SHA:603235 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	1,292	1,570	1,078	2,308	2,070	717.08
Trading Asset Securities	275.24	-	481.69	-	230	-
Cash & Short-Term Investments	1,568	1,570	1,560	2,308	2,300	717.08
Cash Growth	-4.12%	0.62%	-32.40%	0.35%	220.73%	-29.65%
Accounts Receivable	478.92	460.26	414.28	284.34	357.31	418.96
Other Receivables	5.58	3.03	1.4	1.7	2.03	2.23
Receivables	484.5	463.29	415.68	286.05	359.35	421.19
Inventory	541.98	569.89	589.23	478.97	470.63	405.54
Other Current Assets	199.3	179.98	130.46	48.47	36.4	35.58
Total Current Assets	2,793	2,783	2,695	3,121	3,166	1,579
Property, Plant & Equipment	3,145	3,104	2,585	1,618	1,311	1,183
Long-Term Investments	-	-	-	0.03	0.4	-
Other Intangible Assets	187.56	188.48	188.16	192.31	109.81	111.8
Long-Term Deferred Tax Assets	87.73	90.9	83.18	81.13	58.6	61.46
Long-Term Deferred Charges	17.08	14.73	9.61	10.99	12.38	4.04
Other Long-Term Assets	24.21	8.34	42.11	66.05	21.95	12.45
Total Assets	6,254	6,190	5,603	5,090	4,680	2,952
Accounts Payable	280.66	312.22	250.13	138.07	108.55	121.11
Accrued Expenses	81.13	126.04	125.76	115.86	112.97	100.66
Short-Term Debt	21.62	7.33	16.06	100.07	-	300.3
Current Portion of Long-Term Debt	-	84.58	10.1	-	-	14.02
Current Portion of Leases	-	-	3.28	3.12	3.42	3.33
Current Income Taxes Payable	-	31.77	23.45	30.68	0.5	49.01
Current Unearned Revenue	29.88	18.29	24.02	21.1	23.34	19.71
Other Current Liabilities	136.44	55.36	56.98	52.42	62.4	68.92
Total Current Liabilities	549.73	635.59	509.78	461.33	311.18	677.06
Long-Term Debt	313.21	299.84	117.43	-	-	26.04
Long-Term Leases	12.58	13.18	1.82	5.1	4.65	7.98
Long-Term Unearned Revenue	315.41	324.6	358.37	390.79	306.16	332.49
Total Liabilities	1,191	1,273	987.41	857.21	621.98	1,044
Common Stock	437.78	437.78	437.78	437.78	437.78	394
Additional Paid-In Capital	2,002	2,002	1,997	1,987	1,977	493.58
Retained Earnings	2,684	2,537	2,241	1,808	1,643	1,021
Treasury Stock	-60.01	-60.01	-60.01	-	-	-
Shareholders' Equity	5,064	4,917	4,616	4,233	4,058	1,909
Total Liabilities & Equity	6,254	6,190	5,603	5,090	4,680	2,952
Total Debt	347.42	404.92	148.69	108.29	8.07	351.68
Net Cash (Debt)	1,220	1,165	1,411	2,200	2,292	365.41
Net Cash Growth	-13.12%	-17.47%	-35.84%	-4.03%	527.19%	-45.78%
Net Cash Per Share	2.79	2.66	3.23	5.04	5.56	0.93
Filing Date Shares Outstanding	432.36	450.08	435.17	436.41	437.78	394
Total Common Shares Outstanding	432.36	450.08	435.17	437.78	437.78	394
Working Capital	2,244	2,147	2,186	2,660	2,855	902.34
Book Value Per Share	11.71	10.92	10.61	9.67	9.27	4.84
Tangible Book Value	4,876	4,728	4,428	4,041	3,948	1,797
Tangible Book Value Per Share	11.28	10.50	10.17	9.23	9.02	4.56
Buildings	-	-	847.28	655.11	596.5	552.3
Machinery	-	-	1,499	1,257	1,189	1,056
Construction In Progress	-	-	1,117	435.37	122.64	51.69

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