SHA:603920 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	1,814	1,666	1,932	1,950	1,237	1,772
Trading Asset Securities	2,224	2,466	2,605	64.32	-	0.56
Cash & Short-Term Investments	4,038	4,133	4,537	2,014	1,237	1,773
Cash Growth	-15.58%	-8.91%	125.25%	62.78%	-30.20%	41.75%
Accounts Receivable	1,387	1,577	1,442	1,315	1,290	1,229
Other Receivables	58.36	99.19	42.52	33.69	32.09	36.14
Receivables	1,445	1,676	1,484	1,348	1,322	1,265
Inventory	803.32	719.03	547.93	421.88	461.42	553.46
Other Current Assets	47.75	69.19	51.44	22.19	44.04	110.26
Total Current Assets	6,334	6,597	6,621	3,807	3,065	3,701
Property, Plant & Equipment	2,769	2,650	2,208	2,401	2,631	2,149
Long-Term Investments	287.65	288.12	1.34	-	-	-
Goodwill	-	-	-	9.17	33.19	58.16
Other Intangible Assets	164.56	169.66	145.64	56.7	58.22	54.08
Long-Term Deferred Tax Assets	6.23	6.22	9.93	33.07	69.09	13.52
Long-Term Deferred Charges	0.02	0.05	0.17	3.38	6.5	9.88
Other Long-Term Assets	28.75	42.08	3.1	-	0.85	3.49
Total Assets	9,590	9,753	8,989	6,310	5,863	5,989
Accounts Payable	1,918	1,740	1,403	1,173	757.65	941.14
Accrued Expenses	166.85	242.24	210.11	191.91	190.86	139.86
Short-Term Debt	577.13	672.4	436.87	-	149.69	330.65
Current Portion of Long-Term Debt	-	-	-	4	-	-
Current Portion of Leases	-	1.89	2.48	2.61	2.71	2.07
Current Income Taxes Payable	-	34.68	27.38	3.27	4.55	3.9
Current Unearned Revenue	7.8	7.46	4.19	0.66	0.98	0.63
Other Current Liabilities	68.11	171.38	73.48	179.4	214.65	373.43
Total Current Liabilities	2,738	2,870	2,157	1,555	1,321	1,792
Long-Term Debt	-	-	-	1,064	1,011	945.54
Long-Term Leases	2.7	3.19	0.16	2.07	3.43	0.53
Long-Term Unearned Revenue	102.12	103.73	66.55	54.53	33.56	25.69
Long-Term Deferred Tax Liabilities	62.69	65.83	81.83	110.84	118.35	42.04
Other Long-Term Liabilities	-	-	-	-	107.35	105.68
Total Liabilities	2,905	3,043	2,306	2,786	2,595	2,911
Common Stock	720.59	720.59	719.41	537.59	532.18	532.25
Additional Paid-In Capital	4,202	4,202	4,186	1,396	1,315	1,297
Retained Earnings	1,588	1,551	1,515	1,170	993.74	878.69
Treasury Stock	-	-	-	-	-	-0.46
Comprehensive Income & Other	1.06	55	50.41	172.27	149.14	102.74
Total Common Equity	6,511	6,529	6,471	3,275	2,990	2,810
Minority Interest	173.62	181.71	211.96	248.9	277.61	267.87
Shareholders' Equity	6,685	6,710	6,683	3,524	3,268	3,078
Total Liabilities & Equity	9,590	9,753	8,989	6,310	5,863	5,989
Total Debt	579.83	677.48	439.51	1,072	1,167	1,279
Net Cash (Debt)	3,458	3,455	4,098	941.86	70.13	493.94
Net Cash Growth	-19.46%	-15.68%	335.05%	1242.99%	-85.80%	-45.41%
Net Cash Per Share	4.78	4.80	6.32	1.73	0.13	0.92
Filing Date Shares Outstanding	732.65	720.59	719.41	537.59	532.18	532.25
Total Common Shares Outstanding	732.65	720.59	719.41	537.59	532.18	532.25
Working Capital	3,596	3,727	4,463	2,252	1,744	1,910
Book Value Per Share	8.89	9.06	9.00	6.09	5.62	5.28
Tangible Book Value	6,347	6,359	6,326	3,209	2,899	2,698
Tangible Book Value Per Share	8.66	8.82	8.79	5.97	5.45	5.07
Buildings	-	1,064	1,064	1,060	1,024	792.3
Machinery	-	3,377	3,125	3,117	3,070	2,251
Construction In Progress	-	463.74	23.02	9.53	29.43	346.04

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