SHA:605177 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	305.54	243.97	513.18	711.12	501.58	556.1
Short-Term Investments	-	-	-	177.9	-	-
Trading Asset Securities	63	120	50	-	30	50
Cash & Short-Term Investments	368.54	363.97	563.18	889.03	531.58	606.1
Cash Growth	4.23%	-35.37%	-36.65%	67.24%	-12.29%	-38.74%
Accounts Receivable	187.56	184.79	178.1	209.59	159.39	128.89
Other Receivables	6.7	6.53	4.76	1.45	1.42	1.65
Receivables	194.26	191.33	182.85	211.03	160.81	130.54
Inventory	449.6	537.18	720.57	621.06	482.84	419.33
Prepaid Expenses	-	-	-	-	1.08	-
Other Current Assets	101.2	100.98	62.35	25.94	12.42	16.45
Total Current Assets	1,114	1,193	1,529	1,747	1,189	1,172
Property, Plant & Equipment	1,869	1,900	1,744	1,352	1,011	834.88
Long-Term Investments	49.92	49.92	119.28	150.64	181.46	10
Other Intangible Assets	67.3	59.87	60.06	61.85	62.97	45.15
Long-Term Deferred Tax Assets	54.67	50.8	32.89	12.53	12.9	10.52
Long-Term Deferred Charges	51.04	51.73	33.94	10.82	4.31	3.89
Other Long-Term Assets	32.43	32.51	37.09	8.59	10.5	174.21
Total Assets	3,238	3,338	3,557	3,343	2,472	2,251
Accounts Payable	329.11	369.77	731.77	520.12	411.09	406.25
Accrued Expenses	17.71	27.34	37.27	40.83	37.02	24.65
Short-Term Debt	190.33	228.62	98.94	120.07	95.01	-
Current Portion of Long-Term Debt	6.7	6.68	9.1	-	0.02	-
Current Portion of Leases	-	-	2.98	3.82	3.63	-
Current Income Taxes Payable	17.29	24.73	0	6.79	9.49	3.64
Current Unearned Revenue	13.45	11.94	10.36	3.23	8.41	9.41
Other Current Liabilities	22.05	21.82	23.13	3.19	5.02	5.34
Total Current Liabilities	596.66	690.89	913.55	698.05	569.69	449.29
Long-Term Debt	777.84	752.33	677.24	576.43	15	-
Long-Term Leases	6.61	6.57	4.8	6.62	9.1	2.38
Long-Term Unearned Revenue	82.22	81.87	85.84	46.2	36.71	40.47
Long-Term Deferred Tax Liabilities	-	-	0.16	0.46	0.67	-
Other Long-Term Liabilities	0.27	0.33	0.27	0.32	0.79	0.85
Total Liabilities	1,464	1,532	1,682	1,328	631.95	492.99
Common Stock	114.72	114.73	114.75	113.6	113.6	113.6
Additional Paid-In Capital	1,133	1,130	1,118	1,129	1,129	1,129
Retained Earnings	431.47	466.67	549.06	686.3	597.99	516.31
Treasury Stock	-20.23	-20.29	-20.55	-30	-	-
Comprehensive Income & Other	115.16	114.73	113.18	116.72	-0.48	-0.48
Total Common Equity	1,774	1,806	1,875	2,015	1,840	1,758
Minority Interest	-	-	0.12	-	-	-
Shareholders' Equity	1,774	1,806	1,875	2,015	1,840	1,758
Total Liabilities & Equity	3,238	3,338	3,557	3,343	2,472	2,251
Total Debt	981.49	994.2	793.06	706.93	122.76	2.38
Net Cash (Debt)	-612.95	-630.24	-229.88	182.1	408.82	603.72
Net Cash Growth	-	-	-	-55.46%	-32.28%	-38.36%
Net Cash Per Share	-5.38	-3.67	-2.06	1.46	3.60	5.29
Filing Date Shares Outstanding	113.55	112.93	108.61	111.43	113.6	113.6
Total Common Shares Outstanding	113.55	112.93	108.61	112.58	113.6	113.6
Working Capital	516.94	502.56	615.4	1,049	619.04	723.13
Book Value Per Share	15.62	15.99	17.26	17.90	16.20	15.48
Tangible Book Value	1,707	1,746	1,815	1,953	1,777	1,713
Tangible Book Value Per Share	15.03	15.46	16.71	17.35	15.64	15.08
Buildings	-	-	632.03	545.94	454.64	410.59
Machinery	-	-	1,189	1,084	878.92	723.64
Construction In Progress	-	-	599.8	296.55	157.09	114.87

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