SHA:603991 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	691.32	1,235	31.65	33.59	28.52	52.2
Trading Asset Securities	-	-	0.66	13.23	-	-
Cash & Short-Term Investments	691.32	1,235	32.31	46.82	28.52	52.2
Cash Growth	1037.50%	3720.99%	-30.99%	64.17%	-45.37%	449.07%
Accounts Receivable	679.32	694.71	246.7	148.62	107.73	100.08
Other Receivables	12.78	11.8	2.36	1.49	1.29	0.24
Receivables	692.09	706.51	249.06	150.11	109.02	100.32
Inventory	801.12	711.56	50.87	76.64	27.91	19.87
Other Current Assets	124.44	112.96	5.58	7.81	2.38	3.12
Total Current Assets	2,309	2,766	337.83	281.39	167.82	175.51
Property, Plant & Equipment	1,059	1,071	172.85	182.67	193.17	204.61
Goodwill	607.46	607.46	69.62	69.62	-	-
Other Intangible Assets	589.92	607.66	43.91	48.27	18.59	19.3
Long-Term Deferred Tax Assets	59.57	56.77	3.43	9.72	14.05	9.56
Long-Term Deferred Charges	166.11	172.45	8.39	9.09	9.74	10.77
Other Long-Term Assets	23.14	31.35	-	-	-	9.49
Total Assets	4,814	5,312	636.02	600.75	403.38	429.25
Accounts Payable	696.44	627.76	64.15	46.18	27.32	24.71
Accrued Expenses	86.6	98.24	11.16	8.93	6.33	4.75
Short-Term Debt	11.01	26.1	23.52	56.7	10.02	15.03
Current Portion of Long-Term Debt	50.33	86.14	4.14	2	10.52	5.01
Current Income Taxes Payable	47.18	33.37	4.25	0.92	-	-
Current Unearned Revenue	38.29	38.18	5.92	5.4	0.01	0.43
Other Current Liabilities	120.57	121.7	49.24	23.43	11.85	16.69
Total Current Liabilities	1,050	1,031	162.39	143.57	66.05	66.62
Long-Term Debt	-	520.65	192.12	151.73	28.55	35.06
Long-Term Leases	63.6	64.85	-	-	-	-
Long-Term Unearned Revenue	-	0.67	4.07	6.04	8.01	9.98
Long-Term Deferred Tax Liabilities	137.06	144.87	4.23	8.36	-	-
Other Long-Term Liabilities	25.14	28.32	-	-	-	-
Total Liabilities	1,276	1,791	362.81	309.69	102.61	111.67
Common Stock	152.71	152.71	74.53	74.53	74.53	74.53
Additional Paid-In Capital	3,499	3,499	247.64	247.64	247.63	247.63
Retained Earnings	-93.53	-142.97	-96.37	-65.83	-21.4	-4.58
Comprehensive Income & Other	-42.73	-11.13	-	-	-	-
Total Common Equity	3,515	3,497	225.81	256.34	300.77	317.59
Minority Interest	22.43	23.92	47.4	34.72	-	-
Shareholders' Equity	3,538	3,521	273.21	291.06	300.77	317.59
Total Liabilities & Equity	4,814	5,312	636.02	600.75	403.38	429.25
Total Debt	124.94	697.73	219.79	210.43	49.09	55.09
Net Cash (Debt)	566.38	536.92	-187.47	-163.61	-20.57	-2.89
Net Cash Per Share	5.65	6.68	-2.52	-2.20	-0.28	-0.04
Filing Date Shares Outstanding	154.44	152.71	74.53	74.53	74.53	74.53
Total Common Shares Outstanding	154.44	152.71	74.53	74.53	74.53	74.53
Working Capital	1,259	1,734	175.44	137.82	101.77	108.89
Book Value Per Share	22.76	22.90	3.03	3.44	4.04	4.26
Tangible Book Value	2,318	2,282	112.28	138.46	282.17	298.28
Tangible Book Value Per Share	15.01	14.94	1.51	1.86	3.79	4.00
Buildings	-	-	179.25	179.25	179.25	179.25
Machinery	-	-	76.99	77.35	76.79	89.04

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