SHA:603871 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	1,964	1,560	925.46	1,781	949.43	1,169
Cash & Short-Term Investments	1,964	1,560	925.46	1,781	949.43	1,169
Cash Growth	36.02%	68.58%	-48.05%	87.63%	-18.76%	-33.31%
Accounts Receivable	383.59	337.91	470.52	433.85	341.16	258.81
Other Receivables	277.67	40.72	39.8	32.57	54.7	42.04
Receivables	661.25	378.63	510.32	466.42	395.86	300.85
Inventory	844.69	749.86	1,374	889.34	792.66	191.11
Prepaid Expenses	-	-	4.75	0.13	9.3	1.32
Other Current Assets	1,149	1,002	665.76	398.36	594.62	759.92
Total Current Assets	4,619	3,691	3,480	3,536	2,742	2,422
Property, Plant & Equipment	1,174	1,165	1,157	730.08	729.98	727.09
Long-Term Investments	748.38	743.39	702.4	36.94	15.91	15.91
Goodwill	279.07	279.07	279.07	208.37	208.37	208.37
Other Intangible Assets	1,883	1,927	1,779	1,738	1,583	1,079
Long-Term Accounts Receivable	-	-	1.72	49.66	59.87	73.01
Long-Term Deferred Tax Assets	26.57	20.25	29.11	11.27	13.81	9.53
Long-Term Deferred Charges	0.53	0.13	0.59	0.71	-	5.92
Other Long-Term Assets	263.67	265.1	214.83	157.03	3.24	15.66
Total Assets	8,994	8,091	7,645	6,467	5,356	4,556
Accounts Payable	731.64	693.39	584.2	712.01	615.03	515.45
Accrued Expenses	46.62	50.64	65.92	37.86	38.61	22.9
Short-Term Debt	565.55	338.03	157.92	53.83	-	-
Current Portion of Long-Term Debt	4.81	7.93	-	-	-	1.76
Current Portion of Leases	-	-	6.3	2.18	1.92	1.25
Current Income Taxes Payable	127.85	159.65	218.07	148.91	74.7	46.26
Current Unearned Revenue	559.27	281.65	671.21	358.5	302.24	289.39
Other Current Liabilities	315.27	271.09	120.92	112.18	66.75	59.17
Total Current Liabilities	2,351	1,802	1,825	1,425	1,099	936.18
Long-Term Debt	60	-	-	-	-	667.54
Long-Term Leases	20.24	9.92	3.02	0.92	2.44	0.05
Long-Term Unearned Revenue	14.36	14.68	15.95	17.13	15.3	15.81
Long-Term Deferred Tax Liabilities	54.08	49.73	29.73	12.09	12.86	9.59
Other Long-Term Liabilities	51.91	47.43	31.03	14.67	-	-
Total Liabilities	2,552	1,924	1,904	1,470	1,130	1,629
Common Stock	1,368	1,368	977.15	698.84	500.05	316.96
Additional Paid-In Capital	936.06	935.08	1,320	1,624	1,839	1,232
Retained Earnings	3,974	3,647	3,170	2,534	1,744	1,221
Treasury Stock	-42.38	-42.38	-57.06	-115.82	-75	-
Comprehensive Income & Other	54.27	108.48	181.63	134.54	149.44	86.65
Total Common Equity	6,290	6,016	5,592	4,876	4,158	2,857
Minority Interest	152.18	151.3	148.28	121.48	68.95	70.19
Shareholders' Equity	6,443	6,167	5,740	4,997	4,226	2,927
Total Liabilities & Equity	8,994	8,091	7,645	6,467	5,356	4,556
Total Debt	650.6	355.88	167.24	56.93	4.36	670.6
Net Cash (Debt)	1,313	1,204	758.21	1,724	945.06	498.05
Net Cash Growth	30.14%	58.83%	-56.03%	82.47%	89.75%	-55.68%
Net Cash Per Share	0.96	0.88	0.55	1.26	0.71	0.41
Filing Date Shares Outstanding	1,365	1,337	1,364	1,364	1,362	1,218
Total Common Shares Outstanding	1,365	1,337	1,364	1,364	1,362	1,218
Working Capital	2,268	1,888	1,656	2,110	1,643	1,486
Book Value Per Share	4.61	4.50	4.10	3.58	3.05	2.35
Tangible Book Value	4,128	3,810	3,534	2,930	2,366	1,570
Tangible Book Value Per Share	3.02	2.85	2.59	2.15	1.74	1.29
Buildings	-	-	927.9	751.82	731.44	581.66
Machinery	-	-	631.33	237.12	237.94	217.63
Construction In Progress	-	-	34.72	7.13	-	132.25

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