SHA:603920 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	1,666	1,932	1,950	1,237	1,772
Trading Asset Securities	2,466	2,605	64.32	-	0.56
Cash & Short-Term Investments	4,133	4,537	2,014	1,237	1,773
Cash Growth	-8.91%	125.25%	62.78%	-30.20%	41.75%
Accounts Receivable	1,577	1,442	1,315	1,290	1,229
Other Receivables	99.19	42.52	33.69	32.09	36.14
Receivables	1,676	1,484	1,348	1,322	1,265
Inventory	719.03	547.93	421.88	461.42	553.46
Other Current Assets	69.19	51.44	22.19	44.04	110.26
Total Current Assets	6,597	6,621	3,807	3,065	3,701
Property, Plant & Equipment	2,650	2,208	2,401	2,631	2,149
Long-Term Investments	288.12	1.34	-	-	-
Goodwill	-	-	9.17	33.19	58.16
Other Intangible Assets	169.66	145.64	56.7	58.22	54.08
Long-Term Deferred Tax Assets	6.22	9.93	33.07	69.09	13.52
Long-Term Deferred Charges	0.05	0.17	3.38	6.5	9.88
Other Long-Term Assets	42.08	3.1	-	0.85	3.49
Total Assets	9,753	8,989	6,310	5,863	5,989
Accounts Payable	1,941	1,403	1,173	757.65	941.14
Accrued Expenses	141.63	210.11	191.91	190.86	139.86
Short-Term Debt	672.4	436.87	-	149.69	330.65
Current Portion of Long-Term Debt	1.89	-	4	-	-
Current Portion of Leases	-	2.48	2.61	2.71	2.07
Current Income Taxes Payable	38.01	27.38	3.27	4.55	3.9
Current Unearned Revenue	7.46	4.19	0.66	0.98	0.63
Other Current Liabilities	67.5	73.48	179.4	214.65	373.43
Total Current Liabilities	2,870	2,157	1,555	1,321	1,792
Long-Term Debt	-	-	1,064	1,011	945.54
Long-Term Leases	3.19	0.16	2.07	3.43	0.53
Long-Term Unearned Revenue	103.73	66.55	54.53	33.56	25.69
Long-Term Deferred Tax Liabilities	65.83	81.83	110.84	118.35	42.04
Other Long-Term Liabilities	-	-	-	107.35	105.68
Total Liabilities	3,043	2,306	2,786	2,595	2,911
Common Stock	720.59	719.41	537.59	532.18	532.25
Additional Paid-In Capital	4,202	4,186	1,396	1,315	1,297
Retained Earnings	1,551	1,515	1,170	993.74	878.69
Treasury Stock	-	-	-	-	-0.46
Comprehensive Income & Other	55	50.41	172.27	149.14	102.74
Total Common Equity	6,529	6,471	3,275	2,990	2,810
Minority Interest	181.71	211.96	248.9	277.61	267.87
Shareholders' Equity	6,710	6,683	3,524	3,268	3,078
Total Liabilities & Equity	9,753	8,989	6,310	5,863	5,989
Total Debt	677.48	439.51	1,072	1,167	1,279
Net Cash (Debt)	3,455	4,098	941.86	70.13	493.94
Net Cash Growth	-15.68%	335.05%	1242.99%	-85.80%	-45.41%
Net Cash Per Share	4.80	6.32	1.73	0.13	0.92
Filing Date Shares Outstanding	724.12	719.41	537.59	532.18	532.25
Total Common Shares Outstanding	724.12	719.41	537.59	532.18	532.25
Working Capital	3,727	4,463	2,252	1,744	1,910
Book Value Per Share	9.02	9.00	6.09	5.62	5.28
Tangible Book Value	6,359	6,326	3,209	2,899	2,698
Tangible Book Value Per Share	8.78	8.79	5.97	5.45	5.07
Buildings	-	1,064	1,060	1,024	792.3
Machinery	-	3,125	3,117	3,070	2,251
Construction In Progress	-	23.02	9.53	29.43	346.04

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