SHA:603703 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	256.88	312	265.09	348.49	500.65	592.94
Trading Asset Securities	30	60.14	20	-	-	38.25
Cash & Short-Term Investments	286.88	372.13	285.09	348.49	500.65	631.2
Cash Growth	-29.39%	30.53%	-18.19%	-30.39%	-20.68%	-26.87%
Accounts Receivable	353.66	360.26	323.13	204.73	195.37	248.29
Other Receivables	6.44	3.01	4.97	7.74	4.74	19.79
Receivables	360.11	363.27	328.11	212.48	200.11	268.08
Inventory	573.85	388.03	335.29	315.57	332.5	312.26
Prepaid Expenses	-	-	2.63	2.94	2.06	0.84
Other Current Assets	69.21	17.5	14.18	12.44	12.33	8.28
Total Current Assets	1,290	1,141	965.29	891.92	1,048	1,221
Property, Plant & Equipment	533.86	540.01	537.98	558.12	553.98	431.68
Goodwill	155.19	155.19	155.19	175.98	163.63	163.63
Other Intangible Assets	88.21	90.11	95.49	101.34	102.74	106.25
Long-Term Deferred Tax Assets	71.89	71.38	56.97	46.67	37.43	30.57
Long-Term Deferred Charges	1.15	1.21	0.72	0.94	0.47	0.86
Other Long-Term Assets	9.3	9.55	3.55	16	17.47	27.54
Total Assets	2,151	2,008	1,815	1,791	1,923	1,981
Accounts Payable	167.41	146.33	138.56	169.39	227.98	207.17
Accrued Expenses	9.44	16.02	26.26	20.65	28.89	22.33
Short-Term Debt	904.46	665.28	646.19	450.63	554.72	447.9
Current Portion of Long-Term Debt	69.89	124.28	78.44	1.79	101.09	24.03
Current Portion of Leases	-	-	5.12	3.87	3.03	3.4
Current Income Taxes Payable	6.26	10.58	4.41	1.56	2.32	0.11
Current Unearned Revenue	1.85	2.93	5.76	8.04	5.99	6.52
Other Current Liabilities	60.16	68.26	66.76	34	37.46	60.86
Total Current Liabilities	1,219	1,034	971.5	689.93	961.49	772.31
Long-Term Debt	38.12	94.93	0.4	211.71	85.11	241.29
Long-Term Leases	1.55	1.44	3.44	4.42	6.56	9.89
Long-Term Unearned Revenue	14.91	15.26	1.79	0.58	0.75	0.93
Long-Term Deferred Tax Liabilities	10.06	10.25	11.02	11.79	12.56	13.33
Other Long-Term Liabilities	-	-	5.17	8.04	0.39	1.38
Total Liabilities	1,284	1,156	993.32	926.47	1,067	1,039
Common Stock	414.98	414.98	414.98	414.98	298.61	298.61
Additional Paid-In Capital	341.11	341.11	322.01	409.33	525.7	525.7
Retained Earnings	96.16	90.05	113.42	155.31	151.85	136.68
Treasury Stock	-22.96	-22.96	-45.66	-133.48	-133.48	-30
Comprehensive Income & Other	-2.84	1.19	-4.47	-1.29	-4.72	-5.29
Total Common Equity	826.45	824.37	800.29	844.85	837.96	925.71
Minority Interest	40.6	28.46	21.59	19.65	18.55	16.34
Shareholders' Equity	867.05	852.84	821.88	864.51	856.51	942.05
Total Liabilities & Equity	2,151	2,008	1,815	1,791	1,923	1,981
Total Debt	1,014	885.92	733.59	672.42	750.52	726.5
Net Cash (Debt)	-727.14	-513.79	-448.51	-323.93	-249.87	-95.31
Net Cash Per Share	-1.88	-1.32	-1.09	-0.91	-0.65	-0.26
Filing Date Shares Outstanding	305.49	487.82	400.04	407.3	403.78	414.53
Total Common Shares Outstanding	305.49	487.82	400.04	407.3	403.78	414.53
Working Capital	70.58	107.26	-6.2	201.99	86.16	448.34
Book Value Per Share	2.71	1.69	2.00	2.07	2.08	2.23
Tangible Book Value	583.05	579.07	549.61	567.53	571.59	655.83
Tangible Book Value Per Share	1.91	1.19	1.37	1.39	1.42	1.58
Buildings	-	-	395.39	394.91	391.08	345.62
Machinery	-	-	335.14	297.37	284.68	264.28
Construction In Progress	-	-	3.12	1.4	11.47	38.23

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