SHA:603190 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	495.02	383.61	372.53	504.43	190.35	116.05
Short-Term Investments	-	10.88	0	-	-	-
Trading Asset Securities	150.73	210.12	70.05	-	-	-
Cash & Short-Term Investments	645.76	604.61	442.58	504.43	190.35	116.05
Cash Growth	63.17%	36.61%	-12.26%	165.00%	64.03%	-
Accounts Receivable	1,323	1,301	1,169	1,034	801.65	804.73
Other Receivables	67.62	73.92	54.5	48.97	4.81	22.22
Receivables	1,390	1,375	1,224	1,083	806.46	826.95
Inventory	868.03	782.5	680.81	599.44	396.19	349.59
Other Current Assets	133.59	101.07	82.05	115.4	159.61	68.12
Total Current Assets	3,038	2,863	2,429	2,303	1,553	1,361
Property, Plant & Equipment	957.56	930.15	921.5	833.36	635.42	603.32
Long-Term Investments	33.56	43.47	13.57	44	3	3
Goodwill	-	-	7.96	-	-	-
Other Intangible Assets	141.89	142.83	146.24	157.74	160.43	122.61
Long-Term Accounts Receivable	-	14.15	17.01	1.3	-	-
Long-Term Deferred Tax Assets	53.3	52.53	46.69	44.57	36	29.55
Long-Term Deferred Charges	11.18	10.61	9.45	8.36	10.83	9.43
Other Long-Term Assets	99.25	74.65	78.69	128.66	144.33	86.67
Total Assets	4,334	4,132	3,671	3,521	2,543	2,215
Accounts Payable	775.01	639.15	570.8	795.98	587.89	385.16
Accrued Expenses	20.64	87.93	74.07	72.47	97.09	69.48
Short-Term Debt	961.46	857.45	576.51	402.1	328.81	286.29
Current Portion of Long-Term Debt	99.77	99.61	127.34	27.92	110.93	-
Current Portion of Leases	-	2.45	1.9	0.76	0.73	0.22
Current Income Taxes Payable	29.17	11.83	13.81	10.84	19.87	11.17
Current Unearned Revenue	12.15	10.27	6.94	4.07	2.84	5.43
Other Current Liabilities	85.64	118.81	72.86	114.11	109.91	172.77
Total Current Liabilities	1,984	1,828	1,444	1,428	1,258	930.51
Long-Term Debt	76.4	89.29	103.55	19.8	111.59	235.12
Long-Term Leases	4.92	3.64	4.26	2.23	2.16	0.71
Long-Term Unearned Revenue	7.18	7.18	5.5	-	-	-
Long-Term Deferred Tax Liabilities	0.14	0.2	1.5	7.26	7.91	8.21
Other Long-Term Liabilities	1.09	1.16	0.36	4.18	9	6.94
Total Liabilities	2,074	1,929	1,559	1,462	1,389	1,181
Common Stock	124.54	124.54	120	120	90	90
Additional Paid-In Capital	929.26	920.4	861.94	861.94	107.59	107.59
Retained Earnings	1,226	1,176	1,097	1,062	947.91	830.05
Treasury Stock	-54.16	-54.16	-	-	-	-
Comprehensive Income & Other	25.28	26.46	23.29	14.87	8.39	6.16
Total Common Equity	2,251	2,194	2,102	2,059	1,154	1,034
Minority Interest	9.76	9.13	8.95	-	-	-
Shareholders' Equity	2,261	2,203	2,111	2,059	1,154	1,034
Total Liabilities & Equity	4,334	4,132	3,671	3,521	2,543	2,215
Total Debt	1,143	1,052	813.58	452.82	554.21	522.33
Net Cash (Debt)	-496.79	-447.83	-370.99	51.62	-363.86	-406.29
Net Cash Per Share	-4.12	-3.72	-3.09	0.45	-4.04	-4.51
Filing Date Shares Outstanding	124.54	124.54	120	120	90	90
Total Common Shares Outstanding	124.54	124.54	120	120	90	90
Working Capital	1,054	1,036	985.15	874.29	294.55	430.2
Book Value Per Share	18.08	17.61	17.52	17.16	12.82	11.49
Tangible Book Value	2,109	2,051	1,948	1,901	993.46	911.19
Tangible Book Value Per Share	16.94	16.47	16.23	15.84	11.04	10.12
Buildings	-	472.08	440.41	278.23	244.57	243.71
Machinery	-	1,274	1,130	1,011	805.82	749.66
Construction In Progress	-	43.53	97.89	182	123.94	48.03

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