SHA:603657 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	709.24	597.64	478.82	472.08	542.4	434.03
Trading Asset Securities	-	-	-	-	0.32	0.58
Cash & Short-Term Investments	709.24	597.64	478.82	472.08	542.72	434.62
Cash Growth	41.65%	24.81%	1.43%	-13.01%	24.87%	16.35%
Accounts Receivable	768.02	785	778.66	602.83	727.28	544.15
Other Receivables	15.74	15.6	63.94	29.96	15.36	15.04
Receivables	783.76	800.6	842.6	632.8	742.63	559.19
Inventory	430.54	421.42	359.49	267.1	298.3	244.49
Other Current Assets	153.32	99	11.38	12.48	13	11.11
Total Current Assets	2,077	1,919	1,692	1,384	1,597	1,249
Property, Plant & Equipment	748.73	672.54	477.42	468.01	470.59	382.42
Long-Term Investments	5.88	56.08	6.87	7.73	3.55	3.55
Goodwill	-	-	5.65	5.36	7.43	7.43
Other Intangible Assets	140.93	141.76	144.78	74.82	79.04	66.73
Long-Term Deferred Tax Assets	11.02	10.1	10.11	7.92	12.07	3.28
Long-Term Deferred Charges	16.11	18.2	9.22	4.68	6.21	6.92
Other Long-Term Assets	72.54	33.25	15.45	4.81	0.94	4.79
Total Assets	3,072	2,851	2,362	1,958	2,176	1,725
Accounts Payable	1,174	1,109	883.61	655.93	832.21	446.37
Accrued Expenses	44.51	40.84	50.9	42.29	57.89	39.91
Short-Term Debt	746.51	634.91	384.62	226.42	70.06	179.68
Current Portion of Long-Term Debt	-	91.02	30.03	-	-	-
Current Portion of Leases	-	-	13.34	10.72	10.36	6.06
Current Income Taxes Payable	-	8.07	4.98	3.36	9.19	3.98
Current Unearned Revenue	13.73	12.1	4.35	2.05	2.7	6.43
Other Current Liabilities	107.34	10.24	16.45	35.9	56.9	10.1
Total Current Liabilities	2,086	1,906	1,388	976.66	1,039	692.54
Long-Term Leases	25.31	16.8	12.59	16.32	25.21	13.04
Long-Term Unearned Revenue	9.08	9.36	8.23	5.96	6.59	3.02
Long-Term Deferred Tax Liabilities	4.02	4.06	2.68	1.61	3.2	3.23
Total Liabilities	2,222	1,936	1,412	1,001	1,074	711.83
Common Stock	135.19	135.19	136.45	137.63	137.11	134.4
Additional Paid-In Capital	384.5	384.5	398.53	415.59	516.85	479.79
Retained Earnings	384.53	419.94	435.06	433.46	449.15	391.86
Treasury Stock	-20.09	-20.09	-35.38	-28.93	-32.26	-
Comprehensive Income & Other	-11.8	6.09	4.84	-0.52	2.44	-6.98
Total Common Equity	872.33	925.62	939.49	957.24	1,073	999.07
Minority Interest	-21.92	-11.17	10.52	-	28.86	13.63
Shareholders' Equity	850.41	914.45	950.01	957.24	1,102	1,013
Total Liabilities & Equity	3,072	2,851	2,362	1,958	2,176	1,725
Total Debt	868.83	742.73	440.58	253.47	105.63	198.78
Net Cash (Debt)	-159.59	-145.09	38.24	218.62	437.08	235.84
Net Cash Growth	-	-	-82.51%	-49.98%	85.33%	-36.85%
Net Cash Per Share	-1.24	-1.11	0.27	1.57	3.24	1.75
Filing Date Shares Outstanding	136.19	160.39	134.42	136.7	137.11	134.4
Total Common Shares Outstanding	136.19	160.39	134.42	136.7	137.11	134.4
Working Capital	-9.38	12.74	304	407.79	557.33	556.87
Book Value Per Share	6.41	5.77	6.99	7.00	7.83	7.43
Tangible Book Value	731.4	783.87	789.05	877.05	986.82	924.9
Tangible Book Value Per Share	5.37	4.89	5.87	6.42	7.20	6.88
Buildings	-	-	312.89	311.42	297.99	188.53
Machinery	-	-	366.08	314.21	277.68	231.16
Construction In Progress	-	-	13.12	4.55	4.4	52.2

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