SHA:603029 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	193.65	320.62	349.96	380.46	404.64	375.69
Cash & Short-Term Investments	193.65	320.62	349.96	380.46	404.64	375.69
Cash Growth	11.32%	-8.38%	-8.02%	-5.97%	7.71%	66.72%
Accounts Receivable	182.7	267.06	167.22	160.12	147.52	112.41
Other Receivables	26.33	72.73	49.14	52.49	28.92	40.83
Receivables	209.03	339.79	216.36	212.61	176.45	153.23
Inventory	1,174	1,134	1,072	1,147	811.17	334.72
Other Current Assets	91.64	35.64	47.19	57.45	73.03	100.19
Total Current Assets	1,668	1,830	1,686	1,798	1,465	963.84
Property, Plant & Equipment	413.36	389.6	383.79	259.01	258.07	235.46
Long-Term Investments	10	10	10	10	10	10
Other Intangible Assets	77.95	78.6	80.99	75.68	72.53	74.49
Long-Term Deferred Tax Assets	67.84	60.62	57.47	49.38	37	23.24
Long-Term Deferred Charges	0.11	0.12	0.2	0.67	1.32	1.81
Other Long-Term Assets	18.51	19.32	22.54	25.76	28.98	32.2
Total Assets	2,256	2,388	2,241	2,218	1,873	1,341
Accounts Payable	255.13	343.41	307.47	215.81	262.19	102.76
Accrued Expenses	30.49	52.29	59.32	52.48	66.85	28.4
Short-Term Debt	159.92	159.91	115.08	20.02	144.15	30.04
Current Portion of Long-Term Debt	6.85	-	-	9.91	-	-
Current Portion of Leases	-	0.81	7.76	7.01	6.35	6.05
Current Income Taxes Payable	5.81	1.53	4.46	11.76	10.07	3.31
Current Unearned Revenue	539.58	614.55	597.61	809	400.92	247.93
Other Current Liabilities	44.89	41.11	70.92	90.99	52.01	41.26
Total Current Liabilities	1,043	1,214	1,163	1,217	942.53	459.75
Long-Term Leases	25.97	0.7	0.05	7.34	13.63	19.98
Long-Term Unearned Revenue	171.09	172.44	159.23	142.99	113.56	112.35
Long-Term Deferred Tax Liabilities	16.38	8.53	3.33	3.47	4.9	-
Other Long-Term Liabilities	40.46	40.46	18.72	-	-	-
Total Liabilities	1,297	1,436	1,344	1,371	1,075	592.07
Common Stock	121.34	121.34	121.34	121.34	121.34	93.34
Additional Paid-In Capital	178.47	178.47	178.47	178.47	178.47	206.47
Retained Earnings	637.29	629.89	576.13	527.43	479.26	432.05
Comprehensive Income & Other	22.52	22.85	20.71	20.44	19.5	17.11
Total Common Equity	959.62	952.54	896.64	847.68	798.58	748.97
Minority Interest	-0.03	-0.03	-0.03	-	-	-
Shareholders' Equity	959.59	952.51	896.61	847.68	798.58	748.97
Total Liabilities & Equity	2,256	2,388	2,241	2,218	1,873	1,341
Total Debt	192.74	161.41	122.9	44.28	164.12	56.07
Net Cash (Debt)	0.92	159.21	227.07	336.18	240.52	319.62
Net Cash Growth	-98.43%	-29.88%	-32.46%	39.77%	-24.75%	72.47%
Net Cash Per Share	0.01	1.32	1.87	2.78	1.97	2.65
Filing Date Shares Outstanding	123.41	121.34	121.34	121.34	121.34	121.34
Total Common Shares Outstanding	123.41	121.34	121.34	121.34	121.34	121.34
Working Capital	625.71	616.38	522.95	580.98	522.77	504.1
Book Value Per Share	7.78	7.85	7.39	6.99	6.58	6.17
Tangible Book Value	881.66	873.94	815.65	772	726.05	674.48
Tangible Book Value Per Share	7.14	7.20	6.72	6.36	5.98	5.56
Land	-	0.38	0.39	0.39	0.38	0.35
Buildings	-	232.43	229.46	192.66	192.67	192.33
Machinery	-	349.68	321.11	184.18	175.64	126.67
Construction In Progress	-	13.73	5.86	23.86	9.93	16.31

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