SHA:603229 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	1,150	1,223	1,096	1,124	608.85	564.55
Trading Asset Securities	3.87	3.94	2.24	-	4.02	110
Cash & Short-Term Investments	1,154	1,227	1,099	1,124	612.87	674.55
Cash Growth	3.95%	11.65%	-2.29%	83.44%	-9.14%	-8.73%
Accounts Receivable	321.31	146.41	196.58	132.75	134.81	66.24
Other Receivables	1.96	1.79	1.63	2.82	8.49	1.49
Receivables	323.26	148.2	198.21	135.57	143.3	67.73
Inventory	367.83	398.3	400.95	365.18	320.57	243.44
Other Current Assets	34.17	42.32	11.48	49.75	59.97	34.86
Total Current Assets	1,879	1,815	1,709	1,675	1,137	1,021
Property, Plant & Equipment	1,038	1,037	1,041	1,046	950.94	601.46
Long-Term Investments	72.91	72.56	72.56	67.37	50.14	32.64
Other Intangible Assets	150.56	151.56	155.39	150.37	161.98	164.2
Long-Term Deferred Tax Assets	5.74	3.82	0.46	-	6.87	4.47
Other Long-Term Assets	10.89	5.35	3.99	12.71	8.69	16.1
Total Assets	3,157	3,085	2,982	2,952	2,315	1,839
Accounts Payable	225.01	270.1	351.64	410.85	519.32	402.25
Accrued Expenses	21.83	42.24	46.87	40.11	42.91	31.63
Short-Term Debt	440.67	410.61	270.31	300.26	160.12	65.07
Current Portion of Long-Term Debt	1.56	1.79	-	-	9.16	-
Current Portion of Leases	-	-	1.04	0.87	-	-
Current Income Taxes Payable	16.31	7.85	2.53	10.21	-	5.81
Current Unearned Revenue	1.1	0.96	0.91	7.06	12.63	23.23
Other Current Liabilities	4.6	2.47	1.23	1.61	1.28	2.33
Total Current Liabilities	711.09	736.02	674.53	770.97	745.42	530.32
Long-Term Debt	43.99	44.25	-	-	72.74	44.86
Long-Term Leases	-	-	1.08	2.04	-	-
Long-Term Unearned Revenue	34.57	35.62	34.89	34.91	23.51	9.46
Long-Term Deferred Tax Liabilities	-	-	-	2.07	12.51	-
Total Liabilities	789.65	815.89	710.5	809.99	854.19	584.64
Common Stock	830.3	830.3	830.3	593.07	401.87	287.05
Additional Paid-In Capital	440.23	440.23	440.23	677.45	394.72	509.54
Retained Earnings	1,147	1,050	1,002	871.92	665.46	459.36
Treasury Stock	-50.01	-50.01	-	-	-	-
Comprehensive Income & Other	-0.81	-1.1	-0.83	-0.86	-0.91	-1.14
Shareholders' Equity	2,367	2,269	2,272	2,142	1,461	1,255
Total Liabilities & Equity	3,157	3,085	2,982	2,952	2,315	1,839
Total Debt	486.22	456.65	272.43	303.17	242.02	109.93
Net Cash (Debt)	667.38	769.86	826.1	821.06	370.85	564.62
Net Cash Growth	-18.39%	-6.81%	0.61%	121.40%	-34.32%	-19.12%
Net Cash Per Share	0.83	0.94	1.00	1.00	0.46	0.71
Filing Date Shares Outstanding	805.52	779.87	828.3	830.3	787.66	787.66
Total Common Shares Outstanding	805.52	779.87	830.3	830.3	787.66	787.66
Working Capital	1,168	1,079	1,035	903.76	391.28	490.26
Book Value Per Share	2.94	2.91	2.74	2.58	1.86	1.59
Tangible Book Value	2,217	2,118	2,116	1,991	1,299	1,091
Tangible Book Value Per Share	2.75	2.72	2.55	2.40	1.65	1.38
Buildings	-	-	261.11	224.84	168.11	150.71
Machinery	-	-	559.12	510.1	278.07	223.16
Construction In Progress	-	-	495.66	526.23	685.01	379.24

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