SHA:603499 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	129.57	106.81	73.91	69.96	111.94	93.75
Cash & Short-Term Investments	129.57	106.81	73.91	69.96	111.94	93.75
Cash Growth	62.22%	44.51%	5.65%	-37.51%	19.40%	-42.05%
Accounts Receivable	347.14	339.24	330.47	249.42	236.09	250.92
Other Receivables	19.62	15.79	16.16	23.86	33.3	17.31
Receivables	366.76	355.03	346.63	273.28	269.4	268.23
Inventory	107.88	99.11	105.56	95.91	92.05	101.83
Other Current Assets	13.18	12.38	24.87	29.77	25.57	25.12
Total Current Assets	617.39	573.34	550.97	468.91	498.95	488.94
Property, Plant & Equipment	554.28	564.72	527.26	478.96	455.4	437.01
Long-Term Investments	256.14	256.04	255.71	3.02	-	-
Goodwill	19.62	19.62	19.62	19.62	19.62	19.62
Other Intangible Assets	72.41	73.08	75.41	77.74	80.28	81.87
Long-Term Accounts Receivable	-	-	-	-	-	0.09
Long-Term Deferred Tax Assets	6.04	9.46	21.76	28.28	23.56	9.42
Long-Term Deferred Charges	62.43	60.02	64.69	55.23	55.1	31.79
Other Long-Term Assets	26.81	25.67	34.58	43.12	59.08	68.24
Total Assets	1,615	1,582	1,550	1,175	1,192	1,137
Accounts Payable	202.99	194.93	206.45	147	168.71	173.74
Accrued Expenses	18.17	20.27	18.06	40.43	46.16	27.12
Short-Term Debt	203.85	188.81	186.59	61.18	37.99	35
Current Portion of Long-Term Debt	32.02	43.69	117.3	11.81	14.29	11.02
Current Portion of Leases	-	-	-	6.95	6.93	9.79
Current Income Taxes Payable	6.48	8.6	6.34	-	0.04	0.01
Current Unearned Revenue	3.07	3.31	1.99	2.35	7.55	4.86
Other Current Liabilities	59.19	60.28	50.33	26.39	24.66	18.79
Total Current Liabilities	525.78	519.89	587.06	296.12	306.33	280.33
Long-Term Debt	28.53	29.45	23.15	193.29	213.35	190.35
Long-Term Leases	42.98	46.8	54.48	38.51	43.39	55.07
Long-Term Unearned Revenue	23.35	24.15	9.58	6.83	0.54	0.89
Long-Term Deferred Tax Liabilities	-	-	0	-	-	0.32
Total Liabilities	620.64	620.29	674.28	534.74	563.61	526.96
Common Stock	302.59	302.59	216.14	201.17	201.15	201.18
Additional Paid-In Capital	327.46	327.46	413.92	237.78	237.62	237.64
Retained Earnings	295.72	265.11	192.06	132.82	133.18	119.51
Treasury Stock	-	-	-	-	-	-0.42
Comprehensive Income & Other	-0.15	-0.07	0.02	28.55	28.56	28.55
Total Common Equity	925.63	895.1	822.14	600.31	600.51	586.46
Minority Interest	68.85	66.55	53.58	39.84	27.88	23.56
Shareholders' Equity	994.49	961.65	875.72	640.15	628.39	610.03
Total Liabilities & Equity	1,615	1,582	1,550	1,175	1,192	1,137
Total Debt	307.38	308.74	381.52	311.74	315.94	301.23
Net Cash (Debt)	-177.81	-201.93	-307.61	-241.78	-204	-207.48
Net Cash Per Share	-0.58	-0.66	-1.04	-0.90	-0.75	-0.72
Filing Date Shares Outstanding	302.54	316.09	302.59	281.63	281.61	281.65
Total Common Shares Outstanding	302.54	316.09	302.59	281.63	281.61	281.65
Working Capital	91.6	53.45	-36.09	172.79	192.62	208.6
Book Value Per Share	3.06	2.83	2.72	2.13	2.13	2.08
Tangible Book Value	833.6	802.4	727.1	502.95	500.61	484.97
Tangible Book Value Per Share	2.76	2.54	2.40	1.79	1.78	1.72
Buildings	-	-	-	191.69	184.76	179.66
Machinery	-	-	-	490.74	428.21	350.4
Construction In Progress	-	-	-	15.04	17.9	31.38

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