SHA:600345 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	874.55	1,107	959.1	965.66	396.82	219.15
Short-Term Investments	-	50	60	-	-	-
Cash & Short-Term Investments	874.55	1,157	1,019	965.66	396.82	219.15
Cash Growth	2.38%	13.57%	5.53%	143.35%	81.07%	-10.25%
Accounts Receivable	788.74	812.45	685.37	560.63	532.86	144.63
Other Receivables	47.69	44.01	24.01	19.27	19.49	6.66
Receivables	836.44	856.46	709.38	579.89	552.34	151.29
Inventory	264.21	233.36	296.94	288.45	209.2	15.65
Prepaid Expenses	-	0.1	0.22	0.27	-	0.1
Other Current Assets	46.05	27.2	23.39	35.61	12.28	7.93
Total Current Assets	2,021	2,274	2,049	1,870	1,171	394.12
Property, Plant & Equipment	35.31	36.16	331.9	261.94	180.24	60.44
Long-Term Investments	2,425	2,313	2,199	2,236	1,953	1,822
Other Intangible Assets	48	48.93	29.89	26.67	27.18	29.72
Long-Term Accounts Receivable	28.64	29.56	21.23	-	-	-
Long-Term Deferred Tax Assets	21.93	21.93	16.4	15.24	13.47	-
Long-Term Deferred Charges	-	-	-	3.32	3.78	2.3
Other Long-Term Assets	285.75	288.1	21.54	23.62	21.34	9.7
Total Assets	4,866	5,013	4,669	4,437	3,370	2,318
Accounts Payable	728.26	855.67	758.34	620.27	484	124.69
Accrued Expenses	20.47	112.06	98.54	72.25	90.09	18.21
Short-Term Debt	8	8	10	23	30.05	31
Current Portion of Leases	4.87	4.83	4.18	2.05	6.21	0.91
Current Income Taxes Payable	64.38	0	0	0	0	0
Current Unearned Revenue	116.32	100.79	117.33	176.33	166.97	6.42
Other Current Liabilities	22.98	38.16	51.39	50.34	38.43	18.17
Total Current Liabilities	965.28	1,120	1,040	944.25	815.75	199.41
Long-Term Debt	77.98	78.68	80.1	60.8	4.8	-
Long-Term Leases	1.89	2.07	4.87	0.67	1.03	2.15
Long-Term Unearned Revenue	6.43	5.82	4.51	4.74	5.75	-
Long-Term Deferred Tax Liabilities	6.17	6.17	6.18	6.18	6.18	6.18
Total Liabilities	1,058	1,212	1,135	1,017	833.52	207.74
Common Stock	329.61	329.61	329.61	329.61	198	198
Additional Paid-In Capital	1,393	1,387	1,314	1,339	631.3	650.9
Retained Earnings	2,093	2,073	1,872	1,728	1,522	1,251
Comprehensive Income & Other	-7.61	10.57	18.01	23.93	15.19	10.25
Total Common Equity	3,808	3,800	3,534	3,420	2,367	2,110
Minority Interest	-	-	-	-	169.65	-
Shareholders' Equity	3,808	3,800	3,534	3,420	2,537	2,110
Total Liabilities & Equity	4,866	5,013	4,669	4,437	3,370	2,318
Total Debt	92.73	93.58	99.14	86.52	42.09	34.06
Net Cash (Debt)	781.82	1,064	919.96	879.14	354.72	185.08
Net Cash Growth	3.45%	15.63%	4.64%	147.84%	91.66%	-1.70%
Net Cash Per Share	2.33	3.20	2.80	4.45	1.79	0.93
Filing Date Shares Outstanding	329.61	329.61	329.61	329.61	198	198
Total Common Shares Outstanding	329.61	329.61	329.61	329.61	198	198
Working Capital	1,056	1,155	1,009	925.64	354.89	194.71
Book Value Per Share	11.55	11.53	10.72	10.38	11.95	10.66
Tangible Book Value	3,760	3,751	3,504	3,394	2,340	2,081
Tangible Book Value Per Share	11.41	11.38	10.63	10.30	11.82	10.51
Buildings	-	46.98	342.54	54.27	54.27	55.4
Machinery	-	46.12	47.1	45.27	44.54	21.22
Construction In Progress	-	3.22	-	223.7	132.19	23.37

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