SHA:603124 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	987.58	1,115	711.83	284.67	192.71	220.64
Trading Asset Securities	-	10.04	-	-	31.27	22.09
Cash & Short-Term Investments	987.58	1,125	711.83	284.67	223.98	242.73
Cash Growth	-0.35%	58.06%	150.05%	27.10%	-7.72%	74.16%
Accounts Receivable	2,271	2,061	1,647	1,324	1,029	979.15
Other Receivables	28.05	17.55	0.64	0.2	0.17	0.27
Receivables	2,299	2,079	1,648	1,324	1,029	979.42
Inventory	721.19	735.86	549.79	450.49	342.26	318.32
Other Current Assets	199.1	132.63	99.87	37.96	29.72	70.2
Total Current Assets	4,207	4,072	3,009	2,097	1,625	1,611
Property, Plant & Equipment	345.41	301.38	274.08	200.86	152.31	122.44
Other Intangible Assets	69.93	31.86	31.73	32.5	33.12	33.91
Long-Term Deferred Tax Assets	9.8	13.77	9.31	4.7	9.95	7.34
Long-Term Deferred Charges	29.21	31.33	13.24	7.2	4.83	4.61
Other Long-Term Assets	28.06	69.88	5.86	2.34	3.68	3.23
Total Assets	4,690	4,521	3,343	2,345	1,829	1,782
Accounts Payable	1,076	1,305	858.95	426.05	271.03	290.43
Accrued Expenses	7.04	7.56	25.5	23.74	4.93	7.81
Short-Term Debt	1,178	975.42	799.43	527.6	400.01	376.7
Current Portion of Long-Term Debt	139.03	66.53	24.07	50.56	-	-
Current Portion of Leases	-	-	8.07	3.65	-	-
Current Income Taxes Payable	61.15	49.9	22.1	18.49	25.82	45.24
Current Unearned Revenue	20.93	22.73	7.84	2.01	1.8	2.47
Other Current Liabilities	95.94	93.71	110.98	71.92	36.9	101.88
Total Current Liabilities	2,578	2,520	1,857	1,124	740.5	824.53
Long-Term Debt	110.93	76.4	63.54	8.98	30.1	8.03
Long-Term Leases	22.14	21.93	30.37	11.47	0.76	1.53
Long-Term Unearned Revenue	21.3	22.08	20.87	11.96	12.79	14.57
Long-Term Deferred Tax Liabilities	20.68	20.62	16.92	10.96	13.06	10.51
Other Long-Term Liabilities	8.15	8.15	-	-	-	-
Total Liabilities	2,761	2,670	1,989	1,167	797.21	859.18
Common Stock	145.75	145.75	109.31	109.31	109.31	109.31
Additional Paid-In Capital	839.58	839.58	544.94	543.83	539.77	536.53
Retained Earnings	943.76	865.6	700.41	524.1	382.34	277.19
Comprehensive Income & Other	-0.86	0.04	-	-	-	-
Shareholders' Equity	1,928	1,851	1,355	1,177	1,031	923.03
Total Liabilities & Equity	4,690	4,521	3,343	2,345	1,829	1,782
Total Debt	1,450	1,140	925.49	602.26	430.88	386.26
Net Cash (Debt)	-462.74	-15.15	-213.66	-317.59	-206.89	-143.53
Net Cash Per Share	-3.18	-0.11	-1.95	-2.91	-1.89	-1.35
Filing Date Shares Outstanding	144.74	148.01	109.31	109.31	109.52	106.28
Total Common Shares Outstanding	144.74	148.01	109.31	109.31	109.52	106.28
Working Capital	1,629	1,552	1,152	973	884.24	786.14
Book Value Per Share	13.32	12.51	12.39	10.77	9.42	8.68
Tangible Book Value	1,858	1,819	1,323	1,145	998.29	889.12
Tangible Book Value Per Share	12.84	12.29	12.10	10.47	9.11	8.37
Buildings	-	-	83.15	83.15	-	-
Machinery	-	-	221.87	155.73	-	-
Construction In Progress	-	-	44.98	35.38	-	-

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