SHA:603689 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	480.16	473.7	518.42	718.91	745.05	861.25
Trading Asset Securities	35.04	40.04	100.16	401.44	400.6	850.85
Cash & Short-Term Investments	515.2	513.74	618.58	1,120	1,146	1,712
Cash Growth	-36.91%	-16.95%	-44.79%	-2.21%	-33.09%	214.75%
Accounts Receivable	117.95	86.4	131.83	99.68	139.98	179.38
Other Receivables	11.84	14.07	22.87	14.02	14.69	8.41
Receivables	129.79	100.47	154.71	113.7	154.67	189.78
Inventory	39.63	39.9	44.43	40.97	37.99	34.72
Prepaid Expenses	-	0.48	0.15	2.95	2.28	1.88
Other Current Assets	141.26	258.86	247.88	238.42	222.77	140.1
Total Current Assets	825.89	913.45	1,066	1,516	1,563	2,079
Property, Plant & Equipment	4,109	4,064	3,980	3,509	3,060	2,465
Long-Term Investments	2,014	1,974	1,902	1,558	1,229	194.96
Goodwill	0.08	0.08	2.46	2.46	2.46	0.08
Other Intangible Assets	395.5	392.25	369.55	335.94	257.09	159.91
Long-Term Deferred Tax Assets	8.71	8.76	10.48	7.15	2.36	3.44
Long-Term Deferred Charges	0.9	0.84	1.29	0.96	1.18	1.12
Other Long-Term Assets	145.25	170.37	115.01	71.25	127.64	266.33
Total Assets	7,499	7,524	7,446	7,001	6,243	5,170
Accounts Payable	237.78	243.99	344.79	313.26	252.32	206.57
Accrued Expenses	58.65	16.32	29.08	25.34	20.31	15.24
Short-Term Debt	185.05	213.09	100.07	110.07	220	342.62
Current Portion of Long-Term Debt	-	415.7	657.93	83.23	52.24	55.77
Current Portion of Leases	-	1.47	2.32	2.52	6.13	4.95
Current Income Taxes Payable	-	28.63	35.87	22.97	18.49	22.91
Current Unearned Revenue	216.24	266.51	255.29	225.07	191.26	219.99
Other Current Liabilities	841.55	641.27	244.04	225.67	182.81	97.63
Total Current Liabilities	1,539	1,827	1,669	1,008	943.55	965.68
Long-Term Debt	1,527	1,377	1,861	2,427	2,051	1,350
Long-Term Leases	4.24	2.88	4.93	3.2	4.89	6.26
Long-Term Unearned Revenue	25.2	25.55	18.59	11.2	9.98	5.09
Long-Term Deferred Tax Liabilities	0.54	0.54	0.5	0.32	0.77	2.53
Other Long-Term Liabilities	-	-	-	-	-	1.35
Total Liabilities	3,096	3,233	3,554	3,450	3,010	2,331
Common Stock	525.81	526.03	490.48	478.27	470.4	336
Additional Paid-In Capital	1,218	1,226	983.9	896.55	915.59	993.86
Retained Earnings	1,972	1,857	1,728	1,563	1,313	1,122
Treasury Stock	-17.99	-18.89	-32.35	-36.03	-	-
Comprehensive Income & Other	120.84	119.82	129.91	139.17	126.4	118.99
Total Common Equity	3,818	3,710	3,300	3,041	2,825	2,571
Minority Interest	584.73	581.96	591.89	510.73	407.51	268.2
Shareholders' Equity	4,403	4,292	3,892	3,552	3,233	2,839
Total Liabilities & Equity	7,499	7,524	7,446	7,001	6,243	5,170
Total Debt	1,716	2,010	2,626	2,626	2,334	1,759
Net Cash (Debt)	-1,201	-1,496	-2,007	-1,506	-1,188	-47.35
Net Cash Per Share	-2.03	-2.54	-3.38	-2.58	-2.10	-0.10
Filing Date Shares Outstanding	520.9	526.03	490.48	478.27	470.4	470.4
Total Common Shares Outstanding	520.9	526.03	490.48	478.27	470.4	470.4
Working Capital	-713.38	-913.52	-603.64	508.28	619.81	1,113
Book Value Per Share	7.33	7.05	6.73	6.36	6.01	5.46
Tangible Book Value	3,423	3,318	2,928	2,702	2,566	2,411
Tangible Book Value Per Share	6.57	6.31	5.97	5.65	5.45	5.12
Buildings	-	845.82	798.59	485.38	384.5	362.07
Machinery	-	649.22	605.59	492.97	388	364.73
Construction In Progress	-	579.07	591.77	486.62	802.59	232.61

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