SHA:603103 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,235	855.9	904.1	557.91	421.21
Trading Asset Securities	-	-	-	80	290
Cash & Short-Term Investments	1,235	855.9	904.1	637.91	711.21
Cash Growth	44.24%	-5.33%	41.73%	-10.31%	-34.25%
Accounts Receivable	55.76	83.09	94.56	80.43	116.19
Other Receivables	153.44	155.02	148.31	159.51	253.2
Receivables	209.2	238.1	242.87	239.94	369.38
Inventory	86.43	91.39	73.09	105.09	206.24
Other Current Assets	127.27	259.34	335.82	255.69	211.62
Total Current Assets	1,657	1,445	1,556	1,239	1,498
Property, Plant & Equipment	1,392	1,821	2,094	2,348	2,985
Long-Term Investments	104.7	104.83	84.14	118.85	65.6
Other Intangible Assets	4.35	2.67	2.76	2.94	3.47
Long-Term Deferred Tax Assets	171.18	170.91	177.87	181.63	180.07
Long-Term Deferred Charges	404.68	489.4	523.76	574.69	579.85
Other Long-Term Assets	14.46	17.33	26.52	55.62	141.97
Total Assets	3,749	4,051	4,465	4,520	5,454
Accounts Payable	95.9	118.07	126.1	135.24	84.46
Accrued Expenses	118.36	117.7	145.36	133.39	153.64
Current Portion of Leases	246.77	281.7	288.6	309.16	351.65
Current Income Taxes Payable	0.15	0.83	1.52	0.01	16.84
Current Unearned Revenue	612.42	569.68	525.11	551.86	608.85
Other Current Liabilities	108.55	136.34	164.71	166.53	148.51
Total Current Liabilities	1,182	1,224	1,251	1,296	1,364
Long-Term Leases	1,228	1,539	1,716	1,866	2,408
Long-Term Unearned Revenue	100.25	120.03	155.3	178.69	189.39
Long-Term Deferred Tax Liabilities	0.27	0.39	2.06	0.62	1.84
Other Long-Term Liabilities	-	-	-	4.37	-
Total Liabilities	2,511	2,883	3,125	3,346	3,963
Common Stock	634.2	634.2	634.2	634.2	634.2
Additional Paid-In Capital	568.56	568.56	568.56	568.56	568.56
Retained Earnings	35.34	-35.08	137.4	-28.45	288.98
Total Common Equity	1,238	1,168	1,340	1,174	1,492
Shareholders' Equity	1,238	1,168	1,340	1,174	1,492
Total Liabilities & Equity	3,749	4,051	4,465	4,520	5,454
Total Debt	1,475	1,820	2,005	2,175	2,759
Net Cash (Debt)	-240.31	-964.53	-1,100	-1,537	-2,048
Net Cash Per Share	-0.38	-1.50	-1.73	-2.42	-3.00
Filing Date Shares Outstanding	634.2	634.2	634.2	634.2	634.2
Total Common Shares Outstanding	634.2	634.2	634.2	634.2	634.2
Working Capital	475.29	220.43	304.48	-57.56	134.51
Book Value Per Share	1.95	1.84	2.11	1.85	2.35
Tangible Book Value	1,234	1,165	1,337	1,171	1,488
Tangible Book Value Per Share	1.95	1.84	2.11	1.85	2.35
Buildings	0.69	0.69	0.69	0.69	0.69
Machinery	2,019	2,066	2,049	1,988	1,889
Construction In Progress	20.79	20.47	31.75	26.96	47.69

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.