SHA:603648 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	224.95	258.19	326.12	211.86	203.38	257.19
Trading Asset Securities	210	190.2	-	60	250	555
Cash & Short-Term Investments	434.95	448.39	326.12	271.86	453.38	812.19
Cash Growth	107.59%	37.49%	19.96%	-40.04%	-44.18%	12.43%
Accounts Receivable	233.29	247.77	263.73	246.36	267.19	228.02
Other Receivables	252.58	218.8	180.35	65.06	39.35	37.92
Receivables	485.87	466.56	444.08	311.41	306.53	265.94
Inventory	15.69	20.67	22.03	69.33	50.61	38.77
Prepaid Expenses	-	-	-	-	0.01	-
Other Current Assets	34.16	33.65	207.49	34.4	22.07	46.61
Total Current Assets	970.67	969.27	999.72	687	832.6	1,164
Property, Plant & Equipment	1,131	1,169	1,056	1,145	891.63	912.29
Long-Term Investments	229.47	229.54	225.89	404.66	373.02	76.89
Goodwill	16.17	16.17	16.17	16.17	-	-
Other Intangible Assets	173.52	174.91	179.97	184.34	146.02	149.75
Long-Term Deferred Tax Assets	54.11	65.09	62.03	61.63	35.53	0.68
Long-Term Deferred Charges	10.22	10.66	9.37	8.97	10.26	12.66
Other Long-Term Assets	4.68	1.9	19.96	6.19	3.16	0.6
Total Assets	2,590	2,637	2,569	2,514	2,292	2,316
Accounts Payable	75.37	86.1	7.61	34.85	3.17	3.93
Accrued Expenses	21.48	59.89	146.31	146.16	154.36	139.9
Short-Term Debt	-	-	130.1	20.02	-	-
Current Portion of Long-Term Debt	90.16	99.5	-	-	-	-
Current Portion of Leases	-	-	86.34	96.67	56.27	72.51
Current Income Taxes Payable	18.54	17.18	-	-	4.92	10.41
Current Unearned Revenue	3.21	3.5	5.42	7.75	8.61	17.21
Other Current Liabilities	144.71	153.11	78.37	74.67	44.05	40.06
Total Current Liabilities	353.46	419.28	454.15	380.12	271.37	284.02
Long-Term Debt	84.11	66.82	24.19	-	-	-
Long-Term Leases	166.66	187.12	160.7	208.93	147.91	203.03
Long-Term Unearned Revenue	7.57	7.73	6.94	7.33	7.73	8.13
Long-Term Deferred Tax Liabilities	45.16	55.93	56.35	57.48	31.56	-
Total Liabilities	656.95	736.88	702.33	653.86	458.57	495.18
Common Stock	362.41	362.41	362.41	362.41	362.41	368.67
Additional Paid-In Capital	855.43	855.43	855.43	855.43	856.98	906.02
Retained Earnings	676.86	643.59	629.12	625.07	598.79	545.44
Treasury Stock	-	-	-	-	-	-9.98
Comprehensive Income & Other	-0.45	0.41	1.1	0.76	0.58	-0.3
Total Common Equity	1,894	1,862	1,848	1,844	1,819	1,810
Minority Interest	38.95	38.18	19.07	16	14.9	11.35
Shareholders' Equity	1,933	1,900	1,867	1,860	1,834	1,821
Total Liabilities & Equity	2,590	2,637	2,569	2,514	2,292	2,316
Total Debt	340.92	353.44	401.32	325.61	204.18	275.54
Net Cash (Debt)	94.03	94.96	-75.2	-53.76	249.21	536.66
Net Cash Growth	-	-	-	-	-53.56%	-25.71%
Net Cash Per Share	0.26	0.26	-0.21	-0.15	0.69	1.46
Filing Date Shares Outstanding	362.39	362.41	362.41	362.41	362.41	367.5
Total Common Shares Outstanding	362.39	362.41	362.41	362.41	362.41	367.5
Working Capital	617.21	550	545.58	306.89	561.23	879.49
Book Value Per Share	5.23	5.14	5.10	5.09	5.02	4.92
Tangible Book Value	1,705	1,671	1,652	1,643	1,673	1,660
Tangible Book Value Per Share	4.70	4.61	4.56	4.53	4.62	4.52
Buildings	-	-	912.6	906.08	692.19	692.19
Machinery	-	-	179.73	178.68	165.9	122.75
Construction In Progress	-	-	27.31	2.25	100.84	3.32

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