SHA:603178 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	192.14	188.33	158.92	149.17	194.13	221.32
Short-Term Investments	-	-	-	104.17	-	-
Trading Asset Securities	-	-	70	60	80	50
Cash & Short-Term Investments	192.14	188.33	228.92	313.34	274.13	271.32
Cash Growth	11.71%	-17.73%	-26.94%	14.30%	1.03%	199.83%
Accounts Receivable	393.88	449.33	509.76	395.15	384.02	442.53
Other Receivables	15.64	0.98	1.31	1.57	0.98	0.66
Receivables	409.52	450.31	511.07	396.72	385	443.19
Inventory	235.7	222.71	273.9	217.9	224.42	200.51
Other Current Assets	63.38	12.62	26.23	56.25	23.79	12.54
Total Current Assets	900.74	873.97	1,040	984.21	907.35	927.57
Property, Plant & Equipment	768.39	787.47	879.69	843.4	842.41	853.44
Long-Term Investments	300.89	366.93	288.45	165.63	158.52	127.79
Other Intangible Assets	98.28	99.25	99.03	102.98	107.32	114.34
Long-Term Deferred Tax Assets	-1.63	0.03	5.31	9.42	12.77	3.28
Long-Term Deferred Charges	33.68	36.56	45.04	43.14	43.08	39.94
Other Long-Term Assets	4	4	1.54	-	0.88	2.22
Total Assets	2,104	2,168	2,359	2,149	2,072	2,069
Accounts Payable	567.7	648.61	638.92	515.37	515.97	530.03
Accrued Expenses	18.44	30.88	30.78	30.13	37.77	39.75
Short-Term Debt	187.11	212.2	152.04	198.14	164.94	179.12
Current Portion of Long-Term Debt	6.94	0.04	60.1	2.89	0.34	1.72
Current Portion of Leases	-	3.38	3.21	2.6	2.28	0.3
Current Income Taxes Payable	6.06	-	-	-	-	-
Current Unearned Revenue	1.48	0.99	2.88	0.78	0.33	0.7
Other Current Liabilities	16.62	15.21	17.19	12.79	1.19	3.12
Total Current Liabilities	804.36	911.31	905.12	762.7	722.81	754.74
Long-Term Debt	86.15	39.95	88.02	26.03	9.82	21.14
Long-Term Leases	4.99	5.8	9.33	2.71	4.84	5.61
Long-Term Unearned Revenue	56.37	57.73	54.65	61.58	61.93	67.76
Long-Term Deferred Tax Liabilities	7.81	12.19	3.95	11.3	14.94	18.95
Other Long-Term Liabilities	-	-	1.08	-	-	2.05
Total Liabilities	959.67	1,027	1,062	864.32	814.33	870.26
Common Stock	236.41	236.41	236.41	236.41	236.41	236.41
Additional Paid-In Capital	724.48	724.48	724.48	724.48	722.83	722.83
Retained Earnings	131.14	112.26	333.12	319.88	294.89	237.65
Comprehensive Income & Other	52.65	68.1	3.02	3.69	3.87	1.43
Total Common Equity	1,145	1,141	1,297	1,284	1,258	1,198
Shareholders' Equity	1,145	1,141	1,297	1,284	1,258	1,198
Total Liabilities & Equity	2,104	2,168	2,359	2,149	2,072	2,069
Total Debt	285.2	261.37	312.71	232.37	182.22	207.9
Net Cash (Debt)	-93.06	-73.03	-83.79	80.97	91.91	63.42
Net Cash Growth	-	-	-	-11.90%	44.92%	-
Net Cash Per Share	-0.39	-0.31	-0.37	0.35	0.39	0.31
Filing Date Shares Outstanding	236.41	236.41	236.41	236.41	236.41	236.41
Total Common Shares Outstanding	236.41	236.41	236.41	236.41	236.41	236.41
Working Capital	96.38	-37.34	134.99	221.51	184.54	172.83
Book Value Per Share	4.84	4.83	5.49	5.43	5.32	5.07
Tangible Book Value	1,046	1,042	1,198	1,181	1,151	1,084
Tangible Book Value Per Share	4.43	4.41	5.07	5.00	4.87	4.59
Land	-	2.08	2.13	2.1	0.8	0.65
Buildings	-	337.05	319.46	288.16	243.81	232.71
Machinery	-	1,059	1,055	1,057	1,049	1,041
Construction In Progress	-	139.92	196.55	158.02	157.45	93.42