SHA:603887 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	1,552	1,923	666	1,074	941.79	1,126
Trading Asset Securities	47.67	1.04	1.65	-	-	237.14
Cash & Short-Term Investments	1,600	1,924	667.65	1,074	941.79	1,363
Cash Growth	13.59%	188.12%	-37.82%	14.02%	-30.89%	-39.22%
Accounts Receivable	1,938	2,003	1,735	2,447	3,029	3,224
Other Receivables	53.34	127.29	53.2	96.94	84.83	95.85
Receivables	1,991	2,130	1,788	2,544	3,114	3,320
Inventory	2,654	2,169	802.55	431.12	639.96	456.32
Prepaid Expenses	-	-	-	-	-	57.93
Other Current Assets	673.01	546.6	578.55	332.95	373.89	192.42
Total Current Assets	6,917	6,770	3,837	4,382	5,070	5,389
Property, Plant & Equipment	4,065	4,404	2,869	2,102	2,214	1,149
Long-Term Investments	6.3	6.35	11.93	12.35	24.83	34.15
Goodwill	348.38	348.38	348.38	348.38	833.41	833.41
Other Intangible Assets	85.16	85.66	96.44	99.55	106.89	117.05
Long-Term Deferred Tax Assets	270.55	278.3	208.73	167.41	111.94	86.01
Long-Term Deferred Charges	247.32	17.72	18.34	19.4	15.11	19.15
Other Long-Term Assets	147.63	161.26	597.82	188.15	89.13	82.93
Total Assets	12,087	12,072	7,988	7,319	8,465	7,711
Accounts Payable	2,775	2,987	1,401	1,207	1,521	1,289
Accrued Expenses	25.25	95.71	64.45	47.35	88.2	46.75
Short-Term Debt	776.51	818.92	741.43	874.07	1,215	1,405
Current Portion of Long-Term Debt	344.64	219.59	87.61	-	-	-
Current Portion of Leases	-	174.17	127.99	18.59	10.59	10.68
Current Income Taxes Payable	62.41	42.04	10.41	1.81	4.82	3.14
Current Unearned Revenue	1,404	1,059	433.17	199.68	332.44	87.26
Other Current Liabilities	243.13	208.68	143.83	167.66	81.32	146.27
Total Current Liabilities	5,631	5,604	3,010	2,517	3,253	2,988
Long-Term Debt	1,905	1,875	710.87	1,327	1,113	1,253
Long-Term Leases	657.94	1,070	684.51	691.26	658.43	30.14
Long-Term Unearned Revenue	8.15	8.48	9.94	11.44	12.93	14.42
Long-Term Deferred Tax Liabilities	5.58	6.1	21.05	12.74	10.99	11.78
Other Long-Term Liabilities	396.29	11.9	-	-	-	-
Total Liabilities	8,604	8,576	4,436	4,559	5,049	4,298
Common Stock	602.03	602.03	608.94	450.76	450.75	450.72
Additional Paid-In Capital	3,590	3,589	3,600	2,240	2,240	2,239
Retained Earnings	-680.09	-666.67	-599.61	-254.76	401.51	399.46
Treasury Stock	-28.28	-28.28	-57.26	-	-	-
Comprehensive Income & Other	-	-	-	323.85	323.87	324.11
Total Common Equity	3,484	3,496	3,552	2,760	3,416	3,414
Shareholders' Equity	3,484	3,496	3,552	2,760	3,416	3,414
Total Liabilities & Equity	12,087	12,072	7,988	7,319	8,465	7,711
Total Debt	3,684	4,158	2,352	2,911	2,997	2,699
Net Cash (Debt)	-2,084	-2,234	-1,685	-1,837	-2,055	-1,336
Net Cash Per Share	-3.37	-3.71	-3.41	-4.08	-4.48	-3.24
Filing Date Shares Outstanding	670.67	602.03	608.94	450.76	450.75	450.72
Total Common Shares Outstanding	670.67	602.03	608.94	450.76	450.75	450.72
Working Capital	1,286	1,166	827.37	1,865	1,816	2,401
Book Value Per Share	5.19	5.81	5.83	6.12	7.58	7.57
Tangible Book Value	3,050	3,062	3,107	2,312	2,476	2,463
Tangible Book Value Per Share	4.55	5.09	5.10	5.13	5.49	5.47
Buildings	-	520.68	585.04	615.3	381.85	238.5
Machinery	-	2,833	971.22	955.85	891.17	750.35
Construction In Progress	-	1,230	1,444	701.98	985.92	534.01

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