SHA:600351 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	861.49	820.51	578.59	617.64	668.5	477.05
Trading Asset Securities	5.07	-	-	-	-	-
Cash & Short-Term Investments	866.56	820.51	578.59	617.64	668.5	477.05
Cash Growth	33.73%	41.81%	-6.32%	-7.61%	40.13%	36.10%
Accounts Receivable	367.19	361.99	444.15	601.32	716.18	667.79
Other Receivables	14.79	20.51	43.95	35.14	70.59	91.72
Receivables	381.98	382.5	488.1	636.45	786.77	759.52
Inventory	294.42	315.73	413.05	442.13	449.14	521.01
Prepaid Expenses	-	-	0.01	0	0.03	-
Other Current Assets	61.47	59.33	79.56	56.81	49.9	39.51
Total Current Assets	1,604	1,578	1,559	1,753	1,954	1,797
Property, Plant & Equipment	1,033	1,054	1,203	1,308	1,377	1,454
Long-Term Investments	297.92	317.47	372.61	377.72	346.43	314.68
Goodwill	26.27	26.27	26.27	26.27	26.27	74.57
Other Intangible Assets	136.08	136.57	146.99	154.96	155.6	157.39
Long-Term Deferred Tax Assets	29.53	23.87	41.89	31.2	34.61	28.46
Long-Term Deferred Charges	90.8	89.05	138.28	155.8	179.27	146.35
Other Long-Term Assets	61.1	60.7	55.46	46.69	57.73	104.03
Total Assets	3,279	3,286	3,544	3,854	4,131	4,077
Accounts Payable	129.61	126.51	153.34	191.7	166.94	120.66
Accrued Expenses	57.48	66.92	96.17	123.09	130.69	111.71
Short-Term Debt	-	-	90.07	200.22	410.26	502.37
Current Portion of Long-Term Debt	0.67	0.58	-	2	21.01	1.01
Current Portion of Leases	-	-	3.57	3.41	3.28	3.85
Current Income Taxes Payable	42.53	17.72	4.07	6.32	12.24	5.99
Current Unearned Revenue	55.91	68.34	80.44	67.32	108.48	90.2
Other Current Liabilities	123.56	105.16	154.35	191.4	187.77	169.62
Total Current Liabilities	409.77	385.24	582.02	785.46	1,041	1,005
Long-Term Debt	35	35	-	-	2	23
Long-Term Leases	1.18	0.57	2.06	3.37	5.1	8.52
Long-Term Unearned Revenue	35.91	37.13	37.24	43.53	47.99	46.1
Long-Term Deferred Tax Liabilities	3.14	3.17	9	9.26	9.95	11.36
Other Long-Term Liabilities	-	-	18.72	18.72	18.72	18.72
Total Liabilities	485.01	461.11	649.02	860.33	1,124	1,113
Common Stock	692	692	720	770	770	770
Additional Paid-In Capital	550.45	550.45	703.76	955.1	955.32	955.32
Retained Earnings	1,639	1,671	1,561	1,426	1,265	1,222
Treasury Stock	-	-	-66.06	-150.45	-	-
Comprehensive Income & Other	-28.86	-28.86	-25.7	-24.41	-20.01	-20.05
Total Common Equity	2,853	2,884	2,893	2,976	2,970	2,927
Minority Interest	-58.79	-59.11	2.28	17.12	36.56	36.62
Shareholders' Equity	2,794	2,825	2,895	2,993	3,007	2,964
Total Liabilities & Equity	3,279	3,286	3,544	3,854	4,131	4,077
Total Debt	36.85	36.15	95.7	209	441.65	538.74
Net Cash (Debt)	829.71	784.36	482.9	408.64	226.85	-61.69
Net Cash Growth	49.61%	62.43%	18.17%	80.14%	-	-
Net Cash Per Share	1.19	1.12	0.67	0.54	0.29	-0.08
Filing Date Shares Outstanding	692.16	692.68	700	720	770	770
Total Common Shares Outstanding	692.16	692.68	709.5	748.7	770	770
Working Capital	1,195	1,193	977.3	967.58	913.67	791.68
Book Value Per Share	4.12	4.16	4.08	3.98	3.86	3.80
Tangible Book Value	2,690	2,721	2,719	2,795	2,788	2,695
Tangible Book Value Per Share	3.89	3.93	3.83	3.73	3.62	3.50
Buildings	-	-	1,631	1,613	1,597	1,545
Machinery	-	-	1,386	1,360	1,342	1,340
Construction In Progress	-	-	15.49	57.41	25.83	26.48

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