SHA:900929 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	115.94	154.92	90.83	131.69	134.79	193.15
Short-Term Investments	-	3.32	3.88	3.41	-	-
Cash & Short-Term Investments	115.94	158.25	94.71	135.1	134.79	193.15
Cash Growth	-0.35%	67.09%	-29.90%	0.23%	-30.21%	-2.39%
Accounts Receivable	140.52	153.84	150.61	128.76	64.71	52.39
Other Receivables	6.14	1.02	1.31	2.94	0.82	0.85
Receivables	146.66	154.87	151.92	131.69	65.53	53.24
Inventory	-	-	0.14	0.17	0.25	0.34
Prepaid Expenses	-	-	-	-	-	0.67
Other Current Assets	119.44	82.67	87.33	71.61	17.32	27.22
Total Current Assets	382.04	395.78	334.1	338.58	217.89	274.62
Property, Plant & Equipment	17.4	18.76	11.85	13.06	10.18	8.5
Long-Term Investments	892.1	906.9	940.46	709.38	592.57	581.63
Goodwill	0.63	0.63	0.63	0.63	0.63	0.63
Other Intangible Assets	8.2	8.43	8.38	8.27	3.65	5.31
Long-Term Deferred Tax Assets	8.03	8.03	10.15	8.01	6.28	6.87
Long-Term Deferred Charges	2.04	2.21	0.31	0.77	1.41	1.77
Other Long-Term Assets	130.56	131.88	150.98	143.85	149.12	152.58
Total Assets	1,441	1,473	1,457	1,223	981.73	1,032
Accounts Payable	107.47	107.75	103.61	81.06	49.72	45.29
Accrued Expenses	9.23	34.71	35.27	34.74	51.44	36.86
Short-Term Debt	10	10	-	-	-	-
Current Portion of Leases	3.49	3.93	5.57	5.21	0.09	0.17
Current Income Taxes Payable	8.41	0.02	-	0.03	0.03	0
Current Unearned Revenue	124.04	111.79	122.09	143.81	83.1	80.85
Other Current Liabilities	30.44	31.92	31.55	36.32	32.68	38.88
Total Current Liabilities	293.09	300.12	298.09	301.17	217.06	202.05
Long-Term Debt	29.7	29.7	-	-	-	-
Long-Term Leases	0.17	0.17	0.27	-	-	0.09
Pension & Post-Retirement Benefits	22.67	24.25	32.4	90.14	72.71	77.18
Long-Term Deferred Tax Liabilities	75.66	78.97	86.68	29.51	-	-
Total Liabilities	421.28	433.22	417.44	420.82	289.77	279.31
Common Stock	132.56	132.56	132.56	132.56	132.56	132.56
Additional Paid-In Capital	194.49	194.49	194.49	194.49	199.95	199.95
Retained Earnings	468.61	475.46	451.5	391.89	369.54	446.86
Comprehensive Income & Other	230.37	240.32	263.66	86.25	-5.79	-23.44
Total Common Equity	1,026	1,043	1,042	805.18	696.26	755.92
Minority Interest	-6.31	-3.42	-2.79	-3.45	-4.3	-3.32
Shareholders' Equity	1,020	1,039	1,039	801.73	691.96	752.6
Total Liabilities & Equity	1,441	1,473	1,457	1,223	981.73	1,032
Total Debt	43.36	43.8	5.84	5.21	0.09	0.26
Net Cash (Debt)	72.58	114.44	88.87	129.89	134.7	192.89
Net Cash Growth	-27.97%	28.78%	-31.58%	-3.57%	-30.17%	-2.52%
Net Cash Per Share	0.55	0.86	0.67	0.98	1.02	1.45
Filing Date Shares Outstanding	132.56	132.56	132.56	132.56	132.56	132.56
Total Common Shares Outstanding	132.56	132.56	132.56	132.56	132.56	132.56
Working Capital	88.96	95.66	36.01	37.41	0.83	72.57
Book Value Per Share	7.74	7.87	7.86	6.07	5.25	5.70
Tangible Book Value	1,017	1,034	1,033	796.28	691.98	749.98
Tangible Book Value Per Share	7.67	7.80	7.79	6.01	5.22	5.66
Buildings	-	30	11.57	11.57	11.57	11.57
Machinery	-	6.77	7.27	6.63	17.14	17.03
Construction In Progress	-	-	-	0.64	3.05	0.6

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