SHA:601890 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	1,495	1,918	1,495	1,613	1,439	1,502
Short-Term Investments	-	-	-	-	15	-
Trading Asset Securities	1,020	906.64	1,139	815.34	846.58	418.31
Cash & Short-Term Investments	2,514	2,825	2,634	2,429	2,301	1,921
Cash Growth	-7.94%	7.24%	8.46%	5.56%	19.79%	0.67%
Accounts Receivable	705.28	737.17	626.7	530.89	437.26	375.37
Other Receivables	12.05	9.25	66.28	55.93	73.37	74.29
Receivables	717.33	746.42	692.99	586.82	510.62	449.66
Inventory	1,162	875.69	919.29	976.87	866.2	752
Prepaid Expenses	-	-	5.69	1.04	0.21	0.7
Other Current Assets	262.03	305.77	70.84	49.55	98.79	89.15
Total Current Assets	4,656	4,753	4,323	4,043	3,777	3,212
Property, Plant & Equipment	664.79	672.46	665.59	626.89	525.72	580.22
Long-Term Investments	437.62	179.81	84.28	0.01	0.01	25.01
Other Intangible Assets	177.1	130.21	136.07	141.64	158.67	163.24
Long-Term Deferred Tax Assets	52.52	59.75	50.39	49.52	49.61	38.53
Long-Term Deferred Charges	57.26	56.09	0.34	0.35	0.38	0.48
Other Long-Term Assets	35.62	87.68	32.21	41.85	104.03	117.64
Total Assets	6,081	5,939	5,292	4,903	4,615	4,137
Accounts Payable	277.89	329.19	242.89	182.82	311.82	144.46
Accrued Expenses	22.53	32.29	134.37	126.81	89.27	107.54
Short-Term Debt	478.01	398.25	173.36	-	125.1	-
Current Portion of Long-Term Debt	238.84	103.56	397.72	4	300	-
Current Income Taxes Payable	43.81	43.41	23.17	19.14	21.47	9.08
Current Unearned Revenue	303.25	246.54	228.17	390.27	279.65	220.37
Other Current Liabilities	120.66	121.22	28.17	29.91	37.44	14.42
Total Current Liabilities	1,485	1,274	1,228	752.96	1,165	495.87
Long-Term Debt	424.9	580.64	166.78	451.24	6.14	305.62
Long-Term Unearned Revenue	74.33	74.33	80.97	86.81	88.47	93.77
Long-Term Deferred Tax Liabilities	1.45	1.45	1.45	1.45	1.45	1.45
Total Liabilities	1,986	1,931	1,477	1,292	1,261	896.71
Common Stock	959.4	959.4	959.4	959.4	959.4	959.4
Additional Paid-In Capital	1,384	1,384	1,384	1,384	1,384	1,384
Retained Earnings	1,550	1,466	1,282	1,101	912.75	802.1
Total Common Equity	3,893	3,809	3,626	3,445	3,256	3,146
Minority Interest	201.92	198.7	188.73	166.02	97.96	95
Shareholders' Equity	4,095	4,008	3,815	3,611	3,354	3,241
Total Liabilities & Equity	6,081	5,939	5,292	4,903	4,615	4,137
Total Debt	1,142	1,082	737.86	455.24	431.24	305.62
Net Cash (Debt)	1,373	1,742	1,896	1,973	1,869	1,615
Net Cash Growth	-27.96%	-8.12%	-3.91%	5.56%	15.76%	0.81%
Net Cash Per Share	1.43	1.82	1.98	2.06	1.94	1.68
Filing Date Shares Outstanding	958.99	957.37	959.4	959.4	959.4	959.4
Total Common Shares Outstanding	958.99	957.37	959.4	959.4	959.4	959.4
Working Capital	3,171	3,478	3,095	3,290	2,612	2,716
Book Value Per Share	4.06	3.98	3.78	3.59	3.39	3.28
Tangible Book Value	3,716	3,679	3,490	3,303	3,097	2,982
Tangible Book Value Per Share	3.88	3.84	3.64	3.44	3.23	3.11
Buildings	-	-	687.21	677.09	548.95	546.9
Machinery	-	-	847.51	820.67	799.46	788.51
Construction In Progress	-	-	94.61	40.01	20.91	21.64

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