SHA:603956 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	433.91	322.08	511.76	702.39	883.98	382.35
Short-Term Investments	-	-	-	-	5.05	-
Trading Asset Securities	84.06	114.01	41.23	16.36	100	-
Cash & Short-Term Investments	517.98	436.09	552.99	718.76	989.04	382.35
Cash Growth	12.15%	-21.14%	-23.06%	-27.33%	158.68%	-51.72%
Accounts Receivable	1,010	1,116	1,048	1,002	914.51	884.77
Other Receivables	26.16	26.56	31.91	25.95	18.14	45.2
Receivables	1,036	1,142	1,080	1,028	932.65	929.97
Inventory	218.49	173.63	198.37	225.39	237.77	147.24
Prepaid Expenses	-	-	38.98	0.11	0.02	-
Other Current Assets	93.81	83.62	46.7	75.28	127.12	40.11
Total Current Assets	1,867	1,836	1,917	2,047	2,287	1,500
Property, Plant & Equipment	703.59	713.99	754.05	681.48	585.24	476.49
Long-Term Investments	145.08	145.06	178.98	184.55	166.83	179.65
Goodwill	89.4	89.4	110.17	115.14	115.14	4.65
Other Intangible Assets	198.35	205.65	227.11	247.99	223.17	136.18
Long-Term Deferred Tax Assets	96.82	87.42	100.53	60.12	52.13	29.57
Long-Term Deferred Charges	6.8	6.77	4.25	2.67	36.75	31.89
Other Long-Term Assets	-	-	-	-	0.07	29.52
Total Assets	3,107	3,084	3,292	3,339	3,466	2,388
Accounts Payable	350.29	388.08	295.6	300.15	276.45	247.83
Accrued Expenses	26.34	80.95	201.25	209.93	178.62	137.22
Short-Term Debt	375.32	229.18	371.9	67.12	156.63	61.01
Current Portion of Long-Term Debt	12.59	13.87	-	-	-	-
Current Portion of Leases	-	-	16.37	10.04	12.04	9.1
Current Income Taxes Payable	4.29	33.48	0.08	3.93	2.15	23.5
Current Unearned Revenue	267.46	161.57	131.29	137.65	211.44	97.98
Other Current Liabilities	147.29	186.97	76.5	118.02	117.86	107.2
Total Current Liabilities	1,184	1,094	1,093	846.84	955.18	683.84
Long-Term Debt	-	-	394.29	379.34	362.38	344.34
Long-Term Leases	22.74	24.05	34.31	6.62	12.87	11.99
Long-Term Unearned Revenue	19.04	19.18	21.03	11.21	6.32	8.6
Long-Term Deferred Tax Liabilities	8.79	9.28	13.72	8.84	11.36	0.47
Other Long-Term Liabilities	8.81	13.64	10.01	6.17	3.47	4.46
Total Liabilities	1,243	1,160	1,566	1,259	1,352	1,054
Common Stock	569.91	569.91	500.97	508.44	508.44	425.96
Additional Paid-In Capital	1,471	1,467	1,068	1,149	1,151	299.89
Retained Earnings	-103.91	-45.84	106.78	367.96	394.98	627.42
Treasury Stock	-99.23	-98.73	-93.84	-88.44	-88.44	-115.87
Comprehensive Income & Other	5.36	5.36	99.8	92.49	92.49	92.49
Total Common Equity	1,843	1,898	1,681	2,029	2,059	1,330
Minority Interest	20.62	25.94	44.15	51.23	55.62	4.03
Shareholders' Equity	1,864	1,924	1,726	2,080	2,114	1,334
Total Liabilities & Equity	3,107	3,084	3,292	3,339	3,466	2,388
Total Debt	410.65	267.11	816.87	463.13	543.93	426.44
Net Cash (Debt)	107.33	168.98	-263.87	255.63	445.11	-44.09
Net Cash Growth	-	-	-	-42.57%	-	-
Net Cash Per Share	0.19	0.31	-0.54	0.55	0.93	-0.10
Filing Date Shares Outstanding	580.68	601.83	485.53	503.28	503.28	500.97
Total Common Shares Outstanding	580.68	601.83	485.53	503.28	503.28	418.5
Working Capital	683.12	741.52	823.79	1,201	1,331	815.83
Book Value Per Share	3.17	3.15	3.46	4.03	4.09	3.18
Tangible Book Value	1,555	1,603	1,344	1,666	1,720	1,189
Tangible Book Value Per Share	2.68	2.66	2.77	3.31	3.42	2.84
Buildings	-	-	726.4	460.79	438.1	435.54
Machinery	-	-	128.88	127.04	106.05	96.66
Construction In Progress	-	-	5.61	210.77	127.64	10.47

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