SHA:600103 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	678.77	386.71	653.6	972.6	1,113	404.53
Trading Asset Securities	1,559	1,813	1,737	1,506	1,160	1,560
Cash & Short-Term Investments	2,238	2,200	2,391	2,479	2,273	1,965
Cash Growth	-5.18%	-7.98%	-3.56%	9.06%	15.70%	-4.31%
Accounts Receivable	688.03	650.48	778	718.04	667.76	680.55
Other Receivables	19.99	20.73	24.36	35.38	23.94	22.97
Receivables	708.02	671.21	802.35	753.43	691.7	703.52
Inventory	616.69	628.49	569.09	530.73	599.13	582
Prepaid Expenses	-	-	-	-	0.02	-
Other Current Assets	77.93	88.64	99.92	51.62	39.32	21.14
Total Current Assets	3,641	3,588	3,862	3,815	3,603	3,271
Property, Plant & Equipment	1,835	1,804	1,807	1,639	1,309	1,416
Long-Term Investments	98.41	93.08	92.4	91.01	89.48	53.37
Goodwill	8.02	8.02	8.02	9.54	11.08	12.63
Other Intangible Assets	163.18	167.5	170.14	172.99	187.9	207.82
Long-Term Deferred Tax Assets	112.02	111.84	103.01	105.3	100.63	96.78
Long-Term Deferred Charges	7.83	8.37	18.98	13.43	9.33	12.9
Other Long-Term Assets	286.37	286.43	307.91	320.81	513.68	319.62
Total Assets	6,152	6,067	6,370	6,167	5,824	5,391
Accounts Payable	771.95	745.01	891.16	755	744.32	524.49
Accrued Expenses	71.39	86.16	73.61	79.64	98.51	57.51
Short-Term Debt	471.77	525.31	641.41	730.52	432.11	333.31
Current Portion of Long-Term Debt	6.66	4.09	215.06	143.35	19.52	159.71
Current Portion of Leases	-	2.84	1.68	1.01	3.12	3.22
Current Income Taxes Payable	17.4	4.96	2	0.72	19.24	12.59
Current Unearned Revenue	36.31	41.47	43.16	45.95	48.91	75.4
Other Current Liabilities	135.86	88.82	105.25	66.86	61.67	85.74
Total Current Liabilities	1,511	1,499	1,973	1,823	1,427	1,252
Long-Term Debt	171	121	-	35	141.56	93.76
Long-Term Leases	3.36	2.94	1.19	0.96	2.12	4.31
Long-Term Unearned Revenue	7.45	8.03	4.44	5.7	10.85	15.39
Long-Term Deferred Tax Liabilities	86.09	86.49	85.62	82.49	77.87	78.17
Total Liabilities	1,779	1,717	2,065	1,947	1,660	1,444
Common Stock	2,241	2,241	2,253	2,306	2,306	2,306
Additional Paid-In Capital	729.35	728.29	727.54	825.97	825.97	825.97
Retained Earnings	1,037	1,022	993.51	946.16	934.87	727.12
Treasury Stock	-30.03	-30.03	-43.32	-200.5	-200.5	-200.5
Comprehensive Income & Other	-0.05	0.09	-1.16	-1.91	-1.54	-2.07
Total Common Equity	3,977	3,961	3,930	3,876	3,865	3,656
Minority Interest	395.44	389.49	375.31	344.28	299.43	290.86
Shareholders' Equity	4,372	4,350	4,305	4,220	4,164	3,947
Total Liabilities & Equity	6,152	6,067	6,370	6,167	5,824	5,391
Total Debt	652.79	656.18	859.34	910.85	598.43	594.31
Net Cash (Debt)	1,585	1,544	1,531	1,568	1,675	1,370
Net Cash Growth	4.57%	0.81%	-2.34%	-6.35%	22.21%	19.68%
Net Cash Per Share	0.72	0.70	0.69	0.71	0.76	0.61
Filing Date Shares Outstanding	2,198	2,241	2,209	2,212	2,212	2,212
Total Common Shares Outstanding	2,198	2,241	2,209	2,212	2,212	2,212
Working Capital	2,129	2,090	1,889	1,992	2,176	2,019
Book Value Per Share	1.81	1.77	1.78	1.75	1.75	1.65
Tangible Book Value	3,806	3,785	3,752	3,693	3,666	3,436
Tangible Book Value Per Share	1.73	1.69	1.70	1.67	1.66	1.55
Buildings	-	958.48	956.78	830.67	817.61	823.38
Machinery	-	3,504	3,525	2,978	2,944	2,926
Construction In Progress	-	144.89	28.53	437.24	38.18	32.68

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