SHA:603909 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,467	1,084	651.32	326.59	284.51
Cash & Short-Term Investments	1,467	1,084	651.32	326.59	284.51
Cash Growth	35.32%	66.43%	99.43%	14.79%	33.33%
Accounts Receivable	3,989	2,887	1,840	1,023	888.47
Other Receivables	33.11	23.74	25.23	32.86	30.71
Receivables	4,022	2,910	1,865	1,056	919.18
Inventory	141.63	177.2	25.1	16.06	16.42
Prepaid Expenses	-	0.05	0.05	0.05	0.09
Other Current Assets	36.04	35.99	31.15	7.72	6.42
Total Current Assets	5,666	4,207	2,573	1,407	1,227
Property, Plant & Equipment	87.89	105.84	117.3	117.91	121.8
Long-Term Investments	5.88	5.54	5.54	4.6	3.6
Goodwill	118.73	118.73	118.73	118.73	109.99
Other Intangible Assets	35.73	38.93	39.67	38.35	39.56
Long-Term Deferred Tax Assets	84.5	81.71	79.21	67.11	59.75
Long-Term Deferred Charges	7.69	10.89	14.56	15.35	15.32
Other Long-Term Assets	50.86	47.68	50.48	50.62	53.08
Total Assets	6,057	4,617	2,998	1,819	1,630
Accounts Payable	4,157	2,919	1,451	392.64	184.39
Accrued Expenses	114.19	109.69	121.69	94.03	75.47
Short-Term Debt	10.25	-	1.7	84.7	168.62
Current Portion of Long-Term Debt	3.87	-	-	-	77
Current Portion of Leases	-	7.36	6.85	3.74	5.01
Current Income Taxes Payable	28.73	15.31	18.54	9.82	9.26
Current Unearned Revenue	159.21	92.03	84.78	69.68	54.67
Other Current Liabilities	253.86	245.88	170.79	100.91	77.13
Total Current Liabilities	4,727	3,390	1,855	755.51	651.56
Long-Term Debt	-	-	-	-	7.6
Long-Term Leases	3.41	6.91	12.95	8.92	1.63
Long-Term Deferred Tax Liabilities	2.25	2.35	6.91	6.11	3.13
Other Long-Term Liabilities	2.52	3.17	2.52	2.52	3.19
Total Liabilities	4,735	3,402	1,878	773.06	667.1
Common Stock	260.67	260.67	260.67	200.52	200.52
Additional Paid-In Capital	130.47	126.47	121.24	177.4	172.12
Retained Earnings	755.01	677.09	602.34	548.45	500.21
Comprehensive Income & Other	11.09	10.25	9.41	8.17	7.49
Total Common Equity	1,157	1,074	993.67	934.54	880.34
Minority Interest	165.17	140.23	126.93	111.68	82.28
Shareholders' Equity	1,322	1,215	1,121	1,046	962.62
Total Liabilities & Equity	6,057	4,617	2,998	1,819	1,630
Total Debt	17.53	14.26	21.5	97.35	259.86
Net Cash (Debt)	1,449	1,070	629.82	229.23	24.64
Net Cash Growth	35.49%	69.84%	174.75%	830.20%	420.47%
Net Cash Per Share	5.56	4.10	2.42	0.88	0.09
Filing Date Shares Outstanding	260.75	260.67	260.67	260.67	260.67
Total Common Shares Outstanding	260.75	260.67	260.67	260.67	260.67
Working Capital	939.31	817.82	717.49	651.1	575.07
Book Value Per Share	4.44	4.12	3.81	3.59	3.38
Tangible Book Value	1,003	916.83	835.27	777.46	730.79
Tangible Book Value Per Share	3.85	3.52	3.20	2.98	2.80
Buildings	-	97.15	98.17	98.17	16.79
Machinery	-	106.14	104.8	109.65	200.31

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.