SHA:600054 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	1,675	1,738	1,812	1,967	1,578	1,834
Cash & Short-Term Investments	1,675	1,738	1,812	1,967	1,578	1,834
Cash Growth	0.35%	-4.10%	-7.86%	24.68%	-13.96%	-7.05%
Accounts Receivable	30.14	32.32	34.44	28.45	17.52	11.49
Other Receivables	47.94	46.26	30.95	20.94	15.23	17.8
Receivables	78.09	78.58	65.38	49.39	32.74	29.28
Inventory	49.39	54.73	47.97	453.45	381.97	35.1
Prepaid Expenses	-	11.42	10.26	1.54	0.11	6.33
Other Current Assets	141.4	113.28	68.85	41.9	42.02	46.01
Total Current Assets	1,943	1,996	2,005	2,513	2,034	1,950
Property, Plant & Equipment	2,494	2,844	2,505	1,983	2,085	2,128
Long-Term Investments	686.4	702.09	696.42	691.8	667.63	692.58
Goodwill	55.01	55.01	55.01	55.01	53.12	20.34
Other Intangible Assets	213.4	215.89	159.08	159.3	166.27	174.93
Long-Term Deferred Tax Assets	18.13	18.13	18.81	14.6	31.42	28.75
Long-Term Deferred Charges	264.23	217.41	227.45	223.55	154.89	146.47
Other Long-Term Assets	332.57	61.87	65.17	14.06	17.46	8.78
Total Assets	6,007	6,111	5,732	5,654	5,211	5,150
Accounts Payable	241.93	294.77	215.8	213.11	235.19	170.68
Accrued Expenses	91.03	130.39	108.82	103.04	71.94	56.29
Short-Term Debt	7.01	7.01	-	-	6	4.5
Current Portion of Long-Term Debt	77.59	1.92	-	142.16	0.2	-
Current Portion of Leases	-	73.49	33.21	25.75	26.24	19.59
Current Income Taxes Payable	44.55	48.65	43.83	41.63	9.91	13.32
Current Unearned Revenue	56.75	43.08	27.22	25.64	20.94	18.99
Other Current Liabilities	106.79	143.74	88.59	85.94	112.03	96.64
Total Current Liabilities	625.64	743.05	517.47	637.28	482.44	380.01
Long-Term Debt	16.43	55.3	40.8	40.8	182.78	2.62
Long-Term Leases	240.7	247.35	238.79	198.69	195.32	176.99
Long-Term Unearned Revenue	42.99	45.26	41.17	44.35	36.66	41.03
Long-Term Deferred Tax Liabilities	38.46	40.15	33.93	40.16	19.67	33.6
Other Long-Term Liabilities	39.3	0.43	1.07	1.29	1.72	2.14
Total Liabilities	1,004	1,132	873.24	962.57	918.59	636.4
Common Stock	729.38	729.38	729.38	729.38	729.38	729.38
Additional Paid-In Capital	343.82	343.82	343.82	343.82	367.33	367.33
Retained Earnings	3,700	3,665	3,549	3,404	2,981	3,185
Comprehensive Income & Other	31.29	39.93	34.87	9.68	7.73	13.4
Total Common Equity	4,804	4,778	4,657	4,486	4,085	4,295
Minority Interest	199.06	200.83	201.72	205.23	206.78	218.51
Shareholders' Equity	5,003	4,979	4,859	4,692	4,292	4,514
Total Liabilities & Equity	6,007	6,111	5,732	5,654	5,211	5,150
Total Debt	341.72	385.07	312.8	407.41	410.54	203.71
Net Cash (Debt)	1,333	1,353	1,500	1,560	1,167	1,630
Net Cash Growth	-0.71%	-9.77%	-3.85%	33.63%	-28.39%	-17.06%
Net Cash Per Share	1.82	1.85	2.05	2.14	1.61	2.25
Filing Date Shares Outstanding	728.98	729.38	729.38	729.38	729.38	729.38
Total Common Shares Outstanding	728.98	729.38	729.38	729.38	729.38	729.38
Working Capital	1,318	1,253	1,487	1,876	1,552	1,570
Book Value Per Share	6.59	6.55	6.39	6.15	5.60	5.89
Tangible Book Value	4,536	4,507	4,443	4,272	3,866	4,100
Tangible Book Value Per Share	6.22	6.18	6.09	5.86	5.30	5.62
Buildings	-	2,598	2,280	2,250	2,298	2,298
Machinery	-	987.86	957.38	931.99	920.23	883.83
Construction In Progress	-	878.42	800.26	272.97	222.77	206.13

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