SHA:603938 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	211.23	158.07	106.52	310.4	213.45
Trading Asset Securities	410	380	719	310	52
Cash & Short-Term Investments	621.23	538.07	825.52	620.4	265.45
Cash Growth	15.46%	-34.82%	33.06%	133.72%	-24.78%
Accounts Receivable	574.62	401.31	463.01	772.18	528.83
Other Receivables	2.31	2.67	3.92	2.92	3.38
Receivables	576.93	403.98	466.93	775.11	532.21
Inventory	169.3	180.56	157.5	265.65	144.93
Other Current Assets	28.87	31.28	63.17	63.91	75.12
Total Current Assets	1,396	1,154	1,513	1,725	1,018
Property, Plant & Equipment	1,652	1,739	1,494	1,350	1,111
Long-Term Investments	-	-	-	4.9	-
Other Intangible Assets	130.07	129.66	133.24	133.85	137.3
Long-Term Deferred Tax Assets	70.17	60.88	59.38	31.59	14.77
Long-Term Deferred Charges	2.13	0.7	0.93	0.43	1.24
Other Long-Term Assets	23.06	21.73	95.13	89.91	39.11
Total Assets	3,273	3,105	3,296	3,336	2,321
Accounts Payable	448.75	316.04	225.21	219.35	134.83
Accrued Expenses	1.22	20.52	26.96	47.3	29.9
Short-Term Debt	63.22	93.57	96.66	94.52	27.34
Current Portion of Long-Term Debt	-	-	48	32	20
Current Portion of Leases	-	-	-	-	0.53
Current Income Taxes Payable	7.28	2.72	8.21	28.01	14.75
Current Unearned Revenue	44.54	37.11	26.74	81.04	44.18
Other Current Liabilities	158.87	160.54	134.28	164.83	264
Total Current Liabilities	723.88	630.51	566.05	667.05	535.52
Long-Term Debt	-	-	270.82	318.47	148.5
Long-Term Unearned Revenue	46.8	46.09	52.03	49.2	50.89
Long-Term Deferred Tax Liabilities	-	-	1.78	2.27	2.67
Total Liabilities	770.68	676.6	890.7	1,037	737.57
Common Stock	382.62	382.62	382.62	273.3	195.22
Additional Paid-In Capital	199.27	199.34	198.51	309.73	387.82
Retained Earnings	1,896	1,822	1,778	1,658	943.43
Treasury Stock	-17.01	-16.67	-	-	-
Comprehensive Income & Other	40.29	39.52	37.47	34.57	28.14
Total Common Equity	2,501	2,427	2,397	2,275	1,555
Minority Interest	1.86	2.17	8.96	23.93	28.66
Shareholders' Equity	2,503	2,429	2,406	2,299	1,583
Total Liabilities & Equity	3,273	3,105	3,296	3,336	2,321
Total Debt	63.22	93.57	415.48	444.98	196.37
Net Cash (Debt)	558	444.5	410.04	175.42	69.08
Net Cash Growth	25.54%	8.40%	133.75%	153.94%	-75.57%
Net Cash Per Share	1.46	1.18	1.07	0.46	0.18
Filing Date Shares Outstanding	397.7	381.22	382.62	382.62	382.62
Total Common Shares Outstanding	397.7	381.25	382.62	382.62	382.62
Working Capital	672.44	523.38	947.06	1,058	482.18
Book Value Per Share	6.29	6.36	6.26	5.95	4.06
Tangible Book Value	2,371	2,297	2,263	2,141	1,417
Tangible Book Value Per Share	5.96	6.02	5.92	5.60	3.70
Buildings	-	820.67	818.7	505.33	342.07
Machinery	-	1,181	1,103	798.62	641.29
Construction In Progress	-	393.42	92.13	574.46	601.31

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