SHA:603602 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	282.59	410.08	315.42	278.41	388.45	505.21
Trading Asset Securities	-	-	5.24	-	-	-
Cash & Short-Term Investments	282.59	410.08	320.66	278.41	388.45	505.21
Cash Growth	75.18%	27.88%	15.17%	-28.33%	-23.11%	3.97%
Accounts Receivable	798	857.72	938.3	493.5	325.36	247.54
Other Receivables	42.15	138.45	86.41	46.52	19.24	68.53
Receivables	840.16	996.17	1,025	540.02	344.6	316.07
Inventory	366.99	323.36	201.4	244.84	289.99	408.27
Prepaid Expenses	-	-	-	1.46	3.04	2.16
Other Current Assets	246.89	122.95	170.29	47.68	28.05	34.59
Total Current Assets	1,737	1,853	1,717	1,112	1,054	1,266
Property, Plant & Equipment	215.57	217.91	228.55	234.43	125.08	145.59
Long-Term Investments	89.55	90.02	105.01	130.24	118.83	117.04
Goodwill	75.44	75.44	75.41	-	-	-
Other Intangible Assets	14.21	14.46	13.61	10.65	9.7	9.95
Long-Term Accounts Receivable	-	63.58	45.16	47.73	10.4	9.28
Long-Term Deferred Tax Assets	17.14	16.46	15.94	7.65	5.64	2.96
Long-Term Deferred Charges	113.92	101.15	130.47	148.44	155.44	109.84
Other Long-Term Assets	61.45	0.29	-	-	113.68	-
Total Assets	2,324	2,432	2,331	1,692	1,593	1,661
Accounts Payable	424.3	424.34	498.27	453.02	424.14	456.18
Accrued Expenses	3.75	25.61	26.05	21.71	19.4	17.41
Short-Term Debt	860.74	968.1	625.9	-	-	58.12
Current Portion of Leases	-	1.09	3.6	0.82	1.36	4.87
Current Income Taxes Payable	6.48	1.89	6.06	0.09	0.02	0.03
Current Unearned Revenue	52.04	34.5	47.63	51.2	64.78	87.95
Other Current Liabilities	44.84	57.92	55.76	53.38	34.61	18.09
Total Current Liabilities	1,393	1,513	1,263	580.22	544.32	642.67
Long-Term Debt	-	-	-	297.79	284.77	271.13
Long-Term Leases	10.09	9.63	8.87	9.97	9.9	9.87
Long-Term Unearned Revenue	3.82	3.85	4	2.07	2.14	2.16
Long-Term Deferred Tax Liabilities	0.39	0.36	0.4	-	1.85	-
Total Liabilities	1,407	1,527	1,277	890.05	842.98	925.82
Common Stock	231.06	231.06	229.25	205.74	203.85	203.85
Additional Paid-In Capital	490.96	490.57	468.61	143.87	121.84	121.36
Retained Earnings	270.2	265.24	443.84	436.9	414.24	398.82
Treasury Stock	-80.09	-80.09	-80.09	-	-	-
Comprehensive Income & Other	-21.03	-21.03	-21.03	15.31	15.31	15.31
Total Common Equity	891.11	885.74	1,041	801.81	755.24	739.33
Minority Interest	25.67	18.83	14.12	-0.31	-5.31	-4.19
Shareholders' Equity	916.77	904.58	1,055	801.51	749.93	735.14
Total Liabilities & Equity	2,324	2,432	2,331	1,692	1,593	1,661
Total Debt	871.52	978.81	638.38	308.58	296.03	344
Net Cash (Debt)	-588.93	-568.73	-317.72	-30.17	92.42	161.21
Net Cash Growth	-	-	-	-	-42.68%	-2.07%
Net Cash Per Share	-2.64	-2.55	-1.52	-0.15	0.46	0.82
Filing Date Shares Outstanding	225.74	224.13	222.32	205.74	203.85	203.85
Total Common Shares Outstanding	225.74	224.13	222.32	205.74	203.85	203.85
Working Capital	343.79	339.11	453.8	532.2	509.82	623.63
Book Value Per Share	3.95	3.95	4.68	3.90	3.70	3.63
Tangible Book Value	801.46	795.85	951.55	791.17	745.54	729.38
Tangible Book Value Per Share	3.55	3.55	4.28	3.85	3.66	3.58
Buildings	-	225.12	225.73	220.48	94.38	-
Machinery	-	42.97	42.96	46.42	43.07	31.01
Construction In Progress	-	-	1.05	1.14	6.71	126.91