SHA:603861 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	468.26	561.41	575.38	472.02	453.21	1,437
Short-Term Investments	-	288.37	645.61	383.15	224.92	-
Trading Asset Securities	253.93	175.8	31.29	121.39	104.9	0.64
Cash & Short-Term Investments	722.19	1,026	1,252	976.56	783.03	1,438
Cash Growth	110.60%	-18.10%	28.23%	24.71%	-45.55%	14.40%
Accounts Receivable	2,265	2,343	2,120	1,898	1,883	2,286
Other Receivables	204.32	185.13	137.42	197.89	122.28	54.78
Receivables	2,470	2,528	2,258	2,096	2,005	2,341
Inventory	2,249	2,157	2,119	1,777	1,419	1,215
Other Current Assets	505.97	215.4	256.24	150.99	161.24	118.21
Total Current Assets	5,947	5,926	5,885	5,000	4,368	5,112
Property, Plant & Equipment	1,914	1,926	1,956	1,819	1,768	1,637
Long-Term Investments	217.74	1,119	647.54	863.58	1,267	284.47
Other Intangible Assets	378.7	382.32	390.32	398.4	415.23	415.78
Long-Term Accounts Receivable	991.76	993.34	927.4	633.95	529.42	483.96
Long-Term Deferred Tax Assets	46.33	47.31	59	58.84	72.87	64.62
Long-Term Deferred Charges	3.61	3.75	6.33	6.66	9.04	14
Other Long-Term Assets	1,398	323.84	136.85	151.12	81.04	111.91
Total Assets	10,897	10,721	10,009	8,932	8,511	8,123
Accounts Payable	3,240	3,411	3,469	2,957	2,685	2,477
Accrued Expenses	37.59	168.23	187.81	139.94	125.69	97.99
Short-Term Debt	600.32	458.13	651.42	357.76	448.55	535.28
Current Portion of Long-Term Debt	331.09	496.79	799.38	295.4	262.82	228.84
Current Portion of Leases	-	0.19	0.76	0.29	0.31	0.51
Current Income Taxes Payable	24.78	17.49	20.76	9.05	1.26	6.23
Current Unearned Revenue	526.57	513.88	422.47	398.57	349.99	102.68
Other Current Liabilities	164.51	137.97	174.65	147.99	136.09	171.53
Total Current Liabilities	4,925	5,204	5,726	4,306	4,010	3,620
Long-Term Debt	1,681	1,259	514.74	1,446	1,414	1,427
Long-Term Leases	0.09	0.03	0.34	0.3	0.53	0.68
Long-Term Unearned Revenue	52.63	53.25	46.47	50.3	55.13	62.96
Long-Term Deferred Tax Liabilities	5.16	4.92	24.55	25.78	21.1	19.92
Total Liabilities	6,664	6,521	6,313	5,829	5,501	5,130
Common Stock	540.53	540.53	492.56	436.05	435.97	435.98
Additional Paid-In Capital	1,213	1,213	856.64	388.92	388.21	387
Retained Earnings	2,279	2,245	2,114	1,954	1,855	1,837
Treasury Stock	-25.19	-22.16	-20.12	-	-	-16.04
Comprehensive Income & Other	-	-	49.44	108.26	108.36	108.38
Total Common Equity	4,008	3,977	3,493	2,887	2,788	2,752
Minority Interest	225.03	223.84	203.51	215.28	221.82	240.92
Shareholders' Equity	4,233	4,200	3,696	3,103	3,010	2,993
Total Liabilities & Equity	10,897	10,721	10,009	8,932	8,511	8,123
Total Debt	2,613	2,214	1,967	2,100	2,127	2,192
Net Cash (Debt)	-1,890	-1,189	-714.36	-1,123	-1,344	-754.08
Net Cash Per Share	-3.63	-2.33	-1.64	-2.56	-3.01	-1.72
Filing Date Shares Outstanding	537.63	537.63	490.03	435.5	435.97	435.98
Total Common Shares Outstanding	537.63	537.63	490.03	436.05	435.97	435.98
Working Capital	1,022	721.87	158.45	693.98	358.64	1,492
Book Value Per Share	7.45	7.40	7.13	6.62	6.39	6.31
Tangible Book Value	3,629	3,594	3,102	2,489	2,373	2,336
Tangible Book Value Per Share	6.75	6.69	6.33	5.71	5.44	5.36
Buildings	-	1,976	1,907	1,838	1,308	1,184
Machinery	-	763.94	729.08	744.34	703.48	663.01
Construction In Progress	-	15.53	73.09	24.79	476.28	439.68
Order Backlog	-	7,011	-	-	-	-

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