SHA:600731 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	1,041	1,022	1,082	1,064	769.34	497.23
Short-Term Investments	-	-	-	-	20	-
Cash & Short-Term Investments	1,041	1,022	1,082	1,064	789.34	497.23
Cash Growth	18.66%	-5.51%	1.66%	34.80%	58.75%	-46.66%
Accounts Receivable	476.19	557.52	590.46	489.48	656.62	587.67
Other Receivables	212.96	232.74	332.51	324.89	219.98	225.57
Receivables	689.15	790.26	922.97	814.37	876.6	813.24
Inventory	576.06	623.38	418.5	426.13	423.33	321.74
Other Current Assets	48.01	17.05	21.75	37.67	56	68.18
Total Current Assets	2,354	2,453	2,445	2,342	2,145	1,700
Property, Plant & Equipment	1,840	1,869	1,868	1,771	1,263	1,169
Long-Term Investments	31.93	34.13	26.56	25.2	18.44	16.03
Other Intangible Assets	259.26	262.47	205.51	215.66	189.18	194.97
Long-Term Deferred Tax Assets	31.03	31.08	34.3	33.84	22.74	20.01
Other Long-Term Assets	5.41	4.8	6.66	14.74	286.31	203.71
Total Assets	4,522	4,654	4,586	4,402	3,925	3,305
Accounts Payable	265.78	383.81	434.26	353.29	190.49	471.5
Accrued Expenses	28.99	138.86	96.05	103.92	107.32	68.36
Short-Term Debt	-	-	-	-	152.8	68.27
Current Portion of Long-Term Debt	35.98	35.1	15	5	4.5	4
Current Portion of Leases	-	0.99	2.99	0.24	-	-
Current Income Taxes Payable	18.77	18.73	35.3	38.29	58.61	42.77
Current Unearned Revenue	21.53	17.16	17.81	34.89	52.65	58.11
Other Current Liabilities	201.15	136.3	131.55	173.17	295	104.92
Total Current Liabilities	572.21	730.95	732.96	708.79	861.37	817.93
Long-Term Debt	476.45	495.3	430.5	446.5	560.5	270
Long-Term Leases	1.68	1.83	1.26	-	-	-
Long-Term Unearned Revenue	90.81	91.1	138.12	83.04	279.46	280.38
Long-Term Deferred Tax Liabilities	-	-	-	0.1	0.12	-
Other Long-Term Liabilities	20.15	20.15	21.15	24.3	30.58	31.1
Total Liabilities	1,161	1,339	1,324	1,263	1,732	1,399
Common Stock	558.74	558.74	558.74	558.74	461.79	461.79
Additional Paid-In Capital	1,135	1,135	1,196	1,196	606.66	631.65
Retained Earnings	1,572	1,527	1,395	1,242	968	615.73
Treasury Stock	-56.68	-56.68	-	-	-	-
Comprehensive Income & Other	9.94	8.34	9.83	8.83	9.41	9.55
Total Common Equity	3,219	3,172	3,160	3,005	2,046	1,719
Minority Interest	142.23	142.3	102.78	134.7	147.53	186.43
Shareholders' Equity	3,361	3,315	3,262	3,140	2,193	1,905
Total Liabilities & Equity	4,522	4,654	4,586	4,402	3,925	3,305
Total Debt	514.11	533.22	449.75	451.74	717.8	342.27
Net Cash (Debt)	526.66	488.82	631.93	612.26	71.54	154.96
Net Cash Growth	23.22%	-22.65%	3.21%	755.80%	-53.83%	-41.08%
Net Cash Per Share	0.93	0.86	1.13	1.11	0.15	0.34
Filing Date Shares Outstanding	542.29	541.98	558.74	558.74	461.79	461.79
Total Common Shares Outstanding	542.29	541.98	558.74	558.74	461.79	461.79
Working Capital	1,782	1,722	1,712	1,633	1,284	882.46
Book Value Per Share	5.94	5.85	5.65	5.38	4.43	3.72
Tangible Book Value	2,959	2,910	2,954	2,789	1,857	1,524
Tangible Book Value Per Share	5.46	5.37	5.29	4.99	4.02	3.30
Buildings	-	911.07	901.38	568.97	516.56	527.8
Machinery	-	1,526	1,489	1,144	1,003	928.66
Construction In Progress	-	145.33	63.33	557.3	160.97	79.65

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