SHA:603014 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,584	823.69	649.62	595.98	330.38
Trading Asset Securities	1,221	330.13	70.11	-	2.29
Cash & Short-Term Investments	2,805	1,154	719.73	595.98	332.66
Cash Growth	143.11%	60.31%	20.77%	79.15%	-
Accounts Receivable	925.58	934.83	929.83	1,098	919.83
Other Receivables	14.41	2.31	7.23	3.37	70.36
Receivables	939.99	937.15	937.07	1,101	990.19
Inventory	823.25	757.07	900.14	661.07	561.22
Other Current Assets	105.48	128.54	95.66	81.56	98.66
Total Current Assets	4,674	2,977	2,653	2,440	1,983
Property, Plant & Equipment	3,298	3,384	3,330	3,354	3,219
Long-Term Investments	177.99	142.86	170.8	126.74	104.55
Other Intangible Assets	290.07	295.66	302.79	297.79	305.92
Long-Term Accounts Receivable	-	0.15	0.29	0.46	-
Long-Term Deferred Tax Assets	66.44	62.55	62.88	68.9	54.59
Long-Term Deferred Charges	8.47	7.76	11.48	15.99	21.36
Other Long-Term Assets	93.79	120.16	151.16	105.98	251.97
Total Assets	8,608	6,990	6,682	6,410	5,940
Accounts Payable	570.4	418.9	649	710.74	526.01
Accrued Expenses	162.92	193.66	207.68	226.15	138.4
Short-Term Debt	-	3.18	6.64	41.84	679.18
Current Portion of Long-Term Debt	2.9	-	-	-	121.18
Current Portion of Leases	-	5.48	2.87	1.92	0.32
Current Income Taxes Payable	52.45	36.19	18.03	10.08	19.6
Current Unearned Revenue	294.72	295.38	249.52	293.07	186.8
Other Current Liabilities	332	358.97	320.72	358.92	482.47
Total Current Liabilities	1,415	1,312	1,454	1,643	2,154
Long-Term Leases	0.03	2.65	1.04	1.83	-
Long-Term Unearned Revenue	71.55	78.97	89.99	98.35	109.88
Long-Term Deferred Tax Liabilities	2.81	-	-	-	-
Total Liabilities	1,490	1,393	1,545	1,743	2,264
Common Stock	417.75	370.25	370.25	370.25	350
Additional Paid-In Capital	4,758	3,700	3,689	3,662	3,007
Retained Earnings	1,943	1,526	1,077	634.89	319.93
Comprehensive Income & Other	-0.31	-0.17	-0.31	-0.17	-0.36
Total Common Equity	7,119	5,597	5,136	4,667	3,676
Minority Interest	0.01	-	-	-	-
Shareholders' Equity	7,119	5,597	5,136	4,667	3,676
Total Liabilities & Equity	8,608	6,990	6,682	6,410	5,940
Total Debt	2.93	11.3	10.55	45.6	800.68
Net Cash (Debt)	2,802	1,143	709.18	550.38	-468.02
Net Cash Growth	145.26%	61.11%	28.85%	-	-
Net Cash Per Share	7.09	3.09	1.92	1.51	-1.33
Filing Date Shares Outstanding	378.55	370.25	370.25	363.84	351.11
Total Common Shares Outstanding	378.55	370.25	370.25	363.84	351.11
Working Capital	3,258	1,665	1,198	797.07	-171.23
Book Value Per Share	18.80	15.12	13.87	12.83	10.47
Tangible Book Value	6,829	5,301	4,834	4,369	3,371
Tangible Book Value Per Share	18.04	14.32	13.05	12.01	9.60
Buildings	-	2,175	2,106	2,080	1,528
Machinery	-	1,883	1,795	1,769	1,714
Construction In Progress	-	768.12	667.77	549.49	824.27

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