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	Sep '26 Sep 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	454.52	485.01	281.69	404.82	448.87	343.62
Trading Asset Securities	40.06	39.56	50.07	3.03	10	-
Cash & Short-Term Investments	494.58	524.57	331.75	407.86	458.87	343.62
Cash Growth	-1.78%	58.12%	-18.66%	-11.12%	33.54%	12.33%
Accounts Receivable	648.85	625.66	627.35	616.23	547.51	789.97
Other Receivables	24.04	11.01	22.3	37.54	31.18	55.48
Receivables	672.89	636.67	649.65	653.77	578.68	845.45
Inventory	487.65	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	41.18	29.86	60.69	40.94	56.81	30.77
Total Current Assets	1,696	1,671	1,582	1,565	1,613	1,687
Property, Plant & Equipment	577.18	601.08	613.28	637.68	690.23	731.99
Long-Term Investments	148.92	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	149.4	154.96	166.61	175.32	187.2	199.41
Long-Term Deferred Tax Assets	159.66	163.15	103.5	101.79	115.8	79.3
Long-Term Deferred Charges	31.5	38.11	44.52	33.2	33.27	29.18
Other Long-Term Assets	78.27	63.72	65.38	60.93	5.57	11.35
Total Assets	3,016	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	Sep '26 Sep 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	395.05	479.4	470.63	479.41	497.21	432.22
Accrued Expenses	43.83	73.3	65.17	94.22	89.39	86.98
Short-Term Debt	359.97	463.74	575.81	485.71	666.36	715.52
Current Portion of Long-Term Debt	189.66	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	13.4	12.9	6.4	0.97	5.89	6.37
Current Unearned Revenue	185.19	189.22	170.99	192.28	239.39	259.46
Other Current Liabilities	222.37	198.3	209.2	222.65	208.75	201.77
Total Current Liabilities	1,409	1,581	1,627	1,635	1,821	1,783
Long-Term Debt	580.45	347.14	270.13	285.59	375.26	379.56
Long-Term Leases	8.77	12.68	14.86	16	11.17	17.82
Long-Term Unearned Revenue	13.04	15.32	11.23	11.53	13.48	16.71
Long-Term Deferred Tax Liabilities	22.89	21.64	24.73	26.43	24.79	26.72
Total Liabilities	2,035	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	Sep '26 Sep 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	275.98	275.21	193.76	129.52	8.58	174.05
Treasury Stock	-60.03	-30.03	-30.03	-	-9.04	-15.3
Total Common Equity	812.08	841.41	759.96	720.84	524.04	664.01
Minority Interest	168.98	166.25	145.49	125.84	94.54	165.54
Shareholders' Equity	981.06	1,008	905.44	846.68	618.58	829.55
Total Liabilities & Equity	3,016	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	Sep '26 Sep 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	1,139	987.26	989.74	946.65	1,167	1,193
Net Cash (Debt)	-644.27	-462.68	-657.99	-538.79	-707.78	-849.61
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.12	-1.53	-2.15	-1.83	-2.41	-2.92
Filing Date Shares Outstanding	298.6	301.21	301.21	305.69	287.49	287.49
Total Common Shares Outstanding	298.6	301.21	301.21	305.69	287.49	287.49
Working Capital	286.83	90.28	-45.13	-69.13	-208.17	-95.86
Book Value Per Share	2.72	2.79	2.52	2.36	1.82	2.31
Tangible Book Value	488.23	511.99	418.9	382.05	173.37	212.48
Tangible Book Value Per Share	1.64	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