SHA:603912 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	762.42	684.5	1,083	678.08	817.67
Trading Asset Securities	516.03	807.12	421.52	100.03	201.36
Cash & Short-Term Investments	1,278	1,492	1,505	778.12	1,019
Cash Growth	-14.29%	-0.86%	93.37%	-23.64%	7.38%
Accounts Receivable	451.41	460.82	397.31	332.99	296.77
Other Receivables	21.86	29.38	16.48	8.77	18.9
Receivables	473.27	490.2	413.8	341.75	315.67
Inventory	401.1	437.09	359.37	278.5	240.89
Other Current Assets	29.93	2.72	3.06	4.01	6.23
Total Current Assets	2,183	2,422	2,281	1,402	1,582
Property, Plant & Equipment	884.65	583.89	474.46	423.64	206.33
Long-Term Investments	85.83	82.21	88.36	86.03	57.67
Other Intangible Assets	95.4	100.69	74.3	58.95	59.27
Long-Term Deferred Tax Assets	42.91	26.11	23.97	17.93	15.72
Long-Term Deferred Charges	18.64	19.63	-	-	-
Other Long-Term Assets	5.63	28.16	30.13	31.2	57.66
Total Assets	3,316	3,262	2,972	2,020	1,978
Accounts Payable	567.02	502.38	291.71	323.79	219.17
Accrued Expenses	24.83	35.11	40.55	26.73	30.33
Short-Term Debt	351.24	400.32	320.18	280.16	200.07
Current Portion of Long-Term Debt	307.84	-	-	-	-
Current Income Taxes Payable	1.68	2.04	5.12	1.15	4.66
Current Unearned Revenue	84.69	100.38	96.42	70.02	83.83
Other Current Liabilities	21.57	24.82	20.91	20.49	34.51
Total Current Liabilities	1,359	1,065	774.9	722.34	572.58
Long-Term Debt	145.2	286.36	278.91	269.44	361.14
Long-Term Unearned Revenue	10.06	12.4	15.61	18.54	21.83
Long-Term Deferred Tax Liabilities	5.39	4.58	2.53	0.92	0.34
Other Long-Term Liabilities	8.18	8.19	7.31	7.42	5.23
Total Liabilities	1,528	1,377	1,079	1,019	961.12
Common Stock	541.84	541.8	541.78	303.75	216.92
Additional Paid-In Capital	993.34	992.98	992.64	336.48	421.38
Retained Earnings	205.66	303.49	310.97	314.3	332.05
Treasury Stock	-	-	-	-	-0.2
Comprehensive Income & Other	46.8	46.86	46.91	46.94	47.2
Total Common Equity	1,788	1,885	1,892	1,001	1,017
Minority Interest	0.49	0.6	0.52	-	-
Shareholders' Equity	1,788	1,886	1,893	1,001	1,017
Total Liabilities & Equity	3,316	3,262	2,972	2,020	1,978
Total Debt	804.28	686.69	599.09	549.61	561.22
Net Cash (Debt)	474.18	804.93	905.52	228.51	457.82
Net Cash Growth	-41.09%	-11.11%	296.28%	-50.09%	-28.26%
Net Cash Per Share	0.88	1.49	1.79	0.56	1.08
Filing Date Shares Outstanding	540.6	541.8	541.78	425.24	425.16
Total Common Shares Outstanding	540.6	541.8	541.78	425.24	425.16
Working Capital	823.89	1,357	1,506	680.03	1,009
Book Value Per Share	3.31	3.48	3.49	2.36	2.39
Tangible Book Value	1,692	1,784	1,818	942.52	958.08
Tangible Book Value Per Share	3.13	3.29	3.36	2.22	2.25
Buildings	-	163.96	82.61	82.55	82.55
Machinery	-	150.06	71.75	70.03	64.55
Construction In Progress	-	368.56	411.2	355.26	134.59
Order Backlog	-	969.85	-	-	-

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