SHA:600523 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	306.01	378.97	475.42	526.96	542.1	633.38
Cash & Short-Term Investments	306.01	378.97	475.42	526.96	542.1	633.38
Cash Growth	-27.64%	-20.29%	-9.78%	-2.79%	-14.41%	4.85%
Accounts Receivable	1,289	1,243	1,457	1,141	792.33	876.69
Other Receivables	6.02	3.5	5.97	17.37	89.87	14.67
Receivables	1,295	1,247	1,463	1,158	882.2	891.36
Inventory	489.58	509.64	387.48	414.08	399.6	398.13
Other Current Assets	24.93	26.28	28.4	25.69	31.14	44.2
Total Current Assets	2,116	2,161	2,355	2,125	1,855	1,967
Property, Plant & Equipment	752.73	759.21	726.6	635.79	583.27	718.65
Long-Term Investments	987.55	976.87	907.61	871.36	822.37	328.09
Goodwill	0.46	0.46	0.46	0.46	0.46	0.46
Other Intangible Assets	83.21	83.71	88.11	91.28	93.46	113.41
Long-Term Deferred Tax Assets	22.67	22.48	8.45	8.34	10.4	9.55
Long-Term Deferred Charges	8.3	36.86	26.25	27.69	23.19	32.67
Other Long-Term Assets	108.82	71.18	65.32	74.74	60.8	151.06
Total Assets	4,079	4,112	4,178	3,835	3,449	3,321
Accounts Payable	565.44	633.64	643.56	505.51	275.95	134.95
Accrued Expenses	6.26	27.21	65.4	50.44	28.13	20.57
Short-Term Debt	-	-	50	7.41	6.44	-
Current Portion of Leases	1.6	2.54	1.52	1.47	1.39	0.81
Current Income Taxes Payable	26.92	1.28	1.15	0.95	2.69	1.26
Current Unearned Revenue	39.64	41.26	97.8	100.06	84.87	209.73
Other Current Liabilities	51.81	59.14	119.02	118.57	124.68	104.54
Total Current Liabilities	691.68	765.07	978.45	784.41	524.16	471.86
Long-Term Debt	18.48	23.03	11.97	8.85	3.86	6.61
Long-Term Leases	6.46	7.15	3.94	2.6	3.17	3.59
Long-Term Unearned Revenue	40.42	41.42	42.83	23.15	19.6	12.95
Long-Term Deferred Tax Liabilities	-	-	-	2.29	3.71	5.46
Other Long-Term Liabilities	5.2	4.66	9.49	8.49	8.49	-
Total Liabilities	762.23	841.32	1,047	829.79	562.98	500.46
Common Stock	404.31	404.31	404.31	404.31	404.31	404.31
Additional Paid-In Capital	870.85	870.85	870.85	870.85	870.85	850.3
Retained Earnings	1,963	1,921	1,782	1,654	1,535	1,467
Comprehensive Income & Other	12.46	9.55	9.16	7.83	8.21	5.68
Total Common Equity	3,251	3,206	3,066	2,937	2,818	2,727
Minority Interest	66.18	64.99	64.6	67.59	67.53	93.51
Shareholders' Equity	3,317	3,271	3,131	3,005	2,886	2,820
Total Liabilities & Equity	4,079	4,112	4,178	3,835	3,449	3,321
Total Debt	26.54	32.72	67.43	20.33	14.86	11
Net Cash (Debt)	279.47	346.25	407.99	506.63	527.24	622.38
Net Cash Growth	-21.34%	-15.13%	-19.47%	-3.91%	-15.29%	4.09%
Net Cash Per Share	0.68	0.86	1.01	1.27	1.29	1.55
Filing Date Shares Outstanding	404.31	404.31	404.31	404.31	404.31	404.31
Total Common Shares Outstanding	404.31	404.31	404.31	404.31	404.31	404.31
Working Capital	1,424	1,396	1,376	1,341	1,331	1,495
Book Value Per Share	8.04	7.93	7.58	7.26	6.97	6.74
Tangible Book Value	3,167	3,122	2,978	2,845	2,725	2,613
Tangible Book Value Per Share	7.83	7.72	7.36	7.04	6.74	6.46
Buildings	-	445.79	320.22	284.94	287	349.47
Machinery	-	1,191	1,126	1,064	985.78	1,306
Construction In Progress	-	32.59	142.34	84.29	54.77	50.16