SHA:603281 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	2,929	3,195	3,320	3,464	1,747	728.74
Short-Term Investments	-	218.53	-	-	-	-
Trading Asset Securities	30.02	-	757.52	200.03	37.89	9.09
Cash & Short-Term Investments	2,959	3,413	4,078	3,664	1,785	737.83
Cash Growth	-28.67%	-16.29%	11.28%	105.31%	141.90%	54.78%
Accounts Receivable	333.44	269.75	325.48	320.12	418.48	517.38
Other Receivables	3.87	13.06	8.37	8.26	7.73	23.98
Receivables	337.31	282.81	333.86	328.38	426.21	541.36
Inventory	189.46	167.74	164.14	167.63	229.23	269.62
Prepaid Expenses	-	-	-	-	-	0.27
Other Current Assets	38.13	39.45	19.06	405.45	11.9	8.55
Total Current Assets	3,524	3,903	4,595	4,566	2,452	1,558
Property, Plant & Equipment	795.86	794.45	644	515.6	414.12	318.38
Long-Term Investments	-	468.59	-	-	-	-
Other Intangible Assets	70.35	70.83	64.74	66.33	66.56	68.03
Long-Term Deferred Tax Assets	0.18	0.18	-	-	8.6	7.68
Other Long-Term Assets	907.59	2.87	8.73	14.87	6.74	1.11
Total Assets	5,298	5,240	5,312	5,163	2,948	1,953
Accounts Payable	251.41	165.19	107.9	111.78	167.71	274.07
Accrued Expenses	39.52	102.1	145.44	169.42	203.95	124.23
Short-Term Debt	-	-	-	-	-	58.05
Current Income Taxes Payable	17.6	12.9	18.86	20.73	52.56	72.77
Current Unearned Revenue	29.11	19.27	21.07	14.75	58.05	20.6
Other Current Liabilities	5.81	91.41	22.31	27.52	25.22	34.28
Total Current Liabilities	343.45	390.87	315.59	344.22	507.49	584.01
Long-Term Unearned Revenue	36.75	38.19	37.72	39.88	38.76	23.68
Long-Term Deferred Tax Liabilities	19.12	17.34	10.31	4.63	15.38	5.94
Total Liabilities	399.31	446.4	363.61	388.73	561.63	613.63
Common Stock	373.33	373.33	373.33	373.33	200	200
Additional Paid-In Capital	2,268	2,268	2,268	2,268	382.45	382.45
Retained Earnings	2,492	2,389	2,340	2,111	1,776	736.21
Treasury Stock	-250.06	-250.06	-50.03	-	-	-
Comprehensive Income & Other	14.25	13.35	17.11	21.33	27.87	20.53
Shareholders' Equity	4,898	4,794	4,948	4,774	2,387	1,339
Total Liabilities & Equity	5,298	5,240	5,312	5,163	2,948	1,953
Total Debt	-	-	-	-	-	58.05
Net Cash (Debt)	2,959	3,413	4,078	3,664	1,785	679.78
Net Cash Growth	-28.67%	-16.29%	11.28%	105.31%	162.56%	42.60%
Net Cash Per Share	8.08	9.30	10.97	9.96	5.82	2.43
Filing Date Shares Outstanding	363.26	363.26	371.29	373.33	373.33	280
Total Common Shares Outstanding	363.26	363.26	371.29	373.33	280	280
Working Capital	3,180	3,513	4,279	4,222	1,945	973.62
Book Value Per Share	13.48	13.20	13.33	12.79	8.52	4.78
Tangible Book Value	4,828	4,723	4,884	4,708	2,320	1,271
Tangible Book Value Per Share	13.29	13.00	13.15	12.61	8.29	4.54
Buildings	-	313.14	168.29	155.93	144.53	133.44
Machinery	-	771.77	620.43	555.5	491.81	326.62
Construction In Progress	-	185.23	255.99	150.95	76.1	119.48

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