SHA:605169 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	263.48	435.34	829.41	810.18	776.93	931.59
Short-Term Investments	-	-	-	-	2.03	0.59
Trading Asset Securities	402.8	228.09	-	-	-	-
Accounts Receivable	101.14	49.3	77.1	14.46	14.81	25.86
Other Receivables	13.44	3.76	8.17	6.69	3.54	0.4
Inventory	52.3	78.16	46.76	49.64	24.64	19.56
Other Current Assets	170.99	151.69	65.07	90.26	81.85	62.03
Total Current Assets	1,004	946.35	1,027	971.22	903.81	1,040
Property, Plant & Equipment	1,235	1,248	1,285	1,328	1,243	981.51
Other Intangible Assets	176.57	177.49	181.25	161.15	149.76	127.71
Long-Term Investments	89.52	131.57	68.71	53.61	89.17	93.41
Long-Term Deferred Tax Assets	5.85	5.45	6.31	9.77	4.34	3.52
Long-Term Deferred Charges	7.71	8.49	11.58	5.85	2.85	3.3
Other Long-Term Assets	8.01	7.96	12.37	25.49	16.5	29.24
Total Assets	2,527	2,526	2,592	2,555	2,410	2,279
Accounts Payable	126.89	131.63	149.3	216.82	224.21	199.46
Accrued Expenses	8.2	14.07	25.96	28.24	25.84	24.04
Short-Term Debt	20	20.01	166.52	124.7	60.11	70.15
Current Portion of Long-Term Debt	2.87	42.78	20.57	31.11	9	-
Current Unearned Revenue	67.8	71.55	74.29	91.71	58.88	56.61
Current Portion of Leases	-	-	2.21	1.78	1.52	1.57
Current Income Taxes Payable	9.53	14.59	8.56	9.61	8.37	13.57
Other Current Liabilities	123.34	78.74	24.83	21.49	23.72	26.25
Total Current Liabilities	358.64	373.38	472.24	525.46	411.65	391.64
Long-Term Debt	23.87	23.87	52.03	96.56	154.6	102.84
Long-Term Leases	11.75	7.6	12.14	13.82	3.07	4.16
Long-Term Unearned Revenue	28.75	30	35	40	47.03	53.16
Long-Term Deferred Tax Liabilities	10.82	10.81	8.29	3.56	2.96	3.52
Other Long-Term Liabilities	3.06	1.34	3.5	-	-	-
Total Liabilities	436.89	446.99	583.19	679.4	619.31	555.32
Common Stock	282.88	282.88	282.88	282.88	282.88	208
Additional Paid-In Capital	814.33	814.33	813.75	813.11	813.04	887.92
Retained Earnings	836.21	831.82	779.5	694.62	598.07	541.36
Treasury Stock	-50	-50	-23.03	-	-	-
Comprehensive Income & Other	133.1	127.52	86.8	21.89	38.11	32.41
Total Common Equity	2,017	2,007	1,940	1,813	1,732	1,670
Minority Interest	73.87	72.14	69	63.37	58.2	53.69
Shareholders' Equity	2,090	2,079	2,009	1,876	1,790	1,723
Total Liabilities & Equity	2,527	2,526	2,592	2,555	2,410	2,279
Total Debt	58.49	94.25	253.46	267.97	228.3	178.72
Net Cash (Debt)	607.79	569.18	575.95	542.21	550.66	753.46
Net Cash Growth	16.79%	-1.18%	6.22%	-1.54%	-26.91%	-21.07%
Net Cash Per Share	2.20	2.06	2.05	1.92	1.95	2.66
Filing Date Shares Outstanding	283.09	263.51	279.84	282.97	282.88	282.88
Total Common Shares Outstanding	283.09	263.51	279.84	282.97	282.88	282.88
Working Capital	645.52	572.97	554.27	445.76	492.15	648.37
Book Value Per Share	7.12	7.61	6.93	6.41	6.12	5.90
Tangible Book Value	1,840	1,829	1,759	1,651	1,582	1,542
Tangible Book Value Per Share	6.50	6.94	6.28	5.84	5.59	5.45
Buildings	-	-	712.89	589.79	411.75	368.76
Machinery	-	-	892.31	845.71	498.15	461.87
Construction In Progress	-	-	33.9	138.67	545.1	304.59

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