SHA:603928 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	58.38	33.82	30.22	104.43	50.44	25.15
Trading Asset Securities	144.67	157.98	168.17	72.66	245.04	176.02
Cash & Short-Term Investments	203.05	191.8	198.39	177.09	295.49	201.17
Cash Growth	-0.46%	-3.32%	12.03%	-40.07%	46.88%	-12.00%
Accounts Receivable	1,030	1,011	740.45	797.02	944.49	960.92
Other Receivables	1.53	1.28	0.64	0.81	0.83	0.78
Receivables	1,031	1,013	741.09	797.83	945.32	961.7
Inventory	89.23	85.69	88.4	88.16	88.17	93.21
Other Current Assets	20.36	14.43	13.55	11.79	16.34	30.69
Total Current Assets	1,344	1,304	1,041	1,075	1,345	1,287
Property, Plant & Equipment	366.37	375.23	399.21	441.57	465.21	461.09
Long-Term Investments	72.7	72.7	67.57	94.92	139.85	77.75
Other Intangible Assets	204.01	205.18	209.77	214.45	49.93	51.25
Long-Term Deferred Tax Assets	10.26	10.08	9.43	10.07	9.7	10.27
Other Long-Term Assets	22.67	13.29	3.42	2.85	4.07	2.64
Total Assets	2,020	1,981	1,731	1,839	2,014	1,890
Accounts Payable	173.85	152.08	165.76	154.4	197.42	307.25
Accrued Expenses	17.65	35.26	32.9	32.96	35.72	37
Short-Term Debt	0.11	189.69	-	98.8	262.63	-
Current Income Taxes Payable	17.87	7.56	1.83	5.67	0.97	3.93
Current Unearned Revenue	2.17	2.71	3.05	1.1	1.42	1.6
Other Current Liabilities	182.89	0.67	0.91	1.24	0.78	0.52
Total Current Liabilities	394.54	387.97	204.46	294.17	498.95	350.29
Long-Term Unearned Revenue	8.52	8.93	9.94	10.43	11.89	13.35
Long-Term Deferred Tax Liabilities	2.42	2.42	1.65	5.8	13.09	3.24
Total Liabilities	405.49	399.33	216.05	310.4	523.93	366.88
Common Stock	262.08	262.08	262.08	201.6	201.6	201.6
Additional Paid-In Capital	487.78	487.78	487.78	548.26	548.26	548.26
Retained Earnings	838.08	806.27	746.67	739.82	663.87	749.23
Comprehensive Income & Other	26.52	25.47	18.25	38.65	76.41	23.79
Shareholders' Equity	1,614	1,582	1,515	1,528	1,490	1,523
Total Liabilities & Equity	2,020	1,981	1,731	1,839	2,014	1,890
Total Debt	0.11	189.69	-	98.8	262.63	-
Net Cash (Debt)	202.94	2.11	198.39	78.28	32.85	201.17
Net Cash Growth	0.06%	-98.94%	153.42%	138.28%	-83.67%	-12.00%
Net Cash Per Share	0.78	0.01	0.73	0.30	0.13	0.76
Filing Date Shares Outstanding	265.08	262.08	262.08	262.08	262.08	262.08
Total Common Shares Outstanding	265.08	262.08	262.08	262.08	262.08	262.08
Working Capital	949.41	916.47	836.98	780.7	846.37	936.48
Book Value Per Share	6.09	6.03	5.78	5.83	5.69	5.81
Tangible Book Value	1,410	1,376	1,305	1,314	1,440	1,472
Tangible Book Value Per Share	5.32	5.25	4.98	5.01	5.50	5.62
Buildings	-	-	-	304.41	275.37	275.53
Machinery	-	698.14	688.41	356.63	346.45	325.12
Construction In Progress	-	30.42	17.71	41.74	64.58	40.35

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