SHA:603107 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	672.34	731.43	899.11	1,118	218.33	159.58
Trading Asset Securities	8	10	-	0	-	-
Cash & Short-Term Investments	680.34	741.43	899.11	1,118	218.33	159.58
Cash Growth	-11.23%	-17.54%	-19.58%	412.06%	36.81%	-21.90%
Accounts Receivable	689.32	724.07	681.52	617.23	527.08	474.22
Other Receivables	2.2	1.98	3.34	14.94	1.83	2.35
Receivables	691.52	726.05	684.86	632.17	528.91	476.57
Inventory	426.63	415.5	326.96	288.84	236.82	204.2
Other Current Assets	113.78	99.61	82.34	61.81	25.15	16.48
Total Current Assets	1,912	1,983	1,993	2,101	1,009	856.83
Property, Plant & Equipment	653.08	647.92	637.97	576.96	428.53	317.18
Long-Term Investments	104.38	101.88	97.76	89.93	98.97	103.18
Other Intangible Assets	36.82	37.43	36.86	38.19	37.8	39.41
Long-Term Deferred Tax Assets	22.63	23.13	13.9	10.84	7.64	7.41
Long-Term Deferred Charges	8.54	8.04	6.65	6.41	5.77	6.27
Other Long-Term Assets	3.39	12.94	5.59	6.61	5.13	5.29
Total Assets	2,741	2,814	2,792	2,830	1,593	1,336
Accounts Payable	435.02	520.07	474.72	524.16	441.36	347.76
Accrued Expenses	49.07	100.39	61.69	62.33	51.42	54.3
Short-Term Debt	-	10	-	49.95	180.17	152.14
Current Portion of Long-Term Debt	10.95	-	19.11	-	-	-
Current Portion of Leases	-	11.73	11.79	10.64	7.29	13.33
Current Income Taxes Payable	23.18	3.06	8.07	6.34	3.73	2.37
Current Unearned Revenue	2.72	2.86	2.56	0.51	0.42	0.22
Other Current Liabilities	17.35	1.39	0.87	4.08	1.07	0.36
Total Current Liabilities	538.29	649.5	578.79	658.01	685.46	570.48
Long-Term Debt	-	-	93.84	132.98	79.74	-
Long-Term Leases	22.96	25.04	35.64	28.58	3.94	7.12
Long-Term Unearned Revenue	4.9	4.97	5.74	6.42	5.58	5.69
Long-Term Deferred Tax Liabilities	0.02	0.02	0.03	-	0.12	-
Total Liabilities	566.18	679.53	714.04	826	774.85	583.28
Common Stock	337.34	337.34	337.34	337.34	253	253
Additional Paid-In Capital	1,253	1,253	1,253	1,256	274.6	274.6
Retained Earnings	597.78	553.01	497.92	409.67	286.14	219.92
Comprehensive Income & Other	-7.97	-5.89	-10.18	0.21	0.07	-0.47
Total Common Equity	2,180	2,137	2,078	2,003	813.81	747.05
Minority Interest	-5.08	-2.93	-	0.88	4.39	5.24
Shareholders' Equity	2,175	2,134	2,078	2,004	818.21	752.29
Total Liabilities & Equity	2,741	2,814	2,792	2,830	1,593	1,336
Total Debt	33.91	46.76	160.38	222.16	271.14	172.59
Net Cash (Debt)	646.43	694.66	738.73	895.85	-52.81	-13.01
Net Cash Growth	-9.29%	-5.96%	-17.54%	-	-	-
Net Cash Per Share	1.88	2.04	2.18	3.33	-0.21	-0.05
Filing Date Shares Outstanding	344.4	337.34	337.34	337.34	253	250.76
Total Common Shares Outstanding	344.4	337.34	337.34	337.34	253	250.76
Working Capital	1,374	1,333	1,414	1,443	323.75	286.36
Book Value Per Share	6.33	6.34	6.16	5.94	3.22	2.98
Tangible Book Value	2,143	2,100	2,041	1,965	776.02	707.64
Tangible Book Value Per Share	6.22	6.22	6.05	5.82	3.07	2.82
Buildings	-	356.91	356.91	166.98	96.27	96.27
Machinery	-	589	484.49	449.28	385.41	362.18
Construction In Progress	-	29.15	49.94	189.47	180.14	59.53

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