SHA:605399 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	305.11	419.23	466.85	1,238	1,253	944.55
Short-Term Investments	-	-	190	20	50.56	39.49
Trading Asset Securities	40.09	50.14	241.72	-	-	-
Cash & Short-Term Investments	345.2	469.38	898.56	1,258	1,304	984.04
Cash Growth	-38.40%	-47.76%	-28.59%	-3.50%	32.51%	39.00%
Accounts Receivable	492.63	416.09	400.15	362.92	337.13	371.53
Other Receivables	1.36	1.64	2.88	0.82	0.63	0.59
Receivables	493.99	417.73	403.03	363.74	337.76	372.12
Inventory	264.27	275.17	210.09	159.62	142.57	142.21
Prepaid Expenses	-	-	60.73	50	3.11	3.25
Other Current Assets	68.29	75.1	9.62	6.63	5.65	4.71
Total Current Assets	1,172	1,237	1,582	1,838	1,793	1,506
Property, Plant & Equipment	1,814	1,808	1,603	1,076	456.74	328.68
Other Intangible Assets	167.36	168.37	171.63	174.78	169.06	13.58
Long-Term Deferred Tax Assets	8.34	9.4	21.79	20.89	15.63	3.89
Long-Term Deferred Charges	4.03	4.31	5.45	6.59	5.17	3.17
Other Long-Term Assets	13.79	5.87	20.84	36.99	10.25	6.71
Total Assets	3,179	3,233	3,404	3,153	2,450	1,862
Accounts Payable	273.24	329.73	510.94	518.02	125.17	106.95
Accrued Expenses	16.66	34.39	36.52	33.96	30.37	30.82
Short-Term Debt	37.42	18.36	-	-	-	-
Current Portion of Long-Term Debt	47.84	48.61	11.06	2	-	-
Current Portion of Leases	-	-	2.02	2.04	1.11	2.53
Current Income Taxes Payable	6.68	6.9	6.79	6.22	11.99	47.45
Current Unearned Revenue	11.46	6.76	6.77	7.35	13.33	23.5
Other Current Liabilities	153.53	165.1	168.77	171.05	10	17.93
Total Current Liabilities	546.82	609.84	742.86	740.63	191.98	229.16
Long-Term Debt	445.79	416.34	351.55	144.28	-	-
Long-Term Leases	-	0.45	1.32	3.43	2.97	-
Long-Term Unearned Revenue	120.02	120.4	95.16	68.72	47.77	-
Long-Term Deferred Tax Liabilities	7.84	8.2	9.77	10.99	11.86	-
Total Liabilities	1,120	1,155	1,201	968.05	254.57	229.16
Common Stock	312.21	312.24	313.36	312.33	240.25	184.81
Additional Paid-In Capital	476.3	475.97	482.2	483.17	552.5	597.73
Retained Earnings	1,280	1,300	1,425	1,415	1,410	864.03
Treasury Stock	-9.88	-10.06	-17.1	-25.52	-7.79	-13.38
Comprehensive Income & Other	0.3	0.63	0.36	-	-	-
Total Common Equity	2,059	2,078	2,204	2,185	2,195	1,633
Minority Interest	-0.72	-0.7	-0.43	-0.05	0.16	-
Shareholders' Equity	2,058	2,078	2,204	2,185	2,195	1,633
Total Liabilities & Equity	3,179	3,233	3,404	3,153	2,450	1,862
Total Debt	531.05	483.75	365.95	151.75	4.07	2.53
Net Cash (Debt)	-185.86	-14.37	532.61	1,107	1,300	981.52
Net Cash Growth	-	-	-51.87%	-14.87%	32.43%	38.64%
Net Cash Per Share	-0.55	-0.05	1.67	3.50	4.17	3.15
Filing Date Shares Outstanding	322.54	338.87	311.71	312.33	312.33	312.33
Total Common Shares Outstanding	322.54	338.87	311.71	312.33	312.33	312.33
Working Capital	624.93	627.53	839.17	1,098	1,601	1,277
Book Value Per Share	6.38	6.13	7.07	7.00	7.03	5.23
Tangible Book Value	1,892	1,910	2,032	2,010	2,026	1,620
Tangible Book Value Per Share	5.87	5.64	6.52	6.44	6.49	5.19
Buildings	-	-	379.75	170.21	145.87	127.84
Machinery	-	-	685.86	400.98	357.76	243.97
Construction In Progress	-	-	757.11	674.44	88.02	67.5

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