SHA:603538 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	490.82	701.67	585.43	456.04	791.94	421.79
Trading Asset Securities	150.7	216.82	154.44	268.65	217.38	371.38
Cash & Short-Term Investments	641.51	918.49	739.87	724.69	1,009	793.16
Cash Growth	-5.64%	24.14%	2.09%	-28.20%	27.25%	88.83%
Accounts Receivable	335.01	378.94	331.32	320.73	187.59	222.73
Other Receivables	31.99	26.39	52.82	60.45	28.45	16.53
Receivables	367	405.33	384.14	381.19	216.04	239.26
Inventory	920.8	858.72	773.76	612.6	594.42	579.69
Prepaid Expenses	-	-	0.18	-	-	-
Other Current Assets	120.48	102.22	73.5	40.9	74.61	90.29
Total Current Assets	2,050	2,285	1,971	1,759	1,894	1,702
Property, Plant & Equipment	1,788	1,832	1,888	1,900	1,802	1,615
Long-Term Investments	384.45	384.42	327.4	315.32	300.11	319.59
Goodwill	-	-	-	-	-	22.74
Other Intangible Assets	195.59	191.5	203.4	166.23	142.73	181.92
Long-Term Deferred Tax Assets	49.34	37.99	41.16	42.67	123.18	33.27
Long-Term Deferred Charges	53.02	52.89	44.11	55.24	50.16	41.09
Other Long-Term Assets	77.45	68.5	175.59	184.34	107.01	85.81
Total Assets	4,598	4,852	4,651	4,424	4,419	4,001
Accounts Payable	459.67	511.51	508.18	390.99	345.45	220.92
Accrued Expenses	28.16	49.21	61.15	61.71	55.98	50.62
Short-Term Debt	601.27	697.48	479.06	486.72	465.28	425.87
Current Portion of Long-Term Debt	149.62	115.53	195.54	53.83	28.44	75.65
Current Portion of Leases	-	-	2.97	2.26	3.29	3.52
Current Income Taxes Payable	19.54	15.93	0.09	5.36	56.92	25.83
Current Unearned Revenue	103.13	145.49	148.88	153.09	194.92	81.06
Other Current Liabilities	53.13	49.12	190.11	224.31	211.94	263.36
Total Current Liabilities	1,415	1,584	1,586	1,378	1,362	1,147
Long-Term Debt	544.11	678.59	651.62	743.96	675.25	727.31
Long-Term Leases	11.8	11.15	12.35	15.69	30.34	28.03
Long-Term Unearned Revenue	95.44	95.26	83.18	81.48	70.57	48.67
Long-Term Deferred Tax Liabilities	33.24	27.49	21.82	13.59	103.12	67.31
Other Long-Term Liabilities	4.76	4.76	4.85	4.85	4.85	4.85
Total Liabilities	2,104	2,402	2,360	2,238	2,246	2,023
Common Stock	220.49	220.63	218.75	213.41	213.38	151.32
Additional Paid-In Capital	675.22	665.47	632.47	583.45	561.87	587.21
Retained Earnings	1,432	1,401	1,309	1,247	1,271	962.13
Treasury Stock	-28.92	-28.92	-45.67	-23.08	-31.99	-27.97
Comprehensive Income & Other	78.76	77.98	77.89	75.59	71.12	78.8
Total Common Equity	2,377	2,336	2,193	2,096	2,085	1,751
Minority Interest	116.61	115.17	98.7	89.43	88.25	227.02
Shareholders' Equity	2,494	2,451	2,291	2,186	2,173	1,979
Total Liabilities & Equity	4,598	4,852	4,651	4,424	4,419	4,001
Total Debt	1,307	1,503	1,342	1,302	1,203	1,260
Net Cash (Debt)	-665.29	-584.26	-601.66	-577.77	-193.29	-467.21
Net Cash Per Share	-2.96	-2.69	-2.79	-2.49	-0.85	-2.20
Filing Date Shares Outstanding	222.59	182.66	218.75	213.41	213.38	211.39
Total Common Shares Outstanding	222.59	182.66	218.75	213.41	213.38	211.39
Working Capital	635.28	700.5	385.49	381.11	532.16	555.58
Book Value Per Share	10.68	12.79	10.02	9.82	9.77	8.29
Tangible Book Value	2,182	2,144	1,989	1,930	1,942	1,547
Tangible Book Value Per Share	9.80	11.74	9.09	9.04	9.10	7.32
Buildings	-	-	872.69	697.36	593.92	513.49
Machinery	-	-	1,230	1,087	1,054	817.08
Construction In Progress	-	-	358.36	576.39	502.88	733.82

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