SHA:603011 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	740.12	899.79	758.94	690.1	667.85	233.94
Short-Term Investments	-	-	-	20.1	-	-
Trading Asset Securities	-	-	0.01	0.03	20.16	51.43
Cash & Short-Term Investments	740.12	899.79	758.95	710.22	688.01	285.37
Cash Growth	-7.05%	18.56%	6.86%	3.23%	141.09%	-8.01%
Accounts Receivable	813.59	839.56	1,107	1,115	1,044	695.5
Other Receivables	11.4	8.9	7.86	7.82	13.5	22.53
Receivables	824.99	848.46	1,115	1,122	1,057	718.03
Inventory	1,401	1,295	1,234	1,156	934.88	821.95
Other Current Assets	61.17	46.63	73.86	34.11	118.18	74.43
Total Current Assets	3,027	3,090	3,182	3,023	2,798	1,900
Property, Plant & Equipment	580.83	530.11	526.17	434.39	375.32	386.42
Long-Term Investments	216.7	145.59	149.11	165.19	151.94	150.68
Goodwill	520.9	520.9	520.9	524.2	524.2	517
Other Intangible Assets	96.98	84.04	88.32	93.66	79.63	81.67
Long-Term Accounts Receivable	-	-	-	1.31	1.35	-
Long-Term Deferred Tax Assets	28.92	29.39	22.14	26.11	51.46	43.13
Long-Term Deferred Charges	8.17	6.38	8.33	11.33	8.64	8.93
Other Long-Term Assets	32.93	30.71	27.08	39.96	9.31	17.61
Total Assets	4,513	4,437	4,524	4,319	4,000	3,105
Accounts Payable	987.19	1,003	939.5	825.07	771.02	591.04
Accrued Expenses	35.14	122.35	115.19	75.97	64.74	48.14
Short-Term Debt	536.93	471.71	506.68	585.14	587.94	419.76
Current Portion of Long-Term Debt	35.29	16.95	61.24	103.12	1.02	-
Current Portion of Leases	-	-	10.1	13.75	14.64	18.7
Current Income Taxes Payable	11.29	15.37	4.22	10.42	4.52	2.94
Current Unearned Revenue	727.05	633.19	473.03	352.89	252.11	178.34
Other Current Liabilities	133.61	132.39	154.42	84.85	60.79	36.41
Total Current Liabilities	2,466	2,395	2,264	2,051	1,757	1,295
Long-Term Debt	131.7	104.7	70.4	-	19	-
Long-Term Leases	4.57	-	2.66	10.7	5	19.65
Long-Term Unearned Revenue	48.3	48.36	31.1	26.77	29.06	30.17
Long-Term Deferred Tax Liabilities	1	1.02	1.11	1.21	1.32	1.58
Other Long-Term Liabilities	-	0.59	13.28	8.86	4.17	3.09
Total Liabilities	2,652	2,550	2,383	2,099	1,815	1,350
Common Stock	494.41	494.41	494.41	494.41	494.41	448.95
Additional Paid-In Capital	997.07	997.07	1,378	1,378	1,364	1,027
Retained Earnings	350.64	379.33	250.7	339.69	323.06	324.78
Treasury Stock	-	-	-	-	-	-50.5
Comprehensive Income & Other	21.97	19.59	20.66	10.26	4.53	6.42
Total Common Equity	1,864	1,890	2,144	2,222	2,186	1,757
Minority Interest	-3.39	-3.22	-2.84	-2.21	-1.02	-1.24
Shareholders' Equity	1,861	1,887	2,141	2,220	2,185	1,755
Total Liabilities & Equity	4,513	4,437	4,524	4,319	4,000	3,105
Total Debt	708.49	593.36	651.08	712.72	627.6	458.11
Net Cash (Debt)	31.63	306.44	107.87	-2.49	60.41	-172.74
Net Cash Growth	-	184.09%	-	-	-	-
Net Cash Per Share	0.07	0.62	0.22	-0.00	0.14	-0.38
Filing Date Shares Outstanding	478.08	511.7	494.41	494.41	494.41	438.57
Total Common Shares Outstanding	478.08	511.7	494.41	494.41	494.41	438.57
Working Capital	560.85	694.74	917.19	971.3	1,041	604.45
Book Value Per Share	3.90	3.69	4.34	4.49	4.42	4.01
Tangible Book Value	1,246	1,285	1,534	1,604	1,582	1,158
Tangible Book Value Per Share	2.61	2.51	3.10	3.24	3.20	2.64
Buildings	-	-	475.24	319.51	325.1	324.1
Machinery	-	-	381.22	340.97	323.5	321.43
Construction In Progress	-	-	11.97	73.67	14.65	-

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