SHA:603025 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	1,017	1,141	1,230	952.53	747.25
Trading Asset Securities	278.48	190.63	26.44	25.96	9.69
Cash & Short-Term Investments	1,296	1,332	1,256	978.49	756.94
Cash Growth	-2.70%	6.04%	28.37%	29.27%	-0.81%
Accounts Receivable	1,798	1,237	1,012	739.12	520.94
Other Receivables	273.03	283.97	131.84	15.73	3.09
Receivables	2,071	1,521	1,144	754.86	524.03
Inventory	637.38	514.35	469.26	502.59	376.37
Prepaid Expenses	1.83	1.65	-	-	-
Other Current Assets	73.81	78.63	50.43	13.77	22.65
Total Current Assets	4,080	3,448	2,920	2,250	1,680
Property, Plant & Equipment	242.38	226.83	230.99	165.11	197.5
Long-Term Investments	108.77	113.51	133.47	93.21	105.92
Goodwill	373.72	413.53	413.53	413.53	230.36
Other Intangible Assets	33.37	37.97	40.59	45.22	16.59
Long-Term Accounts Receivable	70.1	109.21	141.03	-	-
Long-Term Deferred Tax Assets	43.02	32.79	22.21	12.12	5.32
Long-Term Deferred Charges	8.29	8.61	12.7	14.19	8.59
Other Long-Term Assets	20.09	22.19	21.14	133.43	83.88
Total Assets	4,980	4,412	3,936	3,127	2,328
Accounts Payable	551	433.53	528.56	352.96	200.69
Accrued Expenses	96.04	89.63	79.93	51.49	39.34
Short-Term Debt	591.23	652.01	502.97	321.32	-
Current Portion of Long-Term Debt	10	0.07	-	-	-
Current Portion of Leases	10.03	9.38	7.31	6.31	3.23
Current Income Taxes Payable	38.51	21.81	18.75	8.54	12.47
Current Unearned Revenue	175.83	92.67	57.11	25.73	8.64
Other Current Liabilities	120.29	53.31	90.37	121.74	28.1
Total Current Liabilities	1,593	1,352	1,285	888.09	292.47
Long-Term Debt	29	50.1	0.07	-	-
Long-Term Leases	8.08	15.48	8.35	9.4	12.46
Long-Term Unearned Revenue	0.76	1.28	2.18	2.01	1.6
Long-Term Deferred Tax Liabilities	6.86	10.11	10.98	8.87	2.25
Other Long-Term Liabilities	281.22	266.34	199.45	54	-
Total Liabilities	1,919	1,696	1,506	962.38	308.78
Common Stock	1,117	1,109	1,109	924.33	924.33
Additional Paid-In Capital	121.86	63.74	90.62	203.14	201.52
Retained Earnings	1,527	1,206	954.01	918.25	852.78
Treasury Stock	-55.2	-	-	-9.28	-10.26
Comprehensive Income & Other	11	7.87	4.48	1.4	1.4
Total Common Equity	2,722	2,386	2,158	2,038	1,970
Minority Interest	339.2	330.48	271.27	126.3	49.6
Shareholders' Equity	3,061	2,717	2,430	2,164	2,019
Total Liabilities & Equity	4,980	4,412	3,936	3,127	2,328
Total Debt	648.33	727.04	518.7	337.02	15.69
Net Cash (Debt)	647.63	604.92	737.39	641.47	741.25
Net Cash Growth	7.06%	-17.96%	14.95%	-13.46%	-2.86%
Net Cash Per Share	0.58	0.55	0.67	0.57	0.67
Filing Date Shares Outstanding	1,117	1,109	1,109	1,109	1,109
Total Common Shares Outstanding	1,117	1,109	1,109	1,109	1,109
Working Capital	2,487	2,095	1,635	1,362	1,388
Book Value Per Share	2.44	2.15	1.95	1.84	1.78
Tangible Book Value	2,315	1,935	1,704	1,579	1,723
Tangible Book Value Per Share	2.07	1.74	1.54	1.42	1.55
Buildings	346.89	321.72	321.72	165.17	214.99
Machinery	136.67	120.58	114.32	106.15	79.72
Construction In Progress	1.4	0.94	0.47	0.53	6.15

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.