SHA:603126 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	621.48	1,293	1,036	1,242	1,042	913.33
Trading Asset Securities	-	-	-	-	29.94	35.78
Cash & Short-Term Investments	621.48	1,293	1,036	1,242	1,072	949.11
Cash Growth	-37.26%	24.77%	-16.58%	15.88%	12.94%	-18.33%
Accounts Receivable	3,786	3,083	1,940	2,180	1,816	1,266
Other Receivables	70.38	41.76	39.35	42.88	27.14	27.1
Receivables	3,856	3,124	1,979	2,223	1,843	1,293
Inventory	354.29	332.15	276.55	280.31	430.16	772.73
Prepaid Expenses	-	15.88	16	12.13	9.68	-
Other Current Assets	340.56	340.74	318.1	178.26	178.36	201.86
Total Current Assets	5,172	5,106	3,626	3,936	3,534	3,217
Property, Plant & Equipment	1,140	1,133	1,166	1,161	1,119	830.29
Long-Term Investments	70.35	70.32	45.53	64.12	56.64	59.94
Goodwill	-	-	1.26	1.26	1.26	1.26
Other Intangible Assets	218	210.33	178.17	179.12	165.12	152.95
Long-Term Accounts Receivable	-	25.75	31.5	-	-	-
Long-Term Deferred Tax Assets	69.32	66.36	63.26	62.42	53.03	47.16
Long-Term Deferred Charges	16.7	9.34	1	0.77	1.08	0.97
Other Long-Term Assets	50.8	28.77	20.07	27.93	49.31	116.86
Total Assets	6,737	6,650	5,133	5,433	4,979	4,426

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	2,299	2,442	1,409	1,758	1,533	1,146
Accrued Expenses	6.89	20.87	17.07	8.5	81.05	18.75
Short-Term Debt	130.15	433.8	48.49	34.51	40	50
Current Portion of Long-Term Debt	97.94	110.07	184.48	28.77	17.77	52
Current Income Taxes Payable	8.63	6.65	3.85	60.99	18.92	23.03
Current Unearned Revenue	407.21	445.17	429.68	314.65	311.13	522.39
Other Current Liabilities	224.59	262.62	306.7	301.7	256.22	217.44
Total Current Liabilities	3,175	3,721	2,399	2,507	2,258	2,030
Long-Term Debt	1,084	428.49	249.53	349.26	232.48	63.5
Long-Term Unearned Revenue	14.72	14.34	15.01	14.46	25	36.07
Long-Term Deferred Tax Liabilities	22.49	15.31	4.3	7.12	8.78	9.55
Other Long-Term Liabilities	12.8	15.48	16.24	16.25	14.9	20.13
Total Liabilities	4,309	4,195	2,684	2,895	2,539	2,159

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	610.5	610.5	610.5	610.5	610.5	610.5
Additional Paid-In Capital	58.21	58.21	58.21	61.64	61.19	57.53
Retained Earnings	1,392	1,396	1,386	1,429	1,340	1,235
Comprehensive Income & Other	-38.14	-18.46	-12.19	5.44	21.58	16.85
Total Common Equity	2,023	2,046	2,042	2,106	2,033	1,920
Minority Interest	405.69	408.57	406.32	432.05	406.67	347.16
Shareholders' Equity	2,429	2,455	2,448	2,538	2,440	2,267
Total Liabilities & Equity	6,737	6,650	5,133	5,433	4,979	4,426

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	1,312	972.37	482.51	412.54	290.25	165.5
Net Cash (Debt)	-690.53	320.52	553.71	829.6	781.66	783.61
Net Cash Growth	-	-42.11%	-33.26%	6.13%	-0.25%	-25.52%
Net Cash Per Share	-1.12	0.53	0.91	1.36	1.28	1.28
Filing Date Shares Outstanding	623.39	610.5	610.5	610.5	610.5	610.5
Total Common Shares Outstanding	623.39	610.5	610.5	610.5	610.5	610.5
Working Capital	1,998	1,385	1,227	1,428	1,275	1,187
Book Value Per Share	3.24	3.35	3.34	3.45	3.33	3.15
Tangible Book Value	1,805	1,836	1,863	1,926	1,867	1,766
Tangible Book Value Per Share	2.90	3.01	3.05	3.15	3.06	2.89
Buildings	-	864.31	821.26	769.34	580.39	537.46
Machinery	-	483.94	480.5	420.87	426.61	343.75
Construction In Progress	-	143.21	139.56	182.7	261.42	100.57