SHA:603650 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	1,216	1,240	1,174	743.99	634.28	509.56
Short-Term Investments	-	-	-	-	8.93	-
Trading Asset Securities	-	-	-	143.74	88.87	298.19
Cash & Short-Term Investments	1,216	1,240	1,174	887.72	732.09	807.75
Cash Growth	-3.01%	5.61%	32.23%	21.26%	-9.37%	9.78%
Accounts Receivable	1,038	1,197	1,210	1,109	1,094	975.3
Other Receivables	340.08	10.82	11.34	28.06	36.01	84.23
Receivables	1,378	1,208	1,221	1,137	1,130	1,060
Inventory	576.77	581.43	486.21	430.73	387.79	214.52
Prepaid Expenses	-	-	-	-	3.83	-
Other Current Assets	135.76	107.97	72.34	88.98	83.78	79.54
Total Current Assets	3,307	3,137	2,954	2,544	2,338	2,161
Property, Plant & Equipment	2,552	2,392	2,135	2,123	1,992	1,192
Long-Term Investments	2,627	2,686	2,305	1,765	1,601	1,655
Goodwill	437.44	437.44	437.44	437.44	437.44	200.19
Other Intangible Assets	391.95	400.3	430.16	363.38	372.12	321.05
Long-Term Deferred Tax Assets	88.1	88.1	69.47	52.66	42.67	17.65
Long-Term Deferred Charges	25.68	29.33	26.95	18.79	17.42	9
Other Long-Term Assets	190.29	48.43	51.13	29.29	60.96	425.55
Total Assets	9,619	9,219	8,409	7,334	6,861	5,982
Accounts Payable	649.68	572.76	528.63	652.45	766.19	719.95
Accrued Expenses	36	132.92	140.58	116.31	111.94	103.03
Short-Term Debt	1,596	1,147	789.04	475.15	879.45	1,048
Current Portion of Long-Term Debt	1,007	967.96	1,088	372.82	195.9	100.91
Current Portion of Leases	-	10.18	9.62	8.24	13.65	20.36
Current Income Taxes Payable	23.28	11.36	17.15	11.89	24.98	22.31
Current Unearned Revenue	5.61	135.38	90.7	5.05	4.6	4.56
Other Current Liabilities	275.27	96.45	121.14	166.34	81.78	127.49
Total Current Liabilities	3,592	3,074	2,785	1,808	2,078	2,146
Long-Term Debt	1,413	1,676	1,956	1,807	1,473	863.49
Long-Term Leases	32.49	36.98	45.48	50.14	-	12.06
Long-Term Unearned Revenue	116.64	113.96	112.78	110.36	110.82	69.81
Long-Term Deferred Tax Liabilities	59.13	59.71	51.19	53.46	56.65	46.78
Total Liabilities	5,214	4,960	4,950	3,829	3,719	3,138
Common Stock	616.08	616.11	599.08	599.83	596.12	597.15
Additional Paid-In Capital	1,501	1,499	936.35	989.65	949.55	975.07
Retained Earnings	2,363	2,180	1,913	1,893	1,534	1,289
Treasury Stock	-104.48	-104.82	-131.52	-100.01	-60.14	-90.55
Comprehensive Income & Other	-54.17	-4.12	37.15	25.57	22.1	12.24
Total Common Equity	4,321	4,186	3,354	3,408	3,042	2,783
Minority Interest	84.47	72.37	105.37	96.9	100.62	60.3
Shareholders' Equity	4,405	4,259	3,459	3,505	3,142	2,843
Total Liabilities & Equity	9,619	9,219	8,409	7,334	6,861	5,982
Total Debt	4,048	3,837	3,888	2,713	2,562	2,044
Net Cash (Debt)	-2,832	-2,598	-2,714	-1,825	-1,830	-1,237
Net Cash Per Share	-4.65	-4.29	-4.52	-3.05	-3.01	-2.08
Filing Date Shares Outstanding	613.08	613.08	599.08	599.83	596.12	597.15
Total Common Shares Outstanding	613.08	613.11	599.08	599.83	596.12	597.15
Working Capital	-285.7	63.14	169.22	736.13	259.19	15.08
Book Value Per Share	7.05	6.83	5.60	5.68	5.10	4.66
Tangible Book Value	3,491	3,349	2,486	2,607	2,232	2,262
Tangible Book Value Per Share	5.69	5.46	4.15	4.35	3.74	3.79
Buildings	-	779.7	726.13	675.15	522.15	381.12
Machinery	-	2,116	1,649	1,531	1,018	764.29
Construction In Progress	-	432.01	546.97	580.21	1,078	520.1

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