SHA:603227 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	690.9	1,004	890.36	1,232	817.22
Short-Term Investments	74.31	-	-	-	-
Trading Asset Securities	-	-	-	3.87	3.79
Cash & Short-Term Investments	765.21	1,004	890.36	1,236	821.01
Cash Growth	-23.80%	12.79%	-27.96%	50.54%	148.52%
Accounts Receivable	2,235	1,655	1,359	1,546	1,567
Other Receivables	170.72	77.73	69.9	66.04	62.2
Receivables	2,406	1,733	1,429	1,612	1,630
Inventory	458.66	447.79	504.59	618.7	520
Prepaid Expenses	2.83	5.04	0.64	21.23	0.7
Other Current Assets	245.76	290.85	246.36	381.46	499.48
Total Current Assets	3,878	3,480	3,071	3,869	3,471
Property, Plant & Equipment	3,307	3,337	3,515	3,410	3,670
Long-Term Investments	103.79	88.5	78.78	78.48	78.7
Goodwill	246.49	20.98	20.98	20.98	20.98
Other Intangible Assets	593.38	557.79	571.71	571.54	534.92
Long-Term Accounts Receivable	-	-	0.11	0.84	1.54
Long-Term Deferred Tax Assets	132.86	110.6	126.21	137.94	150.73
Long-Term Deferred Charges	46.85	40.4	36.34	33.66	21.16
Other Long-Term Assets	304.39	253.89	232.41	221.28	40.79
Total Assets	8,612	7,890	7,653	8,344	7,989
Accounts Payable	497.4	470.8	482.67	604.75	412.57
Accrued Expenses	187.71	175.38	250.83	92.29	158.31
Short-Term Debt	454.22	121.18	492.01	856.75	957.26
Current Portion of Long-Term Debt	198.76	311.5	43.43	50.16	57.25
Current Portion of Leases	0.79	1.31	2.07	2.19	1.29
Current Income Taxes Payable	1.47	3.19	-	25.87	83.2
Current Unearned Revenue	123.27	88.7	102.81	152.95	258.68
Other Current Liabilities	615.08	427.28	309.44	1,478	1,175
Total Current Liabilities	2,079	1,599	1,683	3,263	3,104
Long-Term Debt	138.2	233.81	335.9	200	377.64
Long-Term Leases	1.76	1.86	1.42	1.69	3.33
Long-Term Unearned Revenue	133.8	147.26	167.6	193.35	219.33
Long-Term Deferred Tax Liabilities	50.75	50.73	59.36	59.98	49.16
Other Long-Term Liabilities	69.45	60.39	63.28	60.31	99.8
Total Liabilities	2,473	2,093	2,311	3,778	3,853
Common Stock	1,072	1,072	1,072	966.57	724.57
Additional Paid-In Capital	1,571	1,574	1,574	1,189	807.17
Retained Earnings	2,486	2,196	1,796	1,103	784.66
Comprehensive Income & Other	34.59	64.56	44.25	36.27	20.9
Total Common Equity	5,163	4,907	4,486	3,295	2,337
Minority Interest	976.24	889.51	856.29	1,271	1,799
Shareholders' Equity	6,140	5,797	5,342	4,566	4,136
Total Liabilities & Equity	8,612	7,890	7,653	8,344	7,989
Total Debt	793.72	669.67	874.82	1,111	1,397
Net Cash (Debt)	-28.52	334.53	15.53	125.12	-575.76
Net Cash Growth	-	2053.58%	-87.59%	-	-
Net Cash Per Share	-0.03	0.31	0.01	0.15	-0.71
Filing Date Shares Outstanding	1,072	1,072	1,072	1,072	724.57
Total Common Shares Outstanding	1,072	1,072	1,072	966.57	724.57
Working Capital	1,799	1,881	1,388	606.8	367.06
Book Value Per Share	4.82	4.58	4.19	3.41	3.23
Tangible Book Value	4,324	4,328	3,893	2,702	1,781
Tangible Book Value Per Share	4.03	4.04	3.63	2.80	2.46
Buildings	2,583	2,447	2,388	2,217	2,205
Machinery	4,173	4,006	3,932	3,680	3,603
Construction In Progress	86.31	23.69	25.85	103.26	212.55

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.