SHA:603444 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	4,390	2,253	2,397	2,629	2,903
Short-Term Investments	209.79	359.54	-	10	30.06
Trading Asset Securities	878.38	1,435	1,126	629.61	1,045
Cash & Short-Term Investments	5,478	4,048	3,523	3,268	3,978
Cash Growth	35.33%	14.91%	7.78%	-17.85%	39.99%
Accounts Receivable	333.3	170.94	238.76	264.7	294.2
Other Receivables	17.75	34.27	5.6	8.02	31.73
Receivables	355.16	211.74	255.89	283.22	325.93
Other Current Assets	49.23	29.11	33.17	27.41	50.36
Total Current Assets	5,883	4,289	3,812	3,579	4,354
Property, Plant & Equipment	426.03	549.12	634.39	646.74	723.07
Long-Term Investments	1,852	1,740	1,785	1,844	1,694
Goodwill	3.81	3.81	3.81	3.81	3.81
Other Intangible Assets	66.15	69.91	69.77	72.14	2.28
Long-Term Deferred Tax Assets	139.59	97.14	83.26	97.19	114.19
Long-Term Deferred Charges	5.36	6.86	20.05	5.68	6.91
Other Long-Term Assets	239.43	159.37	216.8	225.66	204.76
Total Assets	8,622	6,924	6,637	6,490	7,103
Accounts Payable	24.92	13.02	22.79	13.04	7.8
Accrued Expenses	830.04	505.43	570.35	669.37	598.58
Current Portion of Leases	9.25	11.73	10.8	4.15	1.81
Current Income Taxes Payable	297.31	103.63	152.43	217.01	357.26
Current Unearned Revenue	672.02	464.79	417.45	509.73	584.85
Other Current Liabilities	117.93	126.52	129.01	277.33	275.8
Total Current Liabilities	1,951	1,225	1,303	1,691	1,826
Long-Term Leases	14.56	19.88	28.13	3.61	2.11
Long-Term Unearned Revenue	0.21	0.09	0.16	0.68	1.28
Long-Term Deferred Tax Liabilities	0	0.9	0.71	3.46	0.66
Other Long-Term Liabilities	116.72	44.08	57.34	82.54	213.51
Total Liabilities	2,083	1,290	1,389	1,781	2,044
Common Stock	72.04	72.04	72.04	71.87	71.86
Additional Paid-In Capital	1,392	1,398	1,401	1,334	1,314
Retained Earnings	4,034	3,396	2,918	2,513	3,208
Treasury Stock	-52.17	-52.17	-	-	-
Comprehensive Income & Other	64.17	87.94	73.38	59.71	-14.05
Total Common Equity	5,511	4,902	4,464	3,979	4,580
Minority Interest	1,029	731.39	783.77	730.77	479.48
Shareholders' Equity	6,539	5,633	5,248	4,710	5,060
Total Liabilities & Equity	8,622	6,924	6,637	6,490	7,103
Total Debt	23.81	31.62	38.93	7.76	3.92
Net Cash (Debt)	5,454	4,016	3,484	3,260	3,974
Net Cash Growth	35.80%	15.29%	6.85%	-17.96%	40.19%
Net Cash Per Share	75.72	55.89	48.40	45.37	55.29
Filing Date Shares Outstanding	71.76	71.76	72.04	71.87	71.86
Total Common Shares Outstanding	71.76	71.76	72.04	71.87	71.86
Working Capital	3,931	3,064	2,509	1,888	2,528
Book Value Per Share	76.80	68.32	61.96	55.36	63.73
Tangible Book Value	5,441	4,828	4,390	3,903	4,574
Tangible Book Value Per Share	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	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.