SHA:605077 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	1,019	1,159	434.21	2,128	1,040	1,244
Short-Term Investments	-	554.39	583.66	461.79	387.5	-
Trading Asset Securities	105.03	200	0.03	0.18	0.22	70.05
Cash & Short-Term Investments	1,124	1,913	1,018	2,590	1,428	1,314
Cash Growth	38.80%	87.95%	-60.70%	81.38%	8.72%	427.99%
Accounts Receivable	776.7	694.07	769.01	500.31	392.94	242.55
Other Receivables	34.04	15.27	26.7	6.05	8.14	14.58
Receivables	810.74	709.34	795.71	506.37	401.08	257.13
Inventory	916.51	768.73	697.39	282.04	279.06	199.74
Other Current Assets	627.11	25.17	64.21	36.16	29.87	32.23
Total Current Assets	3,478	3,416	2,575	3,415	2,138	1,803
Property, Plant & Equipment	3,787	3,801	3,588	1,844	1,355	991.3
Long-Term Investments	77.19	73.7	93.49	94.42	122.53	58.56
Goodwill	346.16	346.16	346.16	346.16	26.11	26.11
Other Intangible Assets	295.75	297.78	305.87	282.65	242.46	90.06
Long-Term Deferred Tax Assets	38.34	35.78	23.53	8.13	3.95	7.37
Long-Term Deferred Charges	28.83	33.03	35.13	17.29	11.14	12.54
Other Long-Term Assets	30.7	36.33	24.89	169.79	5.62	15.4
Total Assets	8,082	8,040	6,992	6,178	3,905	3,004
Accounts Payable	1,106	645.28	443.34	208.42	169.9	228.07
Accrued Expenses	29.54	157.46	122.64	88.55	71.24	41.37
Short-Term Debt	600.33	704.11	150.3	247.12	260.24	119.82
Current Portion of Long-Term Debt	606.79	306.82	226.64	171.65	39.74	-
Current Portion of Leases	-	3.38	0.95	0.56	1.24	-
Current Income Taxes Payable	34.88	23.93	37.1	32.34	-	-
Current Unearned Revenue	28.55	28.82	15.01	19.95	12.05	8.58
Other Current Liabilities	103.25	564.07	677.18	253.16	215.12	57.88
Total Current Liabilities	2,509	2,434	1,673	1,022	769.53	455.72
Long-Term Debt	2,052	2,110	1,859	1,868	345.46	20.02
Long-Term Leases	7.52	7.06	3.2	0.02	0.51	1.46
Long-Term Unearned Revenue	157.53	160.08	118.28	94.21	51.37	38.4
Long-Term Deferred Tax Liabilities	71.8	74.14	82.62	92.19	74.37	53.95
Other Long-Term Liabilities	-	-	-	-	8	-
Total Liabilities	4,798	4,785	3,737	3,077	1,249	569.56
Common Stock	303.05	303.05	305.88	234.61	228.46	163.18
Additional Paid-In Capital	1,429	1,427	1,441	1,479	1,405	1,470
Retained Earnings	1,373	1,351	1,363	1,257	1,023	801.28
Treasury Stock	-36.1	-36.1	-61.99	-77.37	-	-
Comprehensive Income & Other	196.1	196.07	196.13	196.23	-0.01	-0.02
Total Common Equity	3,264	3,240	3,243	3,089	2,656	2,434
Minority Interest	19.26	14.3	11.89	11.59	-	-
Shareholders' Equity	3,284	3,255	3,255	3,101	2,656	2,434
Total Liabilities & Equity	8,082	8,040	6,992	6,178	3,905	3,004
Total Debt	3,267	3,131	2,241	2,288	647.18	141.3
Net Cash (Debt)	-2,143	-1,218	-1,223	302.51	780.96	1,172
Net Cash Growth	-	-	-	-61.26%	-33.38%	1135.67%
Net Cash Per Share	-6.97	-4.01	-3.23	1.02	2.63	4.08
Filing Date Shares Outstanding	316.73	299.43	299.43	296.99	296.99	296.99
Total Common Shares Outstanding	316.73	299.43	299.43	296.99	296.99	296.99
Working Capital	968.84	982.54	902.05	2,393	1,369	1,347
Book Value Per Share	10.31	10.17	10.18	9.74	8.94	8.20
Tangible Book Value	2,623	2,597	2,591	2,461	2,387	2,318
Tangible Book Value Per Share	8.28	8.02	8.00	7.62	8.04	7.81
Buildings	-	1,379	1,014	576.89	429.74	336.07
Machinery	-	3,418	2,262	1,803	1,429	960.55
Construction In Progress	-	284.29	1,330	290.58	110.27	230.98

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