SHA:603231 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	279.06	238.75	320.11	1,073	88.05	122.98
Trading Asset Securities	601.98	655.99	500.23	-	0.82	-
Cash & Short-Term Investments	881.04	894.74	820.34	1,073	88.87	122.98
Cash Growth	19.89%	9.07%	-23.56%	1107.56%	-27.74%	-5.98%
Accounts Receivable	147.54	146.57	170.78	186.22	156.21	123.16
Other Receivables	19.92	30.74	5.21	3.06	7.11	6.48
Receivables	167.46	177.31	175.99	189.28	163.32	129.64
Inventory	234.74	241.71	279.4	215.14	243.66	188.98
Prepaid Expenses	-	-	-	0.08	9.31	-
Other Current Assets	70	46.34	21.2	11.16	9.88	34.21
Total Current Assets	1,353	1,360	1,297	1,489	515.04	475.81
Property, Plant & Equipment	835.8	834.51	705.72	616.98	563.25	430.91
Long-Term Investments	9.6	10.07	13.71	14.54	14.94	11.57
Other Intangible Assets	59.13	59.9	61.69	59.37	45.49	46.98
Long-Term Deferred Tax Assets	3.12	3.18	3.96	4.08	4.88	4.09
Other Long-Term Assets	4.74	1.46	2.65	2	1.31	5.4
Total Assets	2,266	2,269	2,085	2,186	1,145	974.76
Accounts Payable	152.53	166.44	92.07	81.09	179.34	142.07
Accrued Expenses	9.5	23.61	32.96	41.51	31.09	17.32
Short-Term Debt	23.77	23.77	23.77	83.83	85.11	103.14
Current Portion of Long-Term Debt	0.26	0.49	-	-	-	-
Current Portion of Leases	-	-	0.71	0.74	0.66	0.91
Current Income Taxes Payable	6.47	9.24	6.48	6.05	2.53	9.53
Current Unearned Revenue	15.2	11.95	5.57	6.42	8.21	8.49
Other Current Liabilities	9.76	6	29.26	15.74	16.9	4.64
Total Current Liabilities	217.5	241.49	190.83	235.37	323.84	286.11
Long-Term Leases	-	-	-	0.22	-	0.16
Long-Term Unearned Revenue	15.47	15.23	12.63	8.57	6.34	-
Long-Term Deferred Tax Liabilities	5.85	5.78	6.77	8.05	8.8	0.45
Other Long-Term Liabilities	-	-	-	-	3.31	-
Total Liabilities	238.82	262.51	210.23	252.21	342.29	286.72
Common Stock	191.46	191.46	191.46	191.46	143.59	143.59
Additional Paid-In Capital	1,237	1,237	1,237	1,322	337.9	333.91
Retained Earnings	596.13	577.75	445.47	420.02	321.13	210.54
Comprehensive Income & Other	-0.01	0	-0.01	-	-	-
Shareholders' Equity	2,027	2,007	1,874	1,934	802.62	688.05
Total Liabilities & Equity	2,266	2,269	2,085	2,186	1,145	974.76
Total Debt	24.04	24.26	24.49	84.8	85.77	104.21
Net Cash (Debt)	857	870.48	795.85	988.35	3.1	18.77
Net Cash Growth	20.60%	9.38%	-19.48%	31800.49%	-83.50%	-83.05%
Net Cash Per Share	4.51	4.54	4.14	7.11	0.02	0.13
Filing Date Shares Outstanding	186.95	195.02	191.46	191.46	143.59	143.59
Total Common Shares Outstanding	186.95	195.02	191.46	191.46	143.59	143.59
Working Capital	1,136	1,119	1,106	1,253	191.21	189.7
Book Value Per Share	10.83	10.29	9.79	10.10	5.59	4.79
Tangible Book Value	1,966	1,947	1,813	1,874	757.14	641.06
Tangible Book Value Per Share	10.52	9.98	9.47	9.79	5.27	4.46
Buildings	-	-	406.78	400.99	320.86	257.38
Machinery	-	-	751.53	708.97	630.43	494.73
Construction In Progress	-	-	92.62	10.33	36.47	64.09

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