SHA:605069 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	57.09	60.32	89.07	58.79	179.6	226.39
Trading Asset Securities	-	-	-	-	-	100
Cash & Short-Term Investments	57.09	60.32	89.07	58.79	179.6	326.39
Cash Growth	-9.65%	-32.27%	51.49%	-67.27%	-44.97%	259.29%
Accounts Receivable	969.52	1,050	1,184	1,383	2,085	2,220
Other Receivables	25.21	114.86	107.05	117.32	92.89	61
Receivables	994.73	1,165	1,291	1,501	2,178	2,281
Inventory	1.4	0.08	0	5.31	1.96	2.75
Other Current Assets	111.34	25.61	27.08	27.02	42.3	23.42
Total Current Assets	1,165	1,251	1,407	1,592	2,402	2,634
Property, Plant & Equipment	1.86	1.9	4.59	18.5	13.4	28.57
Long-Term Investments	1.98	1.98	1.98	1.98	1.98	1.98
Other Intangible Assets	3.7	3.85	4.61	5.38	3.48	2.62
Long-Term Accounts Receivable	-	141.11	157.39	243	55.11	141
Long-Term Deferred Tax Assets	54.19	54.19	55.71	57.57	55.99	54.31
Long-Term Deferred Charges	3.46	-	-	-	0.48	1.18
Other Long-Term Assets	1,881	1,732	1,752	1,660	1,690	1,651
Total Assets	3,111	3,186	3,383	3,578	4,223	4,514
Accounts Payable	835.78	966.11	888.96	829.68	944.93	1,137
Accrued Expenses	29.3	66.57	70.98	64.94	52.85	31.4
Short-Term Debt	238.85	116.35	108	123.1	282.26	285.34
Current Portion of Long-Term Debt	27.56	9	62.8	83.84	61.85	54
Current Portion of Leases	-	0.09	5.46	15.76	7.47	14.26
Current Income Taxes Payable	2.52	0.05	0.15	-	0.02	0.15
Current Unearned Revenue	6.29	5.52	3.06	11.26	42.11	4.72
Other Current Liabilities	264.95	267.04	318.39	282.07	214.62	207
Total Current Liabilities	1,405	1,431	1,458	1,411	1,606	1,734
Long-Term Debt	822.5	844	845.31	908.11	931.15	783
Long-Term Leases	-	-	0.14	3.66	1.49	9.23
Long-Term Deferred Tax Liabilities	0.01	0.01	0.37	2.58	1.75	-
Other Long-Term Liabilities	69.31	69.31	69.31	67.87	65.04	-
Total Liabilities	2,297	2,344	2,373	2,393	2,606	2,526
Common Stock	211.7	211.7	211.7	211.7	211.7	162.84
Additional Paid-In Capital	855.33	855.33	855.33	855.33	855.33	904.18
Retained Earnings	-359.72	-346.82	-189.54	-21.64	410.63	782.39
Treasury Stock	-20.05	-5.9	-4.9	-	-	-
Total Common Equity	687.25	714.31	872.58	1,045	1,478	1,849
Minority Interest	126.47	127.94	137.84	139.59	139.35	138.39
Shareholders' Equity	813.72	842.25	1,010	1,185	1,617	1,988
Total Liabilities & Equity	3,111	3,186	3,383	3,578	4,223	4,514
Total Debt	1,089	969.44	1,022	1,134	1,284	1,146
Net Cash (Debt)	-1,032	-909.11	-932.65	-1,076	-1,105	-819.44
Net Cash Per Share	-4.83	-4.28	-4.39	-5.08	-5.21	-4.64
Filing Date Shares Outstanding	215.05	211	211.7	211.7	211.7	211.7
Total Common Shares Outstanding	215.05	211	211.7	211.7	211.7	211.7
Working Capital	-240.69	-179.48	-50.67	181.09	795.77	899.84
Book Value Per Share	3.20	3.39	4.12	4.94	6.98	8.74
Tangible Book Value	683.55	710.45	867.97	1,040	1,474	1,847
Tangible Book Value Per Share	3.18	3.37	4.10	4.91	6.96	8.72
Buildings	-	1.63	1.63	1.63	1.63	1.63
Machinery	-	14.86	15.36	17.85	20.31	21.11

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