Shanghai Join Buy 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	477.15	490.09	434.23	377.8	325.09	305.19
Cash & Short-Term Investments	477.15	490.09	434.23	377.8	325.09	305.19
Cash Growth	12.47%	12.86%	14.94%	16.21%	6.52%	47.89%
Accounts Receivable	10.82	6.25	7.31	5.67	7.24	9.71
Other Receivables	2.11	1.51	1.67	1.63	1.25	1.19
Receivables	12.94	7.77	8.99	7.3	8.5	10.9
Inventory	16.6	14.94	16.25	18.02	18.01	18.8
Other Current Assets	2.35	2.4	2.25	2.87	8.04	3.85
Total Current Assets	509.02	515.19	461.72	405.99	359.63	338.74
Property, Plant & Equipment	67.01	68.54	56.94	64.93	61.78	68.03
Long-Term Investments	771.78	815.67	809.56	767.34	769.44	901.1
Goodwill	0	0	0	0	0	0
Other Intangible Assets	62.84	63.69	67.07	70.45	73.83	77.21
Long-Term Deferred Charges	4	4.25	5.26	3.79	3.82	3.95
Other Long-Term Assets	251.15	254.04	265.55	278.57	288.45	299.92
Total Assets	1,666	1,721	1,666	1,591	1,557	1,689
Accounts Payable	2.43	3.13	2.18	2.89	1.78	4.62
Accrued Expenses	-	1.74	0.98	1.01	1.37	1.2
Current Portion of Leases	-	5.74	6.03	7.49	6.12	6.15
Current Income Taxes Payable	0.71	0.01	0	-	-	-
Current Unearned Revenue	35	36.07	35.85	35.69	35.89	34.91
Other Current Liabilities	12.33	12.29	14.24	15.3	16.8	20.14
Total Current Liabilities	54.16	58.98	59.29	62.38	61.96	67.01
Long-Term Leases	21.05	21.05	7.13	13.27	16.81	20.91
Long-Term Deferred Tax Liabilities	46.73	61.87	59.57	44.32	46.56	82.6
Other Long-Term Liabilities	0.3	0.3	0.3	0.3	0.3	0.3
Total Liabilities	122.23	142.2	126.3	120.26	125.62	170.82
Common Stock	400.88	400.88	400.88	400.88	400.88	400.88
Additional Paid-In Capital	183.69	183.69	183.69	183.69	183.69	183.69
Retained Earnings	818.9	809.04	776.54	753.35	707.19	685.76
Comprehensive Income & Other	140.1	185.57	178.7	132.89	139.58	247.81
Shareholders' Equity	1,544	1,579	1,540	1,471	1,431	1,518
Total Liabilities & Equity	1,666	1,721	1,666	1,591	1,557	1,689
Total Debt	24.74	26.8	13.17	20.76	22.92	27.06
Net Cash (Debt)	452.41	463.29	421.07	357.04	302.17	278.13
Net Cash Growth	10.28%	10.03%	17.93%	18.16%	8.64%	34.77%
Net Cash Per Share	1.13	1.16	1.05	0.89	0.75	0.69
Filing Date Shares Outstanding	400.94	400.88	400.88	400.88	400.88	400.88
Total Common Shares Outstanding	400.94	400.88	400.88	400.88	400.88	400.88
Working Capital	454.87	456.21	402.43	343.61	297.67	271.73
Book Value Per Share	3.85	3.94	3.84	3.67	3.57	3.79
Tangible Book Value	1,481	1,515	1,473	1,400	1,358	1,441
Tangible Book Value Per Share	3.69	3.78	3.67	3.49	3.39	3.59
Buildings	-	49.56	49.56	48.42	48.42	48.42
Machinery	-	23.54	22.08	16.98	17.7	17.55
Construction In Progress	-	-	-	4.88	-	-

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