SHA:603968 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	636.12	752.55	658.16	896.59	827.49	281.94
Trading Asset Securities	325.88	314.69	470.61	356.07	384.83	692.39
Cash & Short-Term Investments	962	1,067	1,129	1,253	1,212	974.33
Cash Growth	-16.63%	-5.45%	-9.89%	3.33%	24.43%	-13.96%
Accounts Receivable	647.25	531.13	617.58	654.95	639.69	574.61
Other Receivables	6.1	3.44	12.24	4.08	3.11	0.96
Receivables	653.35	534.57	629.81	659.03	642.8	575.57
Inventory	376.88	351.75	252.44	256.7	173.14	190.94
Other Current Assets	80.88	65.4	49.9	77.22	53.39	105.27
Total Current Assets	2,073	2,019	2,061	2,246	2,082	1,846
Property, Plant & Equipment	910.97	928.54	939.15	963.86	864.24	691.46
Long-Term Investments	126.99	128	134.46	117.78	110.49	102.13
Other Intangible Assets	162.28	163.41	166.76	172.27	94.92	91.23
Long-Term Deferred Tax Assets	48.15	44.66	38.37	31.11	12.51	8.29
Long-Term Deferred Charges	0.51	0.57	0.83	-	-	-
Other Long-Term Assets	10.01	5.68	15.83	15.4	8.15	44.59
Total Assets	3,332	3,290	3,356	3,546	3,172	2,784
Accounts Payable	680.22	708.81	692.24	508.43	440.56	524.47
Accrued Expenses	10.28	24.03	31.44	29.52	26.35	22.28
Short-Term Debt	265	161	97.7	122.8	0.7	70.83
Current Portion of Long-Term Debt	265.72	265.72	160.5	110	205	-
Current Portion of Leases	-	-	0.06	0.06	-	-
Current Income Taxes Payable	9	9.71	1.36	2.2	15.64	9.98
Current Unearned Revenue	34.1	16.73	14.97	20.27	10.34	34.53
Other Current Liabilities	88.08	106.11	161.5	230.19	92.46	64.29
Total Current Liabilities	1,352	1,292	1,160	1,023	791.05	726.38
Long-Term Debt	39.71	39.71	174.9	327.33	200	200
Long-Term Leases	0.11	0.11	0.13	0.19	-	-
Long-Term Unearned Revenue	54.37	55.97	60.36	61.01	66.71	49.13
Long-Term Deferred Tax Liabilities	33.66	34.26	36.58	40.94	21.93	18.56
Other Long-Term Liabilities	4.13	4.43	7.2	8.96	-	-
Total Liabilities	1,484	1,427	1,439	1,462	1,080	994.07
Common Stock	204.48	204.48	207.38	209.32	204.48	204.48
Additional Paid-In Capital	414.7	414.7	436.69	463.38	397.12	397.12
Retained Earnings	1,120	1,138	1,197	1,359	1,493	1,194
Treasury Stock	-	-	-28.55	-48.93	-	-
Comprehensive Income & Other	11.65	11.07	13.04	11.65	-2.61	-5.89
Total Common Equity	1,751	1,768	1,825	1,994	2,092	1,790
Minority Interest	96.92	95	92.17	90.17	-	-
Shareholders' Equity	1,848	1,863	1,917	2,084	2,092	1,790
Total Liabilities & Equity	3,332	3,290	3,356	3,546	3,172	2,784
Total Debt	570.55	466.55	433.29	560.39	405.7	270.83
Net Cash (Debt)	391.45	600.69	695.48	692.27	806.62	703.5
Net Cash Growth	-26.01%	-13.63%	0.46%	-14.18%	14.66%	-14.62%
Net Cash Per Share	1.91	2.92	3.34	3.26	3.94	3.44
Filing Date Shares Outstanding	204.56	204.62	207.38	209.32	204.48	204.48
Total Common Shares Outstanding	204.56	204.62	207.38	209.32	204.48	204.48
Working Capital	720.71	726.88	901.15	1,222	1,291	1,120
Book Value Per Share	8.56	8.64	8.80	9.53	10.23	8.75
Tangible Book Value	1,588	1,605	1,658	1,822	1,997	1,699
Tangible Book Value Per Share	7.76	7.84	8.00	8.70	9.77	8.31
Buildings	-	-	513.65	509.21	426.56	306.12
Machinery	-	-	1,209	1,186	1,035	768.58
Construction In Progress	-	-	46.87	15.47	71.52	240.81

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