SHA:603020 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	324.72	187.35	211.6	405.35	314.8	247.39
Short-Term Investments	-	-	309	50.74	-	-
Trading Asset Securities	1,247	1,391	1,190	653.48	623.81	944.57
Cash & Short-Term Investments	1,571	1,578	1,711	1,110	938.6	1,192
Cash Growth	-7.48%	-7.76%	54.21%	18.21%	-21.25%	24.20%
Accounts Receivable	328.91	326.71	349.36	414.64	557.44	572.8
Other Receivables	13.69	3.23	6.33	26.35	29.94	18.9
Receivables	342.6	329.94	355.68	440.99	587.38	591.71
Inventory	556.39	509.62	426.3	629.27	669.01	548.26
Other Current Assets	190.41	175.03	93.72	89.98	120.07	129.65
Total Current Assets	2,661	2,593	2,587	2,270	2,315	2,462
Property, Plant & Equipment	596.47	610.41	641.33	771.68	772.65	669.5
Long-Term Investments	317.35	317.43	299.2	596.6	576.71	507.99
Goodwill	-	-	-	24.68	29.48	30.98
Other Intangible Assets	81.36	82.32	85.82	91.87	96.32	100.99
Long-Term Deferred Tax Assets	8.03	9.45	9.47	27.14	29.88	24.47
Long-Term Deferred Charges	0.03	0.05	0.19	4.27	10.59	12.27
Other Long-Term Assets	20.22	20.52	24.14	34.4	39.76	38.67
Total Assets	3,684	3,633	3,647	3,820	3,870	3,846
Accounts Payable	93.86	88.21	94.08	165.02	250.58	233.94
Accrued Expenses	0.25	20.36	39.82	41.61	67.23	52.07
Short-Term Debt	30	-	-	97.65	67.02	20.9
Current Portion of Long-Term Debt	6.54	6.6	-	-	-	-
Current Portion of Leases	-	-	5.18	9.05	9.89	11.43
Current Income Taxes Payable	12.92	11.58	21.16	7.24	12.43	9.36
Current Unearned Revenue	16.64	17.82	18.48	13.48	16.64	26.4
Other Current Liabilities	8.97	9.44	13.72	29.49	50.04	83.89
Total Current Liabilities	169.17	154.01	192.44	363.54	473.84	437.99
Long-Term Leases	5.69	7.29	8.21	8.95	18.01	30.17
Long-Term Unearned Revenue	21.25	21.52	22.57	27.41	29.72	27.8
Pension & Post-Retirement Benefits	-	-	0.28	0.36	-	-
Long-Term Deferred Tax Liabilities	19.78	21.79	22.68	31.32	32.18	25.73
Other Long-Term Liabilities	0.22	0.23	-	-	0.25	0.23
Total Liabilities	216.12	204.83	246.17	431.57	553.98	521.94
Common Stock	383.24	383.24	383.24	383.24	383.24	383.24
Additional Paid-In Capital	1,494	1,494	1,494	1,494	1,494	1,470
Retained Earnings	1,514	1,481	1,462	1,340	1,272	1,219
Treasury Stock	-78.6	-78.6	-78.6	-78.6	-78.6	-
Comprehensive Income & Other	1.04	1.74	1.84	1.33	-1.15	-4.62
Total Common Equity	3,314	3,281	3,262	3,140	3,069	3,068
Minority Interest	154.4	147.33	138.9	249.13	247.43	256.25
Shareholders' Equity	3,468	3,428	3,401	3,389	3,316	3,325
Total Liabilities & Equity	3,684	3,633	3,647	3,820	3,870	3,846
Total Debt	42.23	13.89	13.39	115.65	94.92	62.5
Net Cash (Debt)	1,529	1,564	1,698	993.92	843.68	1,129
Net Cash Growth	-9.07%	-7.85%	70.80%	17.81%	-25.30%	25.37%
Net Cash Per Share	4.07	4.16	4.52	2.65	2.22	3.42
Filing Date Shares Outstanding	375.55	375.81	375.64	375.64	375.64	383.24
Total Common Shares Outstanding	375.55	375.81	375.64	375.64	375.64	383.24
Working Capital	2,492	2,439	2,394	1,906	1,841	2,024
Book Value Per Share	8.82	8.73	8.68	8.36	8.17	8.01
Tangible Book Value	3,232	3,199	3,176	3,023	2,943	2,936
Tangible Book Value Per Share	8.61	8.51	8.45	8.05	7.84	7.66
Buildings	-	-	450.01	440.13	322.48	155.15
Machinery	-	-	448.6	557.86	463.5	381.2
Construction In Progress	-	-	4.5	68.53	253.42	374.72

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