SHA:603477 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	712.78	756.41	576.86	445.82	880.72	544
Trading Asset Securities	-	-	0.66	-	-	-
Cash & Short-Term Investments	712.78	756.41	577.52	445.82	880.72	544
Cash Growth	15.82%	30.97%	29.54%	-49.38%	61.90%	11.27%
Accounts Receivable	75.78	65.11	91.25	47.29	113.06	120.54
Other Receivables	17.15	10.84	12.34	10.67	23.44	21.53
Receivables	92.93	75.95	103.59	57.97	136.51	142.07
Inventory	2,453	2,593	2,093	1,532	1,440	1,326
Prepaid Expenses	-	12.77	10.26	8.97	1.67	2.39
Other Current Assets	154.46	129.15	79.98	67.1	74.2	102.43
Total Current Assets	3,413	3,568	2,864	2,111	2,533	2,117
Property, Plant & Equipment	4,984	5,222	5,091	4,825	3,807	3,044
Long-Term Investments	23.26	23.63	23.28	14.11	14.11	14.11
Goodwill	580.01	580.12	580.6	581.12	610.36	611.2
Other Intangible Assets	82.43	84.14	87.82	99.07	107.51	112.04
Long-Term Accounts Receivable	-	27.85	22.72	17.43	13.18	6.54
Long-Term Deferred Tax Assets	47.33	45.67	44.95	41.99	43.42	32.98
Long-Term Deferred Charges	37.76	26.53	13.95	4.75	8.12	9.21
Other Long-Term Assets	78.49	50.02	36.12	25.66	117.86	68.6
Total Assets	9,246	9,628	8,764	7,721	7,254	6,016
Accounts Payable	893.31	912.17	571.34	404.56	398.98	452.68
Accrued Expenses	87.08	419.24	302.89	196.53	229.92	128.57
Short-Term Debt	1,623	1,435	1,108	1,173	512.8	715.14
Current Portion of Long-Term Debt	722.46	306.01	547.74	230.99	635.72	29.43
Current Portion of Leases	-	383.49	344.62	173.87	140.14	78.98
Current Income Taxes Payable	7.2	3.28	3.87	3.94	2.36	4.71
Current Unearned Revenue	46.44	27.58	19.26	20.67	19.47	23.22
Other Current Liabilities	1,023	910.91	655.08	571.55	259.17	285.66
Total Current Liabilities	4,402	4,397	3,553	2,775	2,199	1,718
Long-Term Debt	1,508	1,557	1,232	1,363	994.72	689.26
Long-Term Leases	504.75	485.5	613.18	457.08	325.27	256.94
Long-Term Unearned Revenue	18.84	19.23	17.17	14.97	14.13	12.95
Long-Term Deferred Tax Liabilities	3.65	3.76	4.23	4.76	5.41	6.24
Other Long-Term Liabilities	15.79	15.55	6.03	5.55	5.53	4.27
Total Liabilities	6,453	6,478	5,426	4,621	3,544	2,688
Common Stock	510.07	510.07	510.07	509.45	506.09	506.09
Additional Paid-In Capital	2,302	2,302	2,302	2,285	2,210	2,210
Retained Earnings	154.36	510.78	565.99	47.44	708.93	577.16
Treasury Stock	-430.91	-430.91	-297.16	-	-	-
Comprehensive Income & Other	220.91	220.7	219.85	225.63	245.78	-4.71
Total Common Equity	2,756	3,112	3,301	3,068	3,671	3,289
Minority Interest	37.3	37.21	38.07	32.16	39.12	38.8
Shareholders' Equity	2,794	3,150	3,339	3,100	3,710	3,328
Total Liabilities & Equity	9,246	9,628	8,764	7,721	7,254	6,016
Total Debt	4,358	4,167	3,846	3,399	2,609	1,770
Net Cash (Debt)	-3,645	-3,410	-3,268	-2,953	-1,728	-1,226
Net Cash Per Share	-7.24	-6.74	-6.42	-5.83	-3.40	-2.52
Filing Date Shares Outstanding	487.75	487.75	510.07	509.46	506.09	506.09
Total Common Shares Outstanding	487.75	487.75	510.07	509.46	506.09	506.09
Working Capital	-988.76	-829.61	-689.24	-663.93	334.15	398.73
Book Value Per Share	5.65	6.38	6.47	6.02	7.25	6.50
Tangible Book Value	2,094	2,448	2,632	2,387	2,953	2,566
Tangible Book Value Per Share	4.29	5.02	5.16	4.69	5.84	5.07
Buildings	-	3,082	3,007	2,917	1,563	1,337
Machinery	-	1,772	1,672	1,590	966.82	875.86
Construction In Progress	-	448.9	395.6	352.98	1,110	846.89

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