SHA:603990 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	293.97	119.34	478.23	883.34	320.13
Trading Asset Securities	-	40.1	160.06	88.07	321.14
Cash & Short-Term Investments	293.97	159.44	638.29	971.41	641.27
Cash Growth	84.38%	-75.02%	-34.29%	51.48%	-29.28%
Accounts Receivable	183.85	200.48	357.33	239.59	263.47
Other Receivables	278.05	5.32	16.5	8.48	9.12
Receivables	461.9	205.8	373.83	248.07	272.59
Inventory	31.43	40.74	76.38	32.45	36.4
Prepaid Expenses	-	-	-	-	3.25
Other Current Assets	9.99	2,346	137.17	12.24	11.38
Total Current Assets	797.3	2,752	1,226	1,264	964.89
Property, Plant & Equipment	221.54	211.45	2,408	206.55	216.87
Long-Term Investments	28.9	34.67	42.4	45.97	40.08
Goodwill	31.17	31.17	31.17	31.17	31.17
Other Intangible Assets	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	4.97	4.53	21.67	17.8	11.66
Long-Term Deferred Charges	15.6	0.49	76.04	1.28	2.64
Other Long-Term Assets	15.19	15.59	23.32	3.22	3.31
Total Assets	1,243	3,164	3,915	1,630	1,312
Accounts Payable	43.56	31.4	845.85	31.7	43.49
Accrued Expenses	18.28	27.68	51.09	22.13	35.68
Short-Term Debt	177.66	166.04	591.99	154.25	70.08
Current Portion of Long-Term Debt	39.03	49.95	12.01	-	-
Current Portion of Leases	5.17	5.31	151.05	2.98	1.98
Current Income Taxes Payable	0.64	0.86	0.71	2.8	7.59
Current Unearned Revenue	55.23	68.15	70.65	44.82	41.54
Other Current Liabilities	3.46	1,811	134.73	4.44	4.96
Total Current Liabilities	343.03	2,160	1,858	263.11	205.32
Long-Term Debt	16.01	177.27	159.45	-	-
Long-Term Leases	38.11	21.89	796.19	5.96	8.57
Long-Term Unearned Revenue	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	397.15	2,359	2,816	270.78	215.86
Common Stock	306.28	306.28	306.28	235.84	165.46
Additional Paid-In Capital	750.48	750.48	747.49	834.56	674.31
Retained Earnings	-150.63	-189.75	89.73	359.15	325.59
Treasury Stock	-61.37	-61.37	-45.09	-70.69	-70.69
Comprehensive Income & Other	-9.83	-6.01	-2.11	-2.88	0.09
Total Common Equity	834.93	799.63	1,096	1,356	1,095
Minority Interest	10.49	5.15	3.28	3.65	1.72
Shareholders' Equity	845.41	804.79	1,100	1,360	1,096
Total Liabilities & Equity	1,243	3,164	3,915	1,630	1,312
Total Debt	275.98	420.45	1,711	163.18	80.63
Net Cash (Debt)	17.99	-261.01	-1,072	808.23	560.64
Net Cash Growth	-	-	-	44.16%	-27.35%
Net Cash Per Share	0.06	-0.86	-3.50	2.89	2.06
Filing Date Shares Outstanding	301.64	302.68	304.01	303.56	275.68
Total Common Shares Outstanding	301.64	302.68	304.01	303.56	275.68
Working Capital	454.27	591.67	-632.41	1,001	759.57
Book Value Per Share	2.77	2.64	3.61	4.47	3.97
Tangible Book Value	676.87	655.17	979.81	1,266	1,024
Tangible Book Value Per Share	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

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.