SHA:603026 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	939.29	761.06	304.14	646.02	1,225	866.28
Short-Term Investments	-	1,405	1,190	-	-	-
Trading Asset Securities	7.41	7.36	0.73	0.75	51.63	165
Cash & Short-Term Investments	946.71	2,173	1,495	646.77	1,277	1,031
Cash Growth	1.47%	45.41%	131.09%	-49.35%	23.81%	41.58%
Accounts Receivable	3,631	2,613	1,540	756.44	1,163	1,401
Other Receivables	66.36	9.36	65.25	30.69	50.57	8.4
Receivables	3,697	2,623	1,605	787.13	1,213	1,409
Inventory	951.13	682.22	603.43	425.26	398.79	250.29
Other Current Assets	1,429	235.58	244.98	229.55	325.08	128.07
Total Current Assets	7,024	5,714	3,948	2,089	3,214	2,819
Property, Plant & Equipment	4,943	5,039	5,149	4,714	2,577	1,522
Long-Term Investments	33.97	33.89	33.8	33.93	33.91	92.61
Other Intangible Assets	309.37	367.82	381.45	328.76	280.65	112.65
Long-Term Deferred Tax Assets	122.72	137.83	61.19	15.08	19.41	12.1
Long-Term Deferred Charges	-	0.03	0.15	0.27	6.46	114.46
Other Long-Term Assets	95.03	80.93	75.33	95.44	274.23	17.43
Total Assets	12,528	11,374	9,649	7,276	6,406	4,690
Accounts Payable	1,603	1,656	2,190	1,494	1,149	487.24
Accrued Expenses	99.45	167.67	139	173.61	212.93	237.75
Short-Term Debt	3,304	2,390	1,007	367.89	115	2
Current Portion of Long-Term Debt	833.57	915.34	258.38	97.13	54.92	-
Current Portion of Leases	-	2.24	1.03	1.65	1.43	1.43
Current Income Taxes Payable	14.66	0.35	0.88	0.01	1.68	85.14
Current Unearned Revenue	85.78	38.16	39.81	55.56	108.3	66.34
Other Current Liabilities	78.83	97.37	81.24	70.17	73.16	88.01
Total Current Liabilities	6,019	5,268	3,717	2,260	1,717	967.91
Long-Term Debt	714.92	670.49	1,571	568.01	170.39	103.1
Long-Term Leases	6.99	6.92	7.85	6.86	10.1	9.73
Long-Term Unearned Revenue	27.34	27.99	5.64	6.11	3.05	3.56
Long-Term Deferred Tax Liabilities	89.54	56.47	23.37	45.31	52.32	26.56
Other Long-Term Liabilities	36.31	41.04	0.21	4.41	0.21	1.08
Total Liabilities	6,895	6,071	5,325	2,891	1,953	1,112
Common Stock	232.7	232.7	202.68	202.68	202.68	202.68
Additional Paid-In Capital	1,376	1,376	420.01	426.7	430.25	418.76
Retained Earnings	3,541	3,259	3,243	3,235	3,277	2,447
Comprehensive Income & Other	49.69	42.94	30.35	26.45	31.03	35.96
Total Common Equity	5,199	4,911	3,896	3,891	3,941	3,104
Minority Interest	434.69	392.22	427.84	494.97	512.23	473.29
Shareholders' Equity	5,634	5,303	4,324	4,386	4,453	3,578
Total Liabilities & Equity	12,528	11,374	9,649	7,276	6,406	4,690
Total Debt	4,859	3,985	2,845	1,042	351.82	116.26
Net Cash (Debt)	-3,912	-1,812	-1,351	-394.77	925.02	915.02
Net Cash Growth	-	-	-	-	1.09%	105.68%
Net Cash Per Share	-16.70	-7.98	-6.58	-1.90	4.56	4.51
Filing Date Shares Outstanding	232.73	232.7	202.68	202.68	202.68	203.57
Total Common Shares Outstanding	232.73	232.7	202.68	202.68	202.68	203.57
Working Capital	1,005	446.19	231.14	-171.25	1,497	1,851
Book Value Per Share	22.34	21.10	19.22	19.20	19.44	15.25
Tangible Book Value	4,890	4,543	3,515	3,562	3,660	2,992
Tangible Book Value Per Share	21.01	19.52	17.34	17.57	18.06	14.70
Buildings	-	1,575	1,282	1,029	892.11	523.74
Machinery	-	5,026	4,026	2,869	2,273	1,578
Construction In Progress	-	160.72	1,198	2,319	730.29	603.39

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