SHA:603817 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	272.07	227.46	362.86	466.28	483.33	309.99
Trading Asset Securities	165.57	266.96	177.89	190.31	140.78	-
Cash & Short-Term Investments	437.64	494.41	540.75	656.59	624.11	309.99
Cash Growth	-53.11%	-8.57%	-17.64%	5.20%	101.34%	-12.01%
Accounts Receivable	1,860	1,843	1,577	1,520	1,376	914.6
Other Receivables	11.74	13.21	116.21	92.02	78.46	89.95
Receivables	1,872	1,856	1,694	1,612	1,455	1,005
Inventory	26.59	18.63	18.5	16.29	42.92	26.36
Prepaid Expenses	-	-	-	0.29	0.04	0.02
Other Current Assets	142.28	134.54	9.09	2.62	9.9	21.03
Total Current Assets	2,479	2,504	2,262	2,287	2,132	1,362
Property, Plant & Equipment	993.81	1,000	1,131	1,334	1,375	1,619
Long-Term Investments	154.02	151.78	145.59	142.54	139.84	144.65
Other Intangible Assets	2,071	2,073	2,104	1,897	1,890	1,536
Long-Term Deferred Tax Assets	59.79	56.64	44.61	36.54	30.85	20.99
Long-Term Deferred Charges	19.11	19.58	20.19	20.24	21.91	24.17
Other Long-Term Assets	1,226	1,130	1,053	468.23	238.97	234.11
Total Assets	7,003	6,935	6,761	6,186	5,828	4,941
Accounts Payable	683.09	780.47	10.94	0.8	4.38	0.85
Accrued Expenses	17.9	12.68	267.71	190.01	144.97	107.71
Short-Term Debt	771.34	734.16	536.34	676.5	683.9	515.13
Current Portion of Long-Term Debt	181.1	126.93	601.16	133.51	137.46	142.92
Current Portion of Leases	-	-	-	-	0.6	0.45
Current Income Taxes Payable	57.78	44.1	21.89	10.1	23.81	23.32
Current Unearned Revenue	8.03	5.79	6.41	1.79	21.16	21.72
Other Current Liabilities	376.06	390.91	670.89	644.41	569.56	538.17
Total Current Liabilities	2,095	2,095	2,115	1,657	1,586	1,350
Long-Term Debt	1,170	1,197	1,501	1,514	1,163	1,130
Long-Term Leases	-	-	-	-	-	0.47
Long-Term Unearned Revenue	70.68	72.37	105.35	114.23	216	231.34
Long-Term Deferred Tax Liabilities	-	-	1.58	1.61	2.17	1.94
Other Long-Term Liabilities	311.1	280.44	118.78	86.25	69.17	53.62
Total Liabilities	3,647	3,645	3,842	3,373	3,037	2,768
Common Stock	570.08	570.08	534.36	534.36	534.35	450.17
Additional Paid-In Capital	1,299	1,299	1,055	1,055	1,045	626.73
Retained Earnings	1,401	1,333	1,155	1,017	902.51	784.29
Comprehensive Income & Other	-	-	75.93	75.93	75.94	75.97
Total Common Equity	3,270	3,202	2,821	2,683	2,558	1,937
Minority Interest	86.18	87.73	98.13	130	233.13	235.65
Shareholders' Equity	3,356	3,290	2,919	2,813	2,791	2,173
Total Liabilities & Equity	7,003	6,935	6,761	6,186	5,828	4,941
Total Debt	2,122	2,058	2,638	2,324	1,985	1,789
Net Cash (Debt)	-1,685	-1,564	-2,098	-1,668	-1,361	-1,479
Net Cash Per Share	-2.96	-2.79	-3.77	-3.12	-2.76	-3.25
Filing Date Shares Outstanding	570.15	569.83	534.36	534.36	534.35	450.17
Total Common Shares Outstanding	570.15	569.83	534.36	534.36	534.35	450.17
Working Capital	383.37	408.78	146.63	630.34	545.86	11.69
Book Value Per Share	5.73	5.62	5.28	5.02	4.79	4.30
Tangible Book Value	1,198	1,129	716.64	785.27	668.35	401.62
Tangible Book Value Per Share	2.10	1.98	1.34	1.47	1.25	0.89
Buildings	-	-	1,485	1,497	1,479	1,479
Machinery	-	-	830.44	837.5	836.87	824.64
Construction In Progress	-	-	1.7	52.8	51.07	174.39

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