SHA:603768 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	687.9	471.55	762.18	367.79	225.25	275.61
Trading Asset Securities	50	50	-	-	-	-
Cash & Short-Term Investments	737.9	521.55	762.18	367.79	225.25	275.61
Cash Growth	21.19%	-31.57%	107.23%	63.28%	-18.27%	-43.26%
Accounts Receivable	1,182	1,139	1,024	959.8	885.63	744.02
Other Receivables	8.99	7.21	2.26	4.34	5.22	1.81
Receivables	1,191	1,146	1,026	964.14	890.85	745.83
Inventory	648.8	506.03	495.73	410.94	427.66	361.72
Other Current Assets	284.31	249.14	221.63	202.92	155.34	187.99
Total Current Assets	2,862	2,422	2,505	1,946	1,699	1,571
Property, Plant & Equipment	3,077	2,988	2,811	2,510	2,067	1,773
Long-Term Investments	59.13	38.73	-	-	-	-
Other Intangible Assets	353.7	334.32	373.99	328.98	300.03	307.59
Long-Term Deferred Tax Assets	82.7	82.39	58.22	32.05	41.79	37.31
Long-Term Deferred Charges	119.06	107.52	84.86	27.03	48.5	54.15
Other Long-Term Assets	45.36	48.82	34.28	59.34	44.35	118.13
Total Assets	6,599	6,022	5,867	4,904	4,200	3,861
Accounts Payable	1,659	1,499	1,276	1,028	855.21	717.62
Accrued Expenses	103.57	101.11	105.55	103.13	104.72	101.43
Short-Term Debt	1,141	911.91	895.09	963.06	603.22	714.1
Current Portion of Long-Term Debt	343.26	340.54	330.06	177.95	196.61	87.26
Current Portion of Leases	-	-	-	-	5.43	3.9
Current Income Taxes Payable	24.08	24.46	6.21	2.41	9.32	13.31
Current Unearned Revenue	106.26	98.75	61.61	56.12	81.6	85.22
Other Current Liabilities	28.38	23.23	5.43	7.95	4.21	3.13
Total Current Liabilities	3,406	2,999	2,680	2,339	1,860	1,726
Long-Term Debt	829.33	668.94	598.19	414.25	297.69	196.79
Long-Term Leases	28.46	23.05	1.5	1.64	5	4.37
Long-Term Unearned Revenue	145.96	142.49	155.69	151.08	150.2	133.39
Long-Term Deferred Tax Liabilities	0.16	0.22	0.23	0.65	2.05	-
Total Liabilities	4,410	3,834	3,436	2,906	2,315	2,061
Common Stock	237.96	237.96	237.96	204	204	204
Additional Paid-In Capital	1,155	1,155	1,155	796.64	796.64	796.64
Retained Earnings	826.72	819.78	1,039	996.73	884.48	800.3
Treasury Stock	-30.01	-24.38	-	-	-	-
Shareholders' Equity	2,190	2,188	2,432	1,997	1,885	1,801
Total Liabilities & Equity	6,599	6,022	5,867	4,904	4,200	3,861
Total Debt	2,342	1,944	1,825	1,557	1,108	1,006
Net Cash (Debt)	-1,605	-1,423	-1,063	-1,189	-882.7	-730.79
Net Cash Per Share	-6.54	-5.97	-4.68	-5.87	-4.30	-3.57
Filing Date Shares Outstanding	231.15	250.21	237.96	204	204	204
Total Common Shares Outstanding	231.15	250.21	237.96	204	204	204
Working Capital	-543.7	-576.55	-174.63	-392.87	-161.22	-154.8
Book Value Per Share	9.47	8.75	10.22	9.79	9.24	8.83
Tangible Book Value	1,836	1,854	2,058	1,668	1,585	1,493
Tangible Book Value Per Share	7.94	7.41	8.65	8.18	7.77	7.32
Buildings	-	-	1,450	1,006	978.14	787.05
Machinery	-	-	2,841	2,414	2,104	1,708
Construction In Progress	-	-	292.06	662.13	331.53	443.07

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