SHA:603048 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	96.4	138.53	158.26	211.22	329.24	186.59
Trading Asset Securities	0.25	40.27	0.19	0.09	0.1	245.16
Cash & Short-Term Investments	96.65	178.8	158.45	211.31	329.34	431.75
Cash Growth	-17.67%	12.84%	-25.01%	-35.84%	-23.72%	620.95%
Accounts Receivable	361.89	272.94	273.56	329.6	192.35	264.98
Other Receivables	2.51	5.23	0.49	0.24	5.55	0.11
Receivables	364.39	278.16	274.06	329.84	197.9	265.08
Inventory	211.81	212.92	187.31	181.29	197.63	206.68
Other Current Assets	5.66	3.68	5.27	6.19	3.88	2.48
Total Current Assets	678.51	673.56	625.1	728.63	728.74	905.98
Property, Plant & Equipment	733.6	742.23	761.29	782.03	709.44	512.56
Long-Term Investments	107.14	91.79	84.79	69.97	62.01	4.84
Other Intangible Assets	95.94	94.37	94.5	93.87	96.19	98.56
Long-Term Deferred Tax Assets	14.15	15.08	14.89	12.72	12.62	3.64
Long-Term Deferred Charges	0.91	0.68	0.22	0.31	0.4	-
Other Long-Term Assets	21.24	1.79	14.5	7.83	12.84	12.78
Total Assets	1,671	1,620	1,595	1,695	1,622	1,538
Accounts Payable	241.43	190.23	184.06	191.4	85.35	130.9
Accrued Expenses	21.98	51.82	43.43	45.08	36.06	36.46
Short-Term Debt	59.03	57.03	40.03	83.08	153.17	46.56
Current Portion of Leases	-	1.31	0.89	0.67	0.57	0.13
Current Income Taxes Payable	7.2	0.56	0.8	0.43	-	1.31
Current Unearned Revenue	0.38	0.41	0.46	0.18	0.04	0.16
Other Current Liabilities	17.3	12.25	2.58	34.08	28.79	14.24
Total Current Liabilities	348.63	313.62	272.25	354.92	304	229.76
Long-Term Leases	2.44	2.52	1.42	0.99	1.3	0.06
Long-Term Unearned Revenue	15.53	16.01	17.97	19.96	15.11	4.24
Long-Term Deferred Tax Liabilities	24.31	22.76	22.35	19.7	15.89	9.11
Total Liabilities	390.91	354.91	313.98	395.57	336.3	243.17
Common Stock	146.88	146.88	146.88	146.88	146.88	146.88
Additional Paid-In Capital	808.52	808.52	808.52	808.52	808.52	808.52
Retained Earnings	333.3	317.45	337.41	345.48	330.62	339.83
Treasury Stock	-10	-10	-10	-	-	-
Comprehensive Income & Other	0.06	0.04	0.06	0.05	0.07	-0.03
Total Common Equity	1,279	1,263	1,283	1,301	1,286	1,295
Minority Interest	1.65	1.72	-1.57	-1.15	-0.15	-
Shareholders' Equity	1,280	1,265	1,281	1,300	1,286	1,295
Total Liabilities & Equity	1,671	1,620	1,595	1,695	1,622	1,538
Total Debt	62.78	60.86	42.33	84.73	155.05	46.75
Net Cash (Debt)	33.87	117.93	116.12	126.58	174.29	385
Net Cash Growth	-36.46%	1.56%	-8.26%	-27.37%	-54.73%	-
Net Cash Per Share	0.23	0.79	0.78	0.86	1.17	3.42
Filing Date Shares Outstanding	144.09	146.07	146.07	146.88	146.88	146.88
Total Common Shares Outstanding	144.09	146.07	146.07	146.88	146.88	146.88
Working Capital	329.89	359.94	352.85	373.7	424.75	676.23
Book Value Per Share	8.87	8.65	8.78	8.86	8.76	8.82
Tangible Book Value	1,163	1,169	1,188	1,207	1,190	1,197
Tangible Book Value Per Share	8.07	8.00	8.14	8.22	8.10	8.15
Buildings	-	644.51	632.13	622.86	407.19	405.23
Machinery	-	517.69	484.89	434.37	377.97	306.59
Construction In Progress	-	42.29	41.97	55.4	202.45	33.99

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