SHA:603998 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	219.24	276.25	308.46	208.98	399.72	258.88
Trading Asset Securities	35	-	-	20.33	40.31	15.42
Cash & Short-Term Investments	254.24	276.25	308.46	229.3	440.03	274.3
Cash Growth	35.79%	-10.44%	34.52%	-47.89%	60.42%	-14.05%
Accounts Receivable	269.09	267.15	285.32	231.09	191.95	254.67
Other Receivables	34.73	32.53	37.87	13.5	164.9	30.2
Receivables	303.82	299.69	376.59	244.59	356.85	284.87
Inventory	350.59	338.71	376.15	328.28	303.4	256.73
Other Current Assets	104.61	99.19	76.34	118.49	90.81	50.74
Total Current Assets	1,013	1,014	1,138	920.67	1,191	866.63
Property, Plant & Equipment	1,140	1,143	1,110	1,051	841.25	823.03
Long-Term Investments	158.29	158.01	239.1	257.52	252.97	193.91
Goodwill	265.21	265.21	269.03	274.41	246.44	378.73
Other Intangible Assets	254.51	251.13	281.59	267.68	273.71	249.95
Long-Term Accounts Receivable	-	-	-	-	26.38	42.39
Long-Term Deferred Tax Assets	10.92	11.27	10.15	15.6	4.24	1.53
Long-Term Deferred Charges	18.45	16.31	13.77	18.13	8.06	41.09
Other Long-Term Assets	194.48	197.38	158.31	126.44	78.27	107.21
Total Assets	3,056	3,056	3,267	3,081	2,922	2,704
Accounts Payable	163.87	170.62	244.26	245.82	165.61	117.18
Accrued Expenses	27.6	54.09	319.76	294.96	311.88	272.16
Short-Term Debt	358.45	343.63	532.49	309.27	229.96	462.95
Current Portion of Long-Term Debt	25.65	65.69	1.1	193.88	20.11	13.85
Current Portion of Leases	-	-	2.02	2.35	0.49	10.46
Current Income Taxes Payable	38.84	50.02	3.89	10.05	25.06	9.89
Current Unearned Revenue	31.94	29.13	36.22	38.98	87.47	35.1
Other Current Liabilities	473.89	437.27	158.79	152.77	159.02	333.87
Total Current Liabilities	1,120	1,150	1,299	1,248	999.59	1,255
Long-Term Debt	-	-	146.5	155.11	342.89	27.75
Long-Term Leases	21.14	22.72	19.04	21.31	0.84	37.04
Long-Term Unearned Revenue	43.95	44.06	34.06	32.86	37.22	53.41
Long-Term Deferred Tax Liabilities	31.43	32.1	33.57	34.51	33.92	27.17
Other Long-Term Liabilities	3.35	3.62	-	0.38	-	-
Total Liabilities	1,220	1,253	1,532	1,492	1,414	1,401
Common Stock	439.08	439.08	439.09	439.73	439.31	429.43
Additional Paid-In Capital	151.1	151.1	189.63	185.82	163.87	131.93
Retained Earnings	1,144	1,122	995.33	849.61	816.65	634.76
Treasury Stock	-	-	-1	-17	-29.63	-
Comprehensive Income & Other	-0.39	-0.2	-0.07	-0.07	-0.07	-0.07
Total Common Equity	1,734	1,712	1,623	1,458	1,390	1,196
Minority Interest	101.39	91.15	111.9	130.63	117.81	107.6
Shareholders' Equity	1,835	1,803	1,735	1,589	1,508	1,304
Total Liabilities & Equity	3,056	3,056	3,267	3,081	2,922	2,704
Total Debt	405.24	432.03	701.15	681.93	594.3	552.05
Net Cash (Debt)	-151	-155.78	-392.69	-452.62	-154.26	-277.75
Net Cash Per Share	-0.34	-0.36	-0.89	-1.02	-0.36	-0.63
Filing Date Shares Outstanding	441.96	431.36	439.09	439.73	439.31	429.43
Total Common Shares Outstanding	441.96	431.36	439.09	439.73	439.31	429.43
Working Capital	-106.97	-136.61	-160.99	-327.42	191.5	-388.83
Book Value Per Share	3.92	3.97	3.70	3.32	3.16	2.79
Tangible Book Value	1,214	1,195	1,072	916.01	869.98	567.36
Tangible Book Value Per Share	2.75	2.77	2.44	2.08	1.98	1.32
Buildings	-	-	801.14	774.18	635.14	529.35
Machinery	-	-	421.59	384.19	309.4	362.11
Construction In Progress	-	-	262.36	217.53	189.65	201.99

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