SHA:605376 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	45.4	43.25	97.1	95.74	307.42	429.17
Trading Asset Securities	-	-	-	-	3.25	0.76
Cash & Short-Term Investments	45.4	43.25	97.1	95.74	310.68	429.93
Cash Growth	-22.85%	-55.46%	1.43%	-69.18%	-27.74%	-45.62%
Accounts Receivable	385.96	348.37	217.77	217.37	228.11	208.87
Other Receivables	20.08	23.61	16.83	7.46	12.39	45.65
Receivables	406.04	371.97	234.59	224.83	240.5	254.52
Inventory	456.28	306.21	288.82	434.51	497.88	240.57
Prepaid Expenses	-	0.01	0.01	-	-	-
Other Current Assets	102.88	84.46	41.18	39.99	39.94	52.77
Total Current Assets	1,011	805.9	661.72	795.07	1,089	977.78
Property, Plant & Equipment	1,277	1,243	954.83	1,001	867.81	690.27
Long-Term Investments	72.14	87.06	14.78	-	-	-
Other Intangible Assets	91.56	92.33	95.41	98.5	88.29	74.32
Long-Term Deferred Tax Assets	16.62	18.93	18.78	13.92	9.89	5.53
Long-Term Deferred Charges	8.1	8.52	10.16	14	16.68	18.84
Other Long-Term Assets	25.62	32.26	31.53	19.15	5.87	25.91
Total Assets	2,501	2,288	1,787	1,942	2,078	1,793
Accounts Payable	129.56	170.09	53.26	105.67	83.2	119.06
Accrued Expenses	28.6	51.38	35.2	37.4	30.88	36.66
Short-Term Debt	448.73	260.08	80	80.07	219.84	-
Current Portion of Long-Term Debt	-	-	-	60.06	-	-
Current Portion of Leases	-	7.03	4.91	5.27	4.49	2.38
Current Income Taxes Payable	-	3.23	2.51	0.58	0.83	17.13
Current Unearned Revenue	23.62	11.39	0.93	1.51	1.24	2.07
Other Current Liabilities	33.99	4.02	8	29.67	2.86	7.87
Total Current Liabilities	664.52	507.21	184.81	320.23	343.34	185.17
Long-Term Leases	33.38	21.48	18.68	15.22	18.4	7.67
Long-Term Unearned Revenue	43.25	44.49	48.67	28	26.69	11.92
Total Liabilities	741.14	573.18	252.16	363.44	388.43	204.77
Common Stock	261.6	261.6	261.6	261.6	261.6	261.6
Additional Paid-In Capital	707.93	707.93	707.9	707.9	707.9	707.9
Retained Earnings	790.81	745.35	565.4	608.72	719.51	618.35
Comprehensive Income & Other	-0.03	-0.02	-0.02	0.05	0.11	0.02
Total Common Equity	1,760	1,715	1,535	1,578	1,689	1,588
Minority Interest	-	-	0.16	-	-	-
Shareholders' Equity	1,760	1,715	1,535	1,578	1,689	1,588
Total Liabilities & Equity	2,501	2,288	1,787	1,942	2,078	1,793
Total Debt	482.11	288.58	103.59	160.62	242.72	10.05
Net Cash (Debt)	-436.72	-245.34	-6.48	-64.88	67.96	419.88
Net Cash Growth	-	-	-	-	-83.81%	-44.05%
Net Cash Per Share	-1.67	-0.94	-0.02	-0.24	0.26	1.61
Filing Date Shares Outstanding	265.28	261.6	261.6	261.6	261.6	261.6
Total Common Shares Outstanding	265.28	261.6	261.6	261.6	261.6	261.6
Working Capital	346.08	298.69	476.9	474.84	745.66	792.61
Book Value Per Share	6.64	6.56	5.87	6.03	6.46	6.07
Tangible Book Value	1,669	1,623	1,439	1,480	1,601	1,514
Tangible Book Value Per Share	6.29	6.20	5.50	5.66	6.12	5.79
Buildings	-	541.34	493.77	489.89	403.62	231.32
Machinery	-	877.68	679.14	643.55	571.07	469.34
Construction In Progress	-	136.22	40.41	57.33	14.67	96.71

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