SHA:603173 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	1,884	1,623	1,521	1,367	391.9	224.74
Trading Asset Securities	210.97	261.43	50.11	-	-	-
Cash & Short-Term Investments	2,095	1,884	1,571	1,367	391.9	224.74
Cash Growth	39.28%	19.98%	14.93%	248.71%	74.38%	10.28%
Accounts Receivable	1,392	1,167	1,443	1,408	1,279	837.3
Other Receivables	12.05	25.38	15.54	39.81	14.23	12.8
Receivables	1,405	1,192	1,458	1,448	1,294	850.11
Inventory	1,095	1,206	1,026	645.44	544.46	490.15
Prepaid Expenses	-	-	-	-	-	0.6
Other Current Assets	720.23	585.66	595.62	451.17	292.55	153.78
Total Current Assets	5,315	4,868	4,651	3,911	2,522	1,719
Property, Plant & Equipment	506.32	512.5	473.8	295.19	225.4	143.4
Long-Term Investments	7.1	7.12	6.6	4.13	3.91	4.7
Other Intangible Assets	100.77	92.66	93.95	96.38	68.12	67.47
Long-Term Accounts Receivable	-	-	-	10.04	25.09	40.15
Long-Term Deferred Tax Assets	95.48	93.25	62.27	44.58	27.17	21.48
Long-Term Deferred Charges	-	-	-	-	5.1	4.36
Other Long-Term Assets	39.99	8.63	11.24	35.73	31.03	27.71
Total Assets	6,065	5,582	5,299	4,397	2,908	2,029
Accounts Payable	1,129	1,295	1,387	1,233	1,178	668.07
Accrued Expenses	32.08	59.17	105.91	78.12	69.1	74.82
Short-Term Debt	-	-	-	43.04	156.18	92.12
Current Portion of Long-Term Debt	-	-	-	20.02	0.02	-
Current Portion of Leases	-	-	0.16	0.46	0.39	-
Current Income Taxes Payable	60.81	73.06	28.64	23.79	1.44	7.99
Current Unearned Revenue	2,513	1,982	1,975	1,397	748.24	615.86
Other Current Liabilities	126.45	86.67	162.83	141.68	91.03	58.33
Total Current Liabilities	3,862	3,495	3,660	2,938	2,244	1,517
Long-Term Debt	-	-	-	-	20	-
Long-Term Leases	-	-	-	0.03	0.38	-
Long-Term Unearned Revenue	19.67	17.7	2.22	2.44	0.18	0.19
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.66
Other Long-Term Liabilities	90.71	93.07	10.28	3.4	20.55	11.55
Total Liabilities	3,972	3,606	3,672	2,944	2,285	1,530
Common Stock	160	160	160	160	120	120
Additional Paid-In Capital	842.5	842.14	840.71	839.27	218.94	217.5
Retained Earnings	1,089	996.8	654.66	452.7	283.95	161.21
Treasury Stock	-29.98	-29.98	-29.98	-	-	-
Comprehensive Income & Other	15.76	7.13	1.32	1.59	0.14	0.33
Shareholders' Equity	2,092	1,976	1,627	1,454	623.03	499.03
Total Liabilities & Equity	6,065	5,582	5,299	4,397	2,908	2,029
Total Debt	-	-	0.16	63.55	176.98	92.12
Net Cash (Debt)	2,095	1,884	1,571	1,303	214.92	132.62
Net Cash Growth	39.29%	19.99%	20.53%	506.29%	62.06%	-9.68%
Net Cash Per Share	13.21	11.90	9.80	8.32	1.79	1.10
Filing Date Shares Outstanding	159.43	159.09	158.42	160	120	120
Total Common Shares Outstanding	159.43	159.09	158.42	160	120	120
Working Capital	1,453	1,373	991.34	973.39	278.31	202.19
Book Value Per Share	13.03	12.42	10.27	9.08	5.19	4.16
Tangible Book Value	1,977	1,883	1,533	1,357	554.91	431.57
Tangible Book Value Per Share	12.40	11.84	9.68	8.48	4.62	3.60
Buildings	-	-	397.23	242.77	233.15	167.11
Machinery	-	-	203.04	103.07	93.63	76.29
Construction In Progress	-	-	38.63	80.96	6.02	9.63

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