SHA:600180 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	127.4	433.11	3,745	3,821	3,619	4,642
Short-Term Investments	-	-	-	-	7.31	11.7
Trading Asset Securities	-	0.05	43.1	4.2	4.91	16.92
Cash & Short-Term Investments	127.4	433.15	3,788	3,825	3,631	4,671
Cash Growth	-95.44%	-88.56%	-0.96%	5.34%	-22.26%	7.13%
Accounts Receivable	6,708	8,161	12,201	11,094	11,386	11,210
Other Receivables	503.08	1,125	491.65	97.81	24.04	567.9
Receivables	7,211	9,286	12,692	11,191	11,411	12,065
Inventory	110.13	57.91	951.44	872.27	298.09	363.82
Prepaid Expenses	-	13.59	15.1	19.51	-	4.09
Other Current Assets	450.57	460.11	399.16	644.71	845.2	480.65
Total Current Assets	7,899	10,251	17,846	16,553	16,185	17,584
Property, Plant & Equipment	540.39	666.91	1,194	630.15	447.86	32.51
Long-Term Investments	10,155	10,494	12,065	12,954	13,770	9,928
Other Intangible Assets	47	49.29	61.4	65.4	33.05	38.43
Long-Term Deferred Tax Assets	6.61	9.3	54.6	96.24	75.2	10.78
Long-Term Deferred Charges	0.36	0.55	3.15	-	0.25	0.63
Other Long-Term Assets	-	-	-	60.54	24.36	-
Total Assets	18,649	21,470	31,224	30,359	30,535	27,595

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	7,462	9,811	16,162	16,391	16,785	12,777
Accrued Expenses	12.72	66.44	33.84	93.36	62.83	139.05
Short-Term Debt	4,575	4,851	4,440	4,039	4,101	5,384
Current Portion of Long-Term Debt	450.04	28.5	42.5	-	140	160
Current Portion of Leases	-	41.45	61.34	56.73	54.39	10.73
Current Income Taxes Payable	22.25	34.88	38.59	51.74	124.95	72.31
Current Unearned Revenue	183.65	179.01	371.89	355.4	227.04	334.96
Other Current Liabilities	1,730	607.2	708.62	1,001	1,033	1,707
Total Current Liabilities	14,436	15,620	21,858	21,988	22,527	20,585
Long-Term Debt	628.53	1,000	764.83	20	-	140
Long-Term Leases	81.5	180.44	613.81	336.02	361.94	2.7
Long-Term Deferred Tax Liabilities	3.45	5.99	49.95	69.93	75.1	10.75
Other Long-Term Liabilities	14.44	4.41	-	-	-	-
Total Liabilities	15,164	16,811	23,287	22,414	22,964	20,738

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
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	471.4	1,533	4,701	4,758	4,603	4,329
Treasury Stock	-51	-51	-51	-51	-37.89	-
Comprehensive Income & Other	113.78	222.75	296.02	240.31	186.22	-13.99
Total Common Equity	3,477	4,647	7,888	7,901	7,548	6,845
Minority Interest	8.49	12.38	48.85	44.12	22.94	11.83
Shareholders' Equity	3,485	4,660	7,937	7,945	7,571	6,857
Total Liabilities & Equity	18,649	21,470	31,224	30,359	30,535	27,595

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	5,735	6,102	5,922	4,452	4,657	5,697
Net Cash (Debt)	-5,608	-5,669	-2,134	-626.96	-1,026	-1,027
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-5.20	-5.26	-1.98	-0.59	-0.99	-1.01
Filing Date Shares Outstanding	1,078	1,078	1,078	1,078	1,046	1,016
Total Common Shares Outstanding	1,078	1,078	1,078	1,078	1,046	1,016
Working Capital	-6,537	-5,369	-4,012	-5,435	-6,343	-3,000
Book Value Per Share	3.23	4.31	7.32	7.33	7.22	6.73
Tangible Book Value	3,430	4,598	7,827	7,835	7,515	6,807
Tangible Book Value Per Share	3.18	4.27	7.26	7.27	7.19	6.70
Buildings	-	240.81	225.65	-	-	-
Machinery	-	264.22	731.37	44.59	58.7	68.26
Construction In Progress	-	0.74	3.02	216.58	0.49	-