SHA:603126 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	995.85	1,293	1,036	1,242	1,042	913.33
Trading Asset Securities	-	-	-	-	29.94	35.78
Cash & Short-Term Investments	995.85	1,293	1,036	1,242	1,072	949.11
Cash Growth	10.71%	24.77%	-16.58%	15.88%	12.94%	-18.33%
Accounts Receivable	3,640	3,083	1,940	2,180	1,816	1,266
Other Receivables	30.59	41.76	39.35	42.88	27.14	27.1
Receivables	3,671	3,124	1,979	2,223	1,843	1,293
Inventory	284.71	332.15	276.55	280.31	430.16	772.73
Prepaid Expenses	-	15.88	16	12.13	9.68	-
Other Current Assets	420.86	340.74	318.1	178.26	178.36	201.86
Total Current Assets	5,372	5,106	3,626	3,936	3,534	3,217
Property, Plant & Equipment	1,126	1,133	1,166	1,161	1,119	830.29
Long-Term Investments	70.32	70.32	45.53	64.12	56.64	59.94
Goodwill	-	-	1.26	1.26	1.26	1.26
Other Intangible Assets	208.04	210.33	178.17	179.12	165.12	152.95
Long-Term Accounts Receivable	-	25.75	31.5	-	-	-
Long-Term Deferred Tax Assets	66.27	66.36	63.26	62.42	53.03	47.16
Long-Term Deferred Charges	13.18	9.34	1	0.77	1.08	0.97
Other Long-Term Assets	53.17	28.77	20.07	27.93	49.31	116.86
Total Assets	6,910	6,650	5,133	5,433	4,979	4,426
Accounts Payable	2,592	2,442	1,409	1,758	1,533	1,146
Accrued Expenses	6.7	20.87	17.07	8.5	81.05	18.75
Short-Term Debt	469.56	433.8	48.49	34.51	40	50
Current Portion of Long-Term Debt	95.94	110.07	184.48	28.77	17.77	52
Current Income Taxes Payable	12.33	6.65	3.85	60.99	18.92	23.03
Current Unearned Revenue	495.77	445.17	429.68	314.65	311.13	522.39
Other Current Liabilities	214.57	262.62	306.7	301.7	256.22	217.44
Total Current Liabilities	3,887	3,721	2,399	2,507	2,258	2,030
Long-Term Debt	515.85	428.49	249.53	349.26	232.48	63.5
Long-Term Unearned Revenue	14.18	14.34	15.01	14.46	25	36.07
Long-Term Deferred Tax Liabilities	15.29	15.31	4.3	7.12	8.78	9.55
Other Long-Term Liabilities	14.94	15.48	16.24	16.25	14.9	20.13
Total Liabilities	4,447	4,195	2,684	2,895	2,539	2,159
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	1,407	1,396	1,386	1,429	1,340	1,235
Comprehensive Income & Other	-23.88	-18.46	-12.19	5.44	21.58	16.85
Total Common Equity	2,052	2,046	2,042	2,106	2,033	1,920
Minority Interest	411.19	408.57	406.32	432.05	406.67	347.16
Shareholders' Equity	2,463	2,455	2,448	2,538	2,440	2,267
Total Liabilities & Equity	6,910	6,650	5,133	5,433	4,979	4,426
Total Debt	1,081	972.37	482.51	412.54	290.25	165.5
Net Cash (Debt)	-85.5	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	-0.14	0.53	0.91	1.36	1.28	1.28
Filing Date Shares Outstanding	610.75	610.5	610.5	610.5	610.5	610.5
Total Common Shares Outstanding	610.75	610.5	610.5	610.5	610.5	610.5
Working Capital	1,486	1,385	1,227	1,428	1,275	1,187
Book Value Per Share	3.36	3.35	3.34	3.45	3.33	3.15
Tangible Book Value	1,844	1,836	1,863	1,926	1,867	1,766
Tangible Book Value Per Share	3.02	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

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