SHA:603103 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	1,284	1,235	855.9	904.1	557.91	421.21
Trading Asset Securities	-	-	-	-	80	290
Cash & Short-Term Investments	1,284	1,235	855.9	904.1	637.91	711.21
Cash Growth	3.14%	44.24%	-5.33%	41.73%	-10.31%	-34.25%
Accounts Receivable	128.56	55.76	83.09	94.56	80.43	116.19
Other Receivables	110.34	153.44	155.02	148.31	159.51	253.2
Receivables	238.91	209.2	238.1	242.87	239.94	369.38
Inventory	89.51	86.43	91.39	73.09	105.09	206.24
Other Current Assets	143.51	127.27	259.34	335.82	255.69	211.62
Total Current Assets	1,756	1,657	1,445	1,556	1,239	1,498
Property, Plant & Equipment	1,308	1,392	1,821	2,094	2,348	2,985
Long-Term Investments	103.93	104.7	104.83	84.14	118.85	65.6
Other Intangible Assets	4.2	4.35	2.67	2.76	2.94	3.47
Long-Term Deferred Tax Assets	168.86	171.18	170.91	177.87	181.63	180.07
Long-Term Deferred Charges	399.1	404.68	489.4	523.76	574.69	579.85
Other Long-Term Assets	11.43	14.46	17.33	26.52	55.62	141.97
Total Assets	3,751	3,749	4,051	4,465	4,520	5,454
Accounts Payable	277.71	95.9	118.07	126.1	135.24	84.46
Accrued Expenses	37.67	118.36	117.7	145.36	133.39	153.64
Current Portion of Long-Term Debt	233.67	-	-	-	-	-
Current Portion of Leases	-	246.77	281.7	288.6	309.16	351.65
Current Income Taxes Payable	6.99	0.15	0.83	1.52	0.01	16.84
Current Unearned Revenue	606.43	612.42	569.68	525.11	551.86	608.85
Other Current Liabilities	33.52	108.55	136.34	164.71	166.53	148.51
Total Current Liabilities	1,196	1,182	1,224	1,251	1,296	1,364
Long-Term Leases	1,179	1,228	1,539	1,716	1,866	2,408
Long-Term Unearned Revenue	97.14	100.25	120.03	155.3	178.69	189.39
Long-Term Deferred Tax Liabilities	0.63	0.27	0.39	2.06	0.62	1.84
Other Long-Term Liabilities	-	-	-	-	4.37	-
Total Liabilities	2,473	2,511	2,883	3,125	3,346	3,963
Common Stock	634.2	634.2	634.2	634.2	634.2	634.2
Additional Paid-In Capital	568.56	568.56	568.56	568.56	568.56	568.56
Retained Earnings	75.47	35.34	-35.08	137.4	-28.45	288.98
Total Common Equity	1,278	1,238	1,168	1,340	1,174	1,492
Shareholders' Equity	1,278	1,238	1,168	1,340	1,174	1,492
Total Liabilities & Equity	3,751	3,749	4,051	4,465	4,520	5,454
Total Debt	1,413	1,475	1,820	2,005	2,175	2,759
Net Cash (Debt)	-128.99	-240.31	-964.53	-1,100	-1,537	-2,048
Net Cash Per Share	-0.20	-0.38	-1.50	-1.73	-2.42	-3.00
Filing Date Shares Outstanding	668.71	634.2	634.2	634.2	634.2	634.2
Total Common Shares Outstanding	668.71	634.2	634.2	634.2	634.2	634.2
Working Capital	559.62	475.29	220.43	304.48	-57.56	134.51
Book Value Per Share	1.91	1.95	1.84	2.11	1.85	2.35
Tangible Book Value	1,274	1,234	1,165	1,337	1,171	1,488
Tangible Book Value Per Share	1.91	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

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