SHA:603856 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	328.94	515.02	365.38	394.27	478.16	282.97
Cash & Short-Term Investments	409.54	515.02	365.38	394.27	478.16	282.97
Cash Growth	-12.12%	40.96%	-7.33%	-17.54%	68.98%	-11.01%
Accounts Receivable	1,564	1,566	1,478	1,439	1,720	1,537
Other Receivables	102.76	172.52	286.51	281.52	70.84	75.6
Receivables	1,667	1,739	1,764	1,720	1,791	1,613
Inventory	388.89	380.22	304.32	321.56	439.05	442.02
Other Current Assets	337.94	295.32	63.08	65.14	130.94	61.03
Total Current Assets	2,804	2,929	2,497	2,501	2,839	2,399
Property, Plant & Equipment	807.22	798.8	794.71	664.28	678.32	676.65
Long-Term Investments	28	28.08	185.31	195.51	187.52	163.79
Other Intangible Assets	165.25	166.28	144.6	124.15	126.97	129.64
Long-Term Deferred Tax Assets	42.57	38.21	44.91	49.39	43.9	37.04
Other Long-Term Assets	16.05	25.7	31.83	24.12	61.77	62.33
Total Assets	3,863	3,986	3,698	3,559	3,938	3,468
Accounts Payable	129.64	139.24	105.55	84.6	119.42	103.05
Accrued Expenses	135.76	118.75	115.69	123.16	96.6	98.88
Short-Term Debt	0.01	72	586.04	560.1	803.4	771.04
Current Portion of Long-Term Debt	-	260.74	0.24	247.27	-	-
Current Portion of Leases	-	-	0.36	11.83	14.92	24.31
Current Income Taxes Payable	-	16.11	0.97	1.75	9.96	3.32
Current Unearned Revenue	335.26	302.69	52.51	68.52	220.85	146.89
Other Current Liabilities	323.71	181.18	141.75	147.35	221.64	213.54
Total Current Liabilities	924.38	1,091	1,003	1,245	1,487	1,361
Long-Term Debt	27.06	-	247.3	-	247.27	-
Long-Term Leases	3.56	3.5	1.19	1.55	13.26	28.09
Long-Term Unearned Revenue	87.11	89.38	94.98	62.78	68.1	74.56
Long-Term Deferred Tax Liabilities	5.94	-	-	3.56	1.95	0.57
Other Long-Term Liabilities	14.53	17.36	-	-	-	-
Total Liabilities	1,063	1,201	1,347	1,312	1,817	1,464
Common Stock	282.06	282.06	256.41	256.9	257.39	258.03
Additional Paid-In Capital	874.21	874.21	653.89	656.48	661.63	665.27
Retained Earnings	1,668	1,624	1,434	1,313	1,197	1,087
Treasury Stock	-30	-	-	-2.74	-5.9	-9.89
Comprehensive Income & Other	0.37	-0.08	1.02	15.42	9.24	3.2
Total Common Equity	2,795	2,780	2,345	2,239	2,119	2,004
Minority Interest	5.15	5.49	6.34	6.59	0.93	-
Shareholders' Equity	2,800	2,785	2,352	2,246	2,120	2,004
Total Liabilities & Equity	3,863	3,986	3,698	3,559	3,938	3,468
Total Debt	30.64	336.24	835.12	820.75	1,079	823.44
Net Cash (Debt)	378.9	178.78	-469.74	-426.48	-600.69	-540.47
Net Cash Per Share	1.46	0.70	-1.83	-1.67	-2.34	-2.11
Filing Date Shares Outstanding	278.81	225.29	256.41	256.9	257.39	258.03
Total Common Shares Outstanding	278.81	225.29	256.41	256.9	257.39	258.03
Working Capital	1,879	1,839	1,494	1,256	1,352	1,038
Book Value Per Share	10.02	12.34	9.15	8.72	8.23	7.77
Tangible Book Value	2,630	2,614	2,201	2,115	1,992	1,874
Tangible Book Value Per Share	9.43	11.60	8.58	8.23	7.74	7.26
Buildings	-	-	427.8	419.97	407.03	233.48
Machinery	-	-	545.76	536.5	502.92	458.09
Construction In Progress	-	-	179.47	14.31	26.34	198.58

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