SHA:603535 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	388.42	237.37	424.5	304.98	906.15	238.9
Short-Term Investments	-	-	-	-	-	60.04
Trading Asset Securities	102	212.36	3.07	6.03	250.63	214.57
Cash & Short-Term Investments	490.42	449.74	427.57	311.01	1,157	513.51
Cash Growth	29.98%	5.18%	37.48%	-73.11%	125.27%	-11.22%
Accounts Receivable	524.64	546.37	634.29	525.51	489.77	435.89
Other Receivables	53.11	20.56	11.57	42.4	28.62	44.81
Receivables	577.75	566.93	645.86	567.91	518.4	480.7
Inventory	108.24	134.84	133.42	123.74	127.88	212.04
Other Current Assets	122.88	139.93	171.79	163.46	81.63	73.77
Total Current Assets	1,299	1,291	1,379	1,166	1,885	1,280
Property, Plant & Equipment	2,450	2,452	2,144	2,064	1,688	1,355
Long-Term Investments	8.44	8.12	6.95	6.71	6.14	5.73
Other Intangible Assets	356.09	358.12	366.27	214.76	220.53	181.55
Long-Term Accounts Receivable	-	19.49	25.36	-	-	-
Long-Term Deferred Tax Assets	55.63	50.43	21.84	23.11	14.91	10.68
Long-Term Deferred Charges	22.05	23.98	32.58	10.89	-	-
Other Long-Term Assets	746.1	726.37	726.77	886.88	3.72	4.23
Total Assets	4,938	4,930	4,703	4,373	3,818	2,837
Accounts Payable	536.13	629.61	464.21	627.65	524.36	481.22
Accrued Expenses	8.09	64.12	68.78	70.31	38.17	29.27
Short-Term Debt	385.18	359.53	319.95	227.51	175.26	186.79
Current Portion of Long-Term Debt	-	23.42	-	-	-	-
Current Portion of Leases	53.05	29.66	20.99	8.77	12.64	16.96
Current Income Taxes Payable	81.3	-	-	22.26	8.75	6.74
Current Unearned Revenue	4.43	5.18	11.64	10.92	3.77	9.63
Other Current Liabilities	46.64	70.91	75.97	50.72	18.55	17.57
Total Current Liabilities	1,115	1,182	961.53	1,018	781.51	748.18
Long-Term Debt	1,159	1,097	1,051	862.13	675.17	-
Long-Term Leases	37.35	42.49	89.81	1.66	11.96	24
Long-Term Unearned Revenue	18.09	18.3	19.13	19.99	20.87	22.11
Long-Term Deferred Tax Liabilities	7.13	6.43	5.17	17.88	20.67	0.24
Total Liabilities	2,337	2,347	2,127	1,920	1,510	794.53
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	126.6	127.07	127.86	127.51	126.7	14.54
Total Common Equity	2,593	2,575	2,568	2,446	2,301	2,036
Minority Interest	8.39	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	4,938	4,930	4,703	4,373	3,818	2,837
Total Debt	1,635	1,552	1,482	1,100	875.04	227.74
Net Cash (Debt)	-1,144	-1,103	-1,055	-789.06	281.74	285.77
Net Cash Growth	-	-	-	-	-1.41%	-40.51%
Net Cash Per Share	-2.26	-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	184.46	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	2,237	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	1,627	1,622	1,155	565.08
Machinery	-	65.42	57.22	52.85	49.13	47.07
Construction In Progress	-	265.7	593.52	573.16	619.58	836.57

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