SHA:603896 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	649.75	778.39	854.03	1,504	1,525	677.98
Trading Asset Securities	408.33	356.16	344.69	-	30	130
Cash & Short-Term Investments	1,058	1,135	1,199	1,504	1,555	807.98
Cash Growth	-3.65%	-5.35%	-20.30%	-3.26%	92.42%	12.34%
Accounts Receivable	103.58	94.09	114.72	113.06	137.68	117.25
Other Receivables	3.81	3.87	3.15	3.25	2.51	3.36
Receivables	107.39	97.95	117.87	116.32	140.19	120.61
Inventory	219.74	208.91	181.69	157.83	147.76	99.06
Other Current Assets	29.85	29.14	22.37	28.73	19.35	17.64
Total Current Assets	1,415	1,471	1,521	1,807	1,862	1,045
Property, Plant & Equipment	1,113	1,111	916.38	682.32	601.14	515.91
Long-Term Investments	101.29	102.67	94.85	65.71	63.8	66.46
Other Intangible Assets	351.95	354.28	352.86	310.98	78.16	82.98
Long-Term Deferred Tax Assets	1.65	1.69	-	-	-	0.37
Long-Term Deferred Charges	68.61	73.81	68.82	79.78	53.13	39.93
Other Long-Term Assets	167.13	167.42	178.24	228.71	197.94	211.51
Total Assets	3,218	3,282	3,132	3,174	2,856	1,962
Accounts Payable	130.8	154.78	132.86	132.71	103.98	107.94
Accrued Expenses	21.46	65.66	37.56	40.28	71.15	54.03
Short-Term Debt	140	194.04	187.4	372.16	272.97	-
Current Portion of Leases	-	17.45	16.77	12.08	4.87	5.63
Current Income Taxes Payable	121.82	85.64	-	0.02	0.24	0.02
Current Unearned Revenue	14.37	14.96	11.74	10.1	9.03	9.61
Other Current Liabilities	6.34	13.3	7	17.79	15.53	22.05
Total Current Liabilities	451.51	545.83	393.33	585.15	477.77	199.28
Long-Term Debt	389.08	382.49	361.01	340.19	412.59	87.6
Long-Term Leases	18.66	21	22.93	23.97	15.97	13.33
Long-Term Unearned Revenue	58.72	62.13	54.86	49.98	41.3	38.23
Long-Term Deferred Tax Liabilities	9.44	9.64	8.39	3.78	3.04	3.98
Total Liabilities	927.41	1,021	840.52	1,003	950.67	342.41
Common Stock	198.24	198.24	198.24	201.83	197.2	152.5
Additional Paid-In Capital	818.22	818.22	821.52	966.03	856.25	900.22
Retained Earnings	1,149	1,118	1,153	1,076	908.45	690.99
Treasury Stock	-	-	-	-165.11	-165.11	-165.11
Comprehensive Income & Other	124.12	125.23	118.15	92.83	108.73	41.06
Total Common Equity	2,289	2,260	2,291	2,171	1,906	1,620
Minority Interest	1.9	0.93	-	-	-	0.38
Shareholders' Equity	2,291	2,260	2,291	2,171	1,906	1,620
Total Liabilities & Equity	3,218	3,282	3,132	3,174	2,856	1,962
Total Debt	564.45	614.98	588.11	748.4	706.41	106.56
Net Cash (Debt)	493.62	519.57	610.61	755.56	848.31	701.42
Net Cash Growth	-17.22%	-14.91%	-19.18%	-10.93%	20.94%	32.06%
Net Cash Per Share	2.47	2.57	3.08	3.86	4.37	3.67
Filing Date Shares Outstanding	192.87	198.24	198.24	198.24	197.2	198.25
Total Common Shares Outstanding	192.87	198.24	198.24	198.24	197.2	198.25
Working Capital	963.55	924.72	1,127	1,222	1,384	846.02
Book Value Per Share	11.87	11.40	11.56	10.95	9.66	8.17
Tangible Book Value	1,937	1,905	1,938	1,860	1,827	1,537
Tangible Book Value Per Share	10.04	9.61	9.78	9.38	9.27	7.75
Buildings	-	858.76	350.9	308.29	357.46	355.62
Machinery	-	305	251.39	241.18	198.58	145.46
Construction In Progress	-	192.72	501.72	280.21	169.63	115.34

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