SHA:600029 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	17,249	16,973	15,994	9,924	20,240	21,841
Trading Asset Securities	-	2,853	2,695	3,161	2	-
Cash & Short-Term Investments	17,249	19,826	18,689	13,085	20,242	21,841
Cash Growth	-11.63%	6.08%	42.83%	-35.36%	-7.32%	-15.42%
Accounts Receivable	6,154	4,099	3,641	3,504	2,808	3,036
Other Receivables	4,889	3,817	3,095	1,640	1,943	1,275
Receivables	11,043	7,916	6,736	5,144	4,751	4,311
Inventory	4,681	3,298	2,002	1,669	1,403	1,690
Prepaid Expenses	-	450	528	250	348	442
Other Current Assets	12,843	11,108	9,688	7,593	6,027	9,582
Total Current Assets	45,816	42,598	37,643	27,741	32,771	37,866
Property, Plant & Equipment	292,276	273,931	258,298	249,406	250,623	255,411
Long-Term Investments	8,038	8,049	10,406	10,387	6,940	6,635
Other Intangible Assets	7,573	7,547	7,341	6,629	6,547	6,564
Long-Term Accounts Receivable	-	182	381	559	744	645
Long-Term Deferred Tax Assets	12,192	12,377	12,873	12,280	12,473	12,831
Long-Term Deferred Charges	489	427	462	517	624	768
Other Long-Term Assets	4,165	4,703	2,334	1,707	1,279	2,228
Total Assets	370,549	349,814	329,738	309,226	312,001	322,948

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	30,861	5,389	3,085	2,490	1,975	1,365
Accrued Expenses	4,697	22,922	21,786	23,206	16,744	15,354
Short-Term Debt	23,037	45,419	51,184	51,362	66,210	49,826
Current Portion of Long-Term Debt	78,546	40,644	22,770	19,830	19,126	8,087
Current Portion of Leases	-	19,379	18,462	19,450	22,041	20,903
Current Income Taxes Payable	622	410	584	346	312	844
Current Unearned Revenue	12,416	10,734	11,044	8,688	4,879	5,258
Other Current Liabilities	6,599	9,226	9,487	9,562	10,171	9,353
Total Current Liabilities	156,778	154,123	138,402	134,934	141,458	110,990
Long-Term Debt	67,773	48,216	56,870	45,024	34,444	38,374
Long-Term Leases	86,762	84,765	74,161	69,332	73,252	82,137
Long-Term Unearned Revenue	966	814	720	752	760	725
Long-Term Deferred Tax Liabilities	20	21	7	23	24	26
Other Long-Term Liabilities	7,325	6,864	6,983	7,164	6,949	6,451
Total Liabilities	319,624	294,803	277,143	257,229	256,887	238,703

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	18,121	18,121	18,121	18,121	18,121	16,948
Additional Paid-In Capital	50,720	52,444	52,444	52,756	52,775	47,887
Retained Earnings	-39,453	-35,148	-36,005	-34,309	-30,100	2,622
Comprehensive Income & Other	120	163	169	216	261	159
Total Common Equity	29,508	35,580	34,729	36,784	41,057	67,616
Minority Interest	21,417	19,431	17,866	15,213	14,057	16,629
Shareholders' Equity	50,925	55,011	52,595	51,997	55,114	84,245
Total Liabilities & Equity	370,549	349,814	329,738	309,226	312,001	322,948

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	256,118	238,423	223,447	204,998	215,073	199,327
Net Cash (Debt)	-238,869	-218,597	-204,758	-191,913	-194,831	-177,486
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-13.08	-12.06	-11.30	-10.59	-11.32	-10.96
Filing Date Shares Outstanding	18,121	18,121	18,121	18,121	18,121	16,948
Total Common Shares Outstanding	18,121	18,121	18,121	18,121	18,121	16,948
Working Capital	-110,962	-111,525	-100,759	-107,193	-108,687	-73,124
Book Value Per Share	1.63	1.96	1.92	2.03	2.27	3.99
Tangible Book Value	21,935	28,033	27,388	30,155	34,510	61,052
Tangible Book Value Per Share	1.21	1.55	1.51	1.66	1.90	3.60
Buildings	-	27,114	25,063	25,087	25,206	23,527
Machinery	-	207,261	184,221	163,534	151,826	150,073
Construction In Progress	-	23,955	34,584	34,199	33,322	31,869