SHA:603421 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	834.62	946.32	630.29	752.06	392.84	457.73
Trading Asset Securities	1.33	1.51	1.63	2.49	2.9	-
Cash & Short-Term Investments	835.95	947.83	631.92	754.54	395.74	457.73
Cash Growth	62.77%	49.99%	-16.25%	90.67%	-13.54%	48.19%
Accounts Receivable	780.46	901.3	1,353	1,820	1,855	1,700
Other Receivables	72.11	102.33	98.58	102.04	80.26	99.85
Receivables	852.58	1,004	1,451	1,922	1,935	1,800
Inventory	551.13	565.92	887.73	1,509	1,501	1,079
Prepaid Expenses	-	-	-	-	4.55	-
Other Current Assets	34.64	25.91	46.18	112.38	192.66	175.65
Total Current Assets	2,274	2,543	3,017	4,297	4,029	3,513
Property, Plant & Equipment	1,116	1,152	1,511	1,451	1,392	1,436
Goodwill	-	-	-	27.14	27.14	27.14
Other Intangible Assets	70.77	72.05	75.19	74.88	75.13	75.96
Long-Term Deferred Tax Assets	13.15	13.39	14.56	4.92	7.32	9.99
Long-Term Deferred Charges	14.95	15.92	26.25	38.89	57.01	51.15
Other Long-Term Assets	17.9	17.45	14.86	25.73	76.05	0.29
Total Assets	3,507	3,814	4,658	5,920	5,664	5,114
Accounts Payable	299.94	418.86	635.4	1,223	1,340	1,398
Accrued Expenses	95.17	96.76	208.09	330.3	326.27	281.3
Short-Term Debt	345.07	354.76	100.35	-	100.12	15
Current Portion of Long-Term Debt	256.61	304.51	335.62	213.75	27.55	-
Current Portion of Leases	-	-	6.84	6.78	7.81	7.87
Current Income Taxes Payable	2.07	19.7	1	-	0.01	0.09
Current Unearned Revenue	38.17	29.29	36.54	85.08	72.81	65.55
Other Current Liabilities	30.41	54.68	22.01	26.58	22.19	19
Total Current Liabilities	1,067	1,279	1,346	1,886	1,896	1,787
Long-Term Debt	-	-	130	565.1	412.5	30
Long-Term Leases	1	2.4	5.98	6.19	3.65	9.74
Long-Term Unearned Revenue	1.32	1.18	0.88	0.69	0.86	-
Long-Term Deferred Tax Liabilities	28.41	28.47	35.62	42.72	26.45	34.1
Other Long-Term Liabilities	2.46	2.91	3.09	-	-	-
Total Liabilities	1,101	1,314	1,521	2,500	2,340	1,861
Common Stock	652.19	652.19	652.19	652.19	652.19	653.19
Additional Paid-In Capital	975.55	975.55	975.55	975.55	975.55	985.6
Retained Earnings	778.98	872.67	1,509	1,791	1,696	1,625
Treasury Stock	-	-	-	-	-	-11.05
Total Common Equity	2,407	2,500	3,137	3,419	3,324	3,253
Shareholders' Equity	2,407	2,500	3,137	3,419	3,324	3,253
Total Liabilities & Equity	3,507	3,814	4,658	5,920	5,664	5,114
Total Debt	602.67	661.67	578.79	791.83	551.63	62.61
Net Cash (Debt)	233.28	286.16	53.13	-37.29	-155.9	395.12
Net Cash Growth	-	438.63%	-	-	-	56.24%
Net Cash Per Share	0.36	0.44	0.08	-0.06	-0.24	0.61
Filing Date Shares Outstanding	669.19	658.21	652.19	652.19	652.19	653.19
Total Common Shares Outstanding	669.19	658.21	652.19	652.19	652.19	653.19
Working Capital	1,207	1,265	1,671	2,412	2,133	1,726
Book Value Per Share	3.60	3.80	4.81	5.24	5.10	4.98
Tangible Book Value	2,336	2,428	3,062	3,317	3,222	3,150
Tangible Book Value Per Share	3.49	3.69	4.69	5.09	4.94	4.82
Buildings	-	-	811.56	811.56	811.56	811.56
Machinery	-	-	1,337	1,131	937.09	821.98
Construction In Progress	-	-	226.96	248.61	272.32	302.74

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