SHA:603014 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	1,320	1,584	818.09	649.62	595.98	330.38
Trading Asset Securities	1,462	1,221	330.13	70.11	-	2.29
Cash & Short-Term Investments	2,782	2,805	1,148	719.73	595.98	332.66
Cash Growth	137.28%	144.29%	59.54%	20.77%	79.15%	-
Accounts Receivable	931.3	925.58	934.83	929.83	1,098	919.83
Other Receivables	14.29	14.41	17.26	7.23	3.37	70.36
Receivables	945.59	939.99	952.1	937.07	1,101	990.19
Inventory	815.12	823.25	757.07	900.14	661.07	561.22
Other Current Assets	124.49	105.48	119.19	95.66	81.56	98.66
Total Current Assets	4,667	4,674	2,977	2,653	2,440	1,983
Property, Plant & Equipment	3,281	3,298	3,384	3,330	3,354	3,219
Long-Term Investments	187.03	177.99	142.86	170.8	126.74	104.55
Other Intangible Assets	287.9	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	68.66	66.44	62.55	62.88	68.9	54.59
Long-Term Deferred Charges	10.74	8.47	7.76	11.48	15.99	21.36
Other Long-Term Assets	93.1	93.79	120.16	151.16	105.98	251.97
Total Assets	8,596	8,608	6,990	6,682	6,410	5,940
Accounts Payable	505.36	570.4	418.9	649	710.74	526.01
Accrued Expenses	125.12	204.72	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	6.02	-	-	-	-	121.18
Current Portion of Leases	-	2.9	5.48	2.87	1.92	0.32
Current Income Taxes Payable	39.66	9.13	36.19	18.03	10.08	19.6
Current Unearned Revenue	248.33	294.72	295.38	249.52	293.07	186.8
Other Current Liabilities	334.65	333.52	358.97	320.72	358.92	482.47
Total Current Liabilities	1,259	1,415	1,312	1,454	1,643	2,154
Long-Term Leases	10.87	0.03	2.65	1.04	1.83	-
Long-Term Unearned Revenue	69.35	71.55	78.97	89.99	98.35	109.88
Long-Term Deferred Tax Liabilities	2.87	2.81	-	-	-	-
Total Liabilities	1,342	1,490	1,393	1,545	1,743	2,264
Common Stock	417.75	417.75	370.25	370.25	370.25	350
Additional Paid-In Capital	4,775	4,758	3,700	3,689	3,662	3,007
Retained Earnings	2,061	1,943	1,526	1,077	634.89	319.93
Comprehensive Income & Other	-0.06	-0.31	-0.17	-0.31	-0.17	-0.36
Total Common Equity	7,254	7,119	5,597	5,136	4,667	3,676
Minority Interest	0.01	0.01	-	-	-	-
Shareholders' Equity	7,254	7,119	5,597	5,136	4,667	3,676
Total Liabilities & Equity	8,596	8,608	6,990	6,682	6,410	5,940
Total Debt	16.89	2.93	11.3	10.55	45.6	800.68
Net Cash (Debt)	2,765	2,802	1,137	709.18	550.38	-468.02
Net Cash Growth	137.62%	146.47%	60.32%	28.85%	-	-
Net Cash Per Share	6.79	7.09	3.06	1.92	1.51	-1.33
Filing Date Shares Outstanding	422.52	417.75	370.25	370.25	363.84	351.11
Total Common Shares Outstanding	422.52	417.75	370.25	370.25	363.84	351.11
Working Capital	3,408	3,258	1,665	1,198	797.07	-171.23
Book Value Per Share	17.17	17.04	15.12	13.87	12.83	10.47
Tangible Book Value	6,966	6,829	5,301	4,834	4,369	3,371
Tangible Book Value Per Share	16.49	16.35	14.32	13.05	12.01	9.60
Buildings	-	2,342	2,175	2,106	2,080	1,528
Machinery	-	2,229	1,883	1,795	1,769	1,714
Construction In Progress	-	322.46	768.12	667.77	549.49	824.27

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