	64.75	99.62	244.31	523.12	856.54	402.24
Trading Asset Securities	-	-	-	-	3.74	-
Cash & Short-Term Investments	64.75	99.62	244.31	523.12	860.27	402.24
Cash Growth	-68.53%	-59.23%	-53.30%	-39.19%	113.87%	25.58%
Accounts Receivable	993.07	1,056	1,300	1,560	1,821	1,488
Other Receivables	54.18	50.35	41.57	228.92	31.98	34.51
Receivables	1,047	1,106	1,341	1,789	1,853	1,523
Inventory	326.76	365.96	398.34	795.94	520.58	246.02
Prepaid Expenses	-	2.69	3.01	2.66	-	-
Other Current Assets	59.19	21.86	169.2	136.94	188.32	200.17
Total Current Assets	1,498	1,596	2,156	3,248	3,422	2,371
Property, Plant & Equipment	141.17	140.24	155.65	182.2	172.43	102.29
Long-Term Investments	228.32	230.82	223.57	235.72	322.47	310.35
Goodwill	15.26	15.26	19.13	137.2	165.54	155.27
Other Intangible Assets	65.23	66.39	72.97	81.75	87.2	119.27
Long-Term Deferred Tax Assets	214.89	203.54	174.81	141.28	139.37	116.17
Long-Term Deferred Charges	0.17	0.1	0.77	2.66	2.31	1.32
Other Long-Term Assets	12.69	13.1	14.76	16.42	18.08	19.74
Total Assets	2,176	2,266	2,818	4,045	4,330	3,196
Accounts Payable	1,071	1,202	1,439	2,118	2,301	1,044
Accrued Expenses	27.58	79.13	93.61	105.94	130.61	58.09
Short-Term Debt	607.04	584.57	576.09	646.08	547.69	567.2
Current Portion of Long-Term Debt	0.13	-	2.6	0.12	-	-
Current Portion of Leases	-	3.13	5.02	8.68	10.49	5.24
Current Income Taxes Payable	32.24	1.55	1.35	3.89	4.69	-
Current Unearned Revenue	251.93	204	402.06	488.4	496.62	746.18
Other Current Liabilities	131.13	90.03	103.79	48.12	86.97	94.19
Total Current Liabilities	2,121	2,165	2,623	3,419	3,578	2,515
Long-Term Debt	-	-	-	0.16	-	-
Long-Term Leases	8.35	2.57	1.38	6.82	10.77	2
Long-Term Deferred Tax Liabilities	2.44	2.49	2.47	2.21	4.4	1.49
Other Long-Term Liabilities	25.86	27.49	32.63	17.98	19.14	-
Total Liabilities	2,157	2,197	2,660	3,446	3,612	2,519
Common Stock	490.3	490.3	490.3	490.3	490.3	490.3
Additional Paid-In Capital	345.47	345.47	282.03	282.07	282.48	281.97
Retained Earnings	-837.89	-790.14	-635.75	-234.3	-116.33	-124.92
Comprehensive Income & Other	2.51	2.57	2.6	1.85	2.9	2.14
Total Common Equity	0.39	48.19	139.18	539.92	659.35	649.49
Minority Interest	18.06	20.4	18.76	59.06	57.81	27.4
Shareholders' Equity	18.45	68.59	157.93	598.98	717.16	676.9
Total Liabilities & Equity	2,176	2,266	2,818	4,045	4,330	3,196
Total Debt	615.52	590.27	585.1	661.85	568.95	574.44
Net Cash (Debt)	-550.77	-490.65	-340.79	-138.73	291.32	-172.2
Net Cash Per Share	-1.13	-0.99	-0.70	-0.28	0.59	-0.35
Filing Date Shares Outstanding	477.53	490.3	490.3	490.3	490.3	490.3
Total Common Shares Outstanding	477.53	490.3	490.3	490.3	490.3	490.3
Working Capital	-622.62	-568.31	-467.25	-171.08	-155.93	-144.02
Book Value Per Share	0.00	0.10	0.28	1.10	1.34	1.32
Tangible Book Value	-80.1	-33.45	47.08	320.97	406.61	374.96
Tangible Book Value Per Share	-0.17	-0.07	0.10	0.65	0.83	0.76
Buildings	-	175.82	175.82	175.82	158.55	61.01
Machinery	-	42.59	47.85	55.63	46.83	29.19
Construction In Progress	-	-	-	-	1.06	56.83

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