SHA:603191 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	1,059	1,385	1,155	1,373	932.99	329.75
Trading Asset Securities	-	-	25.06	-	30.02	-
Cash & Short-Term Investments	1,059	1,385	1,180	1,373	963.01	329.75
Cash Growth	-22.48%	17.36%	-14.04%	42.59%	192.04%	127.80%
Accounts Receivable	2,418	2,294	1,882	1,102	897.33	714.02
Other Receivables	131.08	122.67	125.15	12.41	11.78	7.99
Receivables	2,549	2,417	2,007	1,114	909.1	722.01
Inventory	1,066	992.57	869.95	509.07	446	277.48
Other Current Assets	125.22	144.63	82.86	123.21	108.39	141.02
Total Current Assets	4,799	4,939	4,140	3,119	2,427	1,470
Property, Plant & Equipment	1,948	1,979	2,048	1,502	815.76	654.74
Long-Term Investments	29.91	31.23	30.93	15.53	16.01	16.13
Goodwill	45.54	45.54	45.54	-	-	-
Other Intangible Assets	222.9	225.02	228.89	125.52	81.74	81.04
Long-Term Accounts Receivable	-	3.64	5.68	-	-	0.04
Long-Term Deferred Tax Assets	19	21.22	18.46	24.48	19.77	13.06
Long-Term Deferred Charges	1.92	2.07	3.21	3.85	1.48	0.08
Other Long-Term Assets	11.77	11.32	11.66	84.87	145.25	0.24
Total Assets	7,078	7,258	6,532	4,875	3,507	2,236
Accounts Payable	1,438	1,556	1,420	1,069	379.61	347.73
Accrued Expenses	26.8	171.29	132.2	66.58	61.46	70.12
Short-Term Debt	314.44	260.13	270.06	264.25	33.43	22.2
Current Portion of Long-Term Debt	614.73	414.96	496.05	64.39	12.88	16.53
Current Portion of Leases	-	50.51	3.17	4.62	0.54	-
Current Income Taxes Payable	33.84	11.79	12.39	-	7.07	21.85
Current Unearned Revenue	141.07	127.81	114.85	84.73	174.63	113.37
Other Current Liabilities	360	373.56	304.11	149.23	297.74	256.38
Total Current Liabilities	2,929	2,966	2,753	1,703	967.35	848.19
Long-Term Debt	1,405	1,528	1,104	665.12	179.21	190.37
Long-Term Leases	10.48	153.63	3.06	4.23	0.56	-
Long-Term Unearned Revenue	67.36	68.35	73.23	64.17	64.63	67.35
Long-Term Deferred Tax Liabilities	37.8	41.63	45.5	47.42	24.71	14.4
Other Long-Term Liabilities	122.82	2.89	1.24	0.35	2.79	-
Total Liabilities	4,572	4,760	3,979	2,484	1,239	1,120
Common Stock	329.96	332.35	333.17	333.17	333.17	249.88
Additional Paid-In Capital	962.18	979.6	960.87	975.7	982.38	211.11
Retained Earnings	1,191	1,179	1,126	1,110	935.72	637.61
Treasury Stock	-	-19.81	-30.89	-50.3	-	-
Comprehensive Income & Other	19.89	23.74	24.47	21.9	15.31	11.52
Total Common Equity	2,503	2,495	2,413	2,391	2,267	1,110
Minority Interest	3.34	3.63	139.6	-	0.69	5.19
Shareholders' Equity	2,506	2,498	2,553	2,391	2,267	1,115
Total Liabilities & Equity	7,078	7,258	6,532	4,875	3,507	2,236
Total Debt	2,345	2,407	1,876	1,003	226.61	229.1
Net Cash (Debt)	-1,286	-1,022	-695.57	370.53	736.4	100.66
Net Cash Growth	-	-	-	-49.68%	631.60%	-
Net Cash Per Share	-4.07	-3.10	-2.13	1.11	2.42	0.40
Filing Date Shares Outstanding	307.17	347.73	329.96	332.51	333.17	249.88
Total Common Shares Outstanding	307.17	347.73	329.96	332.51	333.17	249.88
Working Capital	1,871	1,974	1,388	1,416	1,459	622.08
Book Value Per Share	8.15	7.17	7.31	7.19	6.80	4.44
Tangible Book Value	2,235	2,224	2,139	2,265	2,185	1,029
Tangible Book Value Per Share	7.27	6.40	6.48	6.81	6.56	4.12
Buildings	-	1,259	1,221	651.53	417.47	342.35
Machinery	-	1,394	1,324	787.25	420.11	409.05
Construction In Progress	-	34.84	25.03	377.81	224.83	95.14

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