SHA:600301 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	1,487	2,184	1,175	944.09	924.24	139.8
Cash & Short-Term Investments	1,487	2,184	1,175	944.09	924.24	139.8
Cash Growth	42.47%	85.92%	24.41%	2.15%	561.10%	-66.23%
Accounts Receivable	190.77	211.41	133.43	137.03	112.41	142.32
Other Receivables	44.51	43.2	38.83	131.16	55.66	27.11
Receivables	235.28	254.61	172.26	268.2	168.07	169.43
Inventory	821.46	842.41	718.25	458.53	268.61	-
Other Current Assets	137.02	102.47	74.28	46.81	183.21	104.89
Total Current Assets	2,680	3,383	2,139	1,718	1,544	414.13
Property, Plant & Equipment	2,813	2,774	2,769	2,597	2,271	22.7
Goodwill	545.04	545.04	545.04	545.04	516.55	-
Other Intangible Assets	2,113	2,136	2,057	2,108	2,145	1.71
Long-Term Deferred Tax Assets	91.7	62.12	65.34	73.82	62.85	2.8
Long-Term Deferred Charges	85.99	90.92	84.11	92.53	80.97	6.76
Other Long-Term Assets	72.47	72.47	80.02	88.79	19.85	-
Total Assets	8,402	9,064	7,740	7,222	6,641	448.1
Accounts Payable	756.42	852.69	470.23	353.99	192.5	22.12
Accrued Expenses	105.24	113.71	366.54	338.22	262.2	25.75
Short-Term Debt	220.1	527.19	655.44	820.49	1,341	-
Current Portion of Long-Term Debt	77.65	79.95	47.98	469.49	1	-
Current Portion of Leases	-	-	7.88	4.11	2.1	4.66
Current Income Taxes Payable	155.68	130.26	39.77	38.64	35.14	4.98
Current Unearned Revenue	58.55	37.2	37.57	40.77	32.5	34.32
Other Current Liabilities	184.15	217.11	178.23	103.31	221.56	24.17
Total Current Liabilities	1,558	1,958	1,804	2,169	2,088	116
Long-Term Debt	624.47	805.47	562.46	-	920.28	-
Long-Term Leases	4.64	4.24	5.94	4.22	3.21	3.73
Long-Term Unearned Revenue	36.25	28.08	20.8	13.82	12.47	-
Long-Term Deferred Tax Liabilities	201.97	203.99	213.07	223.39	222.85	-
Other Long-Term Liabilities	166.58	165.47	149.79	46.06	42.16	8.73
Total Liabilities	2,592	3,165	2,756	2,457	3,289	128.45
Common Stock	632.57	632.57	632.57	632.57	235.15	235.15
Additional Paid-In Capital	243.95	243.95	1,255	1,778	1,366	1,003
Retained Earnings	4,096	3,914	2,102	1,543	993.26	-918.68
Comprehensive Income & Other	9.87	12.99	8.45	5.9	1.83	-
Total Common Equity	4,982	4,804	3,998	3,960	2,596	319.65
Minority Interest	827.49	1,095	986.25	805.59	754.89	-
Shareholders' Equity	5,810	5,899	4,984	4,766	3,351	319.65
Total Liabilities & Equity	8,402	9,064	7,740	7,222	6,641	448.1
Total Debt	926.87	1,417	1,280	1,298	2,268	8.39
Net Cash (Debt)	559.84	766.93	-105.14	-354.21	-1,344	131.42
Net Cash Growth	-	-	-	-	-	-68.26%
Net Cash Per Share	0.89	1.21	-0.17	-0.57	-2.27	0.56
Filing Date Shares Outstanding	631.57	631.67	632.57	632.57	235.15	235.15
Total Common Shares Outstanding	631.57	631.67	632.57	632.57	235.15	235.15
Working Capital	1,123	1,425	335.72	-451.39	-544.17	298.13
Book Value Per Share	7.89	7.60	6.32	6.26	11.04	1.36
Tangible Book Value	2,324	2,123	1,396	1,307	-65.69	317.94
Tangible Book Value Per Share	3.68	3.36	2.21	2.07	-0.28	1.35
Buildings	-	-	1,767	1,628	1,065	0.61
Machinery	-	-	944.85	885.49	330.27	34.69
Construction In Progress	-	-	1,080	968.21	1,171	-

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