SHA:603848 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	180.15	206.35	272.57	380.56	124.1	393.45
Short-Term Investments	-	-	121.03	-	167.59	-
Trading Asset Securities	351.3	200.23	100.45	-	-	751.15
Cash & Short-Term Investments	531.45	406.59	494.04	380.56	291.68	1,145
Cash Growth	30.33%	-17.70%	29.82%	30.47%	-74.52%	-0.06%
Accounts Receivable	74.29	104.27	68.5	92.66	104.19	121.77
Other Receivables	12.63	8.7	8.35	6.82	4.3	4.98
Receivables	86.92	112.97	76.85	99.48	108.49	126.75
Inventory	102.98	137.65	149.52	158.01	196.59	196.48
Other Current Assets	90.68	182.01	26.7	13.9	18.47	28.52
Total Current Assets	812.03	839.22	747.12	651.94	615.24	1,496
Property, Plant & Equipment	788.32	745.87	650.53	477.38	482.32	448.99
Long-Term Investments	143.86	144.2	134.76	134.76	134.76	78.14
Other Intangible Assets	1,310	1,320	1,355	1,392	1,426	104.78
Long-Term Deferred Tax Assets	39.68	37.36	38.97	38.42	28.32	22.35
Long-Term Deferred Charges	40.49	43.64	44.79	30.34	12.83	4.53
Other Long-Term Assets	410.03	416.97	402.89	434.84	122.19	189.91
Total Assets	3,544	3,547	3,374	3,159	2,821	2,345
Accounts Payable	222.93	260.91	275.32	295	191.82	265.65
Accrued Expenses	14.79	29.55	46.93	56.64	36.1	43.06
Short-Term Debt	-	-	-	-	33.66	-
Current Portion of Long-Term Debt	0.32	0.31	-	-	-	-
Current Portion of Leases	-	-	0.28	0.52	0.48	0.45
Current Income Taxes Payable	21.34	24.27	8.51	18.89	11.47	16.1
Current Unearned Revenue	16.58	23.29	20.83	21.85	40.93	75.17
Other Current Liabilities	34.97	30.43	39.84	48.11	38.23	48.94
Total Current Liabilities	310.93	368.77	391.73	441	352.69	449.38
Long-Term Debt	209.27	195.62	120.86	-	-	-
Long-Term Leases	2.12	2.21	2.51	5.41	5.93	6.41
Long-Term Unearned Revenue	2.32	0.57	0.29	0.39	0.64	0.94
Long-Term Deferred Tax Liabilities	16.71	17.68	18.23	17.78	17.86	9.3
Total Liabilities	541.36	584.85	533.63	464.6	377.12	466.04
Common Stock	402.41	402.41	404.01	404.21	401	401
Additional Paid-In Capital	357.48	357.48	368.58	363.59	-	337.61
Retained Earnings	1,749	1,709	1,586	1,458	1,211	1,093
Treasury Stock	-	-	-12.51	-25.44	-	-
Comprehensive Income & Other	95.84	95.84	95.84	95.84	433.45	47.72
Total Common Equity	2,605	2,564	2,442	2,296	2,045	1,879
Minority Interest	398.02	398.06	398.2	398.53	398.89	-
Shareholders' Equity	3,003	2,962	2,840	2,695	2,444	1,879
Total Liabilities & Equity	3,544	3,547	3,374	3,159	2,821	2,345
Total Debt	211.72	198.14	123.66	5.93	40.08	6.86
Net Cash (Debt)	319.73	208.45	370.39	374.63	251.61	1,138
Net Cash Growth	25.70%	-43.72%	-1.13%	48.89%	-77.89%	-0.65%
Net Cash Per Share	0.81	0.52	0.92	0.94	0.63	2.84
Filing Date Shares Outstanding	406.32	400.42	403.91	384.42	401	401
Total Common Shares Outstanding	406.32	400.42	404.01	384.42	401	401
Working Capital	501.1	470.45	355.39	210.94	262.54	1,047
Book Value Per Share	6.41	6.40	6.04	5.97	5.10	4.69
Tangible Book Value	1,295	1,244	1,087	904.55	619.64	1,774
Tangible Book Value Per Share	3.19	3.11	2.69	2.35	1.55	4.42
Buildings	-	-	365.25	312.74	381.35	252.32
Machinery	-	-	142.8	124.65	84.49	72.58
Construction In Progress	-	-	249.84	127.26	86.39	181.35

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