SHA:603197 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	606.61	435.32	1,264	1,044	858.25	1,103
Trading Asset Securities	932	870.03	-	-	-	4.87
Cash & Short-Term Investments	1,539	1,305	1,264	1,044	858.25	1,108
Cash Growth	34.70%	3.26%	21.14%	21.59%	-22.53%	109.18%
Accounts Receivable	2,506	2,594	2,796	1,900	1,310	929.88
Other Receivables	22.35	33.33	45.55	24.55	29.74	28.73
Receivables	2,528	2,627	2,842	1,924	1,340	958.62
Inventory	2,435	2,481	2,181	1,699	1,530	1,069
Prepaid Expenses	-	-	-	1.33	3.32	0.13
Other Current Assets	114.64	193.88	142.7	122.41	88.86	89.9
Total Current Assets	6,616	6,608	6,430	4,790	3,820	3,226
Property, Plant & Equipment	3,618	3,622	3,076	2,478	1,780	1,272
Long-Term Investments	656.51	661.93	403.6	351.85	308.12	224.26
Goodwill	315.28	321.48	333.75	340.52	304.98	149.57
Other Intangible Assets	188.52	192.21	195.17	198.6	200.65	124.87
Long-Term Deferred Tax Assets	73.49	73.74	74.59	51.96	46.11	36.51
Long-Term Deferred Charges	19.17	17.72	9.14	6.16	2.49	0.35
Other Long-Term Assets	379.37	350.06	285.39	257.67	152.65	110.39
Total Assets	11,866	11,847	10,808	8,475	6,615	5,149
Accounts Payable	2,589	2,807	2,181	1,281	1,256	807.65
Accrued Expenses	225.95	249.74	246.15	215.46	220.27	175.47
Short-Term Debt	1,962	1,760	1,523	919.05	813.09	457.4
Current Portion of Long-Term Debt	754.95	655.18	237.12	278.05	255.19	211.59
Current Portion of Leases	-	-	5.35	4.44	2.84	1.75
Current Income Taxes Payable	78.3	61.21	26.05	21.8	20.54	12.07
Current Unearned Revenue	217.25	176.58	170.83	156.99	107.07	55.46
Other Current Liabilities	69.39	13.07	186.46	194.55	41.19	58.95
Total Current Liabilities	5,896	5,724	4,576	3,071	2,716	1,780
Long-Term Debt	2,133	2,305	2,574	2,070	1,049	850.97
Long-Term Leases	5.89	5.98	8.99	6.07	4.7	4.92
Long-Term Unearned Revenue	122.06	122.37	97.81	65.69	48.51	47.81
Long-Term Deferred Tax Liabilities	4.09	4.35	5.33	6.66	7.37	0.56
Other Long-Term Liabilities	45.52	45.54	4.52	5.16	2.98	13.77
Total Liabilities	8,207	8,207	7,267	5,224	3,829	2,698
Common Stock	213.91	213.66	212.09	211.96	208.84	207.81
Additional Paid-In Capital	1,284	1,330	1,249	1,206	1,067	1,000
Retained Earnings	1,754	1,682	1,645	1,523	1,209	1,036
Treasury Stock	-51.44	-100.03	-24.24	-48.49	-19.75	-40.5
Comprehensive Income & Other	67.5	126.99	114.83	61.47	33.07	-5.43
Total Common Equity	3,267	3,252	3,197	2,953	2,498	2,199
Minority Interest	392.21	387.21	344.39	297.41	288.13	252.6
Shareholders' Equity	3,659	3,640	3,541	3,251	2,787	2,451
Total Liabilities & Equity	11,866	11,847	10,808	8,475	6,615	5,149
Total Debt	4,856	4,727	4,348	3,277	2,124	1,527
Net Cash (Debt)	-3,317	-3,422	-3,084	-2,234	-1,266	-418.87
Net Cash Per Share	-15.50	-16.09	-14.68	-10.73	-6.15	-2.18
Filing Date Shares Outstanding	216.75	211.96	212.09	211.96	208.84	207.81
Total Common Shares Outstanding	216.75	211.96	212.09	211.96	208.84	207.81
Working Capital	720.16	884.19	1,854	1,719	1,104	1,445
Book Value Per Share	15.07	15.34	15.07	13.93	11.96	10.58
Tangible Book Value	2,763	2,739	2,668	2,414	1,993	1,924
Tangible Book Value Per Share	12.75	12.92	12.58	11.39	9.54	9.26
Buildings	-	-	1,549	961.9	606.72	501.96
Machinery	-	-	2,249	1,821	1,432	1,143
Construction In Progress	-	-	282.99	545.1	386.52	120.55

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