SHA:603937 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	179.06	179.32	136.91	199.8	254.34	431.42
Trading Asset Securities	100	-	36.16	227.05	100	70
Cash & Short-Term Investments	279.06	179.32	173.07	426.85	354.34	501.42
Cash Growth	75.79%	3.61%	-59.45%	20.46%	-29.33%	-26.41%
Accounts Receivable	360.08	474.78	381.96	366.61	349.62	436.08
Other Receivables	93.75	3.02	2.77	1.41	0.54	13.26
Receivables	453.83	477.8	384.73	368.01	350.17	449.34
Inventory	483.01	486.24	478.17	390.61	370	363.3
Other Current Assets	106.76	102.91	205.11	224.2	94.93	207.19
Total Current Assets	1,323	1,246	1,241	1,410	1,169	1,521
Property, Plant & Equipment	1,101	1,122	1,184	1,091	430.03	266.45
Long-Term Investments	2.7	2.7	2.7	2.7	2.7	2.7
Other Intangible Assets	62.21	62.58	64.05	65.65	86.29	74.32
Long-Term Deferred Tax Assets	35.81	27.63	30.63	24.43	5.03	3.52
Long-Term Deferred Charges	-	-	-	0.09	0.2	0.31
Other Long-Term Assets	108.03	70.5	4.23	21.74	183.51	5.18
Total Assets	2,633	2,531	2,527	2,616	1,877	1,874
Accounts Payable	452.15	436.33	288.74	347.66	172.95	276.17
Accrued Expenses	16.69	13.9	16.45	15.59	15.92	15.64
Short-Term Debt	-	-	-	-	34.87	10.01
Current Portion of Leases	-	-	-	0.03	0.02	0.02
Current Income Taxes Payable	-	5.25	4.61	19.49	9.27	9.04
Current Unearned Revenue	12.65	11.87	11.09	14.37	26.26	22.15
Other Current Liabilities	126.29	124.55	233.89	235.49	41.64	14.05
Total Current Liabilities	607.78	591.91	554.79	632.62	300.94	347.08
Long-Term Debt	277.09	274.02	263.23	252.24	-	-
Long-Term Leases	-	-	-	0.01	0.04	0.06
Long-Term Unearned Revenue	158.5	102	112.16	76.85	4.77	1.22
Long-Term Deferred Tax Liabilities	6.46	6.46	9.19	11.95	-	-
Other Long-Term Liabilities	5.01	5.01	-	-	-	-
Total Liabilities	1,055	979.42	939.37	973.67	305.75	348.37
Common Stock	208.89	208.89	208.88	208.88	208.88	208.88
Additional Paid-In Capital	-	551.95	551.85	551.84	551.84	551.84
Retained Earnings	786.59	760.69	796.52	851	810.72	764.63
Comprehensive Income & Other	582.26	30.29	30.3	30.3	-	-
Shareholders' Equity	1,578	1,552	1,588	1,642	1,571	1,525
Total Liabilities & Equity	2,633	2,531	2,527	2,616	1,877	1,874
Total Debt	277.09	274.02	263.23	252.28	34.94	10.1
Net Cash (Debt)	1.97	-94.71	-90.16	174.57	319.4	491.32
Net Cash Growth	-	-	-	-45.34%	-34.99%	-25.71%
Net Cash Per Share	0.00	-0.19	-0.42	0.83	1.53	2.34
Filing Date Shares Outstanding	215.83	207.91	208.88	208.88	208.88	208.88
Total Common Shares Outstanding	215.83	207.91	208.88	208.88	208.88	208.88
Working Capital	714.88	654.36	686.29	777.07	868.49	1,174
Book Value Per Share	7.31	7.46	7.60	7.86	7.52	7.30
Tangible Book Value	1,516	1,489	1,523	1,576	1,485	1,451
Tangible Book Value Per Share	7.02	7.16	7.29	7.55	7.11	6.95
Buildings	-	-	508.99	330.67	184.59	184.57
Machinery	-	-	836.95	295.89	254	227.65
Construction In Progress	-	-	16.91	579.01	195.96	33.12

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