SHA:603535 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	426.65	237.37	424.5	304.98	906.15	238.9
Short-Term Investments	-	-	-	-	-	60.04
Trading Asset Securities	119.07	212.36	3.07	6.03	250.63	214.57
Cash & Short-Term Investments	545.72	449.74	427.57	311.01	1,157	513.51
Cash Growth	23.39%	5.18%	37.48%	-73.11%	125.27%	-11.22%
Accounts Receivable	588.46	546.37	634.29	525.51	489.77	435.89
Other Receivables	25.94	20.56	11.57	42.4	28.62	44.81
Receivables	614.4	566.93	645.86	567.91	518.4	480.7
Inventory	108.74	134.84	133.42	123.74	127.88	212.04
Other Current Assets	159.59	139.93	171.79	163.46	81.63	73.77
Total Current Assets	1,428	1,291	1,379	1,166	1,885	1,280
Property, Plant & Equipment	2,458	2,452	2,144	2,064	1,688	1,355
Long-Term Investments	8.94	8.12	6.95	6.71	6.14	5.73
Other Intangible Assets	354.05	358.12	366.27	214.76	220.53	181.55
Long-Term Accounts Receivable	12.99	19.49	25.36	-	-	-
Long-Term Deferred Tax Assets	60.95	50.43	21.84	23.11	14.91	10.68
Long-Term Deferred Charges	19.89	23.98	32.58	10.89	-	-
Other Long-Term Assets	726.37	726.37	726.77	886.88	3.72	4.23
Total Assets	5,070	4,930	4,703	4,373	3,818	2,837

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	638.63	629.61	464.21	627.65	524.36	481.22
Accrued Expenses	74.61	64.12	68.78	70.31	38.17	29.27
Short-Term Debt	430.89	359.53	319.95	227.51	175.26	186.79
Current Portion of Long-Term Debt	26.64	23.42	-	-	-	-
Current Portion of Leases	12.53	29.66	20.99	8.77	12.64	16.96
Current Income Taxes Payable	15.48	-	-	22.26	8.75	6.74
Current Unearned Revenue	2.69	5.18	11.64	10.92	3.77	9.63
Other Current Liabilities	62.24	70.91	75.97	50.72	18.55	17.57
Total Current Liabilities	1,264	1,182	961.53	1,018	781.51	748.18
Long-Term Debt	1,166	1,097	1,051	862.13	675.17	-
Long-Term Leases	4.21	42.49	89.81	1.66	11.96	24
Long-Term Unearned Revenue	27.98	18.3	19.13	19.99	20.87	22.11
Long-Term Deferred Tax Liabilities	7.92	6.43	5.17	17.88	20.67	0.24
Total Liabilities	2,469	2,347	2,127	1,920	1,510	794.53

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	510.92	510.92	345.21	233.25	233.25	160.86
Additional Paid-In Capital	400.34	400.34	565.97	677.88	677.86	750.25
Retained Earnings	1,555	1,536	1,529	1,407	1,263	1,110
Comprehensive Income & Other	126.25	127.07	127.86	127.51	126.7	14.54
Total Common Equity	2,592	2,575	2,568	2,446	2,301	2,036
Minority Interest	8.48	8.49	7.41	7.02	7.03	6.86
Shareholders' Equity	2,601	2,583	2,575	2,453	2,308	2,043
Total Liabilities & Equity	5,070	4,930	4,703	4,373	3,818	2,837

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	1,640	1,552	1,482	1,100	875.04	227.74
Net Cash (Debt)	-1,094	-1,103	-1,055	-789.06	281.74	285.77
Net Cash Growth	-	-	-	-	-1.41%	-40.51%
Net Cash Per Share	-2.36	-2.30	-3.05	-1.56	0.53	0.58
Filing Date Shares Outstanding	510.92	510.92	510.91	510.91	510.91	510.91
Total Common Shares Outstanding	510.92	510.92	510.91	510.91	510.91	510.91
Working Capital	164.74	108.99	417.1	147.99	1,103	531.85
Book Value Per Share	5.07	5.04	5.03	4.79	4.50	3.98
Tangible Book Value	2,238	2,217	2,202	2,231	2,080	1,854
Tangible Book Value Per Share	4.38	4.34	4.31	4.37	4.07	3.63
Buildings	2,341	2,341	1,627	1,622	1,155	565.08
Machinery	62.66	65.42	57.22	52.85	49.13	47.07
Construction In Progress	354.78	265.7	593.52	573.16	619.58	836.57