SHA:600121 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	3,021	2,642	3,059	2,741	3,816	3,072
Cash & Short-Term Investments	3,021	2,642	3,059	2,741	3,816	3,072
Cash Growth	-4.61%	-13.62%	11.58%	-28.16%	24.21%	-19.33%
Accounts Receivable	1,292	1,132	1,096	1,261	1,144	1,482
Other Receivables	104.79	89.11	77.18	77.33	73.52	52.81
Receivables	1,397	1,222	1,174	1,338	1,218	1,535
Inventory	81.61	108.03	84.92	121.69	167.08	236.63
Other Current Assets	60	61.36	62	72.6	41.76	64.98
Total Current Assets	4,560	4,033	4,379	4,274	5,243	4,909
Property, Plant & Equipment	6,950	6,954	7,286	7,040	6,698	6,522
Long-Term Investments	754.45	763.85	887.93	462.95	453.07	519.57
Other Intangible Assets	261.18	268.27	285.55	323.04	349.59	377.28
Long-Term Deferred Tax Assets	158.4	156.77	155.7	165.13	161.18	146.5
Long-Term Deferred Charges	17.05	19.98	18.93	6.06	8.12	10.62
Other Long-Term Assets	911.21	914.04	950.29	991.69	1,008	1,030
Total Assets	13,612	13,111	13,964	13,263	13,921	13,514
Accounts Payable	5,231	5,053	5,259	5,196	5,611	5,095
Accrued Expenses	546.17	473.93	431.09	542.58	660.56	575.25
Short-Term Debt	3,194	2,802	2,605	2,166	2,586	2,996
Current Portion of Long-Term Debt	-	-	79.7	0.2	-	-
Current Portion of Leases	173.75	160.34	152.52	51.38	1.88	1.88
Current Income Taxes Payable	59.42	41.53	25.26	55.98	69.67	69.64
Current Unearned Revenue	113.46	86.72	112.65	152.86	278.73	138.81
Other Current Liabilities	1,166	1,170	1,127	1,288	1,200	1,327
Total Current Liabilities	10,483	9,787	9,793	9,453	10,407	10,204
Long-Term Debt	60.7	65.08	-	79.7	-	-
Long-Term Leases	110.59	104.13	136.56	57.87	3.25	4.81
Long-Term Unearned Revenue	3.09	3.12	3.02	3.54	4.07	4.5
Long-Term Deferred Tax Liabilities	128.59	128.66	132.87	138.55	139.76	121.36
Other Long-Term Liabilities	649.09	647.09	736.57	726.21	690.16	653.26
Total Liabilities	11,435	10,735	10,802	10,458	11,244	10,988
Common Stock	1,218	1,218	1,218	1,218	1,218	1,218
Additional Paid-In Capital	230.04	216.04	216.04	227.89	227.42	224.66
Retained Earnings	-1,051	-855.42	72.07	-210.59	-242.57	-294.46
Comprehensive Income & Other	338.36	358.74	372.04	369.7	428.71	433.61
Total Common Equity	735.87	937.77	1,879	1,605	1,632	1,582
Minority Interest	1,441	1,438	1,283	1,199	1,045	943.98
Shareholders' Equity	2,177	2,375	3,162	2,804	2,677	2,526
Total Liabilities & Equity	13,612	13,111	13,964	13,263	13,921	13,514
Total Debt	3,539	3,131	2,974	2,355	2,591	3,003
Net Cash (Debt)	-517.97	-488.84	84.9	386.3	1,225	69.33
Net Cash Growth	-	-	-78.02%	-68.47%	1667.28%	-89.62%
Net Cash Per Share	-0.43	-0.40	0.07	0.32	1.01	0.06
Filing Date Shares Outstanding	1,218	1,218	1,218	1,218	1,218	1,218
Total Common Shares Outstanding	1,218	1,218	1,218	1,218	1,218	1,218
Working Capital	-5,923	-5,754	-5,414	-5,178	-5,164	-5,296
Book Value Per Share	0.60	0.77	1.54	1.32	1.34	1.30
Tangible Book Value	474.69	669.5	1,593	1,282	1,282	1,205
Tangible Book Value Per Share	0.39	0.55	1.31	1.05	1.05	0.99
Buildings	-	5,839	6,168	6,209	5,913	5,112
Machinery	-	6,645	6,578	6,621	6,648	6,270
Construction In Progress	-	1,986	1,737	1,261	1,115	1,764

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