SHA:603878 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	690.51	756.75	602.18	639.92	506	475.92
Trading Asset Securities	450.72	410.66	347.58	453.37	363.57	533.2
Cash & Short-Term Investments	1,141	1,167	949.76	1,093	869.58	1,009
Cash Growth	83.00%	22.92%	-13.13%	25.73%	-13.83%	30.49%
Accounts Receivable	680.18	798.44	765.91	838.05	837.92	651.18
Other Receivables	8.86	8.17	11.29	35.13	11.15	10.65
Receivables	689.04	806.62	777.2	873.18	849.07	661.83
Inventory	921.58	814.69	1,016	1,190	1,053	906.11
Other Current Assets	37.02	12.57	43.57	24.02	31.88	16.19
Total Current Assets	2,789	2,801	2,786	3,180	2,804	2,593
Property, Plant & Equipment	777.09	800.96	836.69	863.89	763.52	725.94
Long-Term Investments	43.29	43.85	217	34.54	31.73	20.42
Other Intangible Assets	132.9	134.27	139.18	131.83	135.09	141.14
Long-Term Accounts Receivable	-	-	39.85	14.98	36.97	43.84
Long-Term Deferred Tax Assets	21.04	23.33	20.4	20.82	18.84	17.71
Long-Term Deferred Charges	-	-	-	-	0.02	0.05
Other Long-Term Assets	181.29	215.02	6.67	11.88	27.21	7.39
Total Assets	3,944	4,019	4,046	4,258	3,817	3,550
Accounts Payable	767.41	754.64	753.37	774.16	735.69	780.74
Accrued Expenses	16.97	26.94	49.3	27.02	20.6	29.38
Short-Term Debt	65.11	111.59	-	45.04	170.02	133.7
Current Portion of Long-Term Debt	-	-	75.61	55.05	-	-
Current Income Taxes Payable	3.69	17.56	-	15.34	3.16	1.83
Current Unearned Revenue	92.23	82	177.42	105.36	198	79.9
Other Current Liabilities	31.19	42.64	37.79	15.31	28.46	18.82
Total Current Liabilities	976.6	1,035	1,093	1,037	1,156	1,044
Long-Term Debt	307.44	304.06	292.97	359.93	55.05	-
Long-Term Unearned Revenue	49.9	51.86	53.04	62.11	22.45	31.21
Long-Term Deferred Tax Liabilities	-	-	-	-	2.82	1.88
Other Long-Term Liabilities	1.34	1.34	5.38	-	-	-
Total Liabilities	1,335	1,393	1,445	1,459	1,236	1,077
Common Stock	561.14	561.14	561.07	561.06	400.76	400.76
Additional Paid-In Capital	743.56	743.56	743.05	743	903.3	903.3
Retained Earnings	1,314	1,331	1,302	1,474	1,274	1,167
Treasury Stock	-29.92	-29.92	-25.81	-	-	-
Comprehensive Income & Other	20.54	19.9	21.2	21.41	2.58	0.96
Shareholders' Equity	2,609	2,626	2,601	2,799	2,581	2,472
Total Liabilities & Equity	3,944	4,019	4,046	4,258	3,817	3,550
Total Debt	372.55	415.64	368.59	460.02	225.08	133.7
Net Cash (Debt)	768.68	751.77	581.17	633.27	644.5	875.41
Net Cash Growth	191.87%	29.35%	-8.23%	-1.74%	-26.38%	56.00%
Net Cash Per Share	1.36	1.32	1.02	1.12	1.14	1.56
Filing Date Shares Outstanding	585.12	539.37	556.12	561.06	561.06	561.06
Total Common Shares Outstanding	585.12	539.37	556.12	561.06	561.06	561.06
Working Capital	1,812	1,766	1,693	2,143	1,648	1,549
Book Value Per Share	4.46	4.87	4.68	4.99	4.60	4.41
Tangible Book Value	2,476	2,492	2,462	2,667	2,446	2,331
Tangible Book Value Per Share	4.23	4.62	4.43	4.75	4.36	4.15
Buildings	-	-	517.36	503.51	379.32	383.24
Machinery	-	-	1,051	954.58	869.33	694.91
Construction In Progress	-	-	18.13	74.99	113.45	191.69

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