SHA:603088 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	262.92	299.45	192.97	270.73	274.14	87.54
Short-Term Investments	-	106.15	43.65	14.94	85	-
Trading Asset Securities	134.28	71.51	146.28	140.64	24.21	220.33
Cash & Short-Term Investments	397.2	477.11	382.89	426.31	383.35	307.87
Cash Growth	14.44%	24.61%	-10.18%	11.21%	24.52%	35.32%
Accounts Receivable	361.71	385.92	291.07	265.2	257.78	233.28
Other Receivables	11.63	12.73	5.78	5.74	4.43	4.39
Receivables	373.34	398.65	296.85	270.94	262.21	237.67
Inventory	514.3	472.94	389.71	429.92	424.82	344.82
Other Current Assets	105.22	52.88	2.85	2.71	3.94	12.32
Total Current Assets	1,390	1,402	1,072	1,130	1,074	902.68
Property, Plant & Equipment	325.21	331.81	165.87	166.62	159.37	140.68
Long-Term Investments	10	50.66	51.65	40.15	10	10
Goodwill	45.59	45.59	-	-	-	-
Other Intangible Assets	101.85	103.29	65.53	67.52	65.98	68.59
Long-Term Deferred Tax Assets	18.99	19.04	16.83	14.48	11.15	11.15
Long-Term Deferred Charges	2.95	3.94	0.49	0.85	1.31	1.78
Other Long-Term Assets	78.89	14.26	13.76	12.11	19.95	20.3
Total Assets	1,974	1,970	1,386	1,432	1,342	1,155
Accounts Payable	235.71	257.92	185.45	209.27	192.37	135.1
Accrued Expenses	29.84	64.41	54.64	56.45	46.2	39.75
Short-Term Debt	-	-	-	2.84	15.34	46.85
Current Portion of Long-Term Debt	0.63	0.06	-	-	-	-
Current Portion of Leases	-	0.65	0.14	0.1	0.57	0.54
Current Income Taxes Payable	11.96	8.66	13.63	11.09	10.45	6.39
Current Unearned Revenue	430.64	372.54	286.49	362.24	342.99	303.65
Other Current Liabilities	51.21	61.98	44.72	44.19	78.58	61.2
Total Current Liabilities	760	766.22	585.07	686.19	686.49	593.48
Long-Term Debt	0.84	0.81	-	-	-	-
Long-Term Leases	0.62	0.8	0.25	-	0.1	0.67
Long-Term Unearned Revenue	4.68	2.79	3	3.83	4	6.69
Long-Term Deferred Tax Liabilities	14.23	14.58	-	-	-	2.36
Other Long-Term Liabilities	19.14	19.08	7.77	5.39	3	-
Total Liabilities	799.51	804.28	596.08	695.41	693.59	603.21
Common Stock	502.39	502.39	437.87	437.9	438.03	307.33
Additional Paid-In Capital	337.72	337.72	42.7	40.48	31	63.4
Retained Earnings	300.97	292.94	299.81	262.16	199.29	173.36
Treasury Stock	-	-	-7.2	-15.81	-28.5	-
Comprehensive Income & Other	8.04	7.98	4.72	2.27	-0.01	-0.06
Total Common Equity	1,149	1,141	777.9	727	639.81	544.03
Minority Interest	24.92	24.84	12.48	9.2	8.68	7.94
Shareholders' Equity	1,174	1,166	790.37	736.2	648.49	551.97
Total Liabilities & Equity	1,974	1,970	1,386	1,432	1,342	1,155
Total Debt	2.09	2.32	0.4	2.95	16.01	48.06
Net Cash (Debt)	395.12	474.78	382.5	423.36	367.35	259.81
Net Cash Growth	13.96%	24.13%	-9.65%	15.25%	41.39%	14.19%
Net Cash Per Share	0.80	0.99	0.88	0.96	0.85	0.61
Filing Date Shares Outstanding	501.48	502.39	437.87	437.9	401.93	430.26
Total Common Shares Outstanding	501.48	502.39	437.87	437.9	401.93	430.26
Working Capital	630.07	635.36	487.25	443.7	387.83	309.19
Book Value Per Share	2.29	2.27	1.78	1.66	1.59	1.26
Tangible Book Value	1,002	992.16	712.37	659.48	573.83	475.44
Tangible Book Value Per Share	2.00	1.97	1.63	1.51	1.43	1.10
Buildings	-	299.57	162.72	162.71	130.18	120.3
Machinery	-	498.58	245.78	218.96	211.64	198.77
Construction In Progress	-	4.15	2.31	13.86	17.94	7.25

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