SHA:688538 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	1,477	938.81	2,799	936.51	400.93	2,181
Trading Asset Securities	540.24	500.91	1,001	1,001	3,022	5,715
Cash & Short-Term Investments	2,017	1,440	3,800	1,937	3,423	7,896
Cash Growth	-3.36%	-62.11%	96.17%	-43.40%	-56.66%	455.85%
Accounts Receivable	686.55	742.68	750.83	361.2	559.36	821.02
Other Receivables	13.49	28.1	1.04	35.94	26.74	174.89
Receivables	700.04	770.77	751.87	397.13	586.1	995.91
Inventory	783.14	838.41	832.09	861.05	1,489	1,003
Other Current Assets	66.65	57.16	27.14	50	43.28	150.68
Total Current Assets	3,567	3,106	5,411	3,245	5,540	10,045
Property, Plant & Equipment	22,185	22,418	23,082	24,120	24,178	21,292
Other Intangible Assets	974.41	955.55	961.65	806.94	898.56	826.25
Long-Term Deferred Charges	145.23	173.52	139.63	263.99	77.61	151.89
Other Long-Term Assets	106.5	144.97	0.23	3.88	198.9	823.75
Total Assets	26,978	26,798	29,595	28,441	30,893	33,140
Accounts Payable	876.26	915.54	1,144	1,094	1,369	1,649
Accrued Expenses	52.14	112.82	110.03	101.57	114.75	94.98
Current Portion of Long-Term Debt	2,807	2,223	10,152	1,756	690.95	651.6
Current Portion of Leases	-	252.48	242.94	-	2.99	8.7
Current Unearned Revenue	57.15	96.38	63.89	93.35	76.29	94.37
Other Current Liabilities	65.62	70.64	50.76	99.56	157.17	21.49
Total Current Liabilities	3,867	3,671	11,764	3,145	2,411	2,520
Long-Term Debt	15,015	14,499	6,945	12,444	12,384	12,908
Long-Term Leases	251.25	315.94	568.31	-	-	4.5
Long-Term Unearned Revenue	248.39	245.25	272.71	291.26	293.19	308.25
Other Long-Term Liabilities	4.17	4.19	10.93	-	-	-
Total Liabilities	19,386	18,735	19,560	15,880	15,088	15,741
Common Stock	13,809	13,809	13,832	13,857	13,890	13,809
Additional Paid-In Capital	5,770	5,770	5,789	5,818	5,846	5,770
Retained Earnings	-11,987	-11,517	-9,545	-7,027	-3,783	-2,181
Treasury Stock	-	-	-41.52	-87.35	-147.56	-
Shareholders' Equity	7,592	8,062	10,034	12,561	15,805	17,398
Total Liabilities & Equity	26,978	26,798	29,595	28,441	30,893	33,140
Total Debt	18,073	17,290	17,908	14,200	13,078	13,573
Net Cash (Debt)	-16,056	-15,851	-14,108	-12,263	-9,656	-5,677
Net Cash Per Share	-1.08	-1.13	-1.01	-0.87	-0.72	-0.48
Filing Date Shares Outstanding	13,809	13,809	13,832	13,857	13,890	13,809
Total Common Shares Outstanding	13,809	13,809	13,832	13,857	13,890	13,809
Working Capital	-299.49	-564.8	-6,353	100.29	3,130	7,525
Book Value Per Share	0.55	0.58	0.73	0.91	1.14	1.26
Tangible Book Value	6,618	7,107	9,072	11,754	14,906	16,572
Tangible Book Value Per Share	0.48	0.51	0.66	0.85	1.07	1.20
Buildings	-	3,006	3,006	3,005	3,004	3,004
Machinery	-	25,907	24,330	21,142	20,383	15,050
Construction In Progress	-	3,438	3,935	6,594	5,920	7,068

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