SHA:688165 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	715.07	787.65	615.24	338.8	424.3
Trading Asset Securities	115.55	98.38	6.33	435.39	440.96
Cash & Short-Term Investments	830.62	886.03	621.57	774.19	865.26
Cash Growth	-6.25%	42.55%	-19.71%	-10.53%	-16.25%
Accounts Receivable	1,013	1,214	1,157	1,090	889.97
Other Receivables	58.65	121.22	130.32	28.75	16.31
Receivables	1,072	1,335	1,287	1,119	906.29
Inventory	246.16	260.6	276.17	322.12	251.83
Other Current Assets	85.88	98.05	92.9	125.3	112.71
Total Current Assets	2,234	2,580	2,278	2,340	2,136
Property, Plant & Equipment	338.09	284.38	266.74	287.01	296.33
Long-Term Investments	136.68	223.49	272.25	96.29	88.29
Goodwill	99.03	191.02	199.37	259.27	252.25
Other Intangible Assets	106.87	115.29	130.58	165.55	175.02
Long-Term Accounts Receivable	-	-	-	-	0
Long-Term Deferred Tax Assets	296.52	230.04	175.32	176.33	122.75
Long-Term Deferred Charges	3.3	1.89	1.59	1.15	0.48
Other Long-Term Assets	18.75	13.76	15.77	-	6.28
Total Assets	3,234	3,640	3,340	3,326	3,077
Accounts Payable	403.93	496.28	417.05	375.76	251.57
Accrued Expenses	150.7	123.37	137.52	153.84	129.09
Short-Term Debt	71.95	128.17	356.86	426.83	339.6
Current Portion of Long-Term Debt	356.75	214.23	100.7	121.9	71.67
Current Portion of Leases	10.04	7.56	11.08	9.49	10.68
Current Income Taxes Payable	5.01	32.62	9.07	1.34	2.35
Current Unearned Revenue	74.09	96.57	86.9	142.7	67.4
Other Current Liabilities	114.77	98.72	57.07	78.73	54.92
Total Current Liabilities	1,187	1,198	1,176	1,311	927.27
Long-Term Debt	630.71	584.67	185.08	77.77	93.15
Long-Term Leases	4.55	9.8	12.16	28.09	30.37
Long-Term Unearned Revenue	114.05	96.01	89.89	78.34	46.97
Pension & Post-Retirement Benefits	33.72	31.37	35.41	31.77	43.34
Long-Term Deferred Tax Liabilities	12.13	29.76	36.38	42.02	43.86
Other Long-Term Liabilities	-	-	-	-	8.52
Total Liabilities	1,982	1,949	1,535	1,569	1,193
Common Stock	521.78	521.78	521.78	521.78	521.78
Additional Paid-In Capital	2,069	2,051	2,039	2,037	2,032
Retained Earnings	-1,403	-906.26	-749.1	-701.66	-528.79
Comprehensive Income & Other	30.37	-53.95	-12.23	-106.02	-148.6
Total Common Equity	1,218	1,612	1,799	1,751	1,876
Minority Interest	33.53	78.12	5.3	6.11	7.71
Shareholders' Equity	1,251	1,690	1,804	1,757	1,884
Total Liabilities & Equity	3,234	3,640	3,340	3,326	3,077
Total Debt	1,074	944.43	665.89	664.08	545.47
Net Cash (Debt)	-243.38	-58.4	-44.32	110.11	319.79
Net Cash Growth	-	-	-	-65.57%	-48.59%
Net Cash Per Share	-0.47	-0.11	-0.08	0.21	0.61
Filing Date Shares Outstanding	521.78	521.78	521.78	521.78	521.78
Total Common Shares Outstanding	521.78	521.78	521.78	521.78	521.78
Working Capital	1,047	1,382	1,102	1,030	1,209
Book Value Per Share	2.33	3.09	3.45	3.36	3.60
Tangible Book Value	1,012	1,306	1,469	1,326	1,449
Tangible Book Value Per Share	1.94	2.50	2.82	2.54	2.78
Land	30.31	32.68	34.12	32.64	31.37
Buildings	173.06	183.48	184.03	193.76	191.76
Machinery	264.85	216.3	183.01	207.53	196.56
Construction In Progress	50.33	8.37	7.66	2.18	4.7

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