SHA:603867 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	389.95	537.43	756.47	732.03	683.32	411.58
Trading Asset Securities	160.14	130.22	-	-	239	195
Cash & Short-Term Investments	550.09	667.65	756.47	732.03	922.32	606.58
Cash Growth	-11.69%	-11.74%	3.34%	-20.63%	52.05%	-20.89%
Accounts Receivable	924.6	809.91	788.94	644.41	620.91	570.31
Other Receivables	10.84	12.6	5.68	3.66	8.08	2.29
Receivables	935.44	822.51	794.62	648.07	628.99	572.61
Inventory	417.19	423.16	343.62	309.99	302.25	317.48
Other Current Assets	112.37	70.93	73.24	86.29	112.41	81.44
Total Current Assets	2,015	1,984	1,968	1,776	1,966	1,578
Property, Plant & Equipment	2,301	2,356	2,084	1,958	1,594	1,033
Long-Term Investments	113.27	112.97	103.03	69.32	3.29	3.33
Other Intangible Assets	150.58	150.39	151.71	142.33	140.62	151.57
Long-Term Deferred Tax Assets	3.38	4.15	2.71	7.55	6.84	6.07
Long-Term Deferred Charges	-	-	0.37	-	-	-
Other Long-Term Assets	10.34	12.43	38.68	17.46	21.69	41.46
Total Assets	4,598	4,620	4,348	3,971	3,733	2,813
Accounts Payable	605.6	679.32	678.51	574.98	642.51	556.79
Accrued Expenses	15.73	41.84	66.8	62.13	67.23	68.48
Short-Term Debt	30.52	36.53	68.02	48.05	140.16	191.61
Current Portion of Long-Term Debt	54.15	12.27	26.41	-	-	-
Current Portion of Leases	-	-	0.36	0.31	-	-
Current Income Taxes Payable	22.64	18.61	23.56	17.54	7.21	14.34
Current Unearned Revenue	28.37	52.47	36.19	25.99	19.88	30.17
Other Current Liabilities	42.63	50.54	10.76	10.44	7.61	18.14
Total Current Liabilities	799.64	891.57	910.6	739.43	884.6	879.53
Long-Term Debt	225.62	247.79	700.95	694.76	542.57	25.58
Long-Term Leases	-	-	1.29	1.65	-	-
Long-Term Unearned Revenue	64.55	65.79	54.08	38.6	31.82	26.95
Long-Term Deferred Tax Liabilities	3.98	5.48	5.83	25.45	23.07	24.57
Other Long-Term Liabilities	72.09	72.56	81.92	68.72	72.21	101.78
Total Liabilities	1,166	1,283	1,755	1,569	1,554	1,058
Common Stock	217.49	217.49	187.56	185.59	184.63	141.41
Additional Paid-In Capital	1,170	1,167	565.86	525.17	507.75	529.6
Retained Earnings	1,788	1,706	1,532	1,387	1,237	978.16
Treasury Stock	-43.33	-43.33	-60	-	-	-5.85
Comprehensive Income & Other	6.45	6.97	102.43	107.16	107.94	12.09
Total Common Equity	3,138	3,055	2,327	2,205	2,037	1,655
Minority Interest	293.93	282.08	266.2	196.97	141.64	99.39
Shareholders' Equity	3,432	3,337	2,594	2,402	2,178	1,755
Total Liabilities & Equity	4,598	4,620	4,348	3,971	3,733	2,813
Total Debt	310.29	296.59	797.03	744.77	682.73	217.18
Net Cash (Debt)	239.8	371.06	-40.56	-12.74	239.59	389.4
Net Cash Growth	-	-	-	-	-38.47%	-36.57%
Net Cash Per Share	1.22	1.97	-0.21	-0.07	1.30	2.14
Filing Date Shares Outstanding	219.65	182.72	190.38	185.59	184.63	183.83
Total Common Shares Outstanding	219.65	182.72	185.16	185.59	184.63	183.83
Working Capital	1,215	1,093	1,057	1,037	1,081	698.59
Book Value Per Share	14.29	16.72	12.57	11.88	11.03	9.01
Tangible Book Value	2,983	2,904	2,176	2,063	1,896	1,504
Tangible Book Value Per Share	13.58	15.90	11.75	11.11	10.27	8.18
Buildings	-	-	861.85	525.05	396.69	389.08
Machinery	-	-	1,517	1,099	988.69	924.32
Construction In Progress	-	-	596.32	1,107	901.46	346.48

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