SHA:603125 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	482.44	1,027	1,167	721.38	212.86	119.08
Short-Term Investments	-	48.53	-	304.34	-	-
Trading Asset Securities	510.96	-	126.56	402.38	-	-
Cash & Short-Term Investments	993.4	1,076	1,293	1,428	212.86	119.08
Cash Growth	-17.08%	-16.83%	-9.45%	570.92%	78.76%	56.29%
Accounts Receivable	522.15	467.48	414.33	399.54	390.04	310.12
Other Receivables	0.93	0.95	0.42	0.43	0.48	0.71
Receivables	523.08	468.42	414.74	399.97	390.53	310.83
Inventory	128.4	159.38	119.74	106.95	99.18	99.59
Other Current Assets	81.24	16.8	6.55	3.25	13.09	19.01
Total Current Assets	1,726	1,720	1,834	1,938	715.65	548.51
Property, Plant & Equipment	759.68	667.9	557.22	203.59	173.73	170.26
Long-Term Investments	10.89	10.89	10.63	10.42	10.32	10.17
Other Intangible Assets	129.13	129.92	66.99	68.81	69.52	71.05
Long-Term Deferred Tax Assets	4.65	4.14	3.39	3.31	3.02	2.29
Long-Term Deferred Charges	-	-	-	0.6	1.12	-
Other Long-Term Assets	70.87	82.63	83.5	73.25	0.31	0.26
Total Assets	2,701	2,616	2,556	2,298	973.67	802.55
Accounts Payable	69.29	63.12	124.29	46.53	40.87	44.63
Accrued Expenses	3.51	18.45	16.17	16.17	15.75	10.14
Short-Term Debt	-	-	-	-	13.32	63.06
Current Portion of Long-Term Debt	0.63	0.63	0.32	-	-	-
Current Portion of Leases	-	-	0.13	0.13	-	-
Current Income Taxes Payable	17.25	3.28	12.06	6.24	4.81	9.53
Current Unearned Revenue	6.18	6.33	11.03	3.94	10.83	4.43
Other Current Liabilities	38.49	44.91	39.6	38.74	32.98	2.11
Total Current Liabilities	135.35	136.72	203.6	111.75	118.55	133.91
Long-Term Debt	2.53	2.53	3.16	-	-	-
Long-Term Unearned Revenue	8.36	7.99	8.2	8.76	9.22	9.68
Long-Term Deferred Tax Liabilities	25.57	20.8	8.54	9.22	9.08	2.33
Total Liabilities	171.81	168.04	223.5	129.74	136.85	145.92
Common Stock	404.84	404.84	279.2	192.55	144.41	144.41
Additional Paid-In Capital	1,191	1,191	1,315	1,400	314.87	313.5
Retained Earnings	925.49	844.18	727.93	567.98	372.73	195.08
Comprehensive Income & Other	8.52	7.88	10.27	7.66	4.8	3.64
Shareholders' Equity	2,530	2,448	2,332	2,169	836.82	656.63
Total Liabilities & Equity	2,701	2,616	2,556	2,298	973.67	802.55
Total Debt	3.16	3.16	3.61	0.13	13.32	63.06
Net Cash (Debt)	990.24	1,072	1,290	1,428	199.54	56.02
Net Cash Growth	-17.09%	-16.84%	-9.69%	615.63%	256.22%	83.17%
Net Cash Per Share	2.42	2.64	3.16	3.85	0.66	0.18
Filing Date Shares Outstanding	406.51	404.84	404.84	404.84	303.62	303.62
Total Common Shares Outstanding	406.51	404.84	404.84	404.84	303.62	303.62
Working Capital	1,591	1,583	1,631	1,827	597.1	414.6
Book Value Per Share	6.22	6.05	5.76	5.36	2.76	2.16
Tangible Book Value	2,400	2,318	2,265	2,100	767.3	585.58
Tangible Book Value Per Share	5.90	5.72	5.60	5.19	2.53	1.93
Buildings	-	117.2	46.1	46.42	46.28	38.13
Machinery	-	682.86	266.54	274.67	269.29	189.45
Construction In Progress	-	93.28	422.59	51.31	2.9	69.33

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.