SHA:688669 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	202.35	188.49	151.82	210.31	351.42	468.38
Trading Asset Securities	-	-	9.48	53.1	-	104.57
Cash & Short-Term Investments	202.35	188.49	161.3	263.41	351.42	572.95
Cash Growth	-13.41%	16.86%	-38.76%	-25.05%	-38.66%	235.70%
Accounts Receivable	1,240	1,179	1,158	1,215	1,117	946.56
Other Receivables	50.84	103.7	92.48	92.04	112.42	37.28
Receivables	1,291	1,283	1,251	1,307	1,229	983.84
Inventory	656.13	707.2	754.13	707.06	559.89	457.17
Other Current Assets	302.22	220.31	212.28	222.41	236.61	236.66
Total Current Assets	2,451	2,399	2,378	2,500	2,377	2,251
Property, Plant & Equipment	2,091	2,176	2,190	1,797	1,197	955.89
Long-Term Investments	126.71	126.81	37.09	30.9	29.05	15.4
Goodwill	53.94	53.94	56.77	73.62	85.59	85.59
Other Intangible Assets	223.12	225.09	227.27	266.43	210.04	107.19
Long-Term Accounts Receivable	10.1	10.1	6.98	2.5	2.5	2.86
Long-Term Deferred Tax Assets	32.19	27.21	33.56	50.55	35.31	10.51
Long-Term Deferred Charges	38.41	40.18	48.61	33.08	30.99	28.04
Other Long-Term Assets	153.71	118.14	130.79	140.34	126.55	129.61
Total Assets	5,181	5,177	5,109	4,894	4,095	3,586
Accounts Payable	786.68	808.68	886.32	842.86	725.94	502.02
Accrued Expenses	43.83	82.7	66.91	62.78	67.73	47.06
Short-Term Debt	1,109	1,190	798.1	727.84	806.31	688.95
Current Portion of Long-Term Debt	433.65	351.43	294.42	129.68	57.1	37.78
Current Portion of Leases	-	152.28	204.76	106.91	92.51	79.09
Current Income Taxes Payable	53.99	2.64	2.34	2.41	5.87	4.57
Current Unearned Revenue	59.3	58.01	79.7	43.29	71.94	58.42
Other Current Liabilities	472.09	302.21	266.57	290.81	178.12	200.77
Total Current Liabilities	2,958	2,948	2,599	2,207	2,006	1,619
Long-Term Debt	802.5	730.15	812.28	692.7	275.36	108.91
Long-Term Leases	102.13	118.07	189	194.97	61.44	89.64
Long-Term Unearned Revenue	16.29	16.37	11.22	13.25	9.5	9.4
Long-Term Deferred Tax Liabilities	3.14	2.83	7.42	27.65	18.05	8.99
Other Long-Term Liabilities	1.17	0.73	0.73	3.76	-	78.29
Total Liabilities	3,884	3,816	3,620	3,139	2,370	1,914
Common Stock	121.33	121.33	121.33	121.33	93.33	93.33
Additional Paid-In Capital	859.13	-	-	863.82	886.04	883.89
Retained Earnings	104.13	163.89	318.77	579.18	559.93	516.29
Comprehensive Income & Other	1.94	861.62	864.26	3.35	7.1	3.05
Total Common Equity	1,087	1,147	1,304	1,568	1,546	1,497
Minority Interest	210.71	213.64	184.91	187.79	178.42	175.28
Shareholders' Equity	1,297	1,360	1,489	1,755	1,725	1,672
Total Liabilities & Equity	5,181	5,177	5,109	4,894	4,095	3,586
Total Debt	2,447	2,542	2,299	1,852	1,293	1,004
Net Cash (Debt)	-2,245	-2,353	-2,137	-1,589	-941.3	-431.41
Net Cash Per Share	-18.46	-19.45	-17.65	-12.79	-7.79	-3.64
Filing Date Shares Outstanding	121.33	121.33	121.33	121.33	121.33	121.33
Total Common Shares Outstanding	121.33	121.33	121.33	121.33	121.33	121.33
Working Capital	-507.08	-549.26	-220.88	293.11	371.64	631.97
Book Value Per Share	8.95	9.45	10.75	12.92	12.75	12.33
Tangible Book Value	809.47	867.82	1,020	1,228	1,251	1,304
Tangible Book Value Per Share	6.67	7.15	8.41	10.12	10.31	10.75
Buildings	-	962.31	808.66	610.05	293.35	280.57
Machinery	-	1,431	1,242	1,032	857.67	733.65
Construction In Progress	-	433.48	636.76	496.91	302.12	74.8

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