SHA:603200 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	301.73	330.81	165.67	282.71	283.4	218.56
Short-Term Investments	-	220.57	175.2	91.52	-	-
Cash & Short-Term Investments	301.73	551.38	340.87	374.22	283.4	218.56
Cash Growth	77.93%	61.76%	-8.91%	32.05%	29.67%	-19.21%
Accounts Receivable	392.82	413.96	443.46	512.73	503.19	517.76
Other Receivables	18.64	38.24	32.26	8.69	17.96	12.73
Receivables	411.46	452.2	475.72	521.42	521.15	530.49
Inventory	126.86	116.88	105.75	82.43	92.65	85.36
Prepaid Expenses	-	-	-	2.41	-	-
Other Current Assets	267.04	18.4	18.66	18.95	38.43	41.39
Total Current Assets	1,107	1,139	941	999.44	935.64	875.8
Property, Plant & Equipment	299.25	303.58	292.8	106.82	94.26	95.32
Long-Term Investments	248.37	248.35	122.54	122.94	125.43	88.23
Goodwill	-	-	-	-	-	8.48
Other Intangible Assets	164	166.49	190.09	201.12	185.96	150.48
Long-Term Deferred Tax Assets	23.13	22.15	18.14	20.12	14.22	11.64
Long-Term Deferred Charges	9.65	9.92	1.19	3.11	1.95	1.65
Other Long-Term Assets	21.45	23.38	16.89	17.02	15.65	-
Total Assets	1,873	1,913	1,583	1,471	1,373	1,232
Accounts Payable	133.43	172.89	143.36	134.4	168.67	131.26
Accrued Expenses	1.9	15.6	11.11	13.48	18.15	19.54
Short-Term Debt	292.91	292.12	293.88	247.78	127.55	123.3
Current Portion of Long-Term Debt	-	0.1	-	15.02	10.03	-
Current Portion of Leases	5.6	5.32	7.01	5.4	6.61	8.64
Current Income Taxes Payable	4.28	1.54	0.14	1.43	0.3	0.21
Current Unearned Revenue	56.59	51.26	36.52	32.12	49.47	41.12
Other Current Liabilities	18.55	12.05	13.45	7.24	10.5	18.89
Total Current Liabilities	513.26	550.88	505.46	456.88	391.26	342.97
Long-Term Debt	120	120	-	-	15	-
Long-Term Leases	34.11	34.29	42.28	10.71	14.43	17.11
Long-Term Unearned Revenue	5.25	5.25	5.25	-	-	-
Long-Term Deferred Tax Liabilities	1.55	1.54	1.07	4.69	1.6	1.2
Other Long-Term Liabilities	7.75	7.75	-	-	-	-
Total Liabilities	681.92	719.7	554.06	472.28	422.28	361.29
Common Stock	175.48	175.48	175.48	174.87	173.62	125.3
Additional Paid-In Capital	398.01	398.01	327.85	320.91	306.93	338.61
Retained Earnings	526.23	524.37	457.47	426.79	400.84	371.1
Comprehensive Income & Other	-0.01	0.55	-0.07	-0.12	-0.44	-0.42
Total Common Equity	1,100	1,098	960.73	922.45	880.95	834.58
Minority Interest	91.29	94.63	67.86	75.84	69.88	35.74
Shareholders' Equity	1,191	1,193	1,029	998.29	950.82	870.31
Total Liabilities & Equity	1,873	1,913	1,583	1,471	1,373	1,232
Total Debt	452.62	451.83	343.16	278.91	173.61	149.05
Net Cash (Debt)	-150.89	99.55	-2.29	95.32	109.79	69.51
Net Cash Growth	-	-	-	-13.18%	57.95%	-48.87%
Net Cash Per Share	-0.86	0.57	-0.01	0.55	0.62	0.41
Filing Date Shares Outstanding	175.48	175.48	175.48	174.87	172.91	172.91
Total Common Shares Outstanding	175.48	175.48	175.48	174.87	172.91	172.91
Working Capital	593.82	587.98	435.53	542.56	544.39	532.83
Book Value Per Share	6.27	6.26	5.47	5.27	5.09	4.83
Tangible Book Value	935.71	931.92	770.64	721.33	694.99	675.62
Tangible Book Value Per Share	5.33	5.31	4.39	4.12	4.02	3.91
Buildings	-	-	-	32.78	30.95	29.25
Machinery	-	132.17	80.62	60.02	73.8	65.84
Construction In Progress	-	5.36	187.4	29.74	13.77	9.13

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