SHA:600965 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	260.68	237.88	96.61	137.5	640.02	1,002
Trading Asset Securities	-	-	-	0	-	-
Cash & Short-Term Investments	260.68	237.88	96.61	137.5	640.02	1,002
Cash Growth	61.49%	146.22%	-29.73%	-78.52%	-36.10%	86.02%
Accounts Receivable	59.99	57.57	82.66	91.05	121.22	145.09
Other Receivables	19.09	16.03	30.34	9.82	32.78	51.39
Receivables	79.08	73.61	113	100.87	154	196.48
Inventory	1,141	1,035	928.1	855.15	592.45	619.19
Prepaid Expenses	-	0.22	0.48	-	-	-
Other Current Assets	55.17	29.18	27.89	19.37	33.74	41.03
Total Current Assets	1,536	1,376	1,166	1,113	1,420	1,858
Property, Plant & Equipment	982.36	1,034	1,144	1,205	823.97	572.06
Long-Term Investments	1.69	2.29	57.26	78.34	138.67	162.92
Other Intangible Assets	22.34	22.55	23.17	24.2	25.3	27.94
Long-Term Deferred Tax Assets	5.46	5.69	6.52	11.24	16.25	5.18
Long-Term Deferred Charges	187.84	203.8	200.74	130.14	32.96	29.99
Other Long-Term Assets	0.3	0.3	3.11	0.87	3.53	14.56
Total Assets	2,736	2,645	2,601	2,563	2,461	2,671
Accounts Payable	155.81	96.34	68.85	74.06	72.95	113.56
Accrued Expenses	21.8	25.46	32.53	55.5	27.63	26.95
Short-Term Debt	-	-	80.05	-	-	180
Current Portion of Long-Term Debt	6.29	0.2	-	-	-	-
Current Portion of Leases	-	6.89	6.32	9.69	13.51	10.93
Current Income Taxes Payable	8.03	8.3	4.17	8.19	3.19	24.54
Current Unearned Revenue	10.85	20.22	20.56	6.18	4.04	19.07
Other Current Liabilities	134.46	111.44	133.96	128.48	123.73	89.82
Total Current Liabilities	337.24	268.85	346.45	282.1	245.05	464.88
Long-Term Debt	99.8	99.8	-	-	-	-
Long-Term Leases	22.41	22.64	31.74	63.41	51.87	39.76
Long-Term Unearned Revenue	28.22	26.46	22.52	19.05	13.01	11.24
Long-Term Deferred Tax Liabilities	4.65	4.65	5.45	11.24	15.65	2.45
Other Long-Term Liabilities	12.98	12.98	13.05	19.18	19.18	-
Total Liabilities	505.29	435.37	419.22	394.97	344.75	518.32
Common Stock	818.7	818.7	818.7	818.7	818.7	818.7
Additional Paid-In Capital	297.67	297.67	297.67	297.67	297.67	297.67
Retained Earnings	1,084	1,062	1,036	1,025	970.5	993.52
Total Common Equity	2,200	2,179	2,153	2,141	2,087	2,110
Minority Interest	30.79	30.5	28.99	26.44	29.25	42.71
Shareholders' Equity	2,231	2,209	2,182	2,168	2,116	2,153
Total Liabilities & Equity	2,736	2,645	2,601	2,563	2,461	2,671
Total Debt	128.5	129.53	118.12	73.09	65.38	230.68
Net Cash (Debt)	132.17	108.35	-21.5	64.4	574.64	770.9
Net Cash Growth	195.43%	-	-	-88.79%	-25.46%	75.83%
Net Cash Per Share	0.18	0.13	-0.02	0.08	0.70	0.94
Filing Date Shares Outstanding	716.83	818.7	818.7	818.7	818.7	818.7
Total Common Shares Outstanding	716.83	818.7	818.7	818.7	818.7	818.7
Working Capital	1,199	1,107	819.63	830.78	1,175	1,393
Book Value Per Share	3.07	2.66	2.63	2.62	2.55	2.58
Tangible Book Value	2,178	2,156	2,130	2,117	2,062	2,082
Tangible Book Value Per Share	3.04	2.63	2.60	2.59	2.52	2.54
Buildings	-	918.33	918.36	908.87	546.42	363.48
Machinery	-	361.15	342.44	327.45	280.1	272.45
Construction In Progress	-	8.46	8.46	18.2	20.85	50.92

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