SHA:600078 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	735.44	661.19	587.79	665.5	543.17	376.73
Cash & Short-Term Investments	735.44	661.19	587.79	665.5	543.17	376.73
Cash Growth	26.12%	12.49%	-11.68%	22.52%	44.18%	-4.96%
Accounts Receivable	1,092	1,129	848.34	692.96	655.54	392.05
Other Receivables	126.9	154.05	89.65	123.88	47.6	2,248
Receivables	1,218	1,283	937.99	816.85	703.14	2,640
Inventory	610.82	595.98	587.23	629.93	868.67	631.54
Other Current Assets	32.9	22.45	9.25	26.29	23.81	161.29
Total Current Assets	2,598	2,563	2,122	2,139	2,139	3,810
Property, Plant & Equipment	1,735	1,709	2,017	2,310	2,447	2,613
Long-Term Investments	8.55	5.05	4	4	-	-
Goodwill	0.74	0.74	0.95	0.95	0.74	0.74
Other Intangible Assets	273.54	278.48	312.46	328.88	343.25	276.86
Long-Term Deferred Tax Assets	278.41	284.02	283.76	232.45	181.71	151.16
Long-Term Deferred Charges	87.71	88.2	74.29	62.74	51.86	41.7
Other Long-Term Assets	783.23	765.56	621.07	452.95	479.59	516.83
Total Assets	5,765	5,694	5,436	5,531	5,642	7,411
Accounts Payable	813.88	793	716.75	465.33	410.2	590.92
Accrued Expenses	28.49	122.45	137.13	151.88	220.93	287.49
Short-Term Debt	802.52	879.65	183.55	395.87	528.92	3,487
Current Portion of Long-Term Debt	413.27	192.14	70.76	6.44	-	386.54
Current Portion of Leases	-	183.74	15.88	0.02	41.53	47.36
Current Income Taxes Payable	90.04	14.23	13.98	4.66	19.96	29.37
Current Unearned Revenue	99.95	41.68	61.98	67.96	56.77	121.2
Other Current Liabilities	977.4	941.82	576.39	630.32	411.77	341.51
Total Current Liabilities	3,226	3,169	1,776	1,722	1,690	5,292
Long-Term Debt	-	-	1,434	1,392	1,275	77
Long-Term Leases	405.31	430.42	14.2	-	0.02	0.14
Long-Term Unearned Revenue	13.13	13.36	12.71	16.27	20.94	23.71
Long-Term Deferred Tax Liabilities	4.45	4.53	5.74	4.57	4.81	-
Other Long-Term Liabilities	40.79	52.86	100.48	105.69	122.14	166.65
Total Liabilities	3,689	3,670	3,344	3,241	3,113	5,559
Common Stock	676.81	676.81	662.57	662.57	662.57	662.57
Additional Paid-In Capital	200.02	197.45	161.11	145.28	145.15	145.15
Retained Earnings	852.73	825.15	816.68	1,036	1,150	628.18
Treasury Stock	-45.71	-45.71	-	-	-	-
Comprehensive Income & Other	20.29	16.91	15.04	12.79	18.33	21.34
Total Common Equity	1,704	1,671	1,655	1,857	1,976	1,457
Minority Interest	371.44	353.22	436.78	433.68	553.4	394.23
Shareholders' Equity	2,076	2,024	2,092	2,290	2,529	1,851
Total Liabilities & Equity	5,765	5,694	5,436	5,531	5,642	7,411
Total Debt	1,621	1,686	1,719	1,794	1,846	3,998
Net Cash (Debt)	-885.66	-1,025	-1,131	-1,128	-1,302	-3,621
Net Cash Per Share	-1.32	-1.54	-1.71	-1.70	-1.97	-5.46
Filing Date Shares Outstanding	676.81	676.81	662.57	662.57	662.57	662.57
Total Common Shares Outstanding	676.81	676.81	662.57	662.57	662.57	662.57
Working Capital	-627.95	-605.63	345.84	416.1	448.71	-1,482
Book Value Per Share	2.52	2.47	2.50	2.80	2.98	2.20
Tangible Book Value	1,430	1,391	1,342	1,527	1,632	1,180
Tangible Book Value Per Share	2.11	2.06	2.03	2.30	2.46	1.78
Buildings	-	1,542	1,728	1,773	1,768	1,761
Machinery	-	2,469	2,738	3,186	3,171	3,159
Construction In Progress	-	405.5	410.15	491.34	458.37	427.59

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