SHA:603078 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	211.54	566.54	440.11	845.22	998.56	292.73
Short-Term Investments	-	-	0.06	0.06	0.1	-
Trading Asset Securities	361.58	-	170.19	-	-	90
Cash & Short-Term Investments	573.13	566.54	610.36	845.28	998.66	382.73
Cash Growth	-2.92%	-7.18%	-27.79%	-15.36%	160.93%	-30.53%
Accounts Receivable	500.16	487	431.54	383.69	386.61	335.03
Other Receivables	0.76	0.73	-	-	-	-
Receivables	500.92	487.73	431.54	383.69	386.61	335.03
Inventory	102.81	96.18	87.47	75.64	68.22	50.35
Other Current Assets	27	28.91	26.01	10.16	16.34	5.6
Total Current Assets	1,204	1,179	1,155	1,315	1,470	773.71
Property, Plant & Equipment	1,357	1,327	1,315	1,230	1,293	1,266
Other Intangible Assets	79.43	80.33	83.21	85.67	85.65	83.53
Long-Term Deferred Tax Assets	60.14	57.37	47.07	33.81	25.75	9.4
Long-Term Deferred Charges	8.57	9.28	6.1	2.08	1.03	0.9
Other Long-Term Assets	34.56	22.37	18.32	40.91	8.56	114.73
Total Assets	2,744	2,676	2,625	2,707	2,884	2,248
Accounts Payable	228.04	196.99	186.35	166.76	210.56	375.4
Accrued Expenses	14.87	33.74	33.82	29.36	30.17	23.8
Short-Term Debt	-	-	-	5.01	70.07	235.24
Current Portion of Long-Term Debt	20.77	19.95	15.02	315.78	122.39	38.23
Current Portion of Leases	-	-	1.43	1.53	0.46	0.54
Current Income Taxes Payable	10.74	8.67	1.44	4.29	2.91	5.09
Current Unearned Revenue	0	0.91	0.98	0.08	0.22	0.28
Other Current Liabilities	0.79	1.25	1.23	0.93	0.77	0.69
Total Current Liabilities	275.22	261.5	240.27	523.74	437.55	679.27
Long-Term Debt	440.75	424.05	468.02	280.33	274.38	392.73
Long-Term Leases	0.26	-	1.05	-	0.48	-
Long-Term Unearned Revenue	31.46	25.26	24.54	27.53	26.32	23.1
Long-Term Deferred Tax Liabilities	0.4	0.48	0.69	0.62	0.7	-
Other Long-Term Liabilities	-	-	-	-	293.69	-
Total Liabilities	748.09	711.29	734.57	832.21	1,033	1,095
Common Stock	385.64	385.64	385.64	385.64	296.64	195.97
Additional Paid-In Capital	837.18	837.18	837.18	634.57	811.39	516.47
Retained Earnings	768.4	739.62	669.51	615.23	530.74	442.65
Comprehensive Income & Other	3.91	1.57	0.4	-	-	-
Total Common Equity	1,995	1,964	1,893	1,635	1,639	1,155
Minority Interest	0.61	0.61	-1.92	239.74	212.1	-1.9
Shareholders' Equity	1,996	1,965	1,891	1,875	1,851	1,153
Total Liabilities & Equity	2,744	2,676	2,625	2,707	2,884	2,248
Total Debt	461.78	443.99	485.52	602.64	467.77	666.73
Net Cash (Debt)	111.35	122.54	124.84	242.63	530.89	-284
Net Cash Growth	4.99%	-1.84%	-48.55%	-54.30%	-	-
Net Cash Per Share	0.29	0.32	0.32	0.63	1.58	-0.86
Filing Date Shares Outstanding	385.74	385.62	385.64	385.68	385.64	331.19
Total Common Shares Outstanding	385.74	385.62	385.64	385.68	385.64	331.19
Working Capital	928.64	917.86	915.11	791.03	1,032	94.44
Book Value Per Share	5.17	5.09	4.91	4.24	4.25	3.49
Tangible Book Value	1,916	1,884	1,810	1,550	1,553	1,072
Tangible Book Value Per Share	4.97	4.88	4.69	4.02	4.03	3.24
Buildings	-	-	502.11	502.11	490.21	226.34
Machinery	-	-	1,092	1,067	928.04	435.88
Construction In Progress	-	-	221.94	50.68	157.3	812.51

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