SHA:603505 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	540.22	545.68	386.65	231.35	292.02	290.47
Cash & Short-Term Investments	540.22	545.68	386.65	231.35	292.02	290.47
Cash Growth	18.48%	41.13%	67.13%	-20.78%	0.53%	5.56%
Accounts Receivable	1,320	1,384	955.49	741.18	336.74	361.24
Other Receivables	4.33	3.42	3.76	3.41	5.09	1.62
Receivables	1,324	1,387	959.25	744.59	341.84	362.86
Inventory	949.35	852	859.01	443.56	122.8	105.43
Other Current Assets	119.46	172.49	156.99	196.85	61.19	40.68
Total Current Assets	2,933	2,958	2,362	1,616	817.85	799.43
Property, Plant & Equipment	3,294	3,297	3,073	2,582	1,611	886.01
Long-Term Investments	828.44	531.2	359.32	191.61	88.69	39.83
Other Intangible Assets	698.19	701.31	747.11	572.93	522.87	441.17
Long-Term Deferred Tax Assets	61.94	66.15	44.27	15.5	6.5	21.47
Long-Term Deferred Charges	3.07	0.09	0.19	0.27	0.27	-
Other Long-Term Assets	21.35	17.01	67.7	34.62	11.64	6.94
Total Assets	7,841	7,570	6,653	5,014	3,059	2,195
Accounts Payable	1,445	1,415	1,230	449.37	97.66	69.41
Accrued Expenses	24.99	42.78	71.3	62.34	55.66	57.03
Short-Term Debt	1,660	1,425	921.96	583.2	411.17	203.12
Current Portion of Long-Term Debt	826.66	559.32	490.04	250.06	20.33	152.15
Current Portion of Leases	-	-	1.19	2.8	3.61	1.86
Current Income Taxes Payable	51.82	71.01	32.2	42.68	21.91	27.05
Current Unearned Revenue	20.66	13.15	10.92	5.86	5.02	2.69
Other Current Liabilities	20.72	23.07	364.51	400.61	242.34	129.91
Total Current Liabilities	4,049	3,550	3,122	1,797	857.69	643.24
Long-Term Debt	1,223	1,529	1,322	1,044	549.42	124.01
Long-Term Leases	8.87	9.57	-	0.78	3.65	3.02
Long-Term Unearned Revenue	33.4	31.49	31.96	31.52	34.97	49.79
Long-Term Deferred Tax Liabilities	6.69	6.04	8.18	9.78	11.59	10.68
Other Long-Term Liabilities	19.78	19.67	18.43	16.15	15	15.03
Total Liabilities	5,341	5,145	4,503	2,899	1,472	845.77
Common Stock	841.67	841.67	604.77	604.77	434.83	311.6
Additional Paid-In Capital	3.57	3.19	66.37	65.42	84.84	99.77
Retained Earnings	1,125	1,064	1,092	1,076	967.26	942.12
Treasury Stock	-53.16	-53.16	-146.75	-93.6	-115.22	-48.39
Comprehensive Income & Other	-20.44	-21.33	-20.82	-19.06	-18.58	-18.18
Total Common Equity	1,897	1,834	1,596	1,633	1,353	1,287
Minority Interest	603.53	590.74	555	481.65	233.09	62.16
Shareholders' Equity	2,500	2,425	2,151	2,115	1,586	1,349
Total Liabilities & Equity	7,841	7,570	6,653	5,014	3,059	2,195
Total Debt	3,718	3,523	2,735	1,880	988.17	484.17
Net Cash (Debt)	-3,178	-2,977	-2,349	-1,649	-696.15	-193.7
Net Cash Per Share	-3.76	-3.56	-2.81	-1.96	-0.83	-0.23
Filing Date Shares Outstanding	875.14	816.57	839.53	842.52	845.31	844.23
Total Common Shares Outstanding	875.14	816.57	839.53	842.52	845.31	850.41
Working Capital	-1,116	-592.02	-760.37	-180.56	-39.84	156.19
Book Value Per Share	2.17	2.25	1.90	1.94	1.60	1.51
Tangible Book Value	1,198	1,133	848.52	1,060	830.24	845.75
Tangible Book Value Per Share	1.37	1.39	1.01	1.26	0.98	0.99
Buildings	-	-	1,268	996.62	497.94	450.8
Machinery	-	-	1,491	866.86	368.13	343.71
Construction In Progress	-	-	603.2	869.12	803.63	84.15

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