SHA:600444 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	653.69	415.32	439.1	327.19	396.22
Cash & Short-Term Investments	653.69	415.32	439.1	327.19	396.22
Cash Growth	57.39%	-5.42%	34.20%	-17.42%	-21.03%
Accounts Receivable	217.6	224.33	255.64	243.95	270.01
Other Receivables	2.66	19.19	7.23	3.04	6.15
Receivables	220.27	243.52	262.87	246.99	276.16
Inventory	379.93	319.81	223.89	242.43	278.52
Other Current Assets	169.57	268.4	223.52	115.66	136.38
Total Current Assets	1,423	1,247	1,149	932.26	1,087
Property, Plant & Equipment	34.15	49.32	60.34	72.16	80.74
Long-Term Investments	-	-	-	76.65	15.1
Other Intangible Assets	5.35	5.54	6.68	8.05	10.1
Long-Term Deferred Tax Assets	36.45	26.02	28.11	34.2	18.82
Long-Term Deferred Charges	0.06	-	2.29	8	6.21
Other Long-Term Assets	21.97	14.97	15.56	16.46	17.37
Total Assets	1,521	1,343	1,262	1,148	1,236
Accounts Payable	270.01	209.02	191.88	195.21	247.68
Accrued Expenses	3.84	4.82	8.77	17.1	26.25
Short-Term Debt	-	0.12	0.27	-	-
Current Portion of Long-Term Debt	3.54	-	-	-	-
Current Portion of Leases	-	3.37	5.64	5.73	-
Current Income Taxes Payable	19.89	-	11.97	16.5	3.77
Current Unearned Revenue	433.05	348.01	292.92	192	250.86
Other Current Liabilities	28.75	55.84	53.7	37.59	34.42
Total Current Liabilities	759.08	621.19	565.16	464.13	562.97
Long-Term Leases	7.58	10.99	11.33	17.24	28.56
Long-Term Unearned Revenue	1.89	2.22	1.78	4.31	4.87
Long-Term Deferred Tax Liabilities	-	-	1.99	1.89	1.46
Total Liabilities	768.55	634.4	580.26	487.58	597.86
Common Stock	146.42	146.42	146.42	146.42	146.42
Additional Paid-In Capital	329.16	329.16	329.16	329.16	329.16
Retained Earnings	271.54	229.31	203.79	182.78	160.56
Comprehensive Income & Other	5.76	3.62	2.72	1.85	1.61
Total Common Equity	752.87	708.51	682.1	660.21	637.75
Shareholders' Equity	752.87	708.51	682.1	660.21	637.75
Total Liabilities & Equity	1,521	1,343	1,262	1,148	1,236
Total Debt	11.12	14.48	17.24	22.98	28.56
Net Cash (Debt)	642.56	400.84	421.86	304.21	367.66
Net Cash Growth	60.30%	-4.98%	38.67%	-17.26%	-26.72%
Net Cash Per Share	4.39	2.74	2.88	2.08	2.51
Filing Date Shares Outstanding	154.5	146.42	146.42	146.42	146.42
Total Common Shares Outstanding	154.5	146.42	146.42	146.42	146.42
Working Capital	664.36	625.87	584.22	468.13	524.31
Book Value Per Share	4.87	4.84	4.66	4.51	4.36
Tangible Book Value	747.52	702.97	675.42	652.16	627.65
Tangible Book Value Per Share	4.84	4.80	4.61	4.45	4.29
Buildings	-	49.39	50.01	50.01	50.01
Machinery	-	39.19	58.08	61.65	60.72

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