SHA:600129 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	1,101	811.62	1,935	2,374	1,454
Trading Asset Securities	68.46	141.49	165.87	255.24	408.87
Cash & Short-Term Investments	1,170	953.11	2,101	2,630	1,863
Cash Growth	22.75%	-54.63%	-20.11%	41.13%	-21.80%
Accounts Receivable	3,014	2,450	2,300	2,847	2,019
Other Receivables	243.34	195.36	200.07	268.66	220.38
Receivables	3,257	2,645	2,500	3,116	2,239
Inventory	2,200	2,727	2,691	2,268	2,280
Prepaid Expenses	-	24.54	12.02	13.84	-
Other Current Assets	403.76	354.93	301.08	344.66	323.71
Total Current Assets	7,031	6,704	7,605	8,372	6,706
Property, Plant & Equipment	5,524	5,367	4,845	4,820	4,450
Long-Term Investments	53.99	79.38	89.43	99.83	162.02
Other Intangible Assets	1,385	1,417	1,282	1,078	1,141
Long-Term Deferred Tax Assets	53.97	53.13	54.48	35.99	39.27
Long-Term Deferred Charges	117.71	153.16	218.96	269.53	268.45
Other Long-Term Assets	246.43	284.24	316.9	248.71	402.95
Total Assets	14,411	14,058	14,412	14,925	13,170
Accounts Payable	2,440	1,756	2,043	1,998	2,446
Accrued Expenses	204.67	1,253	1,837	1,615	990.71
Short-Term Debt	4,756	4,405	3,284	3,402	2,988
Current Portion of Long-Term Debt	210.7	201.71	432.64	471.85	837.29
Current Portion of Leases	-	72.29	64.19	84.35	98.79
Current Income Taxes Payable	115.05	15.59	45.24	63.01	17.76
Current Unearned Revenue	199.1	581.41	804.75	1,710	582.07
Other Current Liabilities	1,781	1,070	1,037	1,282	1,037
Total Current Liabilities	9,707	9,355	9,548	10,626	8,997
Long-Term Debt	386.85	302.78	341.84	567.73	767.13
Long-Term Leases	77.82	116.35	102.13	116.71	121.01
Long-Term Unearned Revenue	127.88	158.18	138.79	140.94	143.44
Pension & Post-Retirement Benefits	-	479.15	498.86	473.9	465.12
Long-Term Deferred Tax Liabilities	5.4	12.37	16.06	40.88	73.01
Other Long-Term Liabilities	464.79	-	20	1.27	1.27
Total Liabilities	10,770	10,424	10,666	11,968	10,568
Common Stock	551.42	556.89	556.89	556.89	556.89
Additional Paid-In Capital	1,957	2,072	2,072	2,102	2,074
Retained Earnings	1,102	981.74	1,122	524.8	178.7
Comprehensive Income & Other	-109.21	-117.99	-128.38	-95.98	-82.97
Total Common Equity	3,502	3,492	3,622	3,088	2,727
Minority Interest	140.23	141.28	123.66	-131.26	-125.39
Shareholders' Equity	3,642	3,633	3,746	2,957	2,602
Total Liabilities & Equity	14,411	14,058	14,412	14,925	13,170
Total Debt	5,432	5,098	4,225	4,642	4,812
Net Cash (Debt)	-4,262	-4,145	-2,124	-2,013	-2,949
Net Cash Per Share	-7.78	-7.44	-3.82	-3.64	-5.30
Filing Date Shares Outstanding	533.13	556.89	556.89	556.89	556.89
Total Common Shares Outstanding	533.13	556.89	556.89	556.89	556.89
Working Capital	-2,676	-2,651	-1,944	-2,254	-2,291
Book Value Per Share	6.57	6.27	6.50	5.55	4.90
Tangible Book Value	2,117	2,075	2,340	2,010	1,586
Tangible Book Value Per Share	3.97	3.73	4.20	3.61	2.85
Buildings	-	3,225	2,926	3,917	3,501
Machinery	-	1,095	1,023	1,966	1,726
Construction In Progress	-	867.66	731.1	740.81	790.2

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