SHA:605123 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	2,037	2,082	1,291	1,578	1,115	515.88
Short-Term Investments	-	-	-	404.18	300.85	9.94
Trading Asset Securities	-	130.1	686.56	-	722.55	30.69
Cash & Short-Term Investments	2,037	2,213	1,978	1,982	2,139	556.51
Cash Growth	8.90%	11.87%	-0.22%	-7.32%	284.32%	-26.80%
Accounts Receivable	2,372	2,043	2,087	2,104	1,353	1,093
Other Receivables	7.77	9.28	11.02	5.52	51.24	18.15
Receivables	2,380	2,053	2,098	2,109	1,404	1,111
Inventory	1,381	1,302	1,078	913.38	897.83	499.1
Other Current Assets	171.75	161.56	107.29	110.83	261.15	136.33
Total Current Assets	5,970	5,728	5,260	5,116	4,702	2,303
Property, Plant & Equipment	2,290	2,151	1,548	1,143	972.71	744.69
Other Intangible Assets	238.29	208.68	170.41	154.29	126.81	37.31
Long-Term Deferred Tax Assets	67.89	66.08	55.13	49.52	56.86	31.03
Long-Term Deferred Charges	0.8	1.02	1.89	-	-	-
Other Long-Term Assets	141.64	63.76	197.73	153.04	133.24	23.22
Total Assets	8,709	8,219	7,234	6,615	5,992	3,139
Accounts Payable	2,319	2,193	1,696	1,530	1,291	900.48
Accrued Expenses	43.81	50.26	40.7	40.32	34.31	21.76
Short-Term Debt	735.48	510.34	410.24	220.19	310.2	30.04
Current Portion of Long-Term Debt	9.62	19.62	80.06	100.08	-	-
Current Portion of Leases	-	9.49	8.99	7.3	3.97	3.39
Current Income Taxes Payable	35.45	17.04	27.19	23.4	-	4.23
Current Unearned Revenue	77.41	79.01	63.56	52.25	23.83	21.35
Other Current Liabilities	48.66	57.74	150.04	55.02	130.52	106.07
Total Current Liabilities	3,269	2,937	2,477	2,029	1,794	1,087
Long-Term Debt	217.67	140	-	-	50	-
Long-Term Leases	49.99	50.87	56.27	65.34	34.65	38.68
Long-Term Unearned Revenue	441.24	444.75	209.38	59.55	82.6	69.76
Long-Term Deferred Tax Liabilities	70.71	72.34	78	82.57	81.2	30.62
Other Long-Term Liabilities	-	-	-	87.35	87.35	88.35
Total Liabilities	4,049	3,645	2,821	2,323	2,130	1,315
Common Stock	121.17	121.17	121.17	121.17	121.17	108
Additional Paid-In Capital	2,587	2,587	2,587	2,510	2,510	940.56
Retained Earnings	1,952	1,866	1,706	1,660	1,231	776.05
Comprehensive Income & Other	0.06	0.1	0.03	0.07	-0.04	-0.05
Shareholders' Equity	4,660	4,574	4,413	4,291	3,862	1,825
Total Liabilities & Equity	8,709	8,219	7,234	6,615	5,992	3,139
Total Debt	1,013	730.32	555.56	392.91	398.82	72.11
Net Cash (Debt)	1,024	1,482	1,422	1,589	1,740	484.4
Net Cash Growth	-12.48%	4.21%	-10.50%	-8.66%	259.20%	-30.82%
Net Cash Per Share	8.45	12.23	11.74	13.12	15.63	4.49
Filing Date Shares Outstanding	121.16	121.17	121.17	121.17	121.17	108
Total Common Shares Outstanding	121.16	121.17	121.17	121.17	121.17	108
Working Capital	2,700	2,792	2,784	3,087	2,908	1,216
Book Value Per Share	38.46	37.75	36.42	35.42	31.87	16.89
Tangible Book Value	4,421	4,365	4,243	4,137	3,735	1,787
Tangible Book Value Per Share	36.49	36.03	35.02	34.14	30.83	16.55
Buildings	-	520.72	369.52	221.52	124.46	117.47
Machinery	-	1,497	1,167	1,016	912.18	543.73
Construction In Progress	-	630.51	362.89	126.17	100.35	205.3

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