SHA:603648 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	310.73	258.19	326.12	211.86	203.38	257.19
Trading Asset Securities	195	190.2	-	60	250	555
Cash & Short-Term Investments	505.73	448.39	326.12	271.86	453.38	812.19
Cash Growth	43.00%	37.49%	19.96%	-40.04%	-44.18%	12.43%
Accounts Receivable	245.85	247.77	263.73	246.36	267.19	228.02
Other Receivables	235.28	218.8	180.35	65.06	39.35	37.92
Receivables	481.13	466.56	444.08	311.41	306.53	265.94
Inventory	18.56	20.67	22.03	69.33	50.61	38.77
Prepaid Expenses	-	-	-	-	0.01	-
Other Current Assets	37.06	33.65	207.49	34.4	22.07	46.61
Total Current Assets	1,042	969.27	999.72	687	832.6	1,164
Property, Plant & Equipment	1,139	1,169	1,056	1,145	891.63	912.29
Long-Term Investments	243.68	229.54	225.89	404.66	373.02	76.89
Goodwill	16.17	16.17	16.17	16.17	-	-
Other Intangible Assets	172.17	174.91	179.97	184.34	146.02	149.75
Long-Term Deferred Tax Assets	56.9	65.09	62.03	61.63	35.53	0.68
Long-Term Deferred Charges	10.34	10.66	9.37	8.97	10.26	12.66
Other Long-Term Assets	6.07	1.9	19.96	6.19	3.16	0.6
Total Assets	2,687	2,637	2,569	2,514	2,292	2,316

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	85.68	4.3	7.61	34.85	3.17	3.93
Accrued Expenses	40.76	146.8	141.34	142.25	154.36	139.9
Short-Term Debt	-	-	130.1	20.02	-	-
Current Portion of Leases	-	99.45	86.32	96.67	56.27	72.51
Current Income Taxes Payable	17.07	11.72	4.98	3.92	4.92	10.41
Current Unearned Revenue	3.34	3.5	5.42	7.75	8.61	17.21
Other Current Liabilities	276.77	153.51	78.37	74.67	44.05	40.06
Total Current Liabilities	509.7	419.28	454.15	380.12	271.37	284.02
Long-Term Debt	107.56	66.82	24.19	-	-	-
Long-Term Leases	162.5	187.12	160.7	208.93	147.91	203.03
Long-Term Unearned Revenue	7.4	7.73	6.94	7.33	7.73	8.13
Long-Term Deferred Tax Liabilities	48.02	55.93	56.35	57.48	31.56	-
Total Liabilities	835.18	736.88	702.33	653.86	458.57	495.18

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
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	597.75	643.59	629.12	625.07	598.79	545.44
Treasury Stock	-	-	-	-	-	-9.98
Comprehensive Income & Other	-1.26	0.41	1.1	0.76	0.58	-0.3
Total Common Equity	1,814	1,862	1,848	1,844	1,819	1,810
Minority Interest	37.75	38.18	19.07	16	14.9	11.35
Shareholders' Equity	1,852	1,900	1,867	1,860	1,834	1,821
Total Liabilities & Equity	2,687	2,637	2,569	2,514	2,292	2,316

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	356.13	353.39	401.31	325.61	204.18	275.54
Net Cash (Debt)	149.6	95	-75.19	-53.76	249.21	536.66
Net Cash Growth	99.22%	-	-	-	-53.56%	-25.71%
Net Cash Per Share	0.41	0.26	-0.21	-0.15	0.69	1.46
Filing Date Shares Outstanding	362.49	362.41	362.41	362.41	362.41	367.5
Total Common Shares Outstanding	362.49	362.41	362.41	362.41	362.41	367.5
Working Capital	532.78	550	545.58	306.89	561.23	879.49
Book Value Per Share	5.01	5.14	5.10	5.09	5.02	4.92
Tangible Book Value	1,626	1,671	1,652	1,643	1,673	1,660
Tangible Book Value Per Share	4.49	4.61	4.56	4.53	4.62	4.52
Buildings	-	916.27	912.6	906.08	692.19	692.19
Machinery	-	195.22	179.73	178.68	165.9	122.75
Construction In Progress	-	123.46	27.31	2.25	100.84	3.32