SHA:603115 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	637.23	620.28	577.62	547.92	681.45	510
Trading Asset Securities	45.04	89.45	-	221.07	220.33	550.13
Cash & Short-Term Investments	682.27	709.73	577.62	769	901.78	1,060
Cash Growth	26.68%	22.87%	-24.89%	-14.72%	-14.94%	133.81%
Accounts Receivable	1,013	892.87	817.86	646.75	636.16	583.79
Other Receivables	5.37	2.14	2.54	4.28	2.24	0.44
Receivables	1,019	895.01	820.4	651.03	638.4	584.23
Inventory	355.52	358.17	282.79	205.85	220.45	141.67
Other Current Assets	54.76	57.07	34.39	16.27	16.1	6.31
Total Current Assets	2,111	2,020	1,715	1,642	1,777	1,792
Property, Plant & Equipment	1,087	1,072	798.95	676.98	581.83	482.26
Other Intangible Assets	86.22	86.88	78.47	63.85	37.29	36.15
Long-Term Deferred Tax Assets	3.29	6.99	4.82	3.23	3.87	8.82
Long-Term Deferred Charges	7.84	5.88	2.17	6.55	9.64	4.96
Other Long-Term Assets	9.59	5.6	20.74	1.78	10.39	19.12
Total Assets	3,305	3,198	2,620	2,395	2,420	2,344
Accounts Payable	539.25	442.07	380.46	259.57	275.97	230.49
Accrued Expenses	27.68	59.13	54.48	35.34	39.41	37.67
Short-Term Debt	110	110.01	-	-	-	20.02
Current Income Taxes Payable	9.14	9.57	6.91	8.85	0.17	11.6
Current Unearned Revenue	0.82	1.79	1.21	0.6	0.93	1.81
Other Current Liabilities	2.92	117.12	95.62	52.12	27.47	19.83
Total Current Liabilities	689.82	739.7	538.68	356.48	343.96	321.42
Long-Term Debt	377.4	268.6	-	-	-	-
Long-Term Unearned Revenue	63.25	54.52	36.43	41.43	41.81	32.78
Long-Term Deferred Tax Liabilities	9.56	11.43	8.55	7.49	3.87	-
Total Liabilities	1,140	1,074	583.67	405.4	389.63	354.21
Common Stock	241.89	241.89	239.2	239.2	239.2	239.2
Additional Paid-In Capital	1,139	1,133	1,107	1,103	1,103	1,103
Retained Earnings	784.51	744.85	682.14	640.83	683.45	635.13
Comprehensive Income & Other	-0.8	3.27	8.1	5.7	4.06	-1.02
Total Common Equity	2,165	2,123	2,037	1,989	2,030	1,976
Minority Interest	-	-	-	-	-	13.25
Shareholders' Equity	2,165	2,123	2,037	1,989	2,030	1,989
Total Liabilities & Equity	3,305	3,198	2,620	2,395	2,420	2,344
Total Debt	487.4	378.61	-	-	-	20.02
Net Cash (Debt)	194.86	331.12	577.62	769	901.78	1,040
Net Cash Growth	-62.06%	-42.68%	-24.89%	-14.72%	-13.30%	145.68%
Net Cash Per Share	0.80	1.35	2.41	3.20	3.76	4.94
Filing Date Shares Outstanding	241.89	241.89	239.2	239.2	239.2	239.2
Total Common Shares Outstanding	241.89	241.89	239.2	239.2	239.2	239.2
Working Capital	1,421	1,280	1,177	1,286	1,433	1,471
Book Value Per Share	8.95	8.78	8.51	8.32	8.49	8.26
Tangible Book Value	2,079	2,036	1,958	1,925	1,993	1,940
Tangible Book Value Per Share	8.59	8.42	8.19	8.05	8.33	8.11
Buildings	-	327.59	284.27	183.18	178.21	174.28
Machinery	-	1,367	1,082	965.25	938.19	775.51
Construction In Progress	-	102.99	112.99	138.36	11.29	26.11

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