SHA:603186 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	464.98	456.14	467.55	512.43	549.19	448.26
Trading Asset Securities	-	-	-	0.72	2.61	0.62
Cash & Short-Term Investments	464.98	456.14	467.55	513.15	551.8	448.88
Cash Growth	-4.87%	-2.44%	-8.88%	-7.00%	22.93%	-21.53%
Accounts Receivable	2,489	2,264	1,915	1,698	1,707	1,725
Other Receivables	14.04	52.83	62.7	32.36	13.56	16.71
Receivables	2,503	2,317	1,978	1,730	1,720	1,742
Inventory	596.28	511.03	454.92	451.57	441.92	407.16
Prepaid Expenses	-	0.96	3.1	3.79	-	-
Other Current Assets	57	11.59	15.45	13.07	38.96	116.96
Total Current Assets	3,621	3,297	2,919	2,712	2,753	2,715
Property, Plant & Equipment	2,719	2,732	2,807	2,690	2,487	1,887
Long-Term Investments	10.32	10.32	10.32	10.32	-	-
Other Intangible Assets	185.9	187.58	245.53	240.57	264.8	205.69
Long-Term Deferred Tax Assets	78.8	74.15	95.06	84.57	85.17	28.24
Long-Term Deferred Charges	14.45	25.3	24.21	24.17	17.85	32.11
Other Long-Term Assets	21.37	6.42	10.99	29.96	32.65	230.05
Total Assets	6,652	6,335	6,113	5,792	5,640	5,098
Accounts Payable	2,576	2,260	1,908	1,736	1,698	1,651
Accrued Expenses	34.17	89.17	80.6	79.04	82.93	85.36
Short-Term Debt	817.19	728.21	954.72	919.5	872.89	968.96
Current Portion of Long-Term Debt	186.71	233.87	173.9	38.6	67.24	99.37
Current Portion of Leases	-	0.41	-	-	-	-
Current Income Taxes Payable	14.24	9.18	1.3	0.89	0.32	3.81
Current Unearned Revenue	10.87	10.89	16.37	8.42	8.96	7.13
Other Current Liabilities	64.27	72.65	115.98	56.98	28.93	22.61
Total Current Liabilities	3,703	3,405	3,251	2,839	2,759	2,838
Long-Term Debt	403.5	995.16	1,173	1,230	1,034	500.61
Long-Term Leases	0.43	0.53	-	-	-	-
Long-Term Unearned Revenue	174.39	174.56	182.12	147.25	101.19	63.61
Long-Term Deferred Tax Liabilities	8.84	9.07	9.34	9.14	48.64	24.25
Total Liabilities	4,290	4,584	4,615	4,226	3,943	3,427
Common Stock	156.79	142.02	142.01	142.01	142.01	142.03
Additional Paid-In Capital	1,408	792.08	793.21	793.38	793.07	794.13
Retained Earnings	776.91	746	469.29	566.72	698.6	733.53
Treasury Stock	-	-	-	-1.91	-4.78	-10.35
Comprehensive Income & Other	0.25	50.72	50.77	50.77	50.51	-
Total Common Equity	2,342	1,731	1,455	1,551	1,679	1,659
Minority Interest	19.95	19.74	41.85	15.53	17.51	11.46
Shareholders' Equity	2,362	1,751	1,497	1,566	1,697	1,671
Total Liabilities & Equity	6,652	6,335	6,113	5,792	5,640	5,098
Total Debt	1,408	1,958	2,301	2,188	1,975	1,569
Net Cash (Debt)	-942.85	-1,502	-1,834	-1,675	-1,423	-1,120
Net Cash Per Share	-6.41	-10.31	-12.99	-11.82	-9.86	-7.90
Filing Date Shares Outstanding	156.79	156.79	142.01	142.01	142.01	142.03
Total Common Shares Outstanding	156.79	142.02	142.01	142.01	142.01	142.03
Working Capital	-82.02	-107.67	-332.51	-127.61	-6.05	-123.5
Book Value Per Share	14.94	12.19	10.25	10.92	11.83	11.68
Tangible Book Value	2,156	1,543	1,210	1,310	1,415	1,454
Tangible Book Value Per Share	13.75	10.87	8.52	9.23	9.96	10.24
Buildings	-	1,212	1,089	1,014	841.37	472.91
Machinery	-	2,239	2,225	1,979	1,516	1,022
Construction In Progress	-	141.04	227.04	264.01	556.23	721.8

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