SHA:603909 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	1,385	1,467	1,084	651.32	326.59	284.51
Cash & Short-Term Investments	1,385	1,467	1,084	651.32	326.59	284.51
Cash Growth	64.03%	35.32%	66.43%	99.43%	14.79%	33.33%
Accounts Receivable	3,617	3,989	2,887	1,840	1,023	888.47
Other Receivables	32.64	33.11	23.74	25.23	32.86	30.71
Receivables	3,650	4,022	2,910	1,865	1,056	919.18
Inventory	164.54	141.63	177.2	25.1	16.06	16.42
Prepaid Expenses	-	0.05	0.05	0.05	0.05	0.09
Other Current Assets	55.82	35.99	35.99	31.15	7.72	6.42
Total Current Assets	5,255	5,666	4,207	2,573	1,407	1,227
Property, Plant & Equipment	89.56	87.89	105.84	117.3	117.91	121.8
Long-Term Investments	5.88	5.88	5.54	5.54	4.6	3.6
Goodwill	118.73	118.73	118.73	118.73	118.73	109.99
Other Intangible Assets	35.57	35.73	38.93	39.67	38.35	39.56
Long-Term Deferred Tax Assets	82.17	84.5	81.71	79.21	67.11	59.75
Long-Term Deferred Charges	5.94	7.69	10.89	14.56	15.35	15.32
Other Long-Term Assets	48.96	50.86	47.68	50.48	50.62	53.08
Total Assets	5,642	6,057	4,617	2,998	1,819	1,630
Accounts Payable	3,808	4,157	2,919	1,451	392.64	184.39
Accrued Expenses	45.44	126.85	109.69	121.69	94.03	75.47
Short-Term Debt	4.09	10.25	-	1.7	84.7	168.62
Current Portion of Long-Term Debt	5.18	-	-	-	-	77
Current Portion of Leases	-	3.87	7.36	6.85	3.74	5.01
Current Income Taxes Payable	18.16	15.37	15.31	18.54	9.82	9.26
Current Unearned Revenue	136.61	159.52	92.03	84.78	69.68	54.67
Other Current Liabilities	256.38	254.26	245.88	170.79	100.91	77.13
Total Current Liabilities	4,273	4,727	3,390	1,855	755.51	651.56
Long-Term Debt	-	-	-	-	-	7.6
Long-Term Leases	6.05	3.41	6.91	12.95	8.92	1.63
Long-Term Deferred Tax Liabilities	2.27	2.25	2.35	6.91	6.11	3.13
Other Long-Term Liabilities	2.52	2.52	3.17	2.52	2.52	3.19
Total Liabilities	4,284	4,735	3,402	1,878	773.06	667.1
Common Stock	260.67	260.67	260.67	260.67	200.52	200.52
Additional Paid-In Capital	130.47	130.47	126.47	121.24	177.4	172.12
Retained Earnings	780.27	755.01	677.09	602.34	548.45	500.21
Comprehensive Income & Other	12.69	11.09	10.25	9.41	8.17	7.49
Total Common Equity	1,184	1,157	1,074	993.67	934.54	880.34
Minority Interest	173.54	165.17	140.23	126.93	111.68	82.28
Shareholders' Equity	1,358	1,322	1,215	1,121	1,046	962.62
Total Liabilities & Equity	5,642	6,057	4,617	2,998	1,819	1,630
Total Debt	15.33	17.53	14.26	21.5	97.35	259.86
Net Cash (Debt)	1,370	1,449	1,070	629.82	229.23	24.64
Net Cash Growth	64.08%	35.49%	69.84%	174.75%	830.20%	420.47%
Net Cash Per Share	5.25	5.56	4.10	2.42	0.88	0.09
Filing Date Shares Outstanding	260.71	260.67	260.67	260.67	260.67	260.67
Total Common Shares Outstanding	260.71	260.67	260.67	260.67	260.67	260.67
Working Capital	981.68	939.31	817.82	717.49	651.1	575.07
Book Value Per Share	4.54	4.44	4.12	3.81	3.59	3.38
Tangible Book Value	1,030	1,003	916.83	835.27	777.46	730.79
Tangible Book Value Per Share	3.95	3.85	3.52	3.20	2.98	2.80
Buildings	-	89.56	97.15	98.17	98.17	16.79
Machinery	-	108.85	106.14	104.8	109.65	200.31

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