SHA:603959 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	99.62	244.31	523.12	856.54	402.24
Trading Asset Securities	-	-	-	3.74	-
Cash & Short-Term Investments	99.62	244.31	523.12	860.27	402.24
Cash Growth	-59.23%	-53.30%	-39.19%	113.87%	25.58%
Accounts Receivable	1,056	1,300	1,560	1,821	1,488
Other Receivables	50.35	41.57	228.92	31.98	34.51
Receivables	1,106	1,341	1,789	1,853	1,523
Inventory	365.96	398.34	795.94	520.58	246.02
Prepaid Expenses	-	3.01	2.66	-	-
Other Current Assets	24.54	169.2	136.94	188.32	200.17
Total Current Assets	1,596	2,156	3,248	3,422	2,371
Property, Plant & Equipment	140.24	155.65	182.2	172.43	102.29
Long-Term Investments	230.82	223.57	235.72	322.47	310.35
Goodwill	15.26	19.13	137.2	165.54	155.27
Other Intangible Assets	66.39	72.97	81.75	87.2	119.27
Long-Term Deferred Tax Assets	203.54	174.81	141.28	139.37	116.17
Long-Term Deferred Charges	0.1	0.77	2.66	2.31	1.32
Other Long-Term Assets	13.1	14.76	16.42	18.08	19.74
Total Assets	2,266	2,818	4,045	4,330	3,196
Accounts Payable	1,202	1,439	2,118	2,301	1,044
Accrued Expenses	47.24	93.61	105.94	130.61	58.09
Short-Term Debt	584.57	576.09	646.08	547.69	567.2
Current Portion of Long-Term Debt	3.13	-	0.12	-	-
Current Portion of Leases	-	5.02	8.68	10.49	5.24
Current Income Taxes Payable	33.62	1.35	3.89	4.69	-
Current Unearned Revenue	203.91	402.06	488.4	496.62	746.18
Other Current Liabilities	89.95	106.39	48.12	86.97	94.19
Total Current Liabilities	2,165	2,623	3,419	3,578	2,515
Long-Term Debt	-	-	0.16	-	-
Long-Term Leases	2.57	1.38	6.82	10.77	2
Long-Term Deferred Tax Liabilities	2.49	2.47	2.21	4.4	1.49
Other Long-Term Liabilities	27.49	32.63	17.98	19.14	-
Total Liabilities	2,197	2,660	3,446	3,612	2,519
Common Stock	490.3	490.3	490.3	490.3	490.3
Additional Paid-In Capital	345.47	282.03	282.07	282.48	281.97
Retained Earnings	-790.14	-635.75	-234.3	-116.33	-124.92
Comprehensive Income & Other	2.57	2.6	1.85	2.9	2.14
Total Common Equity	48.19	139.18	539.92	659.35	649.49
Minority Interest	20.4	18.76	59.06	57.81	27.4
Shareholders' Equity	68.59	157.93	598.98	717.16	676.9
Total Liabilities & Equity	2,266	2,818	4,045	4,330	3,196
Total Debt	590.27	582.5	661.85	568.95	574.44
Net Cash (Debt)	-490.65	-338.19	-138.73	291.32	-172.2
Net Cash Per Share	-0.99	-0.69	-0.28	0.59	-0.35
Filing Date Shares Outstanding	549.59	490.3	490.3	490.3	490.3
Total Common Shares Outstanding	549.59	490.3	490.3	490.3	490.3
Working Capital	-568.31	-467.25	-171.08	-155.93	-144.02
Book Value Per Share	0.09	0.28	1.10	1.34	1.32
Tangible Book Value	-33.45	47.08	320.97	406.61	374.96
Tangible Book Value Per Share	-0.06	0.10	0.65	0.83	0.76
Buildings	-	175.82	175.82	158.55	61.01
Machinery	-	48.12	55.63	46.83	29.19
Construction In Progress	-	-	-	1.06	56.83

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