SHA:603712 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	514.12	535.16	422.67	999.05	894.02	413.65
Trading Asset Securities	250.21	150.01	640.07	300.52	440.25	501.3
Cash & Short-Term Investments	764.33	685.17	1,063	1,300	1,334	914.95
Cash Growth	-24.83%	-35.53%	-18.22%	-2.60%	45.83%	4.17%
Accounts Receivable	4,299	4,386	3,880	4,059	3,638	2,819
Other Receivables	42.31	39.83	43.15	40.33	65.24	50.64
Receivables	4,341	4,426	3,923	4,099	3,703	2,869
Inventory	2,315	2,222	2,569	3,077	3,455	3,650
Prepaid Expenses	-	0.03	0.62	4.71	18.13	33.15
Other Current Assets	100.94	64.7	116.18	122.18	267.78	76.28
Total Current Assets	7,521	7,398	7,671	8,603	8,778	7,544
Property, Plant & Equipment	622.54	617.55	680.17	709.79	737.19	733.88
Long-Term Investments	307.89	313.79	266.22	201.63	146.83	159.63
Other Intangible Assets	292.04	71.43	68.75	60.81	60.81	65.71
Long-Term Deferred Tax Assets	316.19	306.37	286.59	126.41	69.62	55.73
Long-Term Deferred Charges	4.38	2.08	4.89	8.04	8.32	5.02
Other Long-Term Assets	27.57	249.49	22.45	58.14	22.79	13.23
Total Assets	9,229	8,958	9,000	9,768	9,823	8,577
Accounts Payable	2,601	2,597	2,725	3,222	3,530	3,168
Accrued Expenses	16.24	130.28	56.4	66.11	101.38	119.74
Short-Term Debt	214.52	180.1	100.06	300.19	366.22	110
Current Portion of Long-Term Debt	346.9	238.32	234.59	4	-	100
Current Portion of Leases	-	1.81	10.9	10.71	12.98	16.45
Current Income Taxes Payable	8.12	1.4	2.54	0.97	4.95	9.39
Current Unearned Revenue	598.81	530.94	502.18	480.46	902.8	1,276
Other Current Liabilities	97.63	109.66	89.5	130.93	72.63	51.68
Total Current Liabilities	3,883	3,790	3,721	4,215	4,991	4,851
Long-Term Debt	1,064	1,094	742	746.51	400.3	-
Long-Term Leases	18.7	0.94	8.66	17.47	26.61	38.32
Long-Term Unearned Revenue	44.1	47.46	37.47	28.48	31.07	48.06
Long-Term Deferred Tax Liabilities	-	-	-	-	0.04	0.2
Other Long-Term Liabilities	76.83	0.2	0.1	-	-	-
Total Liabilities	5,087	4,932	4,509	5,008	5,449	4,938
Common Stock	772	772	772	772	772	772
Additional Paid-In Capital	918.2	918.2	918.2	918.2	916.96	939.55
Retained Earnings	2,121	2,186	2,678	2,973	2,618	1,921
Comprehensive Income & Other	13.78	12.41	9.14	5	-	-
Total Common Equity	3,825	3,888	4,377	4,668	4,307	3,632
Minority Interest	316.79	137.66	113.33	91.74	67.25	7.32
Shareholders' Equity	4,141	4,026	4,491	4,760	4,374	3,639
Total Liabilities & Equity	9,229	8,958	9,000	9,768	9,823	8,577
Total Debt	1,644	1,515	1,096	1,079	806.11	264.77
Net Cash (Debt)	-880.05	-829.86	-33.47	220.69	528.16	650.18
Net Cash Growth	-	-	-	-58.22%	-18.77%	6.88%
Net Cash Per Share	-1.13	-1.08	-0.04	0.29	0.68	0.84
Filing Date Shares Outstanding	815.07	772	772	772	772	772
Total Common Shares Outstanding	815.07	772	772	772	772	772
Working Capital	3,638	3,608	3,950	4,388	3,787	2,693
Book Value Per Share	4.69	5.04	5.67	6.05	5.58	4.70
Tangible Book Value	3,396	3,817	4,309	4,608	4,246	3,566
Tangible Book Value Per Share	4.17	4.94	5.58	5.97	5.50	4.62
Buildings	-	650.34	654.47	625.76	612.3	612.3
Machinery	-	575.32	560.04	554.24	446.75	448.83
Construction In Progress	-	15.79	10.87	13.1	86.33	5.18

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