SHA:600180 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	266.23	433.11	3,745	3,821	3,619	4,642
Short-Term Investments	-	-	-	-	7.31	11.7
Trading Asset Securities	0.05	0.05	43.1	4.2	4.91	16.92
Cash & Short-Term Investments	266.28	433.15	3,788	3,825	3,631	4,671
Cash Growth	-90.10%	-88.56%	-0.96%	5.34%	-22.26%	7.13%
Accounts Receivable	7,172	8,161	12,201	11,094	11,386	11,210
Other Receivables	914.89	1,125	491.65	97.81	24.04	567.9
Receivables	8,087	9,286	12,692	11,191	11,411	12,065
Inventory	109.61	57.91	951.44	872.27	298.09	363.82
Prepaid Expenses	-	-	15.1	19.51	-	4.09
Other Current Assets	432.73	473.7	399.16	644.71	845.2	480.65
Total Current Assets	8,895	10,251	17,846	16,553	16,185	17,584
Property, Plant & Equipment	555.38	666.91	1,194	630.15	447.86	32.51
Long-Term Investments	10,349	10,494	12,065	12,954	13,770	9,928
Other Intangible Assets	47.64	49.29	61.4	65.4	33.05	38.43
Long-Term Deferred Tax Assets	7.46	9.3	54.6	96.24	75.2	10.78
Long-Term Deferred Charges	0.45	0.55	3.15	-	0.25	0.63
Other Long-Term Assets	-	-	-	60.54	24.36	-
Total Assets	19,855	21,470	31,224	30,359	30,535	27,595
Accounts Payable	8,312	9,811	16,162	16,391	16,785	12,777
Accrued Expenses	12.95	12.25	33.84	93.36	62.83	139.05
Short-Term Debt	4,237	4,002	4,440	4,039	4,101	5,384
Current Portion of Long-Term Debt	69.74	69.95	42.5	-	140	160
Current Portion of Leases	-	-	61.34	56.73	54.39	10.73
Current Income Taxes Payable	34.19	36.16	38.59	51.74	124.95	72.31
Current Unearned Revenue	152.82	179.01	371.89	355.4	227.04	334.96
Other Current Liabilities	1,634	1,510	708.62	1,001	1,033	1,707
Total Current Liabilities	14,453	15,620	21,858	21,988	22,527	20,585
Long-Term Debt	996.31	1,000	764.83	20	-	140
Long-Term Leases	91.86	180.44	209.39	336.02	361.94	2.7
Long-Term Deferred Tax Liabilities	5.3	5.99	49.95	69.93	75.1	10.75
Other Long-Term Liabilities	4.41	4.41	404.42	-	-	-
Total Liabilities	15,551	16,811	23,287	22,414	22,964	20,738
Common Stock	1,087	1,087	1,087	1,087	1,052	1,016
Additional Paid-In Capital	1,856	1,856	1,856	1,867	1,745	1,514
Retained Earnings	1,230	1,533	4,701	4,758	4,603	4,329
Treasury Stock	-51	-51	-51	-51	-37.89	-
Comprehensive Income & Other	171.1	222.75	296.02	240.31	186.22	-13.99
Total Common Equity	4,293	4,647	7,888	7,901	7,548	6,845
Minority Interest	11.15	12.38	48.85	44.12	22.94	11.83
Shareholders' Equity	4,304	4,660	7,937	7,945	7,571	6,857
Total Liabilities & Equity	19,855	21,470	31,224	30,359	30,535	27,595
Total Debt	5,395	5,252	5,518	4,452	4,657	5,697
Net Cash (Debt)	-5,129	-4,819	-1,730	-626.96	-1,026	-1,027
Net Cash Per Share	-4.76	-4.47	-1.61	-0.59	-0.99	-1.01
Filing Date Shares Outstanding	1,078	1,076	1,078	1,078	1,046	1,016
Total Common Shares Outstanding	1,078	1,076	1,078	1,078	1,046	1,016
Working Capital	-5,558	-5,369	-4,012	-5,435	-6,343	-3,000
Book Value Per Share	3.98	4.32	7.32	7.33	7.22	6.73
Tangible Book Value	4,246	4,598	7,827	7,835	7,515	6,807
Tangible Book Value Per Share	3.94	4.27	7.26	7.27	7.19	6.70
Buildings	-	-	225.65	-	-	-
Machinery	-	-	731.37	44.59	58.7	68.26
Construction In Progress	-	-	3.02	216.58	0.49	-

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