SHA:600854 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	1,199	1,213	1,149	1,059	1,027	943.34
Cash & Short-Term Investments	1,199	1,213	1,149	1,059	1,027	943.34
Cash Growth	4.84%	5.59%	8.51%	3.09%	8.88%	70.21%
Accounts Receivable	10.92	5.09	3.38	10.94	25.55	122.74
Other Receivables	7.19	4.91	0.03	0.45	1.42	2.62
Receivables	18.11	10	3.4	11.38	26.97	125.36
Inventory	151.46	149.1	165.29	194.82	225.74	279.69
Prepaid Expenses	-	-	-	-	0.13	0.69
Other Current Assets	19.99	7.18	3.28	3.39	11.16	37.39
Total Current Assets	1,388	1,379	1,321	1,268	1,291	1,386
Property, Plant & Equipment	77.14	79.93	88.3	97.19	121.61	132.58
Long-Term Investments	795.79	779.25	790.76	771.76	724.13	653.96
Other Intangible Assets	3.89	3.93	4.07	4.33	4.64	4.49
Long-Term Deferred Tax Assets	11.06	11.07	14.18	13.84	23.69	14.47
Long-Term Deferred Charges	-	-	-	-	-	0.32
Other Long-Term Assets	220.78	223.24	235.73	239.89	249.37	260.5
Total Assets	2,497	2,477	2,454	2,395	2,415	2,453
Accounts Payable	36.67	36.63	40.7	44.23	72.25	111.74
Accrued Expenses	0.29	40.68	59.71	56.58	58.44	65.86
Current Portion of Long-Term Debt	0.62	-	-	-	-	-
Current Portion of Leases	-	0.62	0.73	0.69	0.66	3.61
Current Income Taxes Payable	15.84	-	2.78	1.09	16.05	12.19
Current Unearned Revenue	44.84	41.25	40.3	44.06	133.81	279.34
Other Current Liabilities	29.57	5.57	4.76	11.54	16.73	16.37
Total Current Liabilities	127.84	124.75	148.98	158.19	297.93	489.11
Long-Term Leases	1.31	1.31	-	0.73	1.42	-
Long-Term Unearned Revenue	-	-	-	0.55	1.28	2.01
Long-Term Deferred Tax Liabilities	36.54	32.72	37.08	33.91	24.47	7.48
Total Liabilities	165.69	158.78	186.07	193.38	325.11	498.6
Common Stock	519.46	519.46	519.46	519.46	519.46	519.46
Additional Paid-In Capital	1,535	1,535	1,535	1,535	1,536	1,535
Retained Earnings	315.17	313.7	248.4	187.79	99.43	25.91
Comprehensive Income & Other	109.62	98.17	111.25	101.74	73.42	22.43
Total Common Equity	2,479	2,466	2,414	2,344	2,228	2,103
Minority Interest	-148	-148.1	-145.96	-141.52	-138.37	-148.82
Shareholders' Equity	2,331	2,318	2,268	2,202	2,089	1,954
Total Liabilities & Equity	2,497	2,477	2,454	2,395	2,415	2,453
Total Debt	1.93	1.93	0.73	1.42	2.08	3.61
Net Cash (Debt)	1,197	1,211	1,148	1,057	1,025	939.74
Net Cash Growth	4.74%	5.49%	8.58%	3.16%	9.08%	69.56%
Net Cash Per Share	2.30	2.33	2.21	2.04	1.97	1.81
Filing Date Shares Outstanding	524.11	519.46	519.46	519.46	519.46	519.46
Total Common Shares Outstanding	524.11	519.46	519.46	519.46	519.46	519.46
Working Capital	1,260	1,255	1,172	1,110	993.17	897.35
Book Value Per Share	4.73	4.75	4.65	4.51	4.29	4.05
Tangible Book Value	2,475	2,462	2,410	2,339	2,223	2,099
Tangible Book Value Per Share	4.72	4.74	4.64	4.50	4.28	4.04
Buildings	-	322.7	314.33	314.33	314.33	310.02
Machinery	-	137.69	137.67	186.07	312.11	313.27
Construction In Progress	-	-	5.9	-	-	-

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