SHA:603165 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	93.43	32.41	1,597	1,196	818.6	295.17
Trading Asset Securities	2,778	2,797	1,145	661.52	-	647.42
Cash & Short-Term Investments	2,871	2,829	2,742	1,858	818.6	942.59
Cash Growth	6.37%	3.17%	47.59%	126.95%	-13.15%	12.96%
Accounts Receivable	611.02	729.95	759.73	546.15	582.72	437.79
Other Receivables	24.55	37.21	2.69	5.57	0.09	0.77
Receivables	635.57	767.15	762.42	551.72	582.81	438.56
Inventory	88.61	82.38	77.54	68.76	81.1	103.73
Other Current Assets	13.33	13.87	21.29	30.79	29.83	42.87
Total Current Assets	3,609	3,692	3,603	2,509	1,512	1,528
Property, Plant & Equipment	824.09	817.3	781.44	806.49	822.16	774.36
Long-Term Investments	149.62	154.12	184.93	184.62	186.4	178.1
Other Intangible Assets	136.48	137.56	129.35	107.1	109.98	74.98
Long-Term Deferred Tax Assets	-	-	-	6.95	4.03	20.92
Other Long-Term Assets	8.59	6.23	6.83	12.3	23.61	5.88
Total Assets	4,728	4,808	4,706	3,627	2,659	2,582
Accounts Payable	250.64	241.38	449.3	223.87	193.51	155.1
Accrued Expenses	21.24	91.21	65.19	59.65	70.8	82.11
Short-Term Debt	1,535	1,518	1,245	516.29	300.31	284.15
Current Portion of Long-Term Debt	3.5	4.36	0.85	0.43	-	0.72
Current Portion of Leases	-	0.84	0.67	0.28	0.13	0.12
Current Income Taxes Payable	23.72	0.38	0.03	-	1.24	1.67
Current Unearned Revenue	6.27	7.95	6.45	5.35	6.47	5.71
Other Current Liabilities	72.92	112.04	59.22	71.35	67.14	9.87
Total Current Liabilities	1,913	1,976	1,827	877.21	639.61	539.44
Long-Term Debt	85.06	632.9	517.87	488.14	-	144.69
Long-Term Leases	1.45	1.6	2.13	0.82	0.28	0.42
Long-Term Unearned Revenue	39.46	40.71	30.66	28	28.44	22.94
Long-Term Deferred Tax Liabilities	-	-	-	-	-	4.16
Total Liabilities	2,039	2,651	2,377	1,394	668.33	711.65
Common Stock	320.44	263.93	272.61	278.43	278.43	263.2
Additional Paid-In Capital	1,010	419.42	510.67	570.61	567.44	402.43
Retained Earnings	1,461	1,485	1,547	1,393	1,247	1,171
Treasury Stock	-104.92	-104.92	-104.92	-104.92	-104.92	-
Comprehensive Income & Other	2.12	93.62	103.69	95.33	2.47	33.5
Total Common Equity	2,689	2,157	2,329	2,232	1,990	1,870
Shareholders' Equity	2,689	2,157	2,329	2,232	1,990	1,870
Total Liabilities & Equity	4,728	4,808	4,706	3,627	2,659	2,582
Total Debt	1,625	2,157	1,766	1,006	300.73	430.1
Net Cash (Debt)	1,246	671.69	975.7	851.84	517.87	512.49
Net Cash Growth	30.52%	-31.16%	14.54%	64.49%	1.05%	-15.40%
Net Cash Per Share	4.66	2.46	3.41	3.15	1.94	1.91
Filing Date Shares Outstanding	261.49	256.21	264.9	270.71	270.71	263.2
Total Common Shares Outstanding	261.49	256.21	264.9	270.71	270.71	263.2
Working Capital	1,696	1,717	1,777	1,632	872.73	988.31
Book Value Per Share	10.28	8.42	8.79	8.25	7.35	7.11
Tangible Book Value	2,552	2,019	2,199	2,125	1,880	1,795
Tangible Book Value Per Share	9.76	7.88	8.30	7.85	6.95	6.82
Buildings	-	530.84	492.8	459.28	367.35	353.54
Machinery	-	880.5	859	853.96	815.55	744.78
Construction In Progress	-	85.24	29.82	3.95	84.43	48.33

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