SHA:603897 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	1,332	1,145	988.41	1,125	1,195	430.69
Trading Asset Securities	359.76	353.82	340.53	303.59	294.97	249.5
Cash & Short-Term Investments	1,691	1,499	1,329	1,429	1,490	680.19
Cash Growth	9.01%	12.76%	-6.99%	-4.09%	119.03%	-47.64%
Accounts Receivable	2,807	3,210	3,429	2,795	2,251	1,938
Other Receivables	479.81	0.34	0.43	0.05	2.5	97.62
Receivables	3,287	3,210	3,429	2,795	2,253	2,035
Inventory	1,017	985.86	696.45	695.54	689.43	773.59
Other Current Assets	87.34	68.03	30.43	11.27	8.73	1.29
Total Current Assets	6,083	5,762	5,485	4,930	4,441	3,490
Property, Plant & Equipment	792.91	815.67	824.63	905.66	998.09	777.66
Other Intangible Assets	157.23	159.15	149.85	148.44	157.57	141.4
Long-Term Deferred Tax Assets	36.63	27.86	33.23	30.6	31.17	23.23
Other Long-Term Assets	-	0.5	4.13	-	-	-
Total Assets	7,070	6,766	6,497	6,015	5,628	4,433
Accounts Payable	3,523	2,666	2,189	2,407	1,954	1,245
Accrued Expenses	9.65	50.2	73.66	62.92	50.25	63.15
Short-Term Debt	852.49	845.55	993.64	575.48	681.74	197.83
Current Portion of Leases	0.8	0.89	0.85	0.82	1.57	-
Current Income Taxes Payable	85.97	614.36	599.38	57.22	2.97	44.2
Current Unearned Revenue	10.48	7.75	1.79	4.93	3.23	5.27
Other Current Liabilities	6.31	35.6	27.59	76.37	117.48	104.27
Total Current Liabilities	4,489	4,220	3,886	3,185	2,811	1,659
Long-Term Leases	3.52	0.46	1.36	2.21	6.05	-
Long-Term Unearned Revenue	39.05	39.38	45.43	45.22	41.74	33.59
Long-Term Deferred Tax Liabilities	2.68	2.94	4.76	6.99	23.78	27.35
Total Liabilities	4,534	4,263	3,938	3,239	2,882	1,720
Common Stock	206.44	206.44	206.44	206.44	206.44	206.44
Additional Paid-In Capital	1,589	1,589	1,589	1,589	1,589	1,589
Retained Earnings	750.64	706.03	762.15	980.21	949.49	916.54
Comprehensive Income & Other	-10.81	0.99	1.25	-	-	-
Shareholders' Equity	2,536	2,503	2,559	2,776	2,745	2,712
Total Liabilities & Equity	7,070	6,766	6,497	6,015	5,628	4,433
Total Debt	856.81	846.91	995.85	578.5	689.36	197.83
Net Cash (Debt)	834.6	651.6	333.1	850.31	800.45	482.36
Net Cash Growth	29.25%	95.62%	-60.83%	6.23%	65.94%	-2.12%
Net Cash Per Share	4.05	3.16	1.61	4.12	3.88	2.67
Filing Date Shares Outstanding	206.44	206.44	206.44	206.44	206.44	206.44
Total Common Shares Outstanding	206.44	206.44	206.44	206.44	206.44	206.44
Working Capital	1,594	1,543	1,599	1,746	1,630	1,831
Book Value Per Share	12.28	12.12	12.40	13.45	13.30	13.14
Tangible Book Value	2,379	2,344	2,409	2,628	2,588	2,571
Tangible Book Value Per Share	11.52	11.35	11.67	12.73	12.54	12.45
Buildings	-	569.99	523.62	521.04	555.16	299.42
Machinery	-	763.64	724.1	769.04	742.47	513.62
Construction In Progress	-	2.22	4.43	4.67	11.61	216.44

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