SHA:688306 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	697.43	643.88	637.36	776.99	672.34	336.23
Trading Asset Securities	30	-	25.02	200.25	200.78	-
Cash & Short-Term Investments	727.43	643.88	662.38	977.24	873.11	336.23
Cash Growth	19.64%	-2.79%	-32.22%	11.93%	159.68%	1.57%
Accounts Receivable	321.73	447.36	531.69	381.14	453.66	209.41
Other Receivables	26.54	32.98	27.8	9.23	12.73	8.61
Receivables	348.27	480.34	559.49	390.37	466.39	218.02
Inventory	1,642	1,641	1,618	1,931	1,892	1,498
Other Current Assets	149.44	85.69	78.57	85.47	71.69	74.39
Total Current Assets	2,867	2,851	2,918	3,384	3,303	2,127
Property, Plant & Equipment	766.2	788.47	755.69	748.81	596.26	423.77
Goodwill	688.1	714.55	652.93	682.12	651.11	631.71
Other Intangible Assets	101.86	103.31	104.16	111.85	109.04	102.94
Long-Term Deferred Tax Assets	227.69	241.63	225.4	228.56	147.02	117.79
Long-Term Deferred Charges	5.9	4.75	0.78	0.66	0.97	2.28
Other Long-Term Assets	17.27	17.27	17.27	-	-	-
Total Assets	4,679	4,721	4,674	5,156	4,808	3,405
Accounts Payable	375.36	406.55	317.51	404.93	460.4	332.65
Accrued Expenses	132.73	180.73	146.96	165.56	129.29	130.25
Short-Term Debt	342.63	476.27	105.2	189.85	491.75	561.17
Current Portion of Long-Term Debt	126.75	92.2	591.99	219.77	64.12	200.06
Current Portion of Leases	-	33.89	30.69	32.18	27.14	23.41
Current Income Taxes Payable	23.77	9.74	7.62	0.75	9.29	4.58
Current Unearned Revenue	1,039	1,066	1,313	1,458	1,055	772.33
Other Current Liabilities	37.72	12.13	13.16	20.33	15.5	23.89
Total Current Liabilities	2,078	2,278	2,526	2,491	2,253	2,048
Long-Term Debt	738.77	470.68	244.18	718.99	437.8	725.44
Long-Term Leases	22.24	29.38	48.36	20.91	32.83	40.76
Long-Term Unearned Revenue	0.49	0.55	0.76	0.98	1.2	1.42
Pension & Post-Retirement Benefits	-	67.04	70.43	70.92	61.76	84.02
Long-Term Deferred Tax Liabilities	2.26	2.15	2.19	6.24	14.15	4.08
Other Long-Term Liabilities	87.49	26.17	25.34	21.61	21.1	22.97
Total Liabilities	2,929	2,874	2,917	3,331	2,821	2,927
Common Stock	1,228	1,228	1,228	1,228	1,228	921.21
Additional Paid-In Capital	1,414	1,414	1,414	1,421	1,414	301.9
Retained Earnings	-857.77	-823.46	-835.68	-843.88	-637.77	-680.05
Treasury Stock	-72.63	-52.63	-49.61	-4.53	-	-
Comprehensive Income & Other	37.26	79.94	-0.12	28.21	-17.29	-64.82
Total Common Equity	1,749	1,846	1,757	1,829	1,987	478.24
Minority Interest	0.34	0.42	-	-4.38	-0.74	-0.09
Shareholders' Equity	1,750	1,847	1,757	1,825	1,986	478.15
Total Liabilities & Equity	4,679	4,721	4,674	5,156	4,808	3,405
Total Debt	1,230	1,102	1,020	1,182	1,054	1,551
Net Cash (Debt)	-502.96	-458.55	-358.03	-204.46	-180.53	-1,215
Net Cash Per Share	-0.42	-0.38	-0.29	-0.17	-0.17	-1.32
Filing Date Shares Outstanding	1,217	1,216	1,216	1,227	1,228	921.21
Total Common Shares Outstanding	1,217	1,216	1,216	1,227	1,228	921.21
Working Capital	789.05	572.89	392.24	892.61	1,051	78.35
Book Value Per Share	1.44	1.52	1.44	1.49	1.62	0.52
Tangible Book Value	959.52	1,029	1,000	1,035	1,227	-256.4
Tangible Book Value Per Share	0.79	0.85	0.82	0.84	1.00	-0.28
Buildings	-	738.85	707.86	359.75	339.59	325
Machinery	-	256.7	233.46	238.66	214.34	197.72
Construction In Progress	-	46.7	-	347.09	195.89	20.1

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