SHA:603528 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	291.84	553.87	675.97	773.99	625.87	613.09
Trading Asset Securities	752.92	535.61	469.98	335.44	501.06	421.36
Cash & Short-Term Investments	1,045	1,089	1,146	1,109	1,127	1,034
Cash Growth	-8.43%	-4.93%	3.29%	-1.55%	8.94%	-16.26%
Accounts Receivable	221.76	257.15	309.26	332.04	381.46	395.86
Other Receivables	15.05	13.82	23.86	33.23	42.32	29.77
Receivables	236.82	270.97	333.12	365.28	423.78	425.62
Inventory	132.82	124.58	129.38	193.02	250.34	227.12
Other Current Assets	37.49	17.32	20.69	16.46	15.94	31.8
Total Current Assets	1,452	1,502	1,629	1,684	1,817	1,719
Property, Plant & Equipment	368.1	381.75	408.7	463.29	590.89	681.05
Long-Term Investments	211.34	170.93	112.66	155.42	131.52	136.42
Goodwill	25.5	25.5	40.32	54.81	162.44	164.02
Other Intangible Assets	107.31	108.52	113.56	119.71	108.47	113.1
Long-Term Deferred Tax Assets	90.77	88.08	75.4	47.23	69.18	57.95
Long-Term Deferred Charges	37.99	39.76	46.53	55.39	73.16	63.23
Other Long-Term Assets	5.38	4.77	1.96	3.67	5.09	7.47
Total Assets	2,298	2,322	2,428	2,584	2,958	2,942
Accounts Payable	139.51	142.94	153.29	178.82	206.84	191.79
Accrued Expenses	44.24	51.23	65.53	70.31	75.36	59.68
Short-Term Debt	-	-	-	-	-	2.65
Current Portion of Long-Term Debt	13.3	14.71	-	-	1.05	2.84
Current Portion of Leases	-	-	18.15	24.57	35.16	32.13
Current Income Taxes Payable	17.71	18.5	5.22	5.29	15.91	6.55
Current Unearned Revenue	54.63	53.98	65.3	111.86	137.26	171.45
Other Current Liabilities	56.43	46.27	35.57	38.75	45.23	69.92
Total Current Liabilities	325.82	327.63	343.06	429.61	516.81	537.01
Long-Term Debt	-	-	-	-	568.02	538.16
Long-Term Leases	36.83	35.14	43.26	70.15	112.08	148.84
Long-Term Unearned Revenue	4.4	4.58	7.94	13.38	12.72	11.63
Long-Term Deferred Tax Liabilities	2.23	2.25	2.5	2.96	2.98	2.97
Other Long-Term Liabilities	-	-	-	-	6.53	5.92
Total Liabilities	369.28	369.61	396.76	516.1	1,219	1,245
Common Stock	705.93	705.93	705.93	705.93	624.12	626.53
Additional Paid-In Capital	881.05	881.05	872.31	868.41	202.86	210.88
Retained Earnings	322.92	343.1	407.87	401.55	677.15	626.18
Treasury Stock	-30.5	-30.5	-30.5	-	-	-10.71
Comprehensive Income & Other	-	-	-	-	132.87	132.88
Total Common Equity	1,879	1,900	1,956	1,976	1,637	1,586
Minority Interest	49.59	52.47	75.9	91.72	101.59	111.94
Shareholders' Equity	1,929	1,952	2,032	2,068	1,739	1,698
Total Liabilities & Equity	2,298	2,322	2,428	2,584	2,958	2,942
Total Debt	50.13	49.86	61.41	94.72	716.31	724.62
Net Cash (Debt)	994.63	1,040	1,085	1,015	410.62	309.83
Net Cash Growth	-8.02%	-4.14%	6.88%	147.12%	32.53%	-57.44%
Net Cash Per Share	1.47	1.54	1.54	1.63	0.66	0.50
Filing Date Shares Outstanding	705.34	602.7	700.94	705.93	624.12	622.64
Total Common Shares Outstanding	705.34	602.7	700.94	705.93	624.12	622.64
Working Capital	1,126	1,175	1,286	1,255	1,300	1,182
Book Value Per Share	2.66	3.15	2.79	2.80	2.62	2.55
Tangible Book Value	1,747	1,766	1,802	1,801	1,366	1,309
Tangible Book Value Per Share	2.48	2.93	2.57	2.55	2.19	2.10
Buildings	-	-	376.18	376.53	385.12	347.94
Machinery	-	-	285.48	304.48	322.26	304.06
Construction In Progress	-	-	28.7	7.71	12.89	63.45

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