SHA:603208 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	278.64	506.73	681.43	1,194	1,112	996.89
Cash & Short-Term Investments	378.64	506.73	681.43	1,194	1,112	996.89
Cash Growth	-28.77%	-25.64%	-42.91%	7.34%	11.54%	54.87%
Accounts Receivable	696.58	753.95	1,077	1,197	1,079	1,454
Other Receivables	12.46	13.03	13.68	17.36	24.11	15.18
Receivables	709.03	766.98	1,091	1,214	1,103	1,469
Inventory	124.44	153.16	278.29	417.5	455.99	476.35
Other Current Assets	23.87	20.28	17.6	19.22	19.96	55.94
Total Current Assets	1,236	1,447	2,068	2,844	2,691	2,999
Property, Plant & Equipment	947.81	973.2	1,167	1,292	1,385	1,293
Long-Term Investments	16.8	18.33	20.56	23.15	19.45	19.45
Other Intangible Assets	225.33	227.38	237.59	247.86	257.77	262.98
Long-Term Deferred Tax Assets	180.78	177.53	156.13	148.08	106.88	87.75
Other Long-Term Assets	122.84	124.81	92.78	63.95	5.93	15.11
Total Assets	2,730	2,968	3,743	4,619	4,466	4,677
Accounts Payable	439.95	556.1	934.19	1,258	1,303	1,090
Accrued Expenses	16.22	57.43	90.71	120.95	110.62	152.06
Short-Term Debt	1.67	2.95	35.46	114.23	-	82.01
Current Portion of Long-Term Debt	-	-	-	16.13	10.18	38
Current Income Taxes Payable	11.64	9.1	5.26	30.38	12.97	40.66
Current Unearned Revenue	119.95	143.56	202.37	280.79	295.01	196.06
Other Current Liabilities	244.17	270.42	323.96	324.87	338.56	285.89
Total Current Liabilities	833.59	1,040	1,592	2,145	2,071	1,884
Long-Term Debt	655.7	647.7	625.02	657.85	648.35	630.02
Long-Term Unearned Revenue	189.24	193.6	210.18	225.23	236.4	227.64
Long-Term Deferred Tax Liabilities	3.29	3.43	2.85	2.88	39.49	28.93
Total Liabilities	1,682	1,884	2,430	3,031	2,995	2,771
Common Stock	177.17	177.17	177.17	177.17	136.59	105.07
Additional Paid-In Capital	430.13	430.13	430.13	447.38	487.97	519.46
Retained Earnings	465.92	502.28	730.65	934.85	815.51	1,192
Treasury Stock	-50.9	-50.91	-50.91	-50.91	-50.92	-
Comprehensive Income & Other	25.4	25.43	25.47	25.52	25.52	25.52
Total Common Equity	1,048	1,084	1,313	1,534	1,415	1,842
Minority Interest	-	-	-	53.48	56.44	64.21
Shareholders' Equity	1,048	1,084	1,313	1,587	1,471	1,906
Total Liabilities & Equity	2,730	2,968	3,743	4,619	4,466	4,677
Total Debt	657.36	650.65	660.48	788.21	658.53	750.03
Net Cash (Debt)	-278.72	-143.92	20.94	405.33	453.41	246.86
Net Cash Growth	-	-	-94.83%	-10.60%	83.67%	-50.35%
Net Cash Per Share	-1.59	-0.82	0.12	2.31	2.57	1.37
Filing Date Shares Outstanding	173.15	175.88	174.71	175.88	175.88	177.56
Total Common Shares Outstanding	173.15	175.88	174.71	175.88	175.88	177.56
Working Capital	402.39	407.59	476.48	698.8	620.67	1,114
Book Value Per Share	6.05	6.16	7.51	8.72	8.04	10.37
Tangible Book Value	822.39	856.73	1,075	1,286	1,157	1,579
Tangible Book Value Per Share	4.75	4.87	6.15	7.31	6.58	8.89
Buildings	-	1,006	1,024	1,042	1,031	735.17
Machinery	-	723.43	789.41	785.85	735.13	603.12
Construction In Progress	-	1.11	3.04	4.09	38.89	272.2

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