SHA:603201 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	573.07	582.16	589.74	638.98	688.65	159.5
Trading Asset Securities	259.94	131.69	228.81	183.96	44.55	0.54
Cash & Short-Term Investments	833.01	713.86	818.56	822.94	733.21	160.04
Cash Growth	8.13%	-12.79%	-0.53%	12.24%	358.13%	-37.49%
Accounts Receivable	622.89	708.93	687.96	651.54	541.6	638.23
Other Receivables	21.06	30.89	32.3	38.71	23.71	31.83
Receivables	643.95	739.81	720.25	690.25	565.31	670.06
Inventory	497.19	488.55	423.85	438.69	421.35	547.46
Other Current Assets	81.11	83.36	45.88	27.72	23.68	33.37
Total Current Assets	2,055	2,026	2,009	1,980	1,744	1,411
Property, Plant & Equipment	816.07	836.63	740.71	536.08	398.37	355.06
Long-Term Investments	-	-	20.67	20.09	-	-
Goodwill	55.27	55.27	26.37	26.37	-	-
Other Intangible Assets	109.54	110.55	117.56	116.68	115.47	121.47
Long-Term Deferred Tax Assets	16.11	19.81	21.23	17.48	16.32	18.45
Long-Term Deferred Charges	6.72	6.56	1.28	1.61	-	-
Other Long-Term Assets	16.12	15.09	21.16	20.25	10.62	6.96
Total Assets	3,075	3,069	2,958	2,718	2,284	1,913
Accounts Payable	619.62	723.81	502.7	530.74	454.6	639.16
Accrued Expenses	14.54	22.5	117.64	105.04	108.87	84.07
Short-Term Debt	475.7	346.21	237.25	182.57	68	162.12
Current Portion of Long-Term Debt	6.75	10.07	197.13	2.16	200.15	-
Current Portion of Leases	-	-	14.77	13.58	2.67	4.7
Current Income Taxes Payable	11.42	26.83	33.36	28.69	15.25	10.53
Current Unearned Revenue	30.4	28.58	23.06	30.59	33.52	32.32
Other Current Liabilities	51.75	60.16	90.76	34.41	34.94	90.86
Total Current Liabilities	1,210	1,218	1,217	927.76	918.01	1,024
Long-Term Debt	-	-	-	198	-	200.21
Long-Term Leases	-	-	10.33	24.72	1.4	4.95
Long-Term Unearned Revenue	1.78	1.97	2.85	3.75	4.66	5.56
Long-Term Deferred Tax Liabilities	2.09	3.32	3.63	4.05	2.99	3.38
Other Long-Term Liabilities	28.58	28.53	31.58	32.09	33.94	41.47
Total Liabilities	1,243	1,252	1,265	1,190	960.99	1,279
Common Stock	189.98	189.98	158.37	112.84	79.49	59.62
Additional Paid-In Capital	421.51	421.51	465.65	509.32	518.6	28.8
Retained Earnings	1,196	1,163	1,023	861.68	685.03	511.75
Treasury Stock	-7.1	-7.1	-14.55	-12.67	-	-
Comprehensive Income & Other	-11.44	7.83	8.57	4.42	3.06	0.34
Total Common Equity	1,789	1,775	1,641	1,476	1,286	600.5
Minority Interest	43.96	42.71	51.8	52.18	37.14	33.05
Shareholders' Equity	1,832	1,818	1,692	1,528	1,323	633.55
Total Liabilities & Equity	3,075	3,069	2,958	2,718	2,284	1,913
Total Debt	482.45	356.28	459.47	421.03	272.22	371.97
Net Cash (Debt)	350.56	357.58	359.09	401.92	460.98	-211.93
Net Cash Growth	-6.27%	-0.42%	-10.66%	-12.81%	-	-
Net Cash Per Share	1.86	1.89	1.88	2.15	2.76	-1.51
Filing Date Shares Outstanding	183.23	191.17	190.04	184.97	186.97	140.23
Total Common Shares Outstanding	183.23	191.17	190.04	184.97	186.97	140.23
Working Capital	845.08	807.42	791.88	1,052	825.53	387.17
Book Value Per Share	9.76	9.28	8.63	7.98	6.88	4.28
Tangible Book Value	1,624	1,609	1,497	1,333	1,171	479.03
Tangible Book Value Per Share	8.86	8.42	7.88	7.20	6.26	3.42
Buildings	-	-	719.5	432.55	407.85	377.83
Machinery	-	-	379.55	329.14	308.17	299.49
Construction In Progress	-	-	27.15	144.07	49.61	10.36

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