SHA:605199 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	78.21	254.29	522.69	480.37	487.68
Cash & Short-Term Investments	78.21	254.29	522.69	480.37	487.68
Cash Growth	-69.24%	-51.35%	8.81%	-1.50%	41.00%
Accounts Receivable	426.72	416.74	469.77	453.68	355.42
Other Receivables	20.23	2.81	6.3	2.92	4.18
Receivables	446.95	419.55	476.06	456.6	359.6
Inventory	254.34	446.77	280.5	213.56	213.23
Other Current Assets	101.81	98.87	63.28	96.73	26.32
Total Current Assets	881.3	1,219	1,343	1,247	1,087
Property, Plant & Equipment	1,412	1,382	1,263	802.62	529.36
Long-Term Investments	16.68	18.42	20.44	20.1	-
Goodwill	-	12.11	12.11	-	-
Other Intangible Assets	192.05	182	160.05	102.36	113.99
Long-Term Deferred Tax Assets	10.42	13.56	8.33	5.1	8.12
Long-Term Deferred Charges	86.63	95.18	87.84	55.55	22.63
Other Long-Term Assets	3.76	41.86	44.95	79.08	-
Total Assets	2,603	2,965	2,939	2,312	1,761
Accounts Payable	539.97	404.37	194.16	139.92	44.75
Accrued Expenses	39.91	41.87	38.65	48.16	145.99
Short-Term Debt	433.88	411.32	420.62	500.95	438.98
Current Portion of Long-Term Debt	192.13	262.17	118.52	0.13	52.08
Current Portion of Leases	-	41.95	2.98	4.5	4.05
Current Income Taxes Payable	26.98	1.19	9.4	2.13	1.28
Current Unearned Revenue	74.88	126.87	120.42	262.18	66
Other Current Liabilities	133.65	148.33	152.33	98.93	40.81
Total Current Liabilities	1,441	1,438	1,057	1,057	793.95
Long-Term Debt	545.4	589.54	737.43	177.61	-
Long-Term Leases	1.22	93.81	2.07	0.79	4.1
Long-Term Unearned Revenue	111.16	96.92	76.23	61.5	32.36
Long-Term Deferred Tax Liabilities	2.21	2.74	2.95	-	-
Other Long-Term Liabilities	43.54	0.18	-	-	-
Total Liabilities	2,145	2,221	1,876	1,297	830.41
Common Stock	400.11	400.11	400.11	400.11	400.11
Additional Paid-In Capital	290.56	290.56	290.56	290.56	290.56
Retained Earnings	-278.18	9.59	334.07	323.21	237.53
Comprehensive Income & Other	0.21	0.28	-	-	-
Total Common Equity	412.7	700.55	1,025	1,014	928.21
Minority Interest	45.32	42.73	38.99	1.38	2.32
Shareholders' Equity	458.02	743.28	1,064	1,015	930.52
Total Liabilities & Equity	2,603	2,965	2,939	2,312	1,761
Total Debt	1,173	1,399	1,282	683.98	499.21
Net Cash (Debt)	-1,094	-1,145	-758.92	-203.61	-11.53
Net Cash Per Share	-2.74	-2.88	-2.10	-0.50	-0.03
Filing Date Shares Outstanding	475.13	400.11	400.11	400.11	400.11
Total Common Shares Outstanding	475.13	400.11	400.11	400.11	400.11
Working Capital	-560.09	-218.6	285.45	190.37	292.88
Book Value Per Share	0.87	1.75	2.56	2.53	2.32
Tangible Book Value	220.66	506.45	852.58	911.53	814.21
Tangible Book Value Per Share	0.46	1.27	2.13	2.28	2.03
Buildings	-	905.07	353.33	318.42	304.62
Machinery	-	531.56	306.73	273.68	273.15
Construction In Progress	-	252.92	873.63	433.13	149.69

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