SHA:605199 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	76.57	78.21	254.29	522.69	480.37	487.68
Cash & Short-Term Investments	76.57	78.21	254.29	522.69	480.37	487.68
Cash Growth	-52.75%	-69.24%	-51.35%	8.81%	-1.50%	41.00%
Accounts Receivable	432.52	426.72	416.74	469.77	453.68	355.42
Other Receivables	20.53	20.23	2.81	6.3	2.92	4.18
Receivables	453.05	446.95	419.55	476.06	456.6	359.6
Inventory	226.73	254.34	446.77	280.5	213.56	213.23
Other Current Assets	96.86	101.81	98.87	63.28	96.73	26.32
Total Current Assets	853.21	881.3	1,219	1,343	1,247	1,087
Property, Plant & Equipment	1,396	1,412	1,382	1,263	802.62	529.36
Long-Term Investments	15.91	16.68	18.42	20.44	20.1	-
Goodwill	-	-	12.11	12.11	-	-
Other Intangible Assets	189.62	192.05	182	160.05	102.36	113.99
Long-Term Deferred Tax Assets	10.36	10.42	13.56	8.33	5.1	8.12
Long-Term Deferred Charges	87.31	86.63	95.18	87.84	55.55	22.63
Other Long-Term Assets	3.83	3.76	41.86	44.95	79.08	-
Total Assets	2,556	2,603	2,965	2,939	2,312	1,761
Accounts Payable	555.68	539.97	404.37	194.16	139.92	44.75
Accrued Expenses	39.85	39.91	41.87	38.65	48.16	145.99
Short-Term Debt	427.01	433.88	411.32	420.62	500.95	438.98
Current Portion of Long-Term Debt	105.43	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	29.15	26.98	1.19	9.4	2.13	1.28
Current Unearned Revenue	72.49	74.88	126.87	120.42	262.18	66
Other Current Liabilities	134.06	133.65	148.33	152.33	98.93	40.81
Total Current Liabilities	1,364	1,441	1,438	1,057	1,057	793.95
Long-Term Debt	614.98	545.4	589.54	737.43	177.61	-
Long-Term Leases	1	1.22	93.81	2.07	0.79	4.1
Long-Term Unearned Revenue	111.61	111.16	96.92	76.23	61.5	32.36
Long-Term Deferred Tax Liabilities	2.13	2.21	2.74	2.95	-	-
Other Long-Term Liabilities	33.12	43.54	0.18	-	-	-
Total Liabilities	2,127	2,145	2,221	1,876	1,297	830.41
Common Stock	400.11	400.11	400.11	400.11	400.11	400.11
Additional Paid-In Capital	290.56	290.56	290.56	290.56	290.56	290.56
Retained Earnings	-307.14	-278.18	9.59	334.07	323.21	237.53
Comprehensive Income & Other	0.18	0.21	0.28	-	-	-
Total Common Equity	383.71	412.7	700.55	1,025	1,014	928.21
Minority Interest	45.84	45.32	42.73	38.99	1.38	2.32
Shareholders' Equity	429.55	458.02	743.28	1,064	1,015	930.52
Total Liabilities & Equity	2,556	2,603	2,965	2,939	2,312	1,761
Total Debt	1,148	1,173	1,399	1,282	683.98	499.21
Net Cash (Debt)	-1,072	-1,094	-1,145	-758.92	-203.61	-11.53
Net Cash Per Share	-2.67	-2.74	-2.88	-2.10	-0.50	-0.03
Filing Date Shares Outstanding	413.69	475.13	400.11	400.11	400.11	400.11
Total Common Shares Outstanding	413.69	475.13	400.11	400.11	400.11	400.11
Working Capital	-510.46	-560.09	-218.6	285.45	190.37	292.88
Book Value Per Share	0.93	0.87	1.75	2.56	2.53	2.32
Tangible Book Value	194.09	220.66	506.45	852.58	911.53	814.21
Tangible Book Value Per Share	0.47	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.