SHA:603698 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	1,393	1,768	2,872	2,174	2,007	1,761
Cash & Short-Term Investments	1,393	1,768	2,872	2,174	2,007	1,761
Cash Growth	-51.38%	-38.42%	32.08%	8.36%	13.94%	18.98%
Accounts Receivable	1,364	1,282	1,021	1,718	1,387	1,423
Other Receivables	52.85	21.44	29.77	23.32	17.25	17.87
Receivables	1,417	1,303	1,051	1,742	1,404	1,441
Inventory	357.94	319.15	240.98	228.54	133.14	178.35
Other Current Assets	940.35	859.93	756.1	150.16	178.38	218.31
Total Current Assets	4,108	4,251	4,920	4,295	3,722	3,598
Property, Plant & Equipment	4,583	4,627	3,224	567.06	538.76	558.33
Long-Term Investments	13.11	11.84	12.8	205.14	201.18	100.09
Other Intangible Assets	159.01	143.48	151.28	158.08	126.94	114.73
Long-Term Accounts Receivable	108.42	78.98	69.81	134.5	194.12	105.37
Long-Term Deferred Tax Assets	55.23	58.13	70.53	50.96	34.77	27.43
Long-Term Deferred Charges	103.04	60.99	0.38	0.55	0.5	0.09
Other Long-Term Assets	51.68	65.35	75.4	51.47	29.18	30.9
Total Assets	9,182	9,296	8,524	5,462	4,848	4,535
Accounts Payable	764.3	532.47	463.41	306.09	1,038	949.35
Accrued Expenses	34	61.19	47.47	50.07	46.21	38.4
Current Portion of Long-Term Debt	355.47	329.99	86.28	-	-	-
Current Portion of Leases	-	74.38	17.41	-	-	-
Current Income Taxes Payable	13.71	3.38	9.77	15.07	3.52	-
Current Unearned Revenue	617.9	678.05	606.9	640.04	519.51	417.39
Other Current Liabilities	430.6	751.95	1,026	1,113	45.58	49.1
Total Current Liabilities	2,216	2,431	2,257	2,124	1,653	1,454
Long-Term Debt	1,568	1,299	1,107	-	-	-
Long-Term Leases	222.59	472.48	95.73	-	-	-
Long-Term Unearned Revenue	102.07	102.55	56.81	55.62	57.49	59.54
Long-Term Deferred Tax Liabilities	10.54	8.72	40.05	-	0.04	0.57
Total Liabilities	4,119	4,314	3,557	2,180	1,711	1,514
Common Stock	535.99	535.99	535.99	535.99	535.99	535.99
Additional Paid-In Capital	877.15	877.15	935.71	935.88	935.71	935.71
Retained Earnings	2,091	2,050	1,921	1,788	1,653	1,533
Comprehensive Income & Other	15.81	9.79	7.5	12.41	12.31	16.12
Total Common Equity	3,520	3,473	3,400	3,272	3,137	3,021
Minority Interest	1,543	1,509	1,568	10.2	-	-
Shareholders' Equity	5,062	4,982	4,967	3,282	3,137	3,021
Total Liabilities & Equity	9,182	9,296	8,524	5,462	4,848	4,535
Total Debt	2,146	2,176	1,307	-	-	-
Net Cash (Debt)	-753.77	-407.39	1,566	2,174	2,007	1,761
Net Cash Growth	-	-	-28.00%	8.36%	13.94%	18.98%
Net Cash Per Share	-1.43	-0.75	2.90	4.07	3.72	3.28
Filing Date Shares Outstanding	535.99	535.99	535.99	535.99	535.99	535.99
Total Common Shares Outstanding	535.99	535.99	535.99	535.99	535.99	535.99
Working Capital	1,892	1,819	2,663	2,170	2,069	2,144
Book Value Per Share	6.57	6.48	6.34	6.10	5.85	5.64
Tangible Book Value	3,361	3,329	3,249	3,114	3,010	2,906
Tangible Book Value Per Share	6.27	6.21	6.06	5.81	5.62	5.42
Buildings	-	1,424	1,107	700.76	699.96	699.49
Machinery	-	2,354	1,247	213.42	207.25	204.1
Construction In Progress	-	1,450	1,263	65.25	10.87	-

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