SHA:603038 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	269.66	384.3	358.4	158.23	243.51	259.05
Short-Term Investments	-	-	53.15	20.01	30.32	10.35
Trading Asset Securities	131.4	150.28	216.3	177.64	166.4	130.23
Cash & Short-Term Investments	401.05	534.58	627.85	355.88	440.23	399.63
Cash Growth	-28.87%	-14.85%	76.42%	-19.16%	10.16%	21.10%
Accounts Receivable	545.47	524.91	484.76	136.37	128.99	257.91
Other Receivables	10.23	16.08	8.14	2.63	3.21	3.43
Receivables	555.7	540.99	492.9	138.99	132.21	261.34
Inventory	251.49	291.83	187.22	124.73	126.36	116.79
Other Current Assets	72.23	64.25	43.09	69.32	65.02	138.94
Total Current Assets	1,280	1,432	1,351	688.92	763.81	916.7
Property, Plant & Equipment	666.53	672.2	738.16	520.9	602.63	593.9
Long-Term Investments	171.72	120.07	104.87	69.15	80.35	86.75
Goodwill	198.92	198.92	214.54	48.41	62.59	65.09
Other Intangible Assets	229.83	234.18	243.05	171.22	175.49	179.72
Long-Term Accounts Receivable	3.82	12.77	11.05	1.6	1.39	1.07
Long-Term Deferred Tax Assets	59.43	58.99	48.79	30.13	19.01	12.21
Long-Term Deferred Charges	21.44	23.63	8.5	2.51	4.53	7.59
Other Long-Term Assets	384.03	335.2	186.73	503.73	323.49	171.24
Total Assets	3,016	3,088	2,907	2,037	2,033	2,034
Accounts Payable	165.07	286.48	234.37	141.57	127.08	110.13
Accrued Expenses	20.67	49.34	70.42	25.38	22.22	24.87
Short-Term Debt	298.57	321.37	183.6	2.54	100.11	107
Current Portion of Long-Term Debt	55.34	50.16	40.03	17.32	10.81	1.9
Current Portion of Leases	-	5.78	6.62	1.88	3.65	2.28
Current Income Taxes Payable	9.72	3.97	11.36	4.06	2.44	1.55
Current Unearned Revenue	63.23	93.04	73.03	12.45	19.84	35.45
Other Current Liabilities	214.84	208.89	269.72	36.15	26.7	157.06
Total Current Liabilities	827.44	1,019	889.16	241.34	312.86	440.26
Long-Term Debt	460.89	432.76	386.32	399.29	335.79	214.25
Long-Term Leases	5.9	6.66	9.74	0.52	2.3	2.16
Long-Term Unearned Revenue	13.72	14.25	16.38	18.77	19.5	16.34
Long-Term Deferred Tax Liabilities	19.35	15.11	17.73	5.72	5.49	5.79
Other Long-Term Liabilities	11.14	9.84	4.98	0.86	-	-
Total Liabilities	1,338	1,498	1,324	666.49	675.94	678.8
Common Stock	268.68	268.68	268.68	206.67	206.67	206.67
Additional Paid-In Capital	398.96	398.96	398.96	460.96	461.17	461.35
Retained Earnings	769.77	700.98	692.82	680.05	668.48	672.29
Comprehensive Income & Other	-3.3	-1.56	-0.06	-1.27	-1.58	-6.65
Total Common Equity	1,434	1,367	1,360	1,346	1,335	1,334
Minority Interest	243.67	222.88	222.03	23.67	22.63	21.79
Shareholders' Equity	1,678	1,590	1,582	1,370	1,357	1,355
Total Liabilities & Equity	3,016	3,088	2,907	2,037	2,033	2,034
Total Debt	820.7	816.73	626.31	421.56	452.67	327.59
Net Cash (Debt)	-419.65	-282.15	1.54	-65.68	-12.44	72.04
Net Cash Growth	-	-	-	-	-	-31.28%
Net Cash Per Share	-1.52	-1.05	0.01	-0.25	-0.04	0.28
Filing Date Shares Outstanding	268.68	268.68	268.68	268.68	268.68	268.68
Total Common Shares Outstanding	268.68	268.68	268.68	268.68	268.68	268.68
Working Capital	453.04	412.61	461.9	447.58	450.95	476.45
Book Value Per Share	5.34	5.09	5.06	5.01	4.97	4.96
Tangible Book Value	1,005	933.95	902.8	1,127	1,097	1,089
Tangible Book Value Per Share	3.74	3.48	3.36	4.19	4.08	4.05
Buildings	-	513.49	576.24	390.72	345.23	336.26
Machinery	-	520.19	513.77	458.26	413.9	374.47
Construction In Progress	-	43.33	3.17	0.28	127	130.65