SHA:603950 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	461.06	285.82	263.02	591.42	613.9
Trading Asset Securities	-	54.3	64.53	27.41	51.85
Cash & Short-Term Investments	461.06	340.12	327.55	618.83	665.75
Cash Growth	35.56%	3.84%	-47.07%	-7.05%	2.92%
Accounts Receivable	1,132	1,142	800.86	688.76	594.85
Other Receivables	85.91	51.54	57.58	50.72	12.86
Receivables	1,218	1,193	858.44	739.48	607.71
Inventory	691.86	526.96	425.94	340.32	308.08
Other Current Assets	136.38	117.53	106	93.38	117.07
Total Current Assets	2,507	2,178	1,718	1,792	1,699
Property, Plant & Equipment	2,881	2,564	2,143	1,693	1,710
Long-Term Investments	84.71	32.91	34.88	34.45	56.86
Other Intangible Assets	126.94	129.83	133.03	138.46	123.18
Long-Term Deferred Tax Assets	69.72	75.08	92.94	82.69	57.68
Long-Term Deferred Charges	6.77	8.7	9.06	7.17	1.9
Other Long-Term Assets	123.83	95.26	160.03	92.24	43.36
Total Assets	5,800	5,083	4,291	3,840	3,691
Accounts Payable	1,208	1,162	714.19	514.23	495.94
Accrued Expenses	33.81	38.3	38.88	48.82	45.55
Short-Term Debt	564.88	200.17	100.11	-	-
Current Portion of Long-Term Debt	72.13	56	31	450	100
Current Portion of Leases	-	0.14	1.67	1.59	1.52
Current Income Taxes Payable	24.19	1.03	0.11	10.13	16.34
Current Unearned Revenue	4.96	7.18	4.46	6.06	8.67
Other Current Liabilities	91.52	40.57	32.55	42.41	54.96
Total Current Liabilities	1,999	1,505	922.97	1,073	722.97
Long-Term Debt	452.28	486	478	80	400
Long-Term Leases	5.02	-	0.14	1.81	3.41
Long-Term Unearned Revenue	310.5	346.64	354.09	367.38	257.75
Long-Term Deferred Tax Liabilities	1.62	0.04	0.43	-	0.04
Other Long-Term Liabilities	-	35.72	35.72	37.17	39.39
Total Liabilities	2,769	2,373	1,791	1,560	1,424
Common Stock	324.13	324.13	324.13	231.52	231.52
Additional Paid-In Capital	977.33	977.07	977.07	1,070	1,070
Retained Earnings	1,719	1,400	1,169	950.83	950.79
Treasury Stock	-8.28	-17.4	-	-	-
Comprehensive Income & Other	0.04	0.05	0.69	1.64	0.91
Total Common Equity	3,012	2,684	2,471	2,254	2,253
Minority Interest	19.15	26.27	28.34	26.49	14.1
Shareholders' Equity	3,031	2,710	2,500	2,280	2,268
Total Liabilities & Equity	5,800	5,083	4,291	3,840	3,691
Total Debt	1,094	742.31	610.92	533.41	504.93
Net Cash (Debt)	-633.25	-402.19	-283.37	85.42	160.82
Net Cash Growth	-	-	-	-46.88%	-
Net Cash Per Share	-1.95	-1.29	-0.87	0.26	0.50
Filing Date Shares Outstanding	329.47	323.13	324.13	324.13	324.13
Total Common Shares Outstanding	329.47	323.13	324.13	324.13	324.13
Working Capital	507.98	672.85	794.96	718.78	975.65
Book Value Per Share	9.14	8.31	7.62	6.95	6.95
Tangible Book Value	2,885	2,554	2,338	2,115	2,130
Tangible Book Value Per Share	8.76	7.90	7.21	6.53	6.57
Buildings	-	332.81	273.05	215.09	204.06
Machinery	-	3,467	2,841	2,447	2,408
Construction In Progress	-	431.24	450.79	249.31	115.39

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.