SHA:603111 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	954.18	1,307	1,141	1,068	1,333	1,478
Short-Term Investments	-	30.15	-	-	-	-
Trading Asset Securities	1,211	1,196	992.15	995.1	766.35	899.21
Cash & Short-Term Investments	2,165	2,533	2,133	2,063	2,100	2,377
Cash Growth	17.66%	18.78%	3.38%	-1.74%	-11.67%	13.84%
Accounts Receivable	3,381	3,292	3,324	2,966	2,626	2,193
Other Receivables	32.34	25.12	21.81	20.76	25.53	25.46
Receivables	3,414	3,317	3,346	2,987	2,651	2,219
Inventory	1,034	1,059	703.97	596.23	583.62	562.71
Other Current Assets	105.76	60.95	31.62	29.57	44.94	31.53
Total Current Assets	6,718	6,970	6,215	5,676	5,380	5,190
Property, Plant & Equipment	494.39	506.82	484.89	452.55	466.33	504.52
Long-Term Investments	5.74	5.82	5.65	5.95	9.75	3.65
Other Intangible Assets	67.57	70.37	72.3	69.11	66.18	72.85
Long-Term Deferred Tax Assets	77.41	78.54	60.09	46.46	35.82	26.03
Long-Term Deferred Charges	26.73	74.32	68.35	58.22	36.38	40.16
Other Long-Term Assets	83.79	12.64	13.21	-	-	-
Total Assets	7,473	7,718	6,919	6,308	5,994	5,837
Accounts Payable	1,685	1,815	1,647	1,330	1,486	1,435
Accrued Expenses	221.08	383.06	395.48	345.41	273.65	279.98
Short-Term Debt	151.92	157.59	162.34	147.13	140.14	356.01
Current Portion of Leases	-	8.96	10.61	8.93	6.16	11.26
Current Income Taxes Payable	10.22	16.21	17.15	15.89	13.43	15.05
Current Unearned Revenue	409.61	448.26	214.29	148.18	86.37	60
Other Current Liabilities	634.44	586.05	151.17	98.98	106.82	128.9
Total Current Liabilities	3,112	3,415	2,598	2,094	2,113	2,286
Long-Term Leases	29.06	35.24	8.06	8.7	5.24	9.28
Long-Term Unearned Revenue	16.42	17.08	19.26	17.17	22.85	26.77
Long-Term Deferred Tax Liabilities	0.07	0.07	1.18	6.86	4.95	2.6
Other Long-Term Liabilities	32.61	33.76	229.82	162.15	117.82	82.8
Total Liabilities	3,205	3,501	2,856	2,289	2,264	2,407
Common Stock	862.03	862.03	907.01	923.47	993.28	993.28
Additional Paid-In Capital	1,551	1,551	2,174	2,402	3,372	3,371
Retained Earnings	1,801	1,745	1,515	554.39	-757.4	-1,026
Treasury Stock	-100.34	-100.34	-678.99	-	-	-
Comprehensive Income & Other	0.71	0.85	0.32	0.22	0.03	-0.18
Total Common Equity	4,114	4,058	3,917	3,880	3,608	3,339
Minority Interest	154.88	158.91	145.91	139.08	122.27	91.42
Shareholders' Equity	4,269	4,217	4,063	4,019	3,730	3,430
Total Liabilities & Equity	7,473	7,718	6,919	6,308	5,994	5,837
Total Debt	195.08	201.79	181.01	164.76	151.54	376.55
Net Cash (Debt)	1,970	2,332	1,952	1,898	1,948	2,001
Net Cash Growth	20.71%	19.45%	2.82%	-2.56%	-2.61%	21.36%
Net Cash Per Share	2.33	2.72	2.17	1.91	1.96	2.00
Filing Date Shares Outstanding	843.41	843.41	888.39	923.47	993.28	993.28
Total Common Shares Outstanding	843.41	843.41	888.39	923.47	993.28	993.28
Working Capital	3,605	3,555	3,617	3,582	3,267	2,904
Book Value Per Share	4.88	4.81	4.41	4.20	3.63	3.36
Tangible Book Value	4,046	3,988	3,845	3,811	3,542	3,266
Tangible Book Value Per Share	4.80	4.73	4.33	4.13	3.57	3.29
Buildings	-	436.62	418.69	389.21	388.62	386.48
Machinery	-	639.17	562.44	539.51	508.85	499.95
Construction In Progress	-	9.67	58.63	34.3	30.28	20.18
Order Backlog	-	8,209	-	-	-	-

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