SHA:603982 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	376.02	531.9	548.32	566.1	604.1	309.74
Trading Asset Securities	-	-	-	-	100.14	200.33
Cash & Short-Term Investments	376.02	531.9	548.32	566.1	704.24	510.08
Cash Growth	-48.39%	-3.00%	-3.14%	-19.61%	38.06%	88.45%
Accounts Receivable	760.11	1,096	1,078	1,008	810	532.18
Other Receivables	229.61	12.1	15.91	19.13	15.63	10.07
Receivables	989.71	1,109	1,094	1,028	825.63	542.25
Inventory	858.12	837.65	803	786.23	789.34	488.52
Other Current Assets	50.82	61.72	56.6	82.2	154.82	70.09
Total Current Assets	2,275	2,540	2,502	2,462	2,474	1,611
Property, Plant & Equipment	3,783	3,812	3,833	3,716	3,231	1,552
Long-Term Investments	2.5	2.5	-	-	-	-
Other Intangible Assets	186.91	197.23	201.42	206.62	210.29	142.13
Long-Term Accounts Receivable	-	1.44	1.9	-	-	-
Long-Term Deferred Tax Assets	148.99	135.7	98.45	45.21	9	-
Long-Term Deferred Charges	1.84	2.05	2.83	4.36	7.64	8.96
Other Long-Term Assets	57.41	45.78	52.69	355.47	355.37	173.11
Total Assets	6,455	6,742	6,697	6,794	6,291	3,490
Accounts Payable	464.64	647.52	640.41	539.85	565.78	350.72
Accrued Expenses	40.55	113.97	116.95	104.73	79.14	53.73
Short-Term Debt	1,072	1,036	446.07	1,172	884.55	568.93
Current Portion of Long-Term Debt	481.06	376.27	892.14	473.26	99.44	-
Current Portion of Leases	-	2.64	1.31	-	19.49	10.21
Current Income Taxes Payable	4.88	-	-	-	-	2.36
Current Unearned Revenue	5.98	20.07	-	-	0.1	1.36
Other Current Liabilities	130.17	144.43	236.17	240.56	334.98	178.09
Total Current Liabilities	2,199	2,341	2,333	2,531	1,983	1,165
Long-Term Debt	1,925	1,911	2,139	1,854	1,422	460.35
Long-Term Leases	21.35	49.66	197.88	97.85	32.67	8.92
Long-Term Unearned Revenue	187.81	195.06	175.11	-	-	-
Long-Term Deferred Tax Liabilities	-	-	-	-	-	21.93
Total Liabilities	4,333	4,497	4,845	4,483	3,439	1,657
Common Stock	365.13	365.13	272.35	261.37	263.84	201.42
Additional Paid-In Capital	2,941	2,941	2,214	2,126	2,150	998.67
Retained Earnings	-1,199	-1,093	-766.55	-249.81	314.72	483.97
Treasury Stock	-	-	-	-	-38.39	-8.94
Comprehensive Income & Other	14.46	32.09	132.04	173.18	161.95	158.3
Shareholders' Equity	2,121	2,245	1,852	2,311	2,852	1,833
Total Liabilities & Equity	6,455	6,742	6,697	6,794	6,291	3,490
Total Debt	3,499	3,376	3,677	3,598	2,459	1,048
Net Cash (Debt)	-3,123	-2,844	-3,128	-3,031	-1,754	-538.33
Net Cash Per Share	-8.81	-8.58	-11.95	-11.55	-8.52	-2.60
Filing Date Shares Outstanding	365.13	365.13	272.35	261.37	263.84	201.42
Total Common Shares Outstanding	365.13	365.13	272.35	261.37	263.84	201.42
Working Capital	75.5	198.53	168.88	-68.48	490.55	445.52
Book Value Per Share	5.81	6.15	6.80	8.84	10.81	9.10
Tangible Book Value	1,935	2,048	1,651	2,104	2,642	1,691
Tangible Book Value Per Share	5.30	5.61	6.06	8.05	10.01	8.40
Buildings	-	1,310	1,257	1,271	497.97	217.71
Machinery	-	3,315	3,189	2,744	2,229	1,385
Construction In Progress	-	719.35	604.64	615.4	1,186	463.64