SHA:603051 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	221.01	607.17	657.6	301.5	216.13	208.17
Trading Asset Securities	710.66	341.89	-	-	-	-
Cash & Short-Term Investments	931.67	949.06	657.6	301.5	216.13	208.17
Cash Growth	30.81%	44.32%	118.11%	39.50%	3.82%	66.01%
Accounts Receivable	618.87	648.94	913.35	1,350	1,038	537.21
Other Receivables	3.95	4.04	4.1	2.29	1.92	2.39
Receivables	622.82	652.98	917.45	1,353	1,040	539.6
Inventory	219.39	209.18	215.4	368.41	626.69	193.83
Other Current Assets	69.6	43.6	52.18	50.93	97.75	39.83
Total Current Assets	1,843	1,855	1,843	2,073	1,980	981.44
Property, Plant & Equipment	437.76	455.26	573.2	559.2	434.12	321.75
Other Intangible Assets	24.49	24.77	25.92	25.64	26.03	24.91
Long-Term Deferred Tax Assets	51.68	53.26	55.93	42.31	18.13	5.46
Long-Term Deferred Charges	12.77	14.89	23.14	19.67	6.2	3.97
Other Long-Term Assets	1.46	0.64	3.77	20.04	29	28.38
Total Assets	2,375	2,404	2,525	2,740	2,494	1,366
Accounts Payable	190.69	288.19	232.01	122.66	202.69	74.03
Accrued Expenses	7.65	12.86	36.62	31.15	25.73	24.93
Short-Term Debt	291.66	230.64	188.73	338.13	505.23	187.2
Current Portion of Long-Term Debt	65.41	68.44	25.38	52.94	10	10
Current Portion of Leases	-	-	5.95	0.37	0.91	2.36
Current Income Taxes Payable	6.38	5.16	4.93	2.48	3.5	2.92
Current Unearned Revenue	22.08	17.63	10.9	35.29	20.65	15.51
Other Current Liabilities	39.8	45.39	111.08	183.11	320.49	224.25
Total Current Liabilities	623.66	668.3	615.59	766.13	1,089	541.2
Long-Term Debt	27.12	28.93	318.42	630.66	47.91	55.15
Long-Term Leases	0.85	0.94	6.11	1.51	-	0.91
Long-Term Unearned Revenue	20.69	21.99	23.47	26.4	30.3	13.36
Long-Term Deferred Tax Liabilities	-	-	1.19	-	-	-
Other Long-Term Liabilities	0.06	0.06	-	-	-	-
Total Liabilities	672.38	720.22	964.79	1,425	1,167	610.62
Common Stock	161.63	161.63	104.62	93.32	93.32	69.01
Additional Paid-In Capital	1,191	1,191	996.04	748.04	732.5	180.3
Retained Earnings	342.39	322.4	437.32	420.39	544.02	505.97
Treasury Stock	-	-	-11.91	-25.95	-43.67	-
Comprehensive Income & Other	7.49	8.66	33.73	79.78	-	-
Shareholders' Equity	1,702	1,683	1,560	1,316	1,326	755.28
Total Liabilities & Equity	2,375	2,404	2,525	2,740	2,494	1,366
Total Debt	385.03	328.94	544.59	1,024	564.05	255.63
Net Cash (Debt)	546.64	620.13	113.02	-722.1	-347.91	-47.46
Net Cash Growth	216.13%	448.70%	-	-	-	-
Net Cash Per Share	3.51	4.15	0.86	-5.62	-2.89	-0.49
Filing Date Shares Outstanding	166.6	159.55	146.47	122.97	130.65	96.61
Total Common Shares Outstanding	166.6	159.55	146.47	122.97	130.65	96.61
Working Capital	1,220	1,187	1,227	1,307	890.91	440.24
Book Value Per Share	10.22	10.55	10.65	10.70	10.15	7.82
Tangible Book Value	1,678	1,659	1,534	1,290	1,300	730.37
Tangible Book Value Per Share	10.07	10.40	10.47	10.49	9.95	7.56
Buildings	-	-	239.77	232.94	178.17	169.72
Machinery	-	-	596.46	467.11	364.56	236.38
Construction In Progress	-	-	1.62	62.39	45.93	30.35

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