SHA:603922 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	181.08	359.24	671.56	626.2	525	370.94
Trading Asset Securities	201.05	-	-	30	-	-
Cash & Short-Term Investments	382.13	359.24	671.56	656.2	525	370.94
Cash Growth	-26.00%	-46.51%	2.34%	24.99%	41.53%	51.07%
Accounts Receivable	354.95	416.58	358.92	216.43	211.4	252.42
Other Receivables	1.25	2.04	0.67	171.22	3.53	28.41
Receivables	356.2	418.63	359.58	387.65	214.93	280.83
Inventory	173.75	186.24	152.42	194.35	205.06	243.52
Prepaid Expenses	0.7	0.48	0.22	-	-	-
Other Current Assets	18.48	25.23	16.71	64.12	16.06	29.02
Total Current Assets	931.26	989.82	1,200	1,302	961.06	924.31
Property, Plant & Equipment	143.4	115.75	129.44	159.95	212.3	239.57
Long-Term Investments	14.33	15.39	29.2	24.25	-	-
Other Intangible Assets	41.15	41.63	42.64	43.79	63.59	65.26
Long-Term Accounts Receivable	-	-	-	-	-	1.59
Long-Term Deferred Tax Assets	21.74	22.39	20.93	15.11	11.74	11.4
Long-Term Deferred Charges	37.6	34.76	41.97	14.65	4.46	9.82
Other Long-Term Assets	19.44	5.79	0.48	3.28	4.43	5.16
Total Assets	1,209	1,226	1,465	1,563	1,258	1,257

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	133.27	167.61	313.57	437.97	180.04	166.74
Accrued Expenses	16.1	19.76	16.72	15.22	12.16	16.75
Short-Term Debt	-	-	61.31	30.08	-	-
Current Portion of Leases	2.3	1.76	2.36	4.19	3.04	0.29
Current Income Taxes Payable	-	-	-	0.14	0	-
Current Unearned Revenue	24.71	18.95	22.45	5.87	4.27	6.02
Other Current Liabilities	14.01	5.89	23.65	23.02	7.78	1.16
Total Current Liabilities	190.39	213.96	440.06	516.49	207.28	190.95
Long-Term Leases	12.89	-	1.76	10.07	4.5	-
Long-Term Unearned Revenue	3.25	3.06	4.02	5.21	8.33	10.44
Long-Term Deferred Tax Liabilities	0	-	-	0.04	0.05	-
Other Long-Term Liabilities	65.33	87.5	-	-	-	-
Total Liabilities	271.87	304.53	445.84	531.82	220.17	201.39

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	179.2	179.2	179.2	128	128	128
Additional Paid-In Capital	680.8	679.75	676.85	731.1	731.1	731.1
Retained Earnings	80.29	68.5	170.34	184.44	178.3	196.63
Treasury Stock	-	-3.2	-6.41	-11.97	-	-
Comprehensive Income & Other	-3.26	-3.26	-0.67	-	-	-
Total Common Equity	937.03	920.99	1,019	1,032	1,037	1,056
Minority Interest	-	-	-	-0.04	-	-
Shareholders' Equity	937.03	920.99	1,019	1,032	1,037	1,056
Total Liabilities & Equity	1,209	1,226	1,465	1,563	1,258	1,257

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	15.19	1.76	65.42	44.35	7.54	0.29
Net Cash (Debt)	366.94	357.49	606.14	611.86	517.46	370.65
Net Cash Growth	-18.86%	-41.02%	-0.93%	18.24%	39.61%	72.00%
Net Cash Per Share	2.02	2.00	3.15	2.99	2.79	2.07
Filing Date Shares Outstanding	179.2	179.2	179.2	276.34	179.2	179.2
Total Common Shares Outstanding	179.2	179.2	179.2	276.34	179.2	179.2
Working Capital	740.86	775.85	760.43	785.82	753.77	733.35
Book Value Per Share	5.23	5.14	5.69	3.73	5.79	5.89
Tangible Book Value	895.88	879.36	976.67	987.79	973.82	990.47
Tangible Book Value Per Share	5.00	4.91	5.45	3.57	5.43	5.53
Buildings	107.59	106.74	106.29	105.52	166.83	132.9
Machinery	389.76	375.46	369.34	366.83	470.31	493.85
Construction In Progress	1.87	3.27	7.17	8.33	0.98	31.84