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	Sep '26 Sep 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	914.45	820.51	578.59	617.64	668.5	477.05
Trading Asset Securities	3.44	-	-	-	-	-
Cash & Short-Term Investments	917.89	820.51	578.59	617.64	668.5	477.05
Cash Growth	40.27%	41.81%	-6.32%	-7.61%	40.13%	36.10%
Accounts Receivable	281.75	361.99	444.15	601.32	716.18	667.79
Other Receivables	12.7	26.79	43.95	35.14	70.59	91.72
Receivables	294.45	388.78	488.1	636.45	786.77	759.52
Inventory	286.16	315.73	413.05	442.13	449.14	521.01
Prepaid Expenses	-	0.11	0.01	0	0.03	-
Other Current Assets	49.01	52.94	79.56	56.81	49.9	39.51
Total Current Assets	1,548	1,578	1,559	1,753	1,954	1,797
Property, Plant & Equipment	991.98	1,054	1,203	1,308	1,377	1,454
Long-Term Investments	288.87	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	144.48	136.57	146.99	154.96	155.6	157.39
Long-Term Deferred Tax Assets	26.77	23.87	41.89	31.2	34.61	28.46
Long-Term Deferred Charges	88.87	89.05	138.28	155.8	179.27	146.35
Other Long-Term Assets	59.43	60.7	55.46	46.69	57.73	104.03
Total Assets	3,174	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	Sep '26 Sep 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	137.97	106.39	153.34	191.7	166.94	120.66
Accrued Expenses	54.85	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	-	2	21.01	1.01
Current Portion of Leases	1.86	0.56	3.57	3.41	3.28	3.85
Current Income Taxes Payable	30.73	11.49	4.07	6.32	12.24	5.99
Current Unearned Revenue	57.56	68.77	80.44	67.32	108.48	90.2
Other Current Liabilities	159.12	86.71	154.35	191.4	187.77	169.62
Total Current Liabilities	442.09	385.24	582.02	785.46	1,041	1,005
Long-Term Debt	-	35	-	-	2	23
Long-Term Leases	1.94	0.57	2.06	3.37	5.1	8.52
Long-Term Unearned Revenue	29.34	37.13	37.24	43.53	47.99	46.1
Long-Term Deferred Tax Liabilities	3.17	3.17	9	9.26	9.95	11.36
Other Long-Term Liabilities	-	-	18.72	18.72	18.72	18.72
Total Liabilities	476.54	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	Sep '26 Sep 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	1,547	1,671	1,561	1,426	1,265	1,222
Treasury Stock	-5	-	-66.06	-150.45	-	-
Comprehensive Income & Other	-27.5	-28.86	-25.7	-24.41	-20.01	-20.05
Total Common Equity	2,757	2,884	2,893	2,976	2,970	2,927
Minority Interest	-58.96	-59.11	2.28	17.12	36.56	36.62
Shareholders' Equity	2,698	2,825	2,895	2,993	3,007	2,964
Total Liabilities & Equity	3,174	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	Sep '26 Sep 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	3.8	36.15	95.7	209	441.65	538.74
Net Cash (Debt)	914.09	784.36	482.9	408.64	226.85	-61.69
Net Cash Growth	65.31%	62.43%	18.17%	80.14%	-	-
Net Cash Per Share	1.32	1.12	0.67	0.54	0.29	-0.08
Filing Date Shares Outstanding	691.79	692	700	720	770	770
Total Common Shares Outstanding	691.79	692	709.5	748.7	770	770
Working Capital	1,105	1,193	977.3	967.58	913.67	791.68
Book Value Per Share	3.98	4.17	4.08	3.98	3.86	3.80
Tangible Book Value	2,586	2,721	2,719	2,795	2,788	2,695
Tangible Book Value Per Share	3.74	3.93	3.83	3.73	3.62	3.50
Buildings	-	1,537	1,631	1,613	1,597	1,545
Machinery	-	1,369	1,386	1,360	1,342	1,340
Construction In Progress	-	3.93	15.49	57.41	25.83	26.48