SHA:600444 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	602.76	653.69	415.32	439.1	327.19	396.22
Cash & Short-Term Investments	602.76	653.69	415.32	439.1	327.19	396.22
Cash Growth	45.81%	57.39%	-5.42%	34.20%	-17.42%	-21.03%
Accounts Receivable	188.38	217.6	224.33	255.64	243.95	270.01
Other Receivables	2.56	2.66	19.19	7.23	3.04	6.15
Receivables	190.94	220.27	243.52	262.87	246.99	276.16
Inventory	423.77	379.93	319.81	223.89	242.43	278.52
Other Current Assets	182.25	169.57	268.4	223.52	115.66	136.38
Total Current Assets	1,400	1,423	1,247	1,149	932.26	1,087
Property, Plant & Equipment	32.9	34.15	49.32	60.34	72.16	80.74
Long-Term Investments	-	-	-	-	76.65	15.1
Other Intangible Assets	5.3	5.35	5.54	6.68	8.05	10.1
Long-Term Deferred Tax Assets	31.26	36.45	26.02	28.11	34.2	18.82
Long-Term Deferred Charges	0.06	0.06	-	2.29	8	6.21
Other Long-Term Assets	21.66	21.97	14.97	15.56	16.46	17.37
Total Assets	1,491	1,521	1,343	1,262	1,148	1,236
Accounts Payable	237.31	270.01	209.02	191.88	195.21	247.68
Accrued Expenses	1.36	17.02	4.82	8.77	17.1	26.25
Short-Term Debt	-	5.09	0.12	0.27	-	-
Current Portion of Leases	3.58	3.54	3.37	5.64	5.73	-
Current Income Taxes Payable	2.24	4.69	-	11.97	16.5	3.77
Current Unearned Revenue	448.34	433.05	348.01	292.92	192	250.86
Other Current Liabilities	26.41	25.68	55.84	53.7	37.59	34.42
Total Current Liabilities	719.25	759.08	621.19	565.16	464.13	562.97
Long-Term Leases	6.67	7.58	10.99	11.33	17.24	28.56
Long-Term Unearned Revenue	1.9	1.89	2.22	1.78	4.31	4.87
Long-Term Deferred Tax Liabilities	-	-	-	1.99	1.89	1.46
Total Liabilities	727.82	768.55	634.4	580.26	487.58	597.86
Common Stock	146.42	146.42	146.42	146.42	146.42	146.42
Additional Paid-In Capital	329.16	329.16	329.16	329.16	329.16	329.16
Retained Earnings	280.99	271.54	229.31	203.79	182.78	160.56
Comprehensive Income & Other	6.52	5.76	3.62	2.72	1.85	1.61
Total Common Equity	763.09	752.87	708.51	682.1	660.21	637.75
Shareholders' Equity	763.09	752.87	708.51	682.1	660.21	637.75
Total Liabilities & Equity	1,491	1,521	1,343	1,262	1,148	1,236
Total Debt	10.25	16.22	14.48	17.24	22.98	28.56
Net Cash (Debt)	592.51	637.47	400.84	421.86	304.21	367.66
Net Cash Growth	48.18%	59.03%	-4.98%	38.67%	-17.26%	-26.72%
Net Cash Per Share	4.05	4.35	2.74	2.88	2.08	2.51
Filing Date Shares Outstanding	146.42	146.42	146.42	146.42	146.42	146.42
Total Common Shares Outstanding	146.42	146.42	146.42	146.42	146.42	146.42
Working Capital	680.48	664.36	625.87	584.22	468.13	524.31
Book Value Per Share	5.21	5.14	4.84	4.66	4.51	4.36
Tangible Book Value	757.79	747.52	702.97	675.42	652.16	627.65
Tangible Book Value Per Share	5.18	5.11	4.80	4.61	4.45	4.29
Buildings	-	36.97	49.39	50.01	50.01	50.01
Machinery	-	39.15	39.19	58.08	61.65	60.72

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