SHA:605122 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	236.92	257.13	257.52	427.28	512.22	650.27
Trading Asset Securities	0.05	0.04	-	-	-	100
Cash & Short-Term Investments	236.98	257.17	257.52	427.28	512.22	750.27
Cash Growth	-25.10%	-0.14%	-39.73%	-16.58%	-31.73%	502.98%
Accounts Receivable	1,840	1,964	2,412	2,602	2,360	1,873
Other Receivables	7.29	6.61	7.65	16.76	18.48	14.88
Receivables	1,847	1,971	2,420	2,619	2,379	1,888
Inventory	25.6	25.38	30.61	41.29	32.89	20.98
Prepaid Expenses	-	-	0.15	0.44	0.62	0.68
Other Current Assets	12.74	17.34	12.44	37.86	36.84	6.66
Total Current Assets	2,122	2,270	2,721	3,125	2,961	2,666
Property, Plant & Equipment	322.17	336.69	559.08	651.76	704.32	429.62
Long-Term Investments	6.21	6.21	10.3	10.89	10.89	11.34
Goodwill	2.3	2.3	100.57	227.58	237.65	18.46
Other Intangible Assets	273.4	275.12	292.88	323.12	284.35	321.39
Long-Term Deferred Tax Assets	47.28	48.04	120	108.64	97.78	38.23
Long-Term Deferred Charges	4.5	4.63	7.24	10.02	13.76	12.12
Other Long-Term Assets	255.72	209.22	147.74	46.16	42.7	29.31
Total Assets	3,034	3,153	3,959	4,504	4,353	3,527
Accounts Payable	811.9	892.02	1,008	1,184	1,007	531.64
Accrued Expenses	12.1	13.23	21.5	32.79	35.51	30.44
Short-Term Debt	248.79	267.46	421.67	443.71	426.12	198.76
Current Portion of Long-Term Debt	57.24	78.35	104.6	130.68	45.47	21.63
Current Portion of Leases	-	-	28.37	21.37	29.25	13.61
Current Income Taxes Payable	5.05	3.38	4.65	10.24	11.35	30.03
Current Unearned Revenue	2.56	3.6	7.87	4.23	5.68	4.81
Other Current Liabilities	8.93	9.97	19.39	46.24	64.1	37.91
Total Current Liabilities	1,147	1,268	1,616	1,873	1,625	868.84
Long-Term Debt	84.5	85	104.93	189.28	260.58	85.63
Long-Term Leases	9.31	9.25	110.15	127.2	144.75	143.11
Long-Term Unearned Revenue	45.34	46.64	51.82	57	62.19	67.37
Long-Term Deferred Tax Liabilities	6.83	7.04	25.09	31.4	40.56	18.46
Other Long-Term Liabilities	5.01	4.97	5.61	3.61	10.5	18.55
Total Liabilities	1,298	1,421	1,914	2,282	2,143	1,202
Common Stock	172.35	172.35	172.35	172.35	172.35	172.35
Additional Paid-In Capital	1,337	1,337	1,337	1,337	1,337	1,337
Retained Earnings	215.7	209.05	516.91	684.99	672.03	783.31
Comprehensive Income & Other	12.98	14.21	19.23	20.36	21.17	19.67
Total Common Equity	1,738	1,733	2,046	2,215	2,203	2,313
Minority Interest	-2.17	-1.17	-1.1	6.97	6.69	12.25
Shareholders' Equity	1,736	1,732	2,045	2,222	2,210	2,325
Total Liabilities & Equity	3,034	3,153	3,959	4,504	4,353	3,527
Total Debt	399.85	440.05	769.72	912.24	906.17	462.74
Net Cash (Debt)	-162.87	-182.88	-512.2	-484.96	-393.95	287.53
Net Cash Per Share	-0.98	-1.06	-2.96	-2.99	-2.30	1.74
Filing Date Shares Outstanding	166.48	176.75	172.35	172.35	172.35	172.35
Total Common Shares Outstanding	166.48	176.75	172.35	172.35	172.35	172.35
Working Capital	975.65	1,002	1,105	1,252	1,337	1,798
Book Value Per Share	10.44	9.80	11.87	12.85	12.78	13.42
Tangible Book Value	1,463	1,456	1,652	1,664	1,681	1,973
Tangible Book Value Per Share	8.79	8.24	9.59	9.66	9.75	11.45
Buildings	-	-	409.34	388.42	222.16	133.47
Machinery	-	-	368.51	368.24	383.18	320.26
Construction In Progress	-	-	-	18.05	188.85	3.05

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