SHA:603196 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	405.15	596.35	141.26	87.47	148.08	212.17
Trading Asset Securities	237.62	141.19	-	35	20	34.97
Cash & Short-Term Investments	642.77	737.55	141.26	122.47	168.08	247.14
Cash Growth	313.85%	422.11%	15.35%	-27.14%	-31.99%	11.60%
Accounts Receivable	719.1	681.82	72.19	87.29	42.24	39.59
Other Receivables	25.29	29.5	35.2	61.96	46.42	62.51
Receivables	744.39	711.32	107.39	149.26	88.66	102.1
Inventory	243.21	307.18	273.34	287.25	372.2	262.34
Other Current Assets	56.67	49.92	32.12	12.51	36.7	22.07
Total Current Assets	1,687	1,806	554.11	571.49	665.65	633.65
Property, Plant & Equipment	760.18	741.49	217.44	347.7	352.57	333.41
Long-Term Investments	25.21	25.21	25.21	42.5	44.9	44.3
Goodwill	374.82	374.82	-	-	-	-
Other Intangible Assets	135.54	137.84	70.36	73.87	77.73	83.84
Long-Term Accounts Receivable	-	11.23	12.28	-	-	-
Long-Term Deferred Tax Assets	86.37	90.11	95.41	108.79	100.56	89.4
Long-Term Deferred Charges	15	17.36	20.43	16.61	20.23	18
Other Long-Term Assets	99.27	93.16	42.24	-	-	-
Total Assets	3,183	3,297	1,037	1,161	1,262	1,203
Accounts Payable	194.49	134.59	99.34	90.89	117.51	86.84
Accrued Expenses	54.81	113.44	26.04	35.23	25.85	31.11
Short-Term Debt	157.61	135.8	119.66	72.73	138.2	60.03
Current Portion of Long-Term Debt	26.19	0.02	-	-	-	-
Current Portion of Leases	-	26.02	26.07	28.02	33	27.1
Current Income Taxes Payable	19.7	13.61	0.07	5.65	4.94	5.62
Current Unearned Revenue	10.08	8.05	10.21	7.55	12.65	11.83
Other Current Liabilities	138.13	516.83	85.94	87.09	98.5	105.43
Total Current Liabilities	601.01	948.36	367.33	327.16	430.65	327.97
Long-Term Debt	93.95	33.7	-	-	-	-
Long-Term Leases	26.22	23.54	32.94	34.1	29.25	19.71
Long-Term Unearned Revenue	0.53	0.55	-	-	-	-
Long-Term Deferred Tax Liabilities	24.43	30.76	-	0.32	0.25	0.25
Other Long-Term Liabilities	1.02	1.02	-	-	-	-
Total Liabilities	747.15	1,038	400.27	361.59	460.15	347.92
Common Stock	418.69	398.69	236.99	238.68	239.64	240
Additional Paid-In Capital	1,493	1,369	370.64	379.68	380.3	378.64
Retained Earnings	69.68	46.01	28.02	198.51	200.4	262.41
Treasury Stock	-	-	-	-13.1	-16.43	-22.87
Comprehensive Income & Other	12.18	11.77	0.34	-4.4	-2.44	-3.5
Total Common Equity	1,993	1,826	635.98	799.37	801.48	854.68
Minority Interest	442.96	433.33	1.23	-	-	-
Shareholders' Equity	2,436	2,259	637.21	799.37	801.48	854.68
Total Liabilities & Equity	3,183	3,297	1,037	1,161	1,262	1,203
Total Debt	303.96	219.07	178.66	134.85	200.45	106.84
Net Cash (Debt)	338.81	518.47	-37.4	-12.39	-32.37	140.3
Net Cash Growth	-	-	-	-	-	-36.65%
Net Cash Per Share	1.21	2.19	-0.16	-0.05	-0.13	0.59
Filing Date Shares Outstanding	411.7	398.69	236.99	237.01	237.98	228.84
Total Common Shares Outstanding	411.7	398.69	236.99	237.01	237.98	228.84
Working Capital	1,086	857.62	186.79	244.33	235	305.68
Book Value Per Share	4.84	4.58	2.68	3.37	3.37	3.73
Tangible Book Value	1,483	1,313	565.63	725.51	723.75	770.84
Tangible Book Value Per Share	3.60	3.29	2.39	3.06	3.04	3.37
Buildings	-	275.14	187.73	233.54	232.33	221.57
Machinery	-	265.24	84.34	83.11	83.06	78
Construction In Progress	-	320.74	45.95	118.09	115.48	109.8

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