SHA:603959 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	43.59	99.62	244.31	523.12	856.54	402.24
Trading Asset Securities	-	-	-	-	3.74	-
Cash & Short-Term Investments	43.59	99.62	244.31	523.12	860.27	402.24
Cash Growth	-61.59%	-59.23%	-53.30%	-39.19%	113.87%	25.58%
Accounts Receivable	807.95	1,056	1,300	1,560	1,821	1,488
Other Receivables	39.18	50.35	41.57	228.92	31.98	34.51
Receivables	847.13	1,106	1,341	1,789	1,853	1,523
Inventory	288.06	365.96	398.34	795.94	520.58	246.02
Prepaid Expenses	-	2.69	3.01	2.66	-	-
Other Current Assets	46.25	21.86	169.2	136.94	188.32	200.17
Total Current Assets	1,225	1,596	2,156	3,248	3,422	2,371
Property, Plant & Equipment	133.9	140.24	155.65	182.2	172.43	102.29
Long-Term Investments	230.05	230.82	223.57	235.72	322.47	310.35
Goodwill	11.56	15.26	19.13	137.2	165.54	155.27
Other Intangible Assets	59.96	66.39	72.97	81.75	87.2	119.27
Long-Term Deferred Tax Assets	221.19	203.54	174.81	141.28	139.37	116.17
Long-Term Deferred Charges	0.15	0.1	0.77	2.66	2.31	1.32
Other Long-Term Assets	12.27	13.1	14.76	16.42	18.08	19.74
Total Assets	1,894	2,266	2,818	4,045	4,330	3,196

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	1,005	1,202	1,439	2,118	2,301	1,044
Accrued Expenses	28.08	79.13	93.61	105.94	130.61	58.09
Short-Term Debt	641.99	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	26.84	1.55	1.35	3.89	4.69	-
Current Unearned Revenue	201.68	204	402.06	488.4	496.62	746.18
Other Current Liabilities	30.29	90.03	103.79	48.12	86.97	94.19
Total Current Liabilities	1,934	2,165	2,623	3,419	3,578	2,515
Long-Term Debt	-	-	-	0.16	-	-
Long-Term Leases	4.57	2.57	1.38	6.82	10.77	2
Long-Term Deferred Tax Liabilities	0.65	2.49	2.47	2.21	4.4	1.49
Other Long-Term Liabilities	28.17	27.49	32.63	17.98	19.14	-
Total Liabilities	1,967	2,197	2,660	3,446	3,612	2,519

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
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	-920.09	-790.14	-635.75	-234.3	-116.33	-124.92
Comprehensive Income & Other	1.93	2.57	2.6	1.85	2.9	2.14
Total Common Equity	-82.39	48.19	139.18	539.92	659.35	649.49
Minority Interest	9.36	20.4	18.76	59.06	57.81	27.4
Shareholders' Equity	-73.03	68.59	157.93	598.98	717.16	676.9
Total Liabilities & Equity	1,894	2,266	2,818	4,045	4,330	3,196

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	646.69	590.27	585.1	661.85	568.95	574.44
Net Cash (Debt)	-603.1	-490.65	-340.79	-138.73	291.32	-172.2
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.20	-0.99	-0.70	-0.28	0.59	-0.35
Filing Date Shares Outstanding	485.08	490.3	490.3	490.3	490.3	490.3
Total Common Shares Outstanding	485.08	490.3	490.3	490.3	490.3	490.3
Working Capital	-708.73	-568.31	-467.25	-171.08	-155.93	-144.02
Book Value Per Share	-0.17	0.10	0.28	1.10	1.34	1.32
Tangible Book Value	-153.91	-33.45	47.08	320.97	406.61	374.96
Tangible Book Value Per Share	-0.32	-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