SHA:601065 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	1,364	1,326	1,279	1,685	295.19	208.85
Trading Asset Securities	-	-	-	-	-	22.23
Cash & Short-Term Investments	1,364	1,326	1,279	1,685	295.19	231.08
Cash Growth	7.05%	3.65%	-24.10%	470.80%	27.74%	-12.41%
Accounts Receivable	274.27	284.93	416	382.67	527.73	659.3
Other Receivables	18.92	24.93	1.98	1.29	2.37	-0.66
Receivables	293.19	309.86	417.99	383.96	530.1	658.64
Inventory	188.37	165.96	122.57	108.5	129.25	165.68
Prepaid Expenses	-	-	0.23	0.26	0.14	0.11
Other Current Assets	32.41	60.57	35.7	25.26	23.48	28.05
Total Current Assets	1,878	1,862	1,855	2,203	978.15	1,084
Property, Plant & Equipment	3,193	3,237	3,157	2,824	2,436	2,412
Goodwill	9.31	9.31	9.31	9.31	9.31	9.31
Other Intangible Assets	427.95	436.47	429.24	504.9	510.17	475.83
Long-Term Deferred Tax Assets	15.94	18.28	23.25	24.04	20.55	18.5
Long-Term Deferred Charges	1.58	1.73	-	0.32	0.63	0.61
Other Long-Term Assets	91.61	83.41	187.34	170.9	114.52	72.84
Total Assets	5,617	5,648	5,661	5,736	4,069	4,073
Accounts Payable	488.38	448.9	547.11	475.2	300.61	300.19
Accrued Expenses	83.86	65.43	89.58	86.33	66.46	66.52
Short-Term Debt	-	-	-	123.1	393.4	431.68
Current Portion of Long-Term Debt	6	5.98	-	6.5	95.5	133
Current Portion of Leases	-	-	5.35	9.78	-	-
Current Income Taxes Payable	31.97	44.02	10.21	25.24	12.79	20.34
Current Unearned Revenue	72.86	80.44	70.49	107.52	104.94	44.95
Other Current Liabilities	282.61	376.88	391.91	496.81	558.23	651.65
Total Current Liabilities	965.67	1,022	1,115	1,330	1,532	1,648
Long-Term Debt	-	-	-	117.1	262.38	587.75
Long-Term Leases	12.04	12.36	22.65	22.4	19.55	0.73
Long-Term Unearned Revenue	0.55	0.55	0.55	7.28	-	-
Long-Term Deferred Tax Liabilities	22.77	24.58	34.31	37.3	38.73	34.49
Other Long-Term Liabilities	45.31	45.33	46.23	46.73	48.34	60.23
Total Liabilities	1,046	1,104	1,218	1,561	1,901	2,332
Common Stock	642.78	642.78	642.78	642.78	482.78	482.78
Additional Paid-In Capital	2,413	2,413	2,413	2,403	1,012	1,012
Retained Earnings	1,429	1,403	1,294	1,058	612.68	190.99
Comprehensive Income & Other	18.43	17.87	25	13.43	6.24	2.06
Total Common Equity	4,503	4,477	4,374	4,117	2,114	1,688
Minority Interest	67.62	66.86	68.39	57.97	54.74	53.53
Shareholders' Equity	4,571	4,543	4,443	4,175	2,169	1,741
Total Liabilities & Equity	5,617	5,648	5,661	5,736	4,069	4,073
Total Debt	18.04	18.34	28	278.87	770.82	1,153
Net Cash (Debt)	1,346	1,307	1,251	1,406	-475.63	-922.08
Net Cash Growth	7.64%	4.50%	-11.04%	-	-	-
Net Cash Per Share	2.06	2.03	1.95	2.39	-0.98	-1.93
Filing Date Shares Outstanding	657.33	614.66	642.78	642.78	642.78	482.78
Total Common Shares Outstanding	657.33	614.66	642.78	642.78	482.78	482.78
Working Capital	911.93	840.28	740.71	872.46	-553.79	-564.78
Book Value Per Share	6.85	7.28	6.81	6.40	4.38	3.50
Tangible Book Value	4,066	4,031	3,936	3,603	1,594	1,203
Tangible Book Value Per Share	6.19	6.56	6.12	5.60	3.30	2.49
Buildings	-	-	1,295	1,203	1,182	1,116
Machinery	-	-	2,497	2,358	2,318	2,260
Construction In Progress	-	-	655.37	699.12	185.49	100.06

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