SHA:600351 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	921.17	820.51	578.59	617.64	668.5	477.05
Trading Asset Securities	3.41	-	-	-	-	-
Cash & Short-Term Investments	924.58	820.51	578.59	617.64	668.5	477.05
Cash Growth	40.94%	41.81%	-6.32%	-7.61%	40.13%	36.10%
Accounts Receivable	339.29	361.99	444.15	601.32	716.18	667.79
Other Receivables	16.14	26.79	43.95	35.14	70.59	91.72
Receivables	355.43	388.78	488.1	636.45	786.77	759.52
Inventory	273.59	315.73	413.05	442.13	449.14	521.01
Prepaid Expenses	-	0.11	0.01	0	0.03	-
Other Current Assets	48.52	52.94	79.56	56.81	49.9	39.51
Total Current Assets	1,602	1,578	1,559	1,753	1,954	1,797
Property, Plant & Equipment	1,011	1,054	1,203	1,308	1,377	1,454
Long-Term Investments	298.88	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	144.72	136.57	146.99	154.96	155.6	157.39
Long-Term Deferred Tax Assets	28.84	23.87	41.89	31.2	34.61	28.46
Long-Term Deferred Charges	82.98	89.05	138.28	155.8	179.27	146.35
Other Long-Term Assets	57.47	60.7	55.46	46.69	57.73	104.03
Total Assets	3,252	3,286	3,544	3,854	4,131	4,077

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	123.99	106.39	153.34	191.7	166.94	120.66
Accrued Expenses	120.69	111.3	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	0.02	0.02	-	2	21.01	1.01
Current Portion of Leases	1.62	0.56	3.57	3.41	3.28	3.85
Current Income Taxes Payable	20.35	11.49	4.07	6.32	12.24	5.99
Current Unearned Revenue	42.76	68.77	80.44	67.32	108.48	90.2
Other Current Liabilities	111.28	86.71	154.35	191.4	187.77	169.62
Total Current Liabilities	420.71	385.24	582.02	785.46	1,041	1,005
Long-Term Debt	35	35	-	-	2	23
Long-Term Leases	1.6	0.57	2.06	3.37	5.1	8.52
Long-Term Unearned Revenue	28.53	37.13	37.24	43.53	47.99	46.1
Long-Term Deferred Tax Liabilities	3.1	3.17	9	9.26	9.95	11.36
Other Long-Term Liabilities	-	-	18.72	18.72	18.72	18.72
Total Liabilities	488.93	461.11	649.02	860.33	1,124	1,113

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
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	1,606	1,671	1,561	1,426	1,265	1,222
Treasury Stock	-	-	-66.06	-150.45	-	-
Comprehensive Income & Other	-27.5	-28.86	-25.7	-24.41	-20.01	-20.05
Total Common Equity	2,821	2,884	2,893	2,976	2,970	2,927
Minority Interest	-57.47	-59.11	2.28	17.12	36.56	36.62
Shareholders' Equity	2,764	2,825	2,895	2,993	3,007	2,964
Total Liabilities & Equity	3,252	3,286	3,544	3,854	4,131	4,077

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	38.24	36.15	95.7	209	441.65	538.74
Net Cash (Debt)	886.34	784.36	482.9	408.64	226.85	-61.69
Net Cash Growth	72.56%	62.43%	18.17%	80.14%	-	-
Net Cash Per Share	1.28	1.12	0.67	0.54	0.29	-0.08
Filing Date Shares Outstanding	692	692	700	720	770	770
Total Common Shares Outstanding	692	692	709.5	748.7	770	770
Working Capital	1,181	1,193	977.3	967.58	913.67	791.68
Book Value Per Share	4.08	4.17	4.08	3.98	3.86	3.80
Tangible Book Value	2,650	2,721	2,719	2,795	2,788	2,695
Tangible Book Value Per Share	3.83	3.93	3.83	3.73	3.62	3.50
Buildings	1,536	1,537	1,631	1,613	1,597	1,545
Machinery	1,329	1,369	1,386	1,360	1,342	1,340
Construction In Progress	7.72	3.93	15.49	57.41	25.83	26.48