SHA:603577 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	220.29	304.74	182.72	495.22	413.03	393.05
Short-Term Investments	-	-	-	-	-	0.17
Trading Asset Securities	37.56	13	-	90.92	-	10.05
Cash & Short-Term Investments	257.86	317.74	182.72	586.15	413.03	403.27
Cash Growth	16.40%	73.90%	-68.83%	41.91%	2.42%	292.03%
Accounts Receivable	2,940	3,182	3,046	2,518	2,215	1,719
Other Receivables	12.66	11.55	9.18	7.92	10.08	15
Receivables	2,952	3,193	3,055	2,526	2,225	1,734
Inventory	1,274	1,191	955.25	1,271	1,473	1,484
Prepaid Expenses	-	-	0	0.08	4.11	1.81
Other Current Assets	78.9	66.99	79.33	120.77	266.6	77.32
Total Current Assets	4,563	4,769	4,273	4,504	4,382	3,700
Property, Plant & Equipment	1,005	1,028	1,126	1,149	1,005	754.17
Long-Term Investments	0.5	0.5	-	-	-	-
Goodwill	112.12	112.12	112.12	112.12	137.67	137.67
Other Intangible Assets	287.51	289.55	293.05	293.48	299	232.86
Long-Term Accounts Receivable	-	-	-	-	-	0.23
Long-Term Deferred Tax Assets	48.48	46.41	46.16	60.27	44.64	34.32
Long-Term Deferred Charges	1.77	1.64	1.3	3.21	4.96	3.37
Other Long-Term Assets	10.52	9.61	7.77	33.61	62.07	73.42
Total Assets	6,029	6,257	5,859	6,156	5,935	4,936
Accounts Payable	570.07	572.38	657.36	719.3	794.99	686.21
Accrued Expenses	57.66	161.04	181.31	172.06	162.21	98.69
Short-Term Debt	1,990	1,922	1,699	2,482	2,080	1,590
Current Portion of Long-Term Debt	450.99	435.29	543.41	296.3	153.29	167.93
Current Portion of Leases	-	12.02	19.01	36.17	36.44	9.67
Current Income Taxes Payable	114.18	13.48	15.68	14.37	2.88	1.66
Current Unearned Revenue	155.91	134.28	78.7	119.9	205.11	179.15
Other Current Liabilities	42.03	130.31	34.94	21.7	147.34	25.93
Total Current Liabilities	3,381	3,381	3,229	3,861	3,582	2,759
Long-Term Debt	587.08	829.24	647.92	392.19	511.38	92
Long-Term Leases	-	-	11.23	13.71	41.39	8.84
Long-Term Unearned Revenue	11.13	10.86	11.55	-	-	0.11
Long-Term Deferred Tax Liabilities	5.55	5.64	5.96	28.92	11.01	9.75
Total Liabilities	3,984	4,226	3,906	4,296	4,146	2,870
Common Stock	339.14	339.14	339.14	339.14	339.14	339.14
Additional Paid-In Capital	899.72	899.72	899.72	952.17	920.49	1,235
Retained Earnings	735.14	721.53	647.93	510.19	496.22	447.59
Comprehensive Income & Other	0.22	0.43	1.03	0.19	0.1	0.04
Total Common Equity	1,974	1,961	1,888	1,802	1,756	2,021
Minority Interest	70.72	70.08	65.33	58.43	33.23	45.07
Shareholders' Equity	2,045	2,031	1,953	1,860	1,789	2,066
Total Liabilities & Equity	6,029	6,257	5,859	6,156	5,935	4,936
Total Debt	3,028	3,198	2,920	3,220	2,822	1,868
Net Cash (Debt)	-2,770	-2,881	-2,737	-2,634	-2,409	-1,465
Net Cash Per Share	-8.17	-8.49	-8.07	-7.77	-7.10	-4.87
Filing Date Shares Outstanding	339.2	339.14	339.14	339.14	339.14	339.14
Total Common Shares Outstanding	339.2	339.14	339.14	339.14	339.14	339.14
Working Capital	1,183	1,389	1,044	643.08	799.69	941.01
Book Value Per Share	5.82	5.78	5.57	5.31	5.18	5.96
Tangible Book Value	1,575	1,559	1,483	1,396	1,319	1,651
Tangible Book Value Per Share	4.64	4.60	4.37	4.12	3.89	4.87
Buildings	-	1,007	1,025	984.32	740.9	549.4
Machinery	-	652	628.51	600.83	557.58	474.64
Construction In Progress	-	0.99	11.73	2.14	52.53	4.75

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