SHA:600117 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	127.02	141.53	104.33	710.31	1,230	1,113
Trading Asset Securities	-	-	-	-	0.11	0.16
Cash & Short-Term Investments	127.02	141.53	104.33	710.31	1,230	1,114
Cash Growth	76.05%	35.66%	-85.31%	-42.27%	10.48%	-33.94%
Accounts Receivable	911.06	744.59	687.04	743.58	1,205	2,591
Other Receivables	175.74	174.87	182.31	221.8	18.47	49.26
Receivables	1,087	919.46	869.35	965.37	1,224	2,641
Inventory	1,246	1,116	1,309	1,379	2,041	2,282
Other Current Assets	138.39	143.09	175.96	234.5	1,860	1,537
Total Current Assets	2,598	2,320	2,459	3,289	6,355	7,573
Property, Plant & Equipment	8,703	8,714	8,956	9,683	9,184	9,691
Long-Term Investments	5.64	5.67	5.49	5.65	70.53	138.18
Goodwill	153.99	153.99	153.99	153.99	-	-
Other Intangible Assets	547.33	553.01	575.77	598.53	701.46	727.28
Long-Term Deferred Tax Assets	0.21	0.21	56.68	99.74	101	123.41
Long-Term Deferred Charges	-	-	-	2.66	13.61	21.1
Other Long-Term Assets	580.18	584.63	167.77	160.49	359.87	275.19
Total Assets	12,588	12,331	12,374	13,993	16,785	18,549
Accounts Payable	1,756	1,585	566.84	919.97	2,365	2,312
Accrued Expenses	63.75	36.1	124.56	169.99	501.44	381.85
Short-Term Debt	843.83	565.82	315.96	108.52	4,567	3,576
Current Portion of Long-Term Debt	-	548.93	881.78	467.67	4,544	4,152
Current Portion of Leases	-	-	0.64	0.72	0.57	-
Current Income Taxes Payable	115.1	120.36	-	0.18	18.85	40.43
Current Unearned Revenue	1,153	1,045	560.7	472.84	1,143	796.14
Other Current Liabilities	1,251	753.71	1,172	1,121	1,474	2,533
Total Current Liabilities	5,182	4,655	3,622	3,261	14,614	13,792
Long-Term Debt	492.63	502.63	1,801	2,657	1,058	2,001
Long-Term Leases	0.1	0.11	0.68	1.33	1.92	-
Long-Term Unearned Revenue	302.21	301.33	421.65	387.09	525.27	538.7
Long-Term Deferred Tax Liabilities	0.17	0.17	0.28	0.41	0.55	-
Other Long-Term Liabilities	1,488	1,453	3.03	-	23.12	16.39
Total Liabilities	7,465	6,912	5,849	6,307	16,223	16,349
Common Stock	3,255	3,255	3,255	3,255	1,045	1,045
Additional Paid-In Capital	4,564	4,564	4,566	4,505	2,212	2,228
Retained Earnings	-4,471	-4,218	-3,318	-2,455	-4,141	-2,988
Comprehensive Income & Other	94.05	89.62	71.28	62.46	26.4	8.71
Total Common Equity	3,442	3,690	4,574	5,367	-857.28	294.03
Minority Interest	1,681	1,729	1,951	2,319	1,420	1,906
Shareholders' Equity	5,122	5,419	6,525	7,687	562.58	2,200
Total Liabilities & Equity	12,588	12,331	12,374	13,993	16,785	18,549
Total Debt	1,337	1,617	3,000	3,235	10,171	9,730
Net Cash (Debt)	-1,210	-1,476	-2,896	-2,525	-8,941	-8,616
Net Cash Per Share	-0.37	-0.46	-0.91	-0.78	-8.55	-8.26
Filing Date Shares Outstanding	3,158	2,942	3,255	3,255	1,045	1,045
Total Common Shares Outstanding	3,158	2,942	3,255	3,255	1,045	1,045
Working Capital	-2,584	-2,335	-1,164	28.44	-8,259	-6,219
Book Value Per Share	1.09	1.25	1.41	1.65	-0.82	0.28
Tangible Book Value	2,741	2,983	3,844	4,615	-1,559	-433.24
Tangible Book Value Per Share	0.87	1.01	1.18	1.42	-1.49	-0.41
Buildings	-	-	6,062	6,248	5,722	5,729
Machinery	-	-	8,185	8,377	8,530	8,580
Construction In Progress	-	-	198.04	21.02	59.36	86.87

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