SHA:603004 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	621.03	526.8	645.05	1,195	273.25	231.76
Trading Asset Securities	560.37	622.98	388.22	-	-	-
Cash & Short-Term Investments	1,181	1,150	1,033	1,195	273.25	231.76
Cash Growth	12.71%	11.28%	-13.54%	337.34%	17.90%	23.00%
Accounts Receivable	149.26	127.2	136.45	137.96	152.23	110.45
Other Receivables	6.96	6.37	7.83	8.1	7.11	6.69
Receivables	156.22	133.56	144.27	146.06	159.34	117.13
Inventory	253.52	268.22	280.71	251.5	216.76	192.37
Other Current Assets	17.79	29.39	6.27	8.18	10.85	14.69
Total Current Assets	1,609	1,581	1,465	1,601	660.2	555.95
Property, Plant & Equipment	482.39	489.15	488.5	431.94	356.36	328.87
Long-Term Investments	5.6	5.6	-	-	-	-
Other Intangible Assets	65.49	65.87	67.63	69.39	71.08	72.29
Long-Term Deferred Tax Assets	15.96	17.43	20.58	21.51	21.68	9.75
Long-Term Deferred Charges	3.73	4.1	5.73	4.12	4.65	3.4
Other Long-Term Assets	136.59	137.71	134.2	1.81	3.76	0.2
Total Assets	2,319	2,301	2,181	2,130	1,118	970.45
Accounts Payable	120.29	121.89	113.51	98.01	115.56	108.41
Accrued Expenses	10.43	21.9	22.69	19.9	22.87	18.57
Short-Term Debt	29.32	29.33	16	7.01	53.6	84.9
Current Portion of Long-Term Debt	2.82	-	-	1.13	-	9.91
Current Portion of Leases	-	3.9	3.12	1.47	0.63	1.13
Current Income Taxes Payable	3.99	3.32	13.14	11.97	13.66	5.36
Current Unearned Revenue	2.29	1.09	2.38	3.48	7.93	4.36
Other Current Liabilities	54.68	6.3	6.15	16.15	31.65	24.25
Total Current Liabilities	223.82	187.73	176.99	159.11	245.9	256.9
Long-Term Debt	-	-	-	52.46	-	-
Long-Term Leases	4.84	4.84	2.36	0.96	0.52	0.47
Long-Term Unearned Revenue	9.2	9.43	6.48	6.98	4.26	2.98
Total Liabilities	237.86	202	185.82	219.52	250.67	260.35
Common Stock	235.52	235.52	235.52	235.52	176.64	176.64
Additional Paid-In Capital	1,222	1,222	1,219	1,233	421.61	418.36
Retained Earnings	611.84	630.22	530.5	419.36	245.29	94.63
Comprehensive Income & Other	8.78	9.02	9.54	8.95	7.76	5.54
Total Common Equity	2,078	2,097	1,994	1,897	851.31	695.17
Minority Interest	2.72	2.16	1.15	13.01	15.75	14.93
Shareholders' Equity	2,081	2,099	1,995	1,910	867.06	710.1
Total Liabilities & Equity	2,319	2,301	2,181	2,130	1,118	970.45
Total Debt	36.98	38.08	21.48	63.02	54.74	96.41
Net Cash (Debt)	1,144	1,112	1,012	1,132	218.51	135.34
Net Cash Growth	10.56%	9.87%	-10.62%	418.07%	61.45%	33.62%
Net Cash Per Share	4.84	4.69	4.27	6.44	1.23	0.77
Filing Date Shares Outstanding	239.37	235.52	235.52	235.52	176.64	176.64
Total Common Shares Outstanding	239.37	235.52	235.52	235.52	176.64	176.64
Working Capital	1,385	1,393	1,288	1,442	414.31	299.05
Book Value Per Share	8.68	8.90	8.47	8.05	4.82	3.94
Tangible Book Value	2,013	2,031	1,927	1,828	780.23	622.88
Tangible Book Value Per Share	8.41	8.62	8.18	7.76	4.42	3.53
Buildings	-	222.44	208.47	143.99	143.16	95.6
Machinery	-	481.07	308.74	295.26	287.29	201.48
Construction In Progress	-	22.78	173.27	164.79	69.48	156.17

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