SHA:603701 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	160.74	99.71	171.98	73.31	75.81	125.64
Short-Term Investments	-	-	-	-	10	9.9
Trading Asset Securities	11.12	6.8	73.48	64.71	81	65.6
Cash & Short-Term Investments	171.86	106.51	245.46	138.02	166.8	201.13
Cash Growth	23.14%	-56.61%	77.84%	-17.26%	-17.07%	103.97%
Accounts Receivable	534.86	434.38	329.93	313.14	234.28	219.56
Other Receivables	0.59	0.25	0.23	4.76	0.76	1.69
Receivables	535.45	434.63	330.17	317.9	235.04	221.25
Inventory	271.38	242.49	180.09	177.66	131.64	128.12
Other Current Assets	74.96	58.34	14.86	58	1.2	2.03
Total Current Assets	1,054	841.98	770.57	691.58	534.69	552.54
Property, Plant & Equipment	439.1	443.96	307.19	272.82	265.86	274.86
Long-Term Investments	58.08	58.08	58.08	19.28	67.78	49
Goodwill	54.36	54.36	54.36	54.36	54.36	-
Other Intangible Assets	25.57	26.01	27	30.43	30.59	30.99
Long-Term Deferred Tax Assets	31.74	32.3	26.73	19.57	13.12	8.24
Long-Term Deferred Charges	1.63	1.73	2.42	3.04	1.47	1.7
Other Long-Term Assets	33.69	34.55	36.31	45.78	47.51	41.36
Total Assets	1,698	1,493	1,283	1,137	1,015	958.69
Accounts Payable	385.41	308.64	249.3	205.06	147.17	130.16
Accrued Expenses	4.83	19.73	23.06	21.85	18.74	18.9
Short-Term Debt	315.08	120.02	71.04	-	4.73	-
Current Portion of Long-Term Debt	69.95	70.58	20.02	-	-	-
Current Portion of Leases	-	0.39	0.23	0.45	0.64	-
Current Income Taxes Payable	4.26	3.54	3.61	3.45	3.61	-
Current Unearned Revenue	8.48	8.45	1.71	2.52	2.43	3.11
Other Current Liabilities	8.27	20.8	23.17	64.2	25.21	12.44
Total Current Liabilities	796.29	552.16	392.14	297.52	202.52	164.62
Long-Term Debt	-	49	-	-	-	-
Long-Term Leases	0.08	0.16	-	0.23	0.69	-
Long-Term Unearned Revenue	11.67	12.05	13.11	13.58	15.32	15.99
Long-Term Deferred Tax Liabilities	13.47	14.28	18.26	13.33	11.41	9.84
Other Long-Term Liabilities	29.01	28.22	24.66	22.98	21.12	23.86
Total Liabilities	850.52	655.87	448.18	347.64	251.06	214.3
Common Stock	261.36	261.36	261.36	261.36	261.36	261.36
Additional Paid-In Capital	111.21	111.21	111.05	111.05	111.05	111.05
Retained Earnings	438.98	430.63	429.54	389.95	369.99	371.98
Total Common Equity	811.55	803.2	801.95	762.35	742.39	744.39
Minority Interest	35.76	33.9	32.53	26.85	21.92	-
Shareholders' Equity	847.31	837.1	834.48	789.2	764.32	744.39
Total Liabilities & Equity	1,698	1,493	1,283	1,137	1,015	958.69
Total Debt	385.11	240.16	91.29	0.68	6.06	-
Net Cash (Debt)	-213.25	-133.65	154.16	137.34	160.74	201.13
Net Cash Growth	-	-	12.25%	-14.56%	-20.08%	124.81%
Net Cash Per Share	-0.71	-0.46	0.60	0.55	0.58	0.78
Filing Date Shares Outstanding	278.4	261.36	261.36	261.36	261.36	261.36
Total Common Shares Outstanding	278.4	261.36	261.36	261.36	261.36	261.36
Working Capital	257.36	289.82	378.43	394.06	332.17	387.92
Book Value Per Share	2.92	3.07	3.07	2.92	2.84	2.85
Tangible Book Value	731.61	722.83	720.59	677.57	657.44	713.4
Tangible Book Value Per Share	2.63	2.77	2.76	2.59	2.52	2.73
Buildings	-	264.73	264.48	260.97	258.93	259.3
Machinery	-	316.59	156.03	133.87	124.98	116.13
Construction In Progress	-	36.91	34.91	8.03	2.67	2.29

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