SHA:603678 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	593.25	970.15	999.38	819.42	922.47
Short-Term Investments	133.86	10.12	-	70.75	-
Trading Asset Securities	354.16	27.08	150.71	-	-
Cash & Short-Term Investments	1,081	1,007	1,150	890.17	922.47
Cash Growth	7.34%	-12.41%	29.20%	-3.50%	9.31%
Accounts Receivable	2,786	1,895	2,128	2,416	2,358
Other Receivables	5.08	1.69	1.65	3.49	4.39
Receivables	2,791	1,897	2,129	2,420	2,362
Inventory	1,570	1,310	1,306	1,238	1,129
Prepaid Expenses	0.1	0.12	0.09	0.1	0.24
Other Current Assets	283.31	251.78	150.2	166.53	225.92
Total Current Assets	5,725	4,466	4,735	4,715	4,640
Property, Plant & Equipment	2,648	2,512	2,408	2,285	1,529
Long-Term Investments	279.55	213.46	200.69	164.29	74.71
Goodwill	194.07	107.03	132.31	34.2	20.14
Other Intangible Assets	280.84	242.7	266.22	185.77	179.47
Long-Term Deferred Tax Assets	93.16	84.69	59.5	66.71	61.24
Long-Term Deferred Charges	58.32	58.86	43.01	22.61	30.19
Other Long-Term Assets	42.37	22.72	74.49	68.22	406.43
Total Assets	9,322	7,707	7,920	7,542	6,940
Accounts Payable	496.46	440.58	481.73	351.16	443.38
Accrued Expenses	129.06	90.62	84.25	95.71	88.69
Short-Term Debt	1,297	286.01	563.42	563.36	799.91
Current Portion of Long-Term Debt	192.08	125.91	69.28	52.96	50.19
Current Portion of Leases	8.36	6.35	6.95	8.47	7.65
Current Income Taxes Payable	26.36	15.96	20.08	19.39	44.09
Current Unearned Revenue	5.43	3.07	6.79	7.31	3.02
Other Current Liabilities	86.2	29.31	15.87	31.11	79.89
Total Current Liabilities	2,241	997.81	1,248	1,129	1,517
Long-Term Debt	369.71	791.7	817.56	725.16	478.92
Long-Term Leases	21.27	9.83	12.77	14.72	17.9
Long-Term Unearned Revenue	227	182.25	159.75	157.68	72.71
Long-Term Deferred Tax Liabilities	20.97	8.72	12.86	47.84	31.04
Other Long-Term Liabilities	-	-	-	1.35	1.35
Total Liabilities	2,880	1,990	2,251	2,076	2,119
Common Stock	475.57	458.34	458.9	459.86	459.86
Additional Paid-In Capital	1,656	1,263	1,298	1,305	1,291
Retained Earnings	3,966	3,751	3,656	3,498	2,915
Treasury Stock	-74.99	-90.48	-95.48	-77.17	-42.18
Comprehensive Income & Other	94.14	104.38	97.36	95.32	53.66
Total Common Equity	6,118	5,486	5,416	5,281	4,677
Minority Interest	323.96	231.04	252.64	184.09	144.92
Shareholders' Equity	6,442	5,717	5,668	5,465	4,822
Total Liabilities & Equity	9,322	7,707	7,920	7,542	6,940
Total Debt	1,889	1,220	1,470	1,365	1,355
Net Cash (Debt)	-807.5	-212.44	-319.89	-474.5	-432.09
Net Cash Per Share	-1.72	-0.47	-0.69	-1.00	-0.91
Filing Date Shares Outstanding	473.12	453.71	450.4	460.3	457.9
Total Common Shares Outstanding	473.12	453.71	450.4	460.3	457.9
Working Capital	3,484	3,468	3,487	3,585	3,123
Book Value Per Share	12.93	12.09	12.02	11.47	10.21
Tangible Book Value	5,643	5,136	5,017	5,061	4,477
Tangible Book Value Per Share	11.93	11.32	11.14	11.00	9.78
Buildings	2,032	1,872	1,501	1,390	737.23
Machinery	1,619	1,430	1,254	1,195	844.87
Construction In Progress	62.81	82.51	343.44	214.66	327.5

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.