SHA:603868 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	345.14	181.1	186.58	524.76	507.9	348.05
Trading Asset Securities	1,695	1,593	956.62	1,322	1,010	895.57
Cash & Short-Term Investments	2,040	1,774	1,143	1,847	1,518	1,244
Cash Growth	41.86%	55.17%	-38.10%	21.64%	22.08%	12.90%
Accounts Receivable	182.63	197.72	261.04	242.35	277.43	400.16
Other Receivables	15.88	17.21	34.32	31.41	28.32	20.51
Receivables	198.51	214.94	295.36	273.76	305.74	420.67
Inventory	315.84	432.24	635.96	472.91	652.45	636.26
Other Current Assets	73.08	74.84	85.82	130.23	94.29	68.86
Total Current Assets	2,628	2,496	2,160	2,724	2,571	2,369
Property, Plant & Equipment	1,050	1,069	1,142	1,204	1,273	1,301
Long-Term Investments	153.91	158.01	196.58	270.42	218.99	220.53
Other Intangible Assets	181.23	182.5	186.9	191.9	196.47	201.45
Long-Term Deferred Tax Assets	66.9	62.47	59.71	44.5	69.56	67.78
Long-Term Deferred Charges	9.53	10.77	20.04	18.2	16.21	1.62
Other Long-Term Assets	1.73	2.34	10.43	6.24	1.13	5.96
Total Assets	4,091	3,982	3,776	4,459	4,347	4,167
Accounts Payable	161.82	296.1	340.53	404.95	450.67	547.3
Accrued Expenses	53.17	57.79	78.92	97.61	91.67	192.48
Current Portion of Long-Term Debt	0.43	0.39	-	-	-	-
Current Portion of Leases	-	-	6.48	16.43	14.85	3.52
Current Income Taxes Payable	90.34	66.38	24.1	28.22	34.41	113.12
Current Unearned Revenue	103.72	69.5	47.88	58.43	40.22	37.86
Other Current Liabilities	103.04	97.9	172.49	190.97	178.27	133.13
Total Current Liabilities	512.51	588.06	670.41	796.6	810.1	1,027
Long-Term Leases	0.26	0.13	2.4	9.84	10.69	2.02
Long-Term Unearned Revenue	62.94	66.49	70.68	76.13	76.21	79.11
Long-Term Deferred Tax Liabilities	0.3	0.2	0.01	0.29	2.41	2.86
Other Long-Term Liabilities	-	-	-	-	18.98	14.87
Total Liabilities	576	654.87	743.49	882.85	918.4	1,126
Common Stock	435.6	435.6	435.6	435.6	435.6	435.6
Additional Paid-In Capital	690.72	690.72	690.72	690.89	691.36	692.83
Retained Earnings	2,388	2,200	1,906	2,450	2,301	1,914
Comprehensive Income & Other	0.44	0.44	0.55	0.24	-	-
Total Common Equity	3,515	3,327	3,032	3,576	3,428	3,042
Minority Interest	-	-	-	-	-	-1.12
Shareholders' Equity	3,515	3,327	3,032	3,576	3,428	3,041
Total Liabilities & Equity	4,091	3,982	3,776	4,459	4,347	4,167
Total Debt	0.69	0.52	8.88	26.27	25.55	5.53
Net Cash (Debt)	2,039	1,773	1,134	1,821	1,493	1,238
Net Cash Growth	42.32%	56.34%	-37.69%	21.96%	20.57%	12.39%
Net Cash Per Share	4.68	4.09	2.60	4.18	3.43	2.84
Filing Date Shares Outstanding	438.56	429.85	435.6	435.6	435.6	435.6
Total Common Shares Outstanding	438.56	429.85	435.6	435.6	435.6	435.6
Working Capital	2,115	1,908	1,490	1,927	1,761	1,342
Book Value Per Share	8.02	7.74	6.96	8.21	7.87	6.98
Tangible Book Value	3,334	3,144	2,846	3,384	3,232	2,841
Tangible Book Value Per Share	7.60	7.31	6.53	7.77	7.42	6.52
Buildings	-	-	1,105	1,105	1,105	901.89
Machinery	-	-	387.56	349.23	322.25	296.13
Construction In Progress	-	-	117.75	112.32	122.31	323.78

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