SHA:603602 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	410.08	315.42	278.41	388.45	505.21
Trading Asset Securities	-	5.24	-	-	-
Cash & Short-Term Investments	410.08	320.66	278.41	388.45	505.21
Cash Growth	27.88%	15.17%	-28.33%	-23.11%	3.97%
Accounts Receivable	857.72	938.3	493.5	325.36	247.54
Other Receivables	44.57	69.27	46.52	19.24	68.53
Receivables	902.3	1,008	540.02	344.6	316.07
Inventory	323.36	201.4	244.84	289.99	408.27
Prepaid Expenses	-	1.57	1.46	3.04	2.16
Other Current Assets	216.82	185.86	47.68	28.05	34.59
Total Current Assets	1,853	1,717	1,112	1,054	1,266
Property, Plant & Equipment	217.91	228.55	234.43	125.08	145.59
Long-Term Investments	90.02	105.01	130.24	118.83	117.04
Goodwill	75.44	75.41	-	-	-
Other Intangible Assets	14.46	13.61	10.65	9.7	9.95
Long-Term Accounts Receivable	-	45.16	47.73	10.4	9.28
Long-Term Deferred Tax Assets	16.46	15.94	7.65	5.64	2.96
Long-Term Deferred Charges	96.45	130.47	148.44	155.44	109.84
Other Long-Term Assets	68.56	-	-	113.68	-
Total Assets	2,432	2,331	1,692	1,593	1,661
Accounts Payable	531.46	576.76	453.02	424.14	456.18
Accrued Expenses	15.79	26.05	21.71	19.4	17.41
Short-Term Debt	869.43	547.42	-	-	58.12
Current Portion of Leases	-	3.6	0.82	1.36	4.87
Current Income Taxes Payable	8.43	6.06	0.09	0.02	0.03
Current Unearned Revenue	33.44	47.63	51.2	64.78	87.95
Other Current Liabilities	54.9	55.76	53.38	34.61	18.09
Total Current Liabilities	1,513	1,263	580.22	544.32	642.67
Long-Term Debt	-	-	297.79	284.77	271.13
Long-Term Leases	9.63	8.87	9.97	9.9	9.87
Long-Term Unearned Revenue	3.85	4	2.07	2.14	2.16
Long-Term Deferred Tax Liabilities	0.36	0.4	-	1.85	-
Total Liabilities	1,527	1,277	890.05	842.98	925.82
Common Stock	231.06	229.25	205.74	203.85	203.85
Additional Paid-In Capital	490.57	468.61	143.87	121.84	121.36
Retained Earnings	265.24	443.84	436.9	414.24	398.82
Treasury Stock	-80.09	-80.09	-	-	-
Comprehensive Income & Other	-21.03	-21.03	15.31	15.31	15.31
Total Common Equity	885.74	1,041	801.81	755.24	739.33
Minority Interest	18.83	14.12	-0.31	-5.31	-4.19
Shareholders' Equity	904.58	1,055	801.51	749.93	735.14
Total Liabilities & Equity	2,432	2,331	1,692	1,593	1,661
Total Debt	879.05	559.9	308.58	296.03	344
Net Cash (Debt)	-468.97	-239.23	-30.17	92.42	161.21
Net Cash Growth	-	-	-	-42.68%	-2.07%
Net Cash Per Share	-2.10	-1.14	-0.15	0.46	0.82
Filing Date Shares Outstanding	187.34	222.32	205.74	203.85	203.85
Total Common Shares Outstanding	187.34	222.32	205.74	203.85	203.85
Working Capital	339.11	453.8	532.2	509.82	623.63
Book Value Per Share	4.73	4.68	3.90	3.70	3.63
Tangible Book Value	795.85	951.55	791.17	745.54	729.38
Tangible Book Value Per Share	4.25	4.28	3.85	3.66	3.58
Buildings	-	225.73	220.48	94.38	-
Machinery	-	46.33	46.42	43.07	31.01
Construction In Progress	-	1.05	1.14	6.71	126.91

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