SHA:603191 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,385	1,155	1,373	932.99	329.75
Trading Asset Securities	-	25.06	-	30.02	-
Cash & Short-Term Investments	1,385	1,180	1,373	963.01	329.75
Cash Growth	17.36%	-14.04%	42.59%	192.04%	127.80%
Accounts Receivable	2,294	1,882	1,102	897.33	714.02
Other Receivables	122.67	125.15	12.41	11.78	7.99
Receivables	2,417	2,007	1,114	909.1	722.01
Inventory	992.57	869.95	509.07	446	277.48
Other Current Assets	144.63	82.86	123.21	108.39	141.02
Total Current Assets	4,939	4,140	3,119	2,427	1,470
Property, Plant & Equipment	1,979	2,048	1,502	815.76	654.74
Long-Term Investments	31.23	30.93	15.53	16.01	16.13
Goodwill	45.54	45.54	-	-	-
Other Intangible Assets	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	21.22	18.46	24.48	19.77	13.06
Long-Term Deferred Charges	2.07	3.21	3.85	1.48	0.08
Other Long-Term Assets	11.32	11.66	84.87	145.25	0.24
Total Assets	7,258	6,532	4,875	3,507	2,236
Accounts Payable	1,556	1,420	1,069	379.61	347.73
Accrued Expenses	171.29	132.2	66.58	61.46	70.12
Short-Term Debt	260.13	270.06	264.25	33.43	22.2
Current Portion of Long-Term Debt	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	11.79	12.39	-	7.07	21.85
Current Unearned Revenue	127.81	114.85	84.73	174.63	113.37
Other Current Liabilities	373.56	304.11	149.23	297.74	256.38
Total Current Liabilities	2,966	2,753	1,703	967.35	848.19
Long-Term Debt	1,528	1,104	665.12	179.21	190.37
Long-Term Leases	153.63	3.06	4.23	0.56	-
Long-Term Unearned Revenue	68.35	73.23	64.17	64.63	67.35
Long-Term Deferred Tax Liabilities	41.63	45.5	47.42	24.71	14.4
Other Long-Term Liabilities	2.89	1.24	0.35	2.79	-
Total Liabilities	4,760	3,979	2,484	1,239	1,120
Common Stock	332.35	333.17	333.17	333.17	249.88
Additional Paid-In Capital	979.6	960.87	975.7	982.38	211.11
Retained Earnings	1,179	1,126	1,110	935.72	637.61
Treasury Stock	-19.81	-30.89	-50.3	-	-
Comprehensive Income & Other	23.74	24.47	21.9	15.31	11.52
Total Common Equity	2,495	2,413	2,391	2,267	1,110
Minority Interest	3.63	139.6	-	0.69	5.19
Shareholders' Equity	2,498	2,553	2,391	2,267	1,115
Total Liabilities & Equity	7,258	6,532	4,875	3,507	2,236
Total Debt	2,407	1,876	1,003	226.61	229.1
Net Cash (Debt)	-1,022	-695.57	370.53	736.4	100.66
Net Cash Growth	-	-	-49.68%	631.60%	-
Net Cash Per Share	-3.10	-2.13	1.11	2.42	0.40
Filing Date Shares Outstanding	347.73	329.96	332.51	333.17	249.88
Total Common Shares Outstanding	347.73	329.96	332.51	333.17	249.88
Working Capital	1,974	1,388	1,416	1,459	622.08
Book Value Per Share	7.17	7.31	7.19	6.80	4.44
Tangible Book Value	2,224	2,139	2,265	2,185	1,029
Tangible Book Value Per Share	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

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.