SHA:603725 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	446.33	485.01	281.69	404.82	448.87	343.62
Trading Asset Securities	115.06	39.56	50.07	3.03	10	-
Cash & Short-Term Investments	561.39	524.57	331.75	407.86	458.87	343.62
Cash Growth	48.95%	58.12%	-18.66%	-11.12%	33.54%	12.33%
Accounts Receivable	640.74	625.66	627.35	616.23	547.51	789.97
Other Receivables	13.58	11.01	22.3	37.54	31.18	55.48
Receivables	654.32	636.67	649.65	653.77	578.68	845.45
Inventory	463.32	477.19	533.31	452.96	516.55	461.16
Prepaid Expenses	-	2.54	6.61	9.94	1.77	5.79
Other Current Assets	28.38	29.86	60.69	40.94	56.81	30.77
Total Current Assets	1,707	1,671	1,582	1,565	1,613	1,687
Property, Plant & Equipment	582.07	601.08	613.28	637.68	690.23	731.99
Long-Term Investments	125.15	118.7	103.77	82.96	55.91	62.86
Goodwill	174.45	174.45	174.45	163.47	163.47	252.13
Other Intangible Assets	150.5	154.96	166.61	175.32	187.2	199.41
Long-Term Deferred Tax Assets	156.88	163.15	103.5	101.79	115.8	79.3
Long-Term Deferred Charges	40.15	38.11	44.52	33.2	33.27	29.18
Other Long-Term Assets	63.68	63.72	65.38	60.93	5.57	11.35
Total Assets	3,000	2,985	2,854	2,821	2,864	3,053

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	391.07	479.4	470.63	479.41	497.21	432.22
Accrued Expenses	39.29	73.3	65.17	94.22	89.39	86.98
Short-Term Debt	421.73	463.74	575.81	485.71	666.36	715.52
Current Portion of Long-Term Debt	176.43	159.77	125.32	152.71	103.94	68.22
Current Portion of Leases	-	3.92	3.63	6.63	9.92	12.11
Current Income Taxes Payable	16.12	12.9	6.4	0.97	5.89	6.37
Current Unearned Revenue	185.29	189.22	170.99	192.28	239.39	259.46
Other Current Liabilities	213.5	198.3	209.2	222.65	208.75	201.77
Total Current Liabilities	1,443	1,581	1,627	1,635	1,821	1,783
Long-Term Debt	464.99	347.14	270.13	285.59	375.26	379.56
Long-Term Leases	10.21	12.68	14.86	16	11.17	17.82
Long-Term Unearned Revenue	13.83	15.32	11.23	11.53	13.48	16.71
Long-Term Deferred Tax Liabilities	23.28	21.64	24.73	26.43	24.79	26.72
Total Liabilities	1,957	1,977	1,948	1,974	2,246	2,223

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	304.86	304.86	304.86	218.35	207.77	209.44
Additional Paid-In Capital	291.36	291.36	291.36	372.96	316.74	295.82
Retained Earnings	308.7	275.21	193.76	129.52	8.58	174.05
Treasury Stock	-30.03	-30.03	-30.03	-	-9.04	-15.3
Total Common Equity	874.89	841.41	759.96	720.84	524.04	664.01
Minority Interest	168.02	166.25	145.49	125.84	94.54	165.54
Shareholders' Equity	1,043	1,008	905.44	846.68	618.58	829.55
Total Liabilities & Equity	3,000	2,985	2,854	2,821	2,864	3,053

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	1,073	987.26	989.74	946.65	1,167	1,193
Net Cash (Debt)	-511.98	-462.68	-657.99	-538.79	-707.78	-849.61
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.69	-1.53	-2.15	-1.83	-2.41	-2.92
Filing Date Shares Outstanding	285.94	301.21	301.21	305.69	287.49	287.49
Total Common Shares Outstanding	285.94	301.21	301.21	305.69	287.49	287.49
Working Capital	263.97	90.28	-45.13	-69.13	-208.17	-95.86
Book Value Per Share	3.06	2.79	2.52	2.36	1.82	2.31
Tangible Book Value	549.94	511.99	418.9	382.05	173.37	212.48
Tangible Book Value Per Share	1.92	1.70	1.39	1.25	0.60	0.74
Buildings	-	428.63	430.97	428.92	428.89	428.69
Machinery	-	847.49	821.17	805	767.54	721.87
Construction In Progress	-	14.46	2.77	2.37	24.65	29.57