SHA:603711 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	2,249	2,428	2,485	2,711	2,467	2,163
Short-Term Investments	-	-	-	46.2	-	-
Trading Asset Securities	946.85	733.78	179.4	231.82	185.51	246.75
Cash & Short-Term Investments	3,196	3,162	2,665	2,989	2,653	2,410
Cash Growth	34.02%	18.65%	-10.85%	12.68%	10.09%	6.92%
Accounts Receivable	67.09	76.1	55.26	57.73	53.96	35.07
Other Receivables	5.1	4.63	26.25	22.71	22.12	61.97
Receivables	72.19	80.74	81.51	80.45	76.08	97.04
Inventory	160.37	159.24	186.18	161.92	171.62	156.54
Other Current Assets	71.1	64.2	62.44	43.65	65.27	203.09
Total Current Assets	3,499	3,466	2,995	3,275	2,966	2,866
Property, Plant & Equipment	1,272	1,302	1,408	1,547	1,648	1,767
Long-Term Investments	95.25	95.31	58.72	63.08	45.57	31.1
Other Intangible Assets	164.33	165.35	177.04	189.47	194.25	196.66
Long-Term Deferred Tax Assets	89	108.24	104.82	97.66	94.82	76.06
Long-Term Deferred Charges	1.74	2	1.16	1.02	2.81	4.25
Other Long-Term Assets	115.59	120.81	128.5	62.09	92.62	69.51
Total Assets	5,237	5,260	4,873	5,235	5,044	5,011
Accounts Payable	236.24	352.73	271.61	413.79	493.72	345.55
Accrued Expenses	61.57	63.85	90.47	113.31	133.46	192.65
Short-Term Debt	1,085	1,037	674	1,007	921	1,219
Current Portion of Long-Term Debt	0.76	1.03	-	-	-	-
Current Portion of Leases	-	-	1.95	7.23	2.57	6.85
Current Income Taxes Payable	23.57	22.35	36.43	35.64	64.36	26.45
Current Unearned Revenue	148.8	186.05	185.29	168.17	188.66	99.44
Other Current Liabilities	28.96	33.51	32.61	40.56	36.31	53.79
Total Current Liabilities	1,585	1,696	1,292	1,786	1,840	1,944
Long-Term Leases	0.21	-	1.04	10.14	1.4	-
Long-Term Unearned Revenue	62.61	65.01	72.45	74.03	72.24	73.98
Long-Term Deferred Tax Liabilities	10.51	13.26	13.9	14.16	5.92	13.55
Total Liabilities	1,658	1,774	1,380	1,884	1,920	2,032
Common Stock	412.87	412.87	412.26	410.75	410.75	415.11
Additional Paid-In Capital	680.21	680.21	680.2	646.08	633.06	662.69
Retained Earnings	2,487	2,394	2,402	2,293	2,078	1,930
Treasury Stock	-	-	-	-	-	-30.79
Total Common Equity	3,580	3,487	3,494	3,349	3,122	2,977
Minority Interest	-1.79	-1.67	-0.93	2.01	2.53	2.23
Shareholders' Equity	3,579	3,485	3,494	3,351	3,124	2,980
Total Liabilities & Equity	5,237	5,260	4,873	5,235	5,044	5,011
Total Debt	1,086	1,038	676.99	1,024	924.97	1,226
Net Cash (Debt)	2,110	2,124	1,988	1,965	1,728	1,183
Net Cash Growth	11.72%	6.87%	1.17%	13.71%	46.01%	-18.71%
Net Cash Per Share	5.00	5.13	4.87	4.77	4.20	2.82
Filing Date Shares Outstanding	406.04	439.91	412.68	410.75	410.75	366.4
Total Common Shares Outstanding	406.04	439.91	412.26	410.75	410.75	366.4
Working Capital	1,915	1,770	1,703	1,490	1,126	922.27
Book Value Per Share	8.82	7.93	8.48	8.15	7.60	8.13
Tangible Book Value	3,416	3,322	3,317	3,160	2,928	2,781
Tangible Book Value Per Share	8.41	7.55	8.05	7.69	7.13	7.59
Buildings	-	-	1,112	1,110	1,070	1,096
Machinery	-	-	1,357	1,331	1,296	1,178
Construction In Progress	-	-	53.9	53.92	68.99	121.53

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