SHA:603351 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	433.46	423.87	247.2	157.55	99.83	66.26
Trading Asset Securities	5	-	-	1.25	1.11	26.24
Cash & Short-Term Investments	438.46	423.87	247.2	158.8	100.93	92.5
Cash Growth	80.15%	71.47%	55.67%	57.33%	9.12%	-66.03%
Accounts Receivable	273.52	251.26	238.39	240.02	168.79	203.98
Other Receivables	2.79	4.56	4.4	4.9	5.85	2.39
Receivables	276.3	255.82	242.79	244.92	174.64	206.37
Inventory	196.37	206.11	202.02	170.58	165.13	142.44
Other Current Assets	48.81	20.35	25.19	25.13	29.58	23.38
Total Current Assets	959.95	906.15	717.21	599.42	470.29	464.69
Property, Plant & Equipment	1,416	1,432	1,449	1,499	1,482	1,212
Long-Term Investments	116.83	116.83	83.41	71.29	68.79	40
Other Intangible Assets	106.93	107.68	111.91	98.37	93.53	77.48
Long-Term Deferred Tax Assets	6.08	4.89	6.9	9.25	5.98	11.69
Long-Term Deferred Charges	0.69	0.75	0.28	0.35	1.33	2.43
Other Long-Term Assets	21.89	25.95	12.25	1.23	16.58	33.42
Total Assets	2,628	2,594	2,381	2,279	2,138	1,841
Accounts Payable	101.26	112.43	98.76	105.82	124.54	144.34
Accrued Expenses	10.32	33.81	34.81	31.6	35.7	21.13
Short-Term Debt	496.5	476.33	376.2	362.22	360.45	171.19
Current Portion of Long-Term Debt	28.49	31.81	50.39	11.9	1.55	11.41
Current Portion of Leases	-	-	7.34	8.77	7.67	3.69
Current Income Taxes Payable	15.25	8.31	4.58	6.83	8.44	0.39
Current Unearned Revenue	12.83	6.43	5.4	7.98	9.09	16.3
Other Current Liabilities	26.52	26.54	18.43	22.62	32.58	54.25
Total Current Liabilities	691.18	695.66	595.9	557.75	580.02	422.7
Long-Term Debt	52	52	35	85.3	40	-
Long-Term Leases	14.52	14.54	12.32	18.76	16.38	13.6
Long-Term Unearned Revenue	11.44	11.61	13.88	12.71	6.5	6.74
Long-Term Deferred Tax Liabilities	18.16	17.2	15.62	11.7	12.85	12.98
Total Liabilities	787.3	791.01	672.72	686.22	655.76	456.01
Common Stock	135.44	135.44	135.44	135.44	135.48	135.48
Additional Paid-In Capital	939.81	939.81	942.9	941.36	930.15	907.52
Retained Earnings	757.85	720.21	623.42	517.63	443.36	388.98
Treasury Stock	-	-	-	-12.79	-28.7	-49.27
Comprehensive Income & Other	1.2	-	0.16	2.79	-	-
Total Common Equity	1,834	1,795	1,702	1,584	1,480	1,383
Minority Interest	6.6	7.38	6.27	8.26	2.11	2.71
Shareholders' Equity	1,841	1,803	1,708	1,593	1,482	1,385
Total Liabilities & Equity	2,628	2,594	2,381	2,279	2,138	1,841
Total Debt	591.52	574.67	481.25	486.96	426.06	199.89
Net Cash (Debt)	-153.06	-150.81	-234.05	-328.16	-325.13	-107.39
Net Cash Per Share	-1.13	-1.11	-1.73	-2.43	-2.43	-0.81
Filing Date Shares Outstanding	134.41	136.66	135.44	135.44	135.48	135.48
Total Common Shares Outstanding	134.41	136.66	135.44	135.44	135.48	135.48
Working Capital	268.77	210.49	121.3	41.67	-109.74	42
Book Value Per Share	13.65	13.14	12.57	11.70	10.93	10.21
Tangible Book Value	1,727	1,688	1,590	1,486	1,387	1,305
Tangible Book Value Per Share	12.85	12.35	11.74	10.97	10.24	9.63
Buildings	-	-	570.61	426.51	276.49	213.79
Machinery	-	-	1,167	883.91	616	551.21
Construction In Progress	-	-	128.71	494.95	835.2	643.27

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