SHA:601965 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	1,573	2,827	1,820	2,381	1,799	1,420
Trading Asset Securities	717.99	22.3	8.37	3.91	4.22	6.35
Cash & Short-Term Investments	2,291	2,850	1,828	2,385	1,803	1,427
Cash Growth	19.23%	55.90%	-23.36%	32.29%	26.38%	8.03%
Accounts Receivable	3,453	3,043	2,468	1,847	1,553	1,152
Other Receivables	48.99	52.3	90.72	144.88	31.47	61.8
Receivables	3,502	3,096	2,559	1,991	1,584	1,214
Inventory	414.83	320.23	345.32	268.1	240.61	230.77
Other Current Assets	222.1	143.36	201.51	90.5	56.58	31.99
Total Current Assets	6,430	6,409	4,933	4,735	3,684	2,903
Property, Plant & Equipment	6,990	6,564	4,468	3,575	3,170	2,965
Long-Term Investments	152.61	121.94	125.28	231.88	222.9	170.5
Goodwill	7.21	7.21	-	-	-	-
Other Intangible Assets	750.23	769.58	434.19	450.11	425.44	378.78
Long-Term Accounts Receivable	-	18.72	-	-	-	-
Long-Term Deferred Tax Assets	98.11	94.12	79.34	68.02	64.12	53.7
Long-Term Deferred Charges	62.45	50.62	46.05	31.84	29.6	23.75
Other Long-Term Assets	102.88	37.02	23.45	32.84	444.79	689.36
Total Assets	14,593	14,072	10,110	9,124	8,041	7,184

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	1,476	1,485	1,252	894.48	663.41	538.87
Accrued Expenses	134.87	481.72	359.92	273.29	174.86	111.59
Short-Term Debt	-	21.82	8.01	5.31	10.54	-
Current Portion of Long-Term Debt	154.78	60.71	17.78	2.79	-	2.83
Current Portion of Leases	-	59.83	44.32	15.07	8.68	5.91
Current Income Taxes Payable	76.62	68.34	32.51	33.24	18.28	29.61
Current Unearned Revenue	244.84	126.09	123.18	289.69	340.94	308.59
Other Current Liabilities	103.75	135.84	293.34	389.59	325.54	186.07
Total Current Liabilities	2,191	2,439	2,131	1,903	1,542	1,183
Long-Term Debt	1,402	1,122	4.61	5.57	-	-
Long-Term Leases	447.79	463.19	206.69	36.6	22.58	8.14
Long-Term Unearned Revenue	338.06	348.05	286.91	248.19	258.92	267.48
Long-Term Deferred Tax Liabilities	18.89	19.99	9.46	8.27	15.69	1.84
Other Long-Term Liabilities	9	17.3	-	-	-	-
Total Liabilities	4,406	4,410	2,639	2,202	1,839	1,461

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	1,003	1,003	1,003	1,004	1,005	989.23
Additional Paid-In Capital	1,807	1,808	1,825	1,852	1,783	1,596
Retained Earnings	5,532	5,078	4,361	3,941	3,411	3,019
Treasury Stock	-5.28	-52.34	-105.4	-210.65	-251.6	-124.05
Comprehensive Income & Other	-2.01	-2.01	-2.01	-2.01	-2.01	-2.01
Total Common Equity	8,335	7,835	7,082	6,584	5,946	5,478
Minority Interest	1,853	1,827	389	337.87	255.66	245
Shareholders' Equity	10,187	9,663	7,471	6,922	6,201	5,723
Total Liabilities & Equity	14,593	14,072	10,110	9,124	8,041	7,184

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	2,004	1,728	281.42	65.34	41.79	16.88
Net Cash (Debt)	286.47	1,122	1,547	2,320	1,761	1,410
Net Cash Growth	-30.21%	-27.44%	-33.33%	31.71%	24.93%	8.03%
Net Cash Per Share	0.29	1.12	1.56	2.36	1.79	1.43
Filing Date Shares Outstanding	990.2	1,003	1,003	1,004	1,005	989.23
Total Common Shares Outstanding	990.2	1,003	1,003	1,004	1,005	989.23
Working Capital	4,239	3,970	2,802	2,832	2,142	1,719
Book Value Per Share	8.42	7.81	7.06	6.56	5.92	5.54
Tangible Book Value	7,577	7,059	6,648	6,134	5,520	5,099
Tangible Book Value Per Share	7.65	7.04	6.63	6.11	5.49	5.15
Buildings	-	2,477	2,224	2,145	1,940	1,902
Machinery	-	3,825	3,255	2,770	2,468	2,255
Construction In Progress	-	2,259	948.89	527.65	328.86	155.28