SHA:603990 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	398.43	293.97	119.34	478.23	883.34	320.13
Trading Asset Securities	140	-	40.1	160.06	88.07	321.14
Cash & Short-Term Investments	538.43	293.97	159.44	638.29	971.41	641.27
Cash Growth	71.14%	84.38%	-75.02%	-34.29%	51.48%	-29.28%
Accounts Receivable	184.08	183.85	200.48	357.33	239.59	263.47
Other Receivables	4.75	278.05	5.32	16.5	8.48	9.12
Receivables	188.83	461.9	205.8	373.83	248.07	272.59
Inventory	33.55	31.43	40.74	76.38	32.45	36.4
Prepaid Expenses	-	-	-	-	-	3.25
Other Current Assets	11.18	9.99	2,346	137.17	12.24	11.38
Total Current Assets	772	797.3	2,752	1,226	1,264	964.89
Property, Plant & Equipment	217.45	221.54	211.45	2,408	206.55	216.87
Long-Term Investments	28.52	28.9	34.67	42.4	45.97	40.08
Goodwill	31.17	31.17	31.17	31.17	31.17	31.17
Other Intangible Assets	108.52	126.89	113.29	85.33	58.78	40.01
Long-Term Accounts Receivable	-	1.03	1.26	1.38	1.49	1.7
Long-Term Deferred Tax Assets	5.05	4.97	4.53	21.67	17.8	11.66
Long-Term Deferred Charges	36.54	15.6	0.49	76.04	1.28	2.64
Other Long-Term Assets	16.15	15.19	15.59	23.32	3.22	3.31
Total Assets	1,215	1,243	3,164	3,915	1,630	1,312
Accounts Payable	36.23	43.56	31.4	845.85	31.7	43.49
Accrued Expenses	12.9	18.28	27.68	51.09	22.13	35.68
Short-Term Debt	191.93	177.66	166.04	591.99	154.25	70.08
Current Portion of Long-Term Debt	33.25	39.03	49.95	12.01	-	-
Current Portion of Leases	-	5.17	5.31	151.05	2.98	1.98
Current Income Taxes Payable	3.17	0.64	0.86	0.71	2.8	7.59
Current Unearned Revenue	47.82	55.23	68.15	70.65	44.82	41.54
Other Current Liabilities	3.4	3.46	1,811	134.73	4.44	4.96
Total Current Liabilities	328.71	343.03	2,160	1,858	263.11	205.32
Long-Term Debt	-	16.01	177.27	159.45	-	-
Long-Term Leases	37.04	38.11	21.89	796.19	5.96	8.57
Long-Term Unearned Revenue	0	0	0.17	0.31	0.66	1.04
Long-Term Deferred Tax Liabilities	-	-	-	0.13	0.08	0.19
Other Long-Term Liabilities	-	-	-	1.55	0.98	0.74
Total Liabilities	365.75	397.15	2,359	2,816	270.78	215.86
Common Stock	306.28	306.28	306.28	306.28	235.84	165.46
Additional Paid-In Capital	627.06	750.48	750.48	747.49	834.56	674.31
Retained Earnings	-23.35	-150.63	-189.75	89.73	359.15	325.59
Treasury Stock	-61.37	-61.37	-61.37	-45.09	-70.69	-70.69
Comprehensive Income & Other	-9.83	-9.83	-6.01	-2.11	-2.88	0.09
Total Common Equity	838.79	834.93	799.63	1,096	1,356	1,095
Minority Interest	10.84	10.49	5.15	3.28	3.65	1.72
Shareholders' Equity	849.63	845.41	804.79	1,100	1,360	1,096
Total Liabilities & Equity	1,215	1,243	3,164	3,915	1,630	1,312
Total Debt	262.22	275.98	420.45	1,711	163.18	80.63
Net Cash (Debt)	276.21	17.99	-261.01	-1,072	808.23	560.64
Net Cash Growth	73623.97%	-	-	-	44.16%	-27.35%
Net Cash Per Share	0.85	0.06	-0.86	-3.50	2.89	2.06
Filing Date Shares Outstanding	384.63	301.64	302.68	304.01	303.56	275.68
Total Common Shares Outstanding	384.63	301.64	302.68	304.01	303.56	275.68
Working Capital	443.29	454.27	591.67	-632.41	1,001	759.57
Book Value Per Share	2.18	2.77	2.64	3.61	4.47	3.97
Tangible Book Value	699.1	676.87	655.17	979.81	1,266	1,024
Tangible Book Value Per Share	1.82	2.24	2.16	3.22	4.17	3.71
Buildings	-	183.01	183.01	178.49	195.78	195.78
Machinery	-	83.68	79.62	393.24	72.06	69.46
Construction In Progress	-	1.37	2.38	1,246	-	0.67