SHA:603970 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	276.49	249.73	405.31	864.09	1,932	966.97
Trading Asset Securities	572.8	864.33	1,000	792.2	1,000	506.93
Cash & Short-Term Investments	849.3	1,114	1,405	1,656	2,932	1,474
Cash Growth	-3.48%	-20.72%	-15.15%	-43.50%	98.91%	-2.28%
Accounts Receivable	2,069	1,512	1,692	1,708	320.93	199.29
Other Receivables	34.83	25.1	49.42	59.03	116.35	37.94
Receivables	2,104	1,537	1,741	1,767	437.29	237.23
Inventory	2,520	1,470	1,573	1,536	1,563	1,716
Other Current Assets	811.68	526.87	633.58	779.25	1,047	1,077
Total Current Assets	6,285	4,648	5,353	5,738	5,979	4,504
Property, Plant & Equipment	61.31	48.06	58.53	71.84	60.39	73.77
Long-Term Investments	165.45	166.89	95.09	99.13	113.2	86.17
Other Intangible Assets	2.94	3.08	3.65	4.29	5.14	50.53
Long-Term Deferred Tax Assets	48.58	42.46	43.95	50.38	44.72	25.3
Long-Term Deferred Charges	2.84	3.21	5.67	2.53	1.48	1.69
Other Long-Term Assets	-	-	42	42	42	-
Total Assets	6,566	4,911	5,602	6,008	6,246	4,742
Accounts Payable	2,633	1,478	2,118	2,759	2,648	1,298
Accrued Expenses	70.26	68.1	83.75	81.12	75.32	40.48
Short-Term Debt	362.94	558.02	628.48	628.87	800.73	942
Current Portion of Long-Term Debt	8.99	3.67	-	100.08	0.09	-
Current Portion of Leases	-	-	8.73	10.05	3.5	9.71
Current Income Taxes Payable	76.32	47.79	25.19	30.86	55.09	24.68
Current Unearned Revenue	1,403	918.36	897.8	624.42	932.11	893.39
Other Current Liabilities	186.97	78.91	139.55	152.86	116.85	221.24
Total Current Liabilities	4,742	3,152	3,901	4,388	4,632	3,429
Long-Term Debt	-	-	-	-	100	-
Long-Term Leases	17.52	9.29	4.32	9.29	5.61	5.46
Long-Term Unearned Revenue	1.43	1.62	0.15	0.33	-	8.39
Long-Term Deferred Tax Liabilities	18.78	15.49	9.74	12.58	18.18	12.11
Other Long-Term Liabilities	4.46	4.46	4.28	4.28	6.01	5.59
Total Liabilities	4,784	3,183	3,920	4,414	4,762	3,461
Common Stock	268.8	268.8	268.8	268.8	192	192
Additional Paid-In Capital	238.23	238.23	238.23	238.23	302.15	298.02
Retained Earnings	1,099	1,044	992.72	910.31	791.07	648.12
Comprehensive Income & Other	20.55	24.7	20.69	22.2	32.93	33
Total Common Equity	1,627	1,576	1,520	1,440	1,318	1,171
Minority Interest	155.32	152.22	162.24	154.62	166.2	109.75
Shareholders' Equity	1,782	1,728	1,683	1,594	1,484	1,281
Total Liabilities & Equity	6,566	4,911	5,602	6,008	6,246	4,742
Total Debt	389.46	570.98	641.53	748.28	909.93	957.18
Net Cash (Debt)	459.84	543.08	763.78	908.02	2,022	516.72
Net Cash Growth	212.56%	-28.90%	-15.88%	-55.09%	291.28%	34.71%
Net Cash Per Share	1.71	2.02	2.84	3.38	7.52	1.92
Filing Date Shares Outstanding	268.84	268.77	268.8	268.8	268.8	268.8
Total Common Shares Outstanding	268.84	268.77	268.8	268.8	268.8	268.8
Working Capital	1,543	1,495	1,452	1,350	1,347	1,075
Book Value Per Share	6.05	5.86	5.66	5.36	4.90	4.36
Tangible Book Value	1,624	1,573	1,517	1,435	1,313	1,121
Tangible Book Value Per Share	6.04	5.85	5.64	5.34	4.88	4.17
Buildings	-	-	28.31	17.54	17.54	17.54
Machinery	-	-	87.7	89.14	95.86	98.37
Construction In Progress	-	-	-	9.32	-	-

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