SHA:603391 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	303.41	311.88	442.05	333.38	377.28	246.46
Short-Term Investments	353.44	705.99	424.65	43.69	5.31	4.91
Trading Asset Securities	-	100	51.94	53.56	61.99	23.01
Cash & Short-Term Investments	656.84	1,118	918.64	430.63	444.58	274.38
Cash Growth	36.56%	21.69%	113.32%	-3.14%	62.03%	-32.82%
Accounts Receivable	363.92	444.16	278.68	271.52	179.38	241.04
Other Receivables	4.32	4.2	5.61	6.92	0.3	0.21
Receivables	368.24	448.37	284.29	278.44	180.52	242.79
Inventory	494.92	452.31	481.68	577.44	639.18	537.03
Other Current Assets	474.15	74.31	71.62	107.58	115.73	89.31
Total Current Assets	1,994	2,093	1,756	1,394	1,380	1,144
Property, Plant & Equipment	608.58	604.31	521.49	364	291.41	231.62
Long-Term Investments	442.61	343.69	502.69	300.05	155.19	102.95
Other Intangible Assets	194.93	196.08	166.77	104.72	122.87	81.29
Long-Term Deferred Tax Assets	34.87	34.64	28.78	39.93	41.06	37.89
Long-Term Deferred Charges	1.76	2.34	-	-	-	-
Other Long-Term Assets	1.36	88.41	98.15	59.08	0.65	0.19
Total Assets	3,278	3,362	3,074	2,262	1,991	1,597
Accounts Payable	132.6	158.15	151.69	117.75	89.63	70.57
Accrued Expenses	14.05	76.63	64.51	62.74	72.81	67.7
Short-Term Debt	-	-	-	18.02	98.11	144.68
Current Portion of Long-Term Debt	-	16.85	0.03	13.6	5.46	-
Current Portion of Leases	-	0.14	-	0.16	0.15	0.41
Current Income Taxes Payable	20.15	31.48	9.71	26.06	23.03	28.25
Current Unearned Revenue	579.31	549.01	558.18	729.44	779.42	619.02
Other Current Liabilities	31.17	22.82	25.43	25.49	18.6	22.61
Total Current Liabilities	777.28	855.07	809.57	993.25	1,087	953.25
Long-Term Debt	37.75	104.43	31.38	59.48	38.24	-
Long-Term Leases	0.14	0.16	0.28	0.28	0.45	0.08
Long-Term Unearned Revenue	82.11	82.96	57.49	38.09	17.36	10.4
Long-Term Deferred Tax Liabilities	4.08	4.06	3.24	4.21	2.7	0
Other Long-Term Liabilities	105.6	48.79	41.56	71.7	43.87	25.04
Total Liabilities	1,007	1,095	943.53	1,167	1,190	988.76
Common Stock	91	91	91	68.25	68.25	68.25
Additional Paid-In Capital	1,276	1,275	1,255	419.79	395.88	371.97
Retained Earnings	882.99	879.25	767.09	589.73	321.44	157.94
Comprehensive Income & Other	18.82	18.85	17.51	17.09	15.8	10.53
Total Common Equity	2,269	2,265	2,131	1,095	801.37	608.69
Minority Interest	2.31	2.3	-	-	-	-
Shareholders' Equity	2,271	2,267	2,131	1,095	801.37	608.69
Total Liabilities & Equity	3,278	3,362	3,074	2,262	1,991	1,597
Total Debt	37.89	121.58	31.7	91.55	142.41	145.17
Net Cash (Debt)	618.95	996.29	886.94	339.08	302.17	129.21
Net Cash Growth	50.75%	12.33%	161.57%	12.21%	133.86%	-62.31%
Net Cash Per Share	6.74	10.94	11.43	4.97	4.44	1.89
Filing Date Shares Outstanding	91	91	91	91	68.13	68.25
Total Common Shares Outstanding	91	91	91	68.25	68.13	68.25
Working Capital	1,217	1,238	946.66	400.84	292.8	190.27
Book Value Per Share	24.93	24.89	23.41	16.04	11.76	8.92
Tangible Book Value	2,074	2,068	1,964	990.14	678.5	527.4
Tangible Book Value Per Share	22.79	22.73	21.58	14.51	9.96	7.73
Buildings	-	531.22	392.93	222.82	244.64	164.71
Machinery	-	252.05	182.09	156.39	145.72	100.95
Construction In Progress	-	1.26	87.09	100.38	-	45.62