SHA:603439 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	200.33	389.42	476.07	571.37	570.88	544.22
Trading Asset Securities	175.96	19.93	22.95	51.5	59.91	98
Cash & Short-Term Investments	376.3	409.34	499.02	622.87	630.79	642.22
Cash Growth	-10.24%	-17.97%	-19.89%	-1.26%	-1.78%	10.72%
Accounts Receivable	878.55	858.34	932.12	682.86	432.82	312.8
Other Receivables	2.54	3.02	2.53	3.32	2.18	51.41
Receivables	881.08	861.35	934.65	686.18	435.01	364.21
Inventory	207.19	222.42	320.72	175.72	98.08	88.57
Other Current Assets	34.23	36.47	43.59	8.69	8.18	4.55
Total Current Assets	1,499	1,530	1,798	1,493	1,172	1,100
Property, Plant & Equipment	543.04	545.57	585.15	615.13	237.4	157.91
Long-Term Investments	89.39	89.6	22.55	10.08	129.77	119.13
Goodwill	432.63	432.63	554.61	554.61	161.66	-
Other Intangible Assets	189.62	194.28	216.13	235.23	107.3	20.38
Long-Term Deferred Tax Assets	17.2	15.79	15.13	11.08	6.89	5.12
Long-Term Deferred Charges	0.57	0.66	0.56	0.86	1.54	2.9
Other Long-Term Assets	39.47	39.81	-	-	-	-
Total Assets	2,811	2,848	3,192	2,920	1,817	1,405
Accounts Payable	111.64	112.29	342.73	247.98	165.26	98.84
Accrued Expenses	12.55	34.01	67.33	39.48	31.33	16.59
Short-Term Debt	498.32	548.67	351.52	255.32	205	200
Current Portion of Long-Term Debt	60.02	59.91	45.15	45.22	-	-
Current Portion of Leases	-	-	0.5	0.15	0.5	-
Current Income Taxes Payable	40.45	55.3	13.84	12.77	10.91	9.4
Current Unearned Revenue	4.17	5.47	7.79	8.17	78.96	5.83
Other Current Liabilities	226.75	221.53	405.59	229.92	56.72	29.76
Total Current Liabilities	953.89	1,037	1,234	839.01	548.68	360.42
Long-Term Debt	149.5	149.72	209.3	254.15	-	-
Long-Term Leases	-	0.03	0.21	0.17	0.17	-
Long-Term Unearned Revenue	38.17	39.19	42.97	35.97	12.5	12.5
Long-Term Deferred Tax Liabilities	21.14	21.99	25.5	28.88	6.94	-
Other Long-Term Liabilities	87.35	87.59	85.04	52.92	10.1	-
Total Liabilities	1,250	1,336	1,597	1,211	578.4	372.93
Common Stock	408.93	408.93	409.8	409.86	410.86	410.86
Additional Paid-In Capital	156.47	153.26	149.04	225.12	229.69	223.39
Retained Earnings	1,022	977.75	1,069	876.75	625.04	423.75
Treasury Stock	-94.35	-94.35	-100.64	-41.43	-26.55	-26.55
Total Common Equity	1,493	1,446	1,527	1,470	1,239	1,031
Minority Interest	67.46	66.63	67.29	239.04	-0.82	0.61
Shareholders' Equity	1,561	1,512	1,595	1,709	1,238	1,032
Total Liabilities & Equity	2,811	2,848	3,192	2,920	1,817	1,405
Total Debt	707.84	758.32	606.68	555.02	205.67	200
Net Cash (Debt)	-331.54	-348.98	-107.67	67.86	425.12	442.22
Net Cash Growth	-	-	-	-84.04%	-3.87%	16.36%
Net Cash Per Share	-0.80	-0.83	-0.26	0.16	1.03	1.07
Filing Date Shares Outstanding	403.74	470.17	405.61	408.25	410.86	410.86
Total Common Shares Outstanding	403.74	470.17	405.61	408.25	410.86	410.86
Working Capital	544.91	492.42	563.53	654.46	623.38	739.12
Book Value Per Share	3.70	3.07	3.77	3.60	3.02	2.51
Tangible Book Value	870.96	818.69	756.61	680.48	970.09	1,011
Tangible Book Value Per Share	2.16	1.74	1.87	1.67	2.36	2.46
Buildings	-	-	543.28	549.09	181.14	152.85
Machinery	-	-	351.45	344.91	103.27	58.44
Construction In Progress	-	-	-	0.04	48.59	4.17

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