SHA:600125 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,951	1,929	1,625	1,921	1,610
Cash & Short-Term Investments	1,951	1,929	1,625	1,921	1,610
Cash Growth	1.14%	18.71%	-15.43%	19.34%	23.65%
Accounts Receivable	681.73	750.3	647.61	754.23	755.82
Other Receivables	107.17	77.71	81.05	107.54	58.67
Receivables	788.91	828.01	728.66	861.77	814.49
Inventory	1,984	2,137	2,318	1,569	1,556
Prepaid Expenses	6.68	1.82	6.13	1.8	1.31
Other Current Assets	173.75	180.09	191.81	168.99	184.86
Total Current Assets	4,904	5,075	4,869	4,522	4,166
Property, Plant & Equipment	4,980	4,847	4,629	4,371	4,389
Long-Term Investments	150.92	190.85	191.85	185.8	121.66
Other Intangible Assets	222.76	232.51	242.21	251.77	379.85
Long-Term Deferred Tax Assets	42.52	40.68	37.49	36.77	9.64
Long-Term Deferred Charges	22.43	30.17	37.76	42.39	50.75
Other Long-Term Assets	2.47	1.32	3.55	2.07	0.01
Total Assets	10,325	10,418	10,010	9,412	9,117
Accounts Payable	704.74	895.49	1,224	887.74	580.23
Accrued Expenses	52.91	40.73	44.18	14.79	55.79
Current Portion of Long-Term Debt	1.46	767.44	19.85	20.84	71.07
Current Portion of Leases	15.01	14.61	13.5	14.5	17.1
Current Income Taxes Payable	24.95	23.11	29.79	39.59	14.68
Current Unearned Revenue	449.33	387.62	205.99	185.78	98.32
Other Current Liabilities	594.61	586.55	203.48	219.94	228.98
Total Current Liabilities	1,843	2,716	1,740	1,383	1,066
Long-Term Debt	498.43	-	757.96	887.93	1,097
Long-Term Leases	36.13	51.06	65.46	29.23	46.95
Long-Term Unearned Revenue	113.41	123.91	136.56	148.97	162.26
Long-Term Deferred Tax Liabilities	189.44	210.56	231.23	248.57	268.55
Other Long-Term Liabilities	-	20.07	20.07	20.07	20.09
Total Liabilities	2,680	3,121	2,952	2,718	2,661
Common Stock	1,306	1,306	1,306	1,306	1,306
Additional Paid-In Capital	168.32	158.13	158.13	158.13	158.13
Retained Earnings	6,148	5,809	5,570	5,204	4,971
Comprehensive Income & Other	0.2	-1.85	-1.77	-0.37	-0.29
Total Common Equity	7,622	7,270	7,032	6,667	6,434
Minority Interest	22.14	26.19	26.1	26.69	21.73
Shareholders' Equity	7,644	7,297	7,058	6,694	6,456
Total Liabilities & Equity	10,325	10,418	10,010	9,412	9,117
Total Debt	551.03	833.1	856.77	952.5	1,232
Net Cash (Debt)	1,400	1,095	767.82	968.45	377.32
Net Cash Growth	27.76%	42.67%	-20.72%	156.66%	300.94%
Net Cash Per Share	1.07	0.84	0.59	0.74	0.29
Filing Date Shares Outstanding	1,306	1,306	1,306	1,306	1,306
Total Common Shares Outstanding	1,306	1,306	1,306	1,306	1,306
Working Capital	3,061	2,359	3,128	3,139	3,100
Book Value Per Share	5.84	5.57	5.39	5.11	4.93
Tangible Book Value	7,399	7,038	6,790	6,416	6,055
Tangible Book Value Per Share	5.67	5.39	5.20	4.91	4.64
Buildings	1,331	1,296	1,299	1,273	1,134
Machinery	483.66	470.22	467.79	464.44	563.82
Construction In Progress	-	-	43.12	23.51	23.42

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