SHA:603202 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	3,358	4,112	1,297	735.77	196.82	165.09
Short-Term Investments	-	700.74	-	-	-	-
Trading Asset Securities	-	-	-	-	-	0.52
Cash & Short-Term Investments	3,358	4,813	1,297	735.77	196.82	165.61
Cash Growth	88.70%	271.01%	76.31%	273.82%	18.85%	244.49%
Accounts Receivable	1,335	1,239	1,487	1,309	751.05	329.56
Other Receivables	44.39	58.66	25.53	19.91	27.2	165
Receivables	1,379	1,298	1,513	1,328	778.25	494.56
Inventory	1,202	951.94	829.83	700.53	613.59	365.08
Other Current Assets	1,522	207	94.01	80.2	44.18	7.1
Total Current Assets	7,461	7,270	3,734	2,845	1,633	1,032
Property, Plant & Equipment	1,261	1,157	898.57	450.58	404.94	307.26
Long-Term Investments	50.54	51.8	58.43	54.98	68.24	72.72
Other Intangible Assets	353.73	295.25	258.24	127.44	126.58	127.64
Long-Term Deferred Tax Assets	60.81	58.21	56.98	54.95	40.78	32.73
Long-Term Deferred Charges	103.11	100.71	72.86	51.64	44.22	33.61
Other Long-Term Assets	75.39	42.07	30.61	26.8	7	4.27
Total Assets	9,369	8,975	5,109	3,611	2,325	1,611
Accounts Payable	1,627	1,394	1,472	1,056	676.07	369.98
Accrued Expenses	38.09	78.86	60.84	38.15	22.31	22.37
Short-Term Debt	52.79	122.08	-	60.04	250.49	229.1
Current Portion of Long-Term Debt	68.26	96.11	108.19	104.73	8.2	118.28
Current Portion of Leases	-	15.8	4.44	1.05	0.72	0.58
Current Income Taxes Payable	36.72	29.01	50.6	94.22	37.93	14.3
Current Unearned Revenue	17.06	4.92	5.21	9.11	15.54	45.82
Other Current Liabilities	211.73	37.46	30.09	36.07	51.69	32.56
Total Current Liabilities	2,051	1,778	1,731	1,399	1,063	832.99
Long-Term Debt	63	63	159	306.98	217.1	248.68
Long-Term Leases	168.75	155.6	163.24	0.09	0.67	0.83
Long-Term Unearned Revenue	162.21	165.14	127.46	127.98	134.71	137.49
Long-Term Deferred Tax Liabilities	1.12	-	0.04	9.79	10.78	0.01
Other Long-Term Liabilities	47.03	45.24	64.83	29.59	20.43	16.18
Total Liabilities	2,493	2,207	2,246	1,874	1,447	1,236
Common Stock	160	160	120	120	120	16.24
Additional Paid-In Capital	3,941	3,940	448.07	442.85	374.01	25.94
Retained Earnings	2,821	2,694	2,331	1,194	394.25	346.12
Comprehensive Income & Other	-48.15	-29.28	-34.93	-19.8	-10.44	-14.07
Total Common Equity	6,874	6,765	2,864	1,737	877.82	374.22
Minority Interest	1.71	2.05	-0.29	0.3	0.13	0.2
Shareholders' Equity	6,876	6,767	2,864	1,738	877.95	374.42
Total Liabilities & Equity	9,369	8,975	5,109	3,611	2,325	1,611
Total Debt	352.8	452.59	434.87	472.89	477.18	597.46
Net Cash (Debt)	3,005	4,360	862.33	262.88	-280.36	-431.86
Net Cash Growth	133.86%	405.62%	228.03%	-	-	-
Net Cash Per Share	19.18	29.75	7.19	2.19	-2.35	-
Filing Date Shares Outstanding	160	160	120	120	120	-
Total Common Shares Outstanding	160	160	120	120	120	-
Working Capital	5,410	5,491	2,003	1,446	569.89	199.35
Book Value Per Share	42.96	42.28	23.87	14.48	7.32	-
Tangible Book Value	6,517	6,470	2,606	1,610	751.25	246.58
Tangible Book Value Per Share	40.73	40.44	21.71	13.42	6.26	-
Buildings	-	532.56	283.05	260.83	219.64	219.79
Machinery	-	586.3	422.97	321.8	277.51	187.27
Construction In Progress	-	127.44	215.77	29.65	33.09	3.08