SHA:603922 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	264.43	359.24	671.56	626.2	525	370.94
Trading Asset Securities	100	-	-	30	-	-
Cash & Short-Term Investments	364.43	359.24	671.56	656.2	525	370.94
Cash Growth	-45.36%	-46.51%	2.34%	24.99%	41.53%	51.07%
Accounts Receivable	344.82	416.58	358.92	216.43	211.4	252.42
Other Receivables	1.26	2.04	0.67	171.22	3.53	28.41
Receivables	346.09	418.63	359.58	387.65	214.93	280.83
Inventory	203.78	186.24	152.42	194.35	205.06	243.52
Other Current Assets	31.48	25.71	16.93	64.12	16.06	29.02
Total Current Assets	945.77	989.82	1,200	1,302	961.06	924.31
Property, Plant & Equipment	133.12	115.75	129.44	159.95	212.3	239.57
Long-Term Investments	15.21	15.39	29.2	24.25	-	-
Other Intangible Assets	41.33	41.63	42.64	43.79	63.59	65.26
Long-Term Accounts Receivable	-	-	-	-	-	1.59
Long-Term Deferred Tax Assets	20.78	22.39	20.93	15.11	11.74	11.4
Long-Term Deferred Charges	32.95	34.76	41.97	14.65	4.46	9.82
Other Long-Term Assets	8.34	5.79	0.48	3.28	4.43	5.16
Total Assets	1,198	1,226	1,465	1,563	1,258	1,257
Accounts Payable	154.27	171.67	313.57	437.97	180.04	166.74
Accrued Expenses	7.89	10.16	16.72	15.22	12.16	16.75
Short-Term Debt	-	-	61.31	30.08	-	-
Current Portion of Long-Term Debt	1.18	1.76	-	-	-	-
Current Portion of Leases	-	-	2.36	4.19	3.04	0.29
Current Income Taxes Payable	2.92	0.82	-	0.14	0	-
Current Unearned Revenue	21.82	18.93	22.45	5.87	4.27	6.02
Other Current Liabilities	7.98	10.64	23.65	23.02	7.78	1.16
Total Current Liabilities	196.05	213.96	440.06	516.49	207.28	190.95
Long-Term Leases	-	-	1.76	10.07	4.5	-
Long-Term Unearned Revenue	3.53	3.06	4.02	5.21	8.33	10.44
Long-Term Deferred Tax Liabilities	0	-	-	0.04	0.05	-
Other Long-Term Liabilities	67.5	87.5	-	-	-	-
Total Liabilities	267.08	304.53	445.84	531.82	220.17	201.39
Common Stock	179.2	179.2	179.2	128	128	128
Additional Paid-In Capital	680.43	679.75	676.85	731.1	731.1	731.1
Retained Earnings	77.24	68.5	170.34	184.44	178.3	196.63
Treasury Stock	-3.2	-3.2	-6.41	-11.97	-	-
Comprehensive Income & Other	-3.26	-3.26	-0.67	-	-	-
Total Common Equity	930.42	920.99	1,019	1,032	1,037	1,056
Minority Interest	-	-	-	-0.04	-	-
Shareholders' Equity	930.42	920.99	1,019	1,032	1,037	1,056
Total Liabilities & Equity	1,198	1,226	1,465	1,563	1,258	1,257
Total Debt	1.18	1.76	65.42	44.35	7.54	0.29
Net Cash (Debt)	363.25	357.49	606.14	611.86	517.46	370.65
Net Cash Growth	-39.64%	-41.02%	-0.93%	18.24%	39.61%	72.00%
Net Cash Per Share	2.04	2.00	3.15	2.99	2.79	2.07
Filing Date Shares Outstanding	174.95	191.12	179.2	276.34	179.2	179.2
Total Common Shares Outstanding	174.95	191.12	179.2	276.34	179.2	179.2
Working Capital	749.73	775.85	760.43	785.82	753.77	733.35
Book Value Per Share	5.32	4.82	5.69	3.73	5.79	5.89
Tangible Book Value	889.09	879.36	976.67	987.79	973.82	990.47
Tangible Book Value Per Share	5.08	4.60	5.45	3.57	5.43	5.53
Buildings	-	-	106.29	105.52	166.83	132.9
Machinery	-	-	369.34	366.83	470.31	493.85
Construction In Progress	-	-	7.17	8.33	0.98	31.84

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