SHA:601996 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	742.82	785.89	744.45	700.53	817.66	897.95
Trading Asset Securities	0.06	0.01	0	-	-	-
Cash & Short-Term Investments	742.88	785.89	744.45	700.53	817.66	897.95
Cash Growth	20.87%	5.57%	6.27%	-14.33%	-8.94%	-18.17%
Accounts Receivable	289.26	327.42	402.54	269.61	427.32	428.59
Other Receivables	12.3	12.37	8.4	6.88	11.44	26.12
Receivables	301.56	339.78	410.94	276.49	438.76	454.71
Inventory	586.65	565.93	706.85	695.06	651.4	532.56
Prepaid Expenses	-	-	-	-	0	0.02
Other Current Assets	69.66	71.98	79.59	89.39	94.09	61.37
Total Current Assets	1,701	1,764	1,942	1,761	2,002	1,947
Property, Plant & Equipment	1,304	1,327	1,483	1,611	1,748	1,668
Long-Term Investments	42.37	42.37	59.77	71.46	75.11	63.73
Goodwill	4.28	4.28	4.28	25.14	36.16	40.95
Other Intangible Assets	234.92	236.25	241.34	243.66	250.33	241.1
Long-Term Deferred Tax Assets	1.05	1.23	1	0.88	0.99	0.56
Long-Term Deferred Charges	1.89	2.19	10.54	13.06	14.29	15.72
Other Long-Term Assets	6.75	4.98	9.7	7.86	7.39	55.23
Total Assets	3,296	3,382	3,751	3,734	4,134	4,032
Accounts Payable	243.1	343.39	351.44	493.42	445.67	335.93
Accrued Expenses	1.23	7.97	5.79	13.87	14.11	16.76
Short-Term Debt	511.07	464.58	689.92	270.15	230.15	352.81
Current Portion of Long-Term Debt	-	-	-	-	94.82	56.62
Current Portion of Leases	6.98	6.95	7.72	8.86	7.13	6.5
Current Income Taxes Payable	5.91	0.03	0.27	0.02	0.7	0.71
Current Unearned Revenue	12.95	15.12	20.74	14.25	22.87	32.53
Other Current Liabilities	12.44	13.49	14.28	13.73	12.46	11
Total Current Liabilities	793.69	851.54	1,090	814.3	827.91	812.86
Long-Term Debt	-	-	-	-	441	335.39
Long-Term Leases	18.12	19.38	23.83	27.96	29.38	33.27
Long-Term Unearned Revenue	11.91	12.8	8.17	10.73	10.98	11.68
Long-Term Deferred Tax Liabilities	9.37	9.4	9.98	10.57	10.9	13.45
Other Long-Term Liabilities	4.86	4.21	5.45	2.89	-	-
Total Liabilities	837.94	897.33	1,138	866.44	1,320	1,207
Common Stock	1,121	1,121	1,121	1,146	1,146	1,146
Additional Paid-In Capital	701.75	701.75	701.75	752.86	752.86	752.86
Retained Earnings	628.52	656.15	784.65	1,039	986.86	1,009
Treasury Stock	-	-	-	-75.81	-75.81	-75.81
Comprehensive Income & Other	1.73	1.68	1.79	1.51	-0.06	-10.58
Total Common Equity	2,453	2,481	2,609	2,863	2,809	2,821
Minority Interest	4.69	4.51	4.4	4.44	4.19	4.91
Shareholders' Equity	2,458	2,485	2,614	2,868	2,814	2,826
Total Liabilities & Equity	3,296	3,382	3,751	3,734	4,134	4,032
Total Debt	536.17	490.91	721.47	306.96	802.48	784.58
Net Cash (Debt)	206.71	294.98	22.97	393.56	15.18	113.37
Net Cash Growth	2601.97%	1184.00%	-94.16%	2492.26%	-86.61%	-77.54%
Net Cash Per Share	0.18	0.25	0.02	0.38	0.01	0.10
Filing Date Shares Outstanding	1,121	1,121	1,121	1,121	1,121	1,121
Total Common Shares Outstanding	1,121	1,121	1,121	1,121	1,121	1,121
Working Capital	907.05	912.05	851.66	947.17	1,174	1,134
Book Value Per Share	2.19	2.21	2.33	2.55	2.51	2.52
Tangible Book Value	2,214	2,240	2,363	2,595	2,523	2,539
Tangible Book Value Per Share	1.97	2.00	2.11	2.31	2.25	2.26
Buildings	-	928.44	926.76	922.72	909.3	673.48
Machinery	-	1,951	1,961	1,943	1,922	1,406
Construction In Progress	-	9.04	7.92	8.05	17.78	587.51

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