SHA:603022 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	180.59	157.91	162.52	163.71	135.88	126.33
Short-Term Investments	-	-	-	-	-	10
Cash & Short-Term Investments	180.59	157.91	162.52	163.71	135.88	136.33
Cash Growth	-3.26%	-2.83%	-0.73%	20.48%	-0.33%	36.46%
Accounts Receivable	327.48	386.91	325.68	271.78	259.22	221.96
Other Receivables	10.74	5.63	5.42	4.27	4.62	377.21
Receivables	338.23	392.53	331.1	276.05	263.84	599.17
Inventory	164.09	129.19	98.43	87.92	111.68	113.21
Prepaid Expenses	-	-	-	-	-	2.63
Other Current Assets	15.3	15.86	10.78	7.53	15.65	10.86
Total Current Assets	698.21	695.5	602.82	535.22	527.04	862.2
Property, Plant & Equipment	342.45	352.87	332.73	327.3	325.65	305.68
Long-Term Investments	2.48	2.69	23.87	37.31	17	14
Other Intangible Assets	107	108.93	136.46	116.89	120.65	122.55
Long-Term Deferred Tax Assets	5.7	5.72	7.38	3.35	2.69	1.88
Long-Term Deferred Charges	1.96	2.02	3.41	3.59	5.7	4.43
Other Long-Term Assets	2.84	3.85	1.12	13.55	1.43	6
Total Assets	1,161	1,172	1,108	1,037	1,000	1,317
Accounts Payable	186.94	175.12	171.86	135.91	136.6	117.91
Accrued Expenses	5.65	13.52	13.37	16.77	17.07	12.02
Short-Term Debt	49.03	50.03	57.36	56.79	65.75	458
Current Portion of Long-Term Debt	10.88	11.81	-	-	-	-
Current Portion of Leases	-	-	8.92	8.51	5.63	5.35
Current Income Taxes Payable	4.55	9.95	5.99	5.08	3.52	2.18
Current Unearned Revenue	0.44	1.01	7.67	2.95	0.85	0.93
Other Current Liabilities	21.81	30.73	11.8	8.58	11.45	10.56
Total Current Liabilities	279.3	292.17	276.96	234.58	240.87	606.95
Long-Term Leases	16.22	18.62	19.36	15.48	10.72	3.53
Long-Term Unearned Revenue	13.6	13.87	14.94	15.21	16.29	17.36
Long-Term Deferred Tax Liabilities	0.14	0.17	0.42	0.54	0.6	0.52
Other Long-Term Liabilities	-	-	0.34	-	-	-
Total Liabilities	309.26	324.82	312.01	265.81	268.47	628.36
Common Stock	200	200	200	200	200	200
Additional Paid-In Capital	134.75	134.75	134.75	134.75	134.75	135.25
Retained Earnings	526.27	513.9	469.99	435.69	394.99	359.6
Comprehensive Income & Other	-7.15	0.6	-6.47	-3.14	-2.29	-6.47
Total Common Equity	853.87	849.25	798.27	767.3	727.45	688.38
Minority Interest	-2.49	-2.49	-2.49	4.09	4.25	-
Shareholders' Equity	851.38	846.76	795.78	771.39	731.69	688.38
Total Liabilities & Equity	1,161	1,172	1,108	1,037	1,000	1,317
Total Debt	76.12	80.46	85.63	80.77	82.1	466.89
Net Cash (Debt)	104.46	77.45	76.88	82.93	53.78	-330.55
Net Cash Growth	-2.50%	0.74%	-7.30%	54.20%	-	-
Net Cash Per Share	0.53	0.39	0.39	0.42	0.28	-1.61
Filing Date Shares Outstanding	206.08	183.72	200	200	200	200
Total Common Shares Outstanding	206.08	183.72	200	200	200	200
Working Capital	418.91	403.33	325.86	300.63	286.18	255.25
Book Value Per Share	4.14	4.62	3.99	3.84	3.64	3.44
Tangible Book Value	746.87	740.32	661.81	650.4	606.8	565.83
Tangible Book Value Per Share	3.62	4.03	3.31	3.25	3.03	2.83
Buildings	-	-	289.25	289.04	288.15	234.54
Machinery	-	-	166.05	154.17	143.22	125.63
Construction In Progress	-	-	13.14	3.79	1.05	43.66

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