SHA:603901 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	1,107	872.09	662.41	742.3	1,003	690.72
Trading Asset Securities	9	14	4	-	0.48	-
Cash & Short-Term Investments	1,116	886.09	666.41	742.3	1,003	690.72
Cash Growth	75.51%	32.97%	-10.22%	-26.02%	45.27%	-25.44%
Accounts Receivable	728.36	774.45	770.53	745.34	608.96	588.11
Other Receivables	42.2	40.45	48.69	70.69	69	49.78
Receivables	770.55	814.9	819.22	816.03	677.96	637.89
Inventory	3,755	3,717	3,575	3,010	2,406	1,697
Prepaid Expenses	-	0.52	0.48	0.5	0.47	0.46
Other Current Assets	262.75	264.64	258.8	183.04	151.87	77.62
Total Current Assets	5,904	5,683	5,320	4,752	4,239	3,103
Property, Plant & Equipment	1,754	1,750	1,835	1,530	1,114	711.3
Long-Term Investments	110.46	113.18	145.48	197.42	319.52	164.46
Goodwill	193.99	194.34	195.88	197.38	207.84	159.97
Other Intangible Assets	400.34	405.3	410.12	405.97	417.12	265.22
Long-Term Deferred Tax Assets	74.14	71.4	60.38	40.93	22.48	34.04
Long-Term Deferred Charges	1.15	1.31	2.42	4.14	6.49	4.54
Other Long-Term Assets	18.82	19.32	32.05	34.15	43.7	29.44
Total Assets	8,456	8,238	8,001	7,163	6,370	4,472
Accounts Payable	1,266	1,209	1,298	1,032	838.06	887.98
Accrued Expenses	73.18	159.26	148.23	141.1	127.63	115.01
Short-Term Debt	59.85	59.05	198.16	218.34	463.51	368.01
Current Portion of Long-Term Debt	319.11	171.03	597.34	119.18	4.05	-
Current Portion of Leases	-	5.72	11.5	13.66	14.62	20.79
Current Income Taxes Payable	37.04	9.08	9.62	12.43	8.51	29.21
Current Unearned Revenue	2,171	2,252	1,851	1,410	1,068	642.58
Other Current Liabilities	184.65	227.18	183.71	153.9	151.97	97.38
Total Current Liabilities	4,111	4,092	4,298	3,101	2,677	2,161
Long-Term Debt	1,166	1,340	1,101	1,401	987.98	53.67
Long-Term Leases	9.03	9.63	17.99	20.52	28.18	38.9
Long-Term Unearned Revenue	55.35	53.7	34.23	35.11	13.37	5.01
Long-Term Deferred Tax Liabilities	10.22	10.57	13.12	14.61	17.64	-
Other Long-Term Liabilities	-	-	2.36	4.36	7.36	-
Total Liabilities	5,351	5,507	5,467	4,576	3,731	2,259
Common Stock	524.09	497.52	487.72	487.91	488.16	488.45
Additional Paid-In Capital	1,252	976.64	892.41	898.67	919.8	904.17
Retained Earnings	1,230	1,159	1,029	1,052	1,044	847.99
Treasury Stock	-59.69	-59.74	-75.8	-47.92	-56.73	-69.11
Comprehensive Income & Other	123.64	125.95	148.48	148.96	148.01	-1.38
Total Common Equity	3,070	2,699	2,482	2,540	2,543	2,170
Minority Interest	35.1	32.49	52.15	46.91	96.29	43.59
Shareholders' Equity	3,105	2,732	2,534	2,586	2,639	2,214
Total Liabilities & Equity	8,456	8,238	8,001	7,163	6,370	4,472
Total Debt	1,554	1,586	1,926	1,773	1,498	481.37
Net Cash (Debt)	-438.36	-699.68	-1,260	-1,031	-494.9	209.35
Net Cash Growth	-	-	-	-	-	43.49%
Net Cash Per Share	-0.90	-1.48	-2.56	-2.18	-1.03	0.46
Filing Date Shares Outstanding	509.25	484.67	480.08	484.82	484.27	484.55
Total Common Shares Outstanding	509.25	484.67	480.08	484.82	484.27	484.55
Working Capital	1,793	1,591	1,022	1,652	1,563	942.35
Book Value Per Share	6.03	5.57	5.17	5.24	5.25	4.48
Tangible Book Value	2,476	2,099	1,876	1,936	1,918	1,745
Tangible Book Value Per Share	4.86	4.33	3.91	3.99	3.96	3.60
Buildings	-	1,541	1,522	989.63	594.22	327.49
Machinery	-	873.84	863.03	699.42	637.65	451.55
Construction In Progress	-	67.39	29.75	315.5	263.14	186.72

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