SHA:603045 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	361.01	252.19	85.59	278.69	132.21	203.82
Trading Asset Securities	-	0.5	-	1	3	80
Cash & Short-Term Investments	361.01	252.69	85.59	279.69	135.21	283.82
Cash Growth	61.85%	195.22%	-69.40%	106.86%	-52.36%	-19.58%
Accounts Receivable	852.62	1,084	837.27	563.74	399.4	419.32
Other Receivables	2.15	1.67	3.88	4.84	10.89	12.51
Receivables	854.77	1,085	841.15	568.57	410.3	431.84
Inventory	1,582	949.59	776.56	648.24	564.17	684.79
Other Current Assets	144.34	78.04	51.62	24.14	19.39	68.36
Total Current Assets	2,942	2,366	1,755	1,521	1,129	1,469
Property, Plant & Equipment	644.98	644.1	613.61	602.97	602.8	571.83
Other Intangible Assets	45.84	45.56	46.27	46.54	48.44	54.63
Long-Term Deferred Tax Assets	17.43	18.32	15.29	13.66	15.45	15.85
Long-Term Deferred Charges	0.71	0.82	1.43	2.05	2.8	3.21
Other Long-Term Assets	72.53	74.91	71.44	82.52	81.07	53.4
Total Assets	3,723	3,149	2,503	2,268	1,880	2,168
Accounts Payable	312.76	248.52	147.27	84.39	38.21	102.36
Accrued Expenses	43.86	43.47	60.47	52.49	58.09	60.31
Short-Term Debt	1,014	832.6	547.47	584.63	466.82	576.8
Current Portion of Long-Term Debt	-	187.56	79.12	211.11	50.39	66.56
Current Portion of Leases	-	-	68.63	38.77	61.13	60.58
Current Income Taxes Payable	-	40.42	-	-	-	4.87
Current Unearned Revenue	95.52	10.09	6.27	7.24	7.58	7.3
Other Current Liabilities	239.88	51.13	34	43.37	44.38	31.17
Total Current Liabilities	1,706	1,414	943.23	1,022	726.6	909.96
Long-Term Debt	714.01	611.26	518.69	248.95	219	289.16
Long-Term Leases	-	0.15	28.02	30.38	-	60.66
Long-Term Unearned Revenue	34.55	35.96	30.58	23.53	23.37	26.98
Long-Term Deferred Tax Liabilities	10.63	11.02	11.56	9.52	11.31	11.4
Total Liabilities	2,465	2,072	1,532	1,334	980.28	1,298
Common Stock	135.45	135.45	135.45	135.45	137.62	137.62
Additional Paid-In Capital	218.78	218.78	218	218	245.85	245.85
Retained Earnings	899.34	718.28	618.48	581.11	546.21	516.45
Treasury Stock	-	-	-	-	-30.02	-30.02
Comprehensive Income & Other	-0.7	-1.13	-1.03	-0.57	-0.32	-0.33
Total Common Equity	1,253	1,071	970.91	933.99	899.34	869.57
Minority Interest	5.38	5.71	-	-	-	-
Shareholders' Equity	1,258	1,077	970.91	933.99	899.34	869.57
Total Liabilities & Equity	3,723	3,149	2,503	2,268	1,880	2,168
Total Debt	1,728	1,632	1,242	1,114	797.34	1,054
Net Cash (Debt)	-1,367	-1,379	-1,156	-834.15	-662.13	-769.96
Net Cash Per Share	-10.09	-10.18	-8.54	-6.16	-4.89	-5.68
Filing Date Shares Outstanding	135.45	135.46	135.45	135.45	135.45	135.45
Total Common Shares Outstanding	135.45	135.46	135.45	135.45	135.45	135.45
Working Capital	1,236	951.77	811.7	498.64	402.46	558.85
Book Value Per Share	9.25	7.91	7.17	6.90	6.64	6.42
Tangible Book Value	1,207	1,026	924.63	887.45	850.9	814.94
Tangible Book Value Per Share	8.91	7.57	6.83	6.55	6.28	6.02
Buildings	-	-	413.09	396.12	334.18	383.15
Machinery	-	-	407.43	342.51	289.18	252.77
Construction In Progress	-	-	91.57	126.62	185.7	101.76

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