SHA:600148 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	212.26	208.84	238.54	354.2	317.13	196.46
Short-Term Investments	-	-	50	-	-	-
Trading Asset Securities	5.77	6.7	-	0.04	0.05	0.08
Cash & Short-Term Investments	218.03	215.54	288.54	354.24	317.17	196.53
Cash Growth	-15.91%	-25.30%	-18.55%	11.69%	61.38%	-15.67%
Accounts Receivable	582.56	524.97	440.32	464.77	333.8	651.77
Other Receivables	1.43	1.58	3.52	1.34	1.2	1.22
Receivables	583.99	526.55	443.85	466.11	334.99	652.99
Inventory	194.02	154.21	164.01	180.28	160.99	152.38
Other Current Assets	131.57	129.72	11.88	11.21	15.69	8.92
Total Current Assets	1,128	1,026	908.28	1,012	828.85	1,011
Property, Plant & Equipment	124.71	127.46	131.12	143.46	162.05	176.75
Other Intangible Assets	38.77	40.35	25.53	19.11	22.9	24.75
Long-Term Deferred Tax Assets	32.76	32.28	31.6	27.55	21.13	18.38
Long-Term Deferred Charges	25.91	23.72	27.95	25.82	11.74	7.36
Other Long-Term Assets	13.19	12.51	16.42	18.79	15.81	18.36
Total Assets	1,363	1,262	1,141	1,247	1,062	1,256
Accounts Payable	587.98	513.36	406.34	511.47	296.98	412.7
Accrued Expenses	6.08	7.45	34.83	35.99	37.16	40.4
Current Portion of Long-Term Debt	-	8.21	-	-	-	4
Current Portion of Leases	-	-	6.05	8.88	8.61	8.48
Current Income Taxes Payable	1.9	3.35	0.11	-	0.74	3.18
Current Unearned Revenue	29.06	8.87	8.8	0.81	2.59	4.43
Other Current Liabilities	62.06	58.97	43.96	27.26	30.59	54.54
Total Current Liabilities	687.07	600.21	500.09	584.4	376.66	527.72
Long-Term Leases	0.22	0.22	-	11.59	22.15	23.02
Long-Term Unearned Revenue	41.66	35.17	35.24	34.23	36.09	44.17
Long-Term Deferred Tax Liabilities	1.64	0.99	0.85	0.48	0.53	0.32
Other Long-Term Liabilities	0.17	0.19	3.39	6.57	9.27	19.26
Total Liabilities	730.76	636.79	539.57	637.26	444.7	614.48
Common Stock	141.52	141.52	141.52	141.52	141.52	141.52
Additional Paid-In Capital	90.62	90.62	90.62	89.12	89.12	89.12
Retained Earnings	250.14	240.6	229.17	236.74	236.07	255.82
Comprehensive Income & Other	-0.94	3.97	1.82	3.83	7.41	8.27
Total Common Equity	481.33	476.7	463.12	471.2	474.12	494.73
Minority Interest	150.84	148.88	138.22	138.1	143.65	147.21
Shareholders' Equity	632.18	625.58	601.34	609.3	617.77	641.93
Total Liabilities & Equity	1,363	1,262	1,141	1,247	1,062	1,256
Total Debt	0.22	8.43	6.05	20.46	30.75	35.5
Net Cash (Debt)	217.81	207.11	282.49	333.78	286.42	161.04
Net Cash Growth	-13.98%	-26.68%	-15.37%	16.54%	77.86%	-19.22%
Net Cash Per Share	1.54	1.46	2.00	2.37	2.03	1.13
Filing Date Shares Outstanding	141.49	143.25	141.52	141.52	141.52	141.52
Total Common Shares Outstanding	141.49	143.25	141.52	141.52	141.52	141.52
Working Capital	440.53	425.82	408.19	427.44	452.19	483.09
Book Value Per Share	3.40	3.33	3.27	3.33	3.35	3.50
Tangible Book Value	442.56	436.35	437.59	452.09	451.22	469.97
Tangible Book Value Per Share	3.13	3.05	3.09	3.19	3.19	3.32
Buildings	-	-	125.28	125.28	125.28	125.26
Machinery	-	-	210.93	201.73	210.05	229.42
Construction In Progress	-	-	-	-	1.19	1.7

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