SHA:603025 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	782.95	1,017	1,141	1,230	952.53	747.25
Trading Asset Securities	517.62	278.48	190.63	26.44	25.96	9.69
Cash & Short-Term Investments	1,301	1,296	1,332	1,256	978.49	756.94
Cash Growth	24.16%	-2.70%	6.04%	28.37%	29.27%	-0.81%
Accounts Receivable	1,959	1,798	1,237	1,012	739.12	520.94
Other Receivables	5.23	273.03	283.97	131.84	15.73	3.09
Receivables	1,965	2,071	1,521	1,144	754.86	524.03
Inventory	741.76	637.38	514.35	469.26	502.59	376.37
Prepaid Expenses	-	1.83	1.65	-	-	-
Other Current Assets	283	73.81	78.63	50.43	13.77	22.65
Total Current Assets	4,290	4,080	3,448	2,920	2,250	1,680
Property, Plant & Equipment	239.02	242.38	226.83	230.99	165.11	197.5
Long-Term Investments	108.49	108.77	113.51	133.47	93.21	105.92
Goodwill	373.72	373.72	413.53	413.53	413.53	230.36
Other Intangible Assets	31.04	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	56.66	43.02	32.79	22.21	12.12	5.32
Long-Term Deferred Charges	9.18	8.29	8.61	12.7	14.19	8.59
Other Long-Term Assets	98.96	20.09	22.19	21.14	133.43	83.88
Total Assets	5,207	4,980	4,412	3,936	3,127	2,328

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	648.65	551	433.53	528.56	352.96	200.69
Accrued Expenses	43.62	96.04	89.63	79.93	51.49	39.34
Short-Term Debt	629.58	591.23	652.01	502.97	321.32	-
Current Portion of Long-Term Debt	17.5	10	0.07	-	-	-
Current Portion of Leases	-	10.03	9.38	7.31	6.31	3.23
Current Income Taxes Payable	55.06	38.51	21.81	18.75	8.54	12.47
Current Unearned Revenue	248.52	175.83	92.67	57.11	25.73	8.64
Other Current Liabilities	122.71	120.29	53.31	90.37	121.74	28.1
Total Current Liabilities	1,766	1,593	1,352	1,285	888.09	292.47
Long-Term Debt	20	29	50.1	0.07	-	-
Long-Term Leases	10.36	8.08	15.48	8.35	9.4	12.46
Long-Term Unearned Revenue	0.67	0.76	1.28	2.18	2.01	1.6
Long-Term Deferred Tax Liabilities	6.77	6.86	10.11	10.98	8.87	2.25
Other Long-Term Liabilities	287.15	281.22	266.34	199.45	54	-
Total Liabilities	2,091	1,919	1,696	1,506	962.38	308.78

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	1,117	1,117	1,109	1,109	924.33	924.33
Additional Paid-In Capital	130.05	121.86	63.74	90.62	203.14	201.52
Retained Earnings	1,557	1,527	1,206	954.01	918.25	852.78
Treasury Stock	-55.2	-55.2	-	-	-9.28	-10.26
Comprehensive Income & Other	13.18	11	7.87	4.48	1.4	1.4
Total Common Equity	2,762	2,722	2,386	2,158	2,038	1,970
Minority Interest	354.69	339.2	330.48	271.27	126.3	49.6
Shareholders' Equity	3,116	3,061	2,717	2,430	2,164	2,019
Total Liabilities & Equity	5,207	4,980	4,412	3,936	3,127	2,328

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	677.43	648.33	727.04	518.7	337.02	15.69
Net Cash (Debt)	623.13	647.63	604.92	737.39	641.47	741.25
Net Cash Growth	37.35%	7.06%	-17.96%	14.95%	-13.46%	-2.86%
Net Cash Per Share	0.56	0.58	0.55	0.67	0.57	0.67
Filing Date Shares Outstanding	1,084	1,117	1,109	1,109	1,109	1,109
Total Common Shares Outstanding	1,084	1,117	1,109	1,109	1,109	1,109
Working Capital	2,524	2,487	2,095	1,635	1,362	1,388
Book Value Per Share	2.55	2.44	2.15	1.95	1.84	1.78
Tangible Book Value	2,357	2,315	1,935	1,704	1,579	1,723
Tangible Book Value Per Share	2.17	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