SHA:603706 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	307.45	324.24	389.17	512.33	389.09	326.01
Short-Term Investments	-	-	53.77	-	-	-
Trading Asset Securities	822.88	821.83	641.91	513.52	406.55	549.12
Cash & Short-Term Investments	1,130	1,146	1,085	1,026	795.64	875.14
Cash Growth	12.57%	5.64%	5.75%	28.93%	-9.08%	-3.10%
Accounts Receivable	161.95	168.17	188.86	300.89	272.86	131.67
Other Receivables	22.22	70.2	60.77	59.46	61.74	45.75
Receivables	184.17	238.38	249.64	360.35	334.6	177.43
Inventory	118.84	125.37	165.98	245.52	100.2	75.96
Other Current Assets	36.2	1.13	5.72	2.05	6.3	45.26
Total Current Assets	1,470	1,511	1,506	1,634	1,237	1,174
Property, Plant & Equipment	811.32	840.06	938.65	926.99	1,074	1,104
Long-Term Investments	19.77	18.95	17.66	70.92	68.59	18.14
Goodwill	135.6	135.6	135.6	135.6	135.6	135.6
Other Intangible Assets	100.52	101.5	105.81	100.22	99.92	117.3
Long-Term Deferred Tax Assets	28.66	29.07	25.09	24.44	18.28	14.78
Long-Term Deferred Charges	3.07	3.23	3.53	3.63	1.04	1.38
Other Long-Term Assets	154.48	154.92	185.75	25.87	27.69	11.76
Total Assets	2,723	2,794	2,918	2,921	2,661	2,577
Accounts Payable	148.77	90.15	107.88	95.6	111.75	41.98
Accrued Expenses	8.11	47.05	75.56	81.13	64.89	56.52
Short-Term Debt	-	-	-	-	-	5.01
Current Portion of Long-Term Debt	14.7	13.54	23.35	41.93	-	-
Current Portion of Leases	-	1.29	1.56	0.37	1.08	0.64
Current Income Taxes Payable	33.38	22.33	18.75	20.76	15.74	18.67
Current Unearned Revenue	332.55	504.24	568.3	624.24	376.84	342.34
Other Current Liabilities	69.96	118.02	166.27	104.85	101.93	66.08
Total Current Liabilities	607.46	796.63	961.67	968.89	672.23	531.23
Long-Term Debt	92.14	95.25	111.58	136.37	219.9	253.71
Long-Term Leases	0.49	0.88	2.1	2.12	0.58	1.25
Long-Term Unearned Revenue	14.51	15.4	19.22	21.85	25.52	29.02
Long-Term Deferred Tax Liabilities	9.59	10.54	16	22.62	28.85	34.74
Total Liabilities	724.2	918.7	1,111	1,152	947.08	849.96
Common Stock	189.38	189.38	189.38	189.38	189.38	189.38
Additional Paid-In Capital	925.24	925.24	925.24	925.24	925.24	925.24
Retained Earnings	681.83	579.17	533.52	506.49	441.66	456.06
Comprehensive Income & Other	48.31	46.7	38.61	28.09	22.25	17.76
Total Common Equity	1,845	1,740	1,687	1,649	1,579	1,588
Minority Interest	154	135.09	120.96	120.4	135.84	138.24
Shareholders' Equity	1,999	1,876	1,808	1,770	1,714	1,727
Total Liabilities & Equity	2,723	2,794	2,918	2,921	2,661	2,577
Total Debt	107.32	110.96	138.59	180.79	221.56	260.61
Net Cash (Debt)	1,023	1,035	946.26	845.06	574.09	614.52
Net Cash Growth	16.91%	9.39%	11.98%	47.20%	-6.58%	22.69%
Net Cash Per Share	5.39	5.46	4.98	4.45	3.02	3.23
Filing Date Shares Outstanding	190.12	189.38	189.38	189.38	189.38	189.38
Total Common Shares Outstanding	190.12	189.38	189.38	189.38	189.38	189.38
Working Capital	862.07	714.32	544.51	664.88	564.51	642.56
Book Value Per Share	9.70	9.19	8.91	8.71	8.34	8.39
Tangible Book Value	1,609	1,503	1,445	1,413	1,343	1,336
Tangible Book Value Per Share	8.46	7.94	7.63	7.46	7.09	7.05
Buildings	-	299.05	292.47	265.41	256.85	241.23
Machinery	-	2,359	2,330	2,231	2,222	2,048
Construction In Progress	-	9.4	26.65	9.64	25.49	102.7

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