SHA:603170 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	475.54	623.65	587.99	491.38	403.94	100.04
Trading Asset Securities	220.76	-	8.52	14.79	-	-
Cash & Short-Term Investments	696.3	623.65	596.51	506.17	403.94	100.04
Cash Growth	21.29%	4.55%	17.85%	25.31%	303.76%	52.03%
Accounts Receivable	305.94	323.99	339.65	295.02	256.49	213
Other Receivables	4.97	5.06	22.69	3.75	4.59	1.79
Receivables	310.91	329.05	362.34	298.76	261.09	214.78
Inventory	365.99	358.07	267.01	266.76	219.96	183.73
Prepaid Expenses	-	2.93	0.36	0.36	2.54	0.65
Other Current Assets	111.7	99.57	84.08	89.87	47.23	36.66
Total Current Assets	1,485	1,413	1,310	1,162	934.76	535.86
Property, Plant & Equipment	676.92	690.61	681.91	579.25	459.15	447.06
Goodwill	30.61	30.61	30.61	30.61	30.61	30.61
Other Intangible Assets	121.4	121.78	85.94	89.22	76.07	79.37
Long-Term Deferred Tax Assets	18.08	19.55	19.82	19.4	17.16	15.82
Long-Term Deferred Charges	7.17	7.71	9.06	9.6	3.78	4.24
Other Long-Term Assets	-	2.52	2.99	10.2	9.96	3.03
Total Assets	2,339	2,286	2,141	1,900	1,531	1,116
Accounts Payable	135.12	178.22	191.68	149.36	148.31	122.8
Accrued Expenses	23.05	77	78.69	86.6	78.62	68.42
Short-Term Debt	235	190	150	-	-	87.12
Current Portion of Long-Term Debt	-	-	-	-	32.04	-
Current Portion of Leases	8.42	7.68	10.55	8.06	2.74	2.82
Current Income Taxes Payable	68.76	36.08	38.01	43.24	44.67	32.78
Current Unearned Revenue	18.13	21.05	22.52	19.85	26.19	12.41
Other Current Liabilities	24.16	17.78	16.93	10.01	11.5	14.31
Total Current Liabilities	512.64	527.81	508.38	317.12	344.06	340.65
Long-Term Debt	-	-	-	-	1	53.09
Long-Term Leases	42.88	42.88	49.07	55.61	11.5	12.61
Long-Term Unearned Revenue	24.8	25.21	24.41	25.89	27.09	28.19
Long-Term Deferred Tax Liabilities	1.84	1.96	2.42	2.89	3.36	3.83
Total Liabilities	582.16	597.86	584.28	401.51	387.01	438.38
Common Stock	400.01	400.01	400.01	400.01	400.01	360
Additional Paid-In Capital	306.31	306.31	306.31	306.31	282.91	38.36
Retained Earnings	841.5	775.92	669.32	646.09	445.06	254.1
Total Common Equity	1,548	1,482	1,376	1,352	1,128	652.46
Minority Interest	209.09	205.94	180.72	146.29	16.49	25.14
Shareholders' Equity	1,757	1,688	1,556	1,499	1,144	677.6
Total Liabilities & Equity	2,339	2,286	2,141	1,900	1,531	1,116
Total Debt	286.3	240.56	209.62	63.67	47.28	155.64
Net Cash (Debt)	410	383.09	386.89	442.5	356.66	-55.59
Net Cash Growth	-1.08%	-0.98%	-12.57%	24.07%	-	-
Net Cash Per Share	1.02	0.96	0.96	1.10	0.94	-0.16
Filing Date Shares Outstanding	400.01	400.01	400.01	400.01	400.01	360
Total Common Shares Outstanding	400.01	400.01	400.01	400.01	400.01	360
Working Capital	972.26	885.46	801.93	844.81	590.69	195.21
Book Value Per Share	3.87	3.71	3.44	3.38	2.82	1.81
Tangible Book Value	1,396	1,330	1,259	1,233	1,021	542.49
Tangible Book Value Per Share	3.49	3.32	3.15	3.08	2.55	1.51
Buildings	-	445.33	377.26	254.8	271.36	243.26
Machinery	-	412.74	308.2	276.37	234.37	191.91
Construction In Progress	-	51.45	149.04	158.59	95.56	116.37