SHA:603987 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	425.11	491.95	368.13	508.72	419.67	1,006
Trading Asset Securities	-	-	-	1.82	3.31	5.59
Cash & Short-Term Investments	425.11	491.95	368.13	510.54	422.97	1,012
Cash Growth	27.56%	33.64%	-27.89%	20.70%	-58.19%	-23.28%
Accounts Receivable	1,004	969.96	937.05	916.66	974.97	909.79
Other Receivables	10.63	12.89	19.62	20.39	26.04	64.69
Receivables	1,015	982.85	956.67	937.05	1,001	974.48
Inventory	362.78	383.03	445.43	439.71	475.47	553.29
Prepaid Expenses	-	4.53	7.16	5.38	3.65	0.48
Other Current Assets	82.91	60.23	59.69	64.44	73.07	90.23
Total Current Assets	1,886	1,923	1,837	1,957	1,976	2,630
Property, Plant & Equipment	1,277	1,292	1,342	1,328	1,253	1,583
Long-Term Investments	672.74	567.88	482.39	446.85	417.43	144.58
Goodwill	169.46	169.46	204.91	204.91	204.91	169.46
Other Intangible Assets	192.55	195.84	218.93	229.82	241.06	307.21
Long-Term Accounts Receivable	-	-	-	1.8	3.57	5.27
Long-Term Deferred Tax Assets	16.7	16.61	20.5	8.78	12.96	19.95
Long-Term Deferred Charges	12.3	4.32	18.29	11.07	6.95	54.19
Other Long-Term Assets	21.95	23.81	24.37	30.75	22.23	44.23
Total Assets	4,248	4,193	4,148	4,219	4,138	4,958
Accounts Payable	266.29	300.99	304.55	341.15	409.6	417.07
Accrued Expenses	39.3	153.94	170.61	183.76	226	212.49
Short-Term Debt	557.85	549.35	543.56	688.41	693.22	629.35
Current Portion of Long-Term Debt	6.2	-	57.46	13.44	6.04	3.83
Current Portion of Leases	-	3.84	9.14	15.17	16.64	9.45
Current Income Taxes Payable	20.97	16.3	11.87	3.22	14.62	27.95
Current Unearned Revenue	39.05	41.17	51.89	31.73	50.54	78.01
Other Current Liabilities	73.21	21.13	15	30.4	33.86	38.52
Total Current Liabilities	1,003	1,087	1,164	1,307	1,451	1,417
Long-Term Debt	-	-	20.19	64.05	41	35.67
Long-Term Leases	7.89	3.71	8.29	12.96	19.88	19.47
Long-Term Unearned Revenue	29.4	31.12	27.2	34.51	36.23	35.15
Long-Term Deferred Tax Liabilities	14.7	14.75	17.58	19.66	21.9	25.85
Other Long-Term Liabilities	-	-	1.27	1.08	18.62	35.15
Total Liabilities	1,055	1,136	1,239	1,440	1,588	1,568
Common Stock	436.79	436.79	441	441	441.57	441.57
Additional Paid-In Capital	625.15	546.68	620.81	633.24	619.61	613.98
Retained Earnings	1,783	1,729	1,554	1,408	1,274	1,050
Treasury Stock	-	-	-80.01	-80.01	-99.16	-30.43
Comprehensive Income & Other	2.42	3.2	4.05	3.03	-4.2	2.42
Total Common Equity	2,847	2,715	2,540	2,406	2,231	2,077
Minority Interest	346.29	341.04	370.11	373.52	318.5	1,313
Shareholders' Equity	3,193	3,056	2,910	2,779	2,550	3,390
Total Liabilities & Equity	4,248	4,193	4,148	4,219	4,138	4,958
Total Debt	571.94	556.9	638.64	794.03	776.78	697.77
Net Cash (Debt)	-146.83	-64.95	-270.51	-283.5	-353.8	313.8
Net Cash Growth	-	-	-	-	-	-58.30%
Net Cash Per Share	-0.33	-0.15	-0.62	-0.65	-0.81	0.71
Filing Date Shares Outstanding	450.57	436.79	436.79	441	441.57	441.57
Total Common Shares Outstanding	450.57	436.79	436.79	441	441.57	441.57
Working Capital	882.94	835.88	673	649.84	525.65	1,213
Book Value Per Share	6.32	6.22	5.81	5.45	5.05	4.70
Tangible Book Value	2,485	2,350	2,116	1,971	1,785	1,601
Tangible Book Value Per Share	5.52	5.38	4.84	4.47	4.04	3.63
Buildings	-	1,229	1,007	973.69	941.55	808.64
Machinery	-	981.44	951.43	937.34	864.51	928.12
Construction In Progress	-	19.6	206.25	156.89	65.09	446.05

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