SHA:603444 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	4,683	4,390	2,253	2,397	2,629	2,903
Short-Term Investments	-	209.79	359.54	-	10	30.06
Trading Asset Securities	993.33	878.38	1,435	1,126	629.61	1,045
Cash & Short-Term Investments	5,677	5,478	4,048	3,523	3,268	3,978
Cash Growth	41.83%	35.33%	14.91%	7.78%	-17.85%	39.99%
Accounts Receivable	325.74	333.3	170.94	238.76	264.7	294.2
Other Receivables	22.77	17.75	34.27	5.6	8.02	31.73
Receivables	348.51	355.16	211.74	255.89	283.22	325.93
Other Current Assets	310.11	49.23	29.11	33.17	27.41	50.36
Total Current Assets	6,335	5,883	4,289	3,812	3,579	4,354
Property, Plant & Equipment	413.93	426.03	549.12	634.39	646.74	723.07
Long-Term Investments	1,830	1,852	1,740	1,785	1,844	1,694
Goodwill	3.81	3.81	3.81	3.81	3.81	3.81
Other Intangible Assets	65.22	66.15	69.91	69.77	72.14	2.28
Long-Term Deferred Tax Assets	129.31	139.59	97.14	83.26	97.19	114.19
Long-Term Deferred Charges	4.06	5.36	6.86	20.05	5.68	6.91
Other Long-Term Assets	245.11	239.43	159.37	216.8	225.66	204.76
Total Assets	9,027	8,622	6,924	6,637	6,490	7,103
Accounts Payable	326.59	24.92	13.02	22.79	13.04	7.8
Accrued Expenses	406.06	830.04	505.43	570.35	669.37	598.58
Current Portion of Long-Term Debt	7.85	-	-	-	-	-
Current Portion of Leases	-	9.25	11.73	10.8	4.15	1.81
Current Income Taxes Payable	351.13	297.31	103.63	152.43	217.01	357.26
Current Unearned Revenue	657.8	672.02	464.79	417.45	509.73	584.85
Other Current Liabilities	56.38	117.93	126.52	129.01	277.33	275.8
Total Current Liabilities	1,806	1,951	1,225	1,303	1,691	1,826
Long-Term Leases	13.3	14.56	19.88	28.13	3.61	2.11
Long-Term Unearned Revenue	0.21	0.21	0.09	0.16	0.68	1.28
Long-Term Deferred Tax Liabilities	0.01	0	0.9	0.71	3.46	0.66
Other Long-Term Liabilities	130.77	116.72	44.08	57.34	82.54	213.51
Total Liabilities	1,950	2,083	1,290	1,389	1,781	2,044
Common Stock	72.04	72.04	72.04	72.04	71.87	71.86
Additional Paid-In Capital	1,387	1,392	1,398	1,401	1,334	1,314
Retained Earnings	4,552	4,034	3,396	2,918	2,513	3,208
Treasury Stock	-52.17	-52.17	-52.17	-	-	-
Comprehensive Income & Other	46.27	64.17	87.94	73.38	59.71	-14.05
Total Common Equity	6,006	5,511	4,902	4,464	3,979	4,580
Minority Interest	1,071	1,029	731.39	783.77	730.77	479.48
Shareholders' Equity	7,077	6,539	5,633	5,248	4,710	5,060
Total Liabilities & Equity	9,027	8,622	6,924	6,637	6,490	7,103
Total Debt	21.15	23.81	31.62	38.93	7.76	3.92
Net Cash (Debt)	5,655	5,454	4,016	3,484	3,260	3,974
Net Cash Growth	42.30%	35.80%	15.29%	6.85%	-17.96%	40.19%
Net Cash Per Share	78.51	75.72	55.89	48.40	45.37	55.29
Filing Date Shares Outstanding	72.08	71.76	71.76	72.04	71.87	71.86
Total Common Shares Outstanding	72.08	71.76	71.76	72.04	71.87	71.86
Working Capital	4,529	3,931	3,064	2,509	1,888	2,528
Book Value Per Share	83.32	76.80	68.32	61.96	55.36	63.73
Tangible Book Value	5,936	5,441	4,828	4,390	3,903	4,574
Tangible Book Value Per Share	82.36	75.82	67.29	60.94	54.31	63.65
Buildings	-	635.96	723.87	776.35	782.28	819.86
Machinery	-	64.19	67.03	60.9	50.67	46.28
Construction In Progress	-	13.4	13.43	1.66	-	-

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