SHA:603985 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	574.57	376.1	748.82	1,195	791.4
Trading Asset Securities	-	0.65	-	-	1,045
Cash & Short-Term Investments	574.57	376.75	748.82	1,195	1,836
Cash Growth	52.51%	-49.69%	-37.32%	-34.95%	523.03%
Accounts Receivable	914.04	802.98	768.6	645.07	493.67
Other Receivables	4.31	5.72	190.26	5.42	4.42
Receivables	918.35	808.7	958.86	650.49	498.09
Inventory	934.45	606.54	536.93	619.17	404.7
Prepaid Expenses	3.38	0.63	-	-	-
Other Current Assets	150.8	122.49	71.33	82.93	39.69
Total Current Assets	2,582	1,915	2,316	2,547	2,779
Property, Plant & Equipment	2,702	2,279	2,164	1,310	632.57
Long-Term Investments	90.78	104.3	113.78	147.74	128.07
Goodwill	0	0	0	-	-
Other Intangible Assets	127.43	112.02	109.37	106.97	77.84
Long-Term Accounts Receivable	74.93	44.56	-	-	-
Long-Term Deferred Tax Assets	66.63	67.6	44.5	16.34	13.81
Long-Term Deferred Charges	2.8	1.91	-	-	1.55
Other Long-Term Assets	64.15	72.96	199.58	186.33	259.9
Total Assets	5,710	4,597	4,948	4,314	3,893
Accounts Payable	556.98	399.71	536.3	731.62	446.92
Accrued Expenses	43.27	38.54	45.59	40.62	38.24
Short-Term Debt	1,059	775.17	871.04	80.32	-
Current Portion of Long-Term Debt	0.82	-	-	-	-
Current Portion of Leases	1.72	1.31	1.24	1.1	-
Current Income Taxes Payable	0.32	2.46	6.89	24.66	32.81
Current Unearned Revenue	13.24	7.07	4.89	7.01	15.08
Other Current Liabilities	344.12	43.7	77	0.83	2.06
Total Current Liabilities	2,019	1,268	1,543	886.15	535.12
Long-Term Debt	19.2	-	-	-	-
Long-Term Leases	1.13	2.45	2.2	0.57	-
Long-Term Unearned Revenue	50.4	52	48.85	26.86	17.8
Long-Term Deferred Tax Liabilities	6.02	-	2.87	2.43	2.47
Other Long-Term Liabilities	336.59	62.71	1.17	0.56	-
Total Liabilities	2,433	1,385	1,598	916.56	555.38
Common Stock	440.86	440.86	440.86	440.86	339.12
Additional Paid-In Capital	1,684	1,698	1,698	1,697	1,799
Retained Earnings	1,152	1,068	1,207	1,259	1,198
Treasury Stock	-4.26	-	-	-	-
Comprehensive Income & Other	-1.27	0.23	-0.42	0.37	0.74
Total Common Equity	3,271	3,208	3,345	3,398	3,337
Minority Interest	6.58	4.21	4.11	-	-
Shareholders' Equity	3,278	3,212	3,350	3,398	3,337
Total Liabilities & Equity	5,710	4,597	4,948	4,314	3,893
Total Debt	1,082	778.94	874.49	81.99	-
Net Cash (Debt)	-507.22	-402.19	-125.67	1,113	1,836
Net Cash Growth	-	-	-	-39.41%	-
Net Cash Per Share	-1.16	-0.91	-0.29	2.52	4.77
Filing Date Shares Outstanding	440.54	440.86	440.86	440.86	440.86
Total Common Shares Outstanding	440.54	440.86	440.86	440.86	440.86
Working Capital	562.15	647.16	772.98	1,661	2,244
Book Value Per Share	7.42	7.28	7.59	7.71	7.57
Tangible Book Value	3,144	3,096	3,236	3,291	3,259
Tangible Book Value Per Share	7.14	7.02	7.34	7.46	7.39
Buildings	599.05	591.86	557.56	358.91	210.7
Machinery	2,687	2,011	1,515	810.36	572.6
Construction In Progress	249.62	285.48	541	499.59	168.25

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