SHA:600192 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	538.75	480.67	449.01	320.44	379.36	278.61
Cash & Short-Term Investments	538.75	480.67	449.01	320.44	379.36	278.61
Cash Growth	-10.16%	7.05%	40.12%	-15.53%	36.16%	4.49%
Accounts Receivable	1,453	1,444	1,593	1,885	1,797	1,678
Other Receivables	64.27	52.69	78.25	61.15	74.46	252.52
Receivables	1,518	1,497	1,671	1,946	1,871	1,930
Inventory	942.16	933.29	1,041	1,166	1,221	1,079
Other Current Assets	147.22	129.09	155.11	152.34	143.07	109.47
Total Current Assets	3,146	3,040	3,316	3,585	3,615	3,397
Property, Plant & Equipment	901.76	898.96	856.57	847.48	785	743.24
Long-Term Investments	228.41	230.52	253.67	269.45	283.17	308.58
Other Intangible Assets	88.73	89.36	92.25	100.66	104.31	107.03
Long-Term Accounts Receivable	-	48.05	47.87	38.19	43.32	42.01
Long-Term Deferred Tax Assets	48.56	49.3	81.75	81.73	80.46	71.33
Long-Term Deferred Charges	4.91	5.01	6.32	6.67	8.89	7.58
Other Long-Term Assets	58.31	7.7	4.89	3.13	5.16	4.96
Total Assets	4,476	4,369	4,660	4,932	4,925	4,682
Accounts Payable	1,257	1,210	1,221	1,360	1,391	1,175
Accrued Expenses	17.65	66.14	27.99	26.37	38.54	37.5
Short-Term Debt	1,172	1,094	1,142	1,110	1,082	1,069
Current Portion of Long-Term Debt	151.12	249.13	60.26	249.65	99.11	100.12
Current Portion of Leases	-	0.42	2.64	2.72	2.33	2.11
Current Income Taxes Payable	3.79	0.02	0.06	1.22	2.11	1.86
Current Unearned Revenue	86.11	84.55	121.8	108.93	96.64	90.82
Other Current Liabilities	214.58	233.24	243.95	303.19	281.42	175.68
Total Current Liabilities	2,903	2,938	2,820	3,162	2,993	2,653
Long-Term Debt	360.29	180.19	279.38	59.96	150.15	100.13
Long-Term Leases	2.66	0.87	1.17	2.71	7.15	6.29
Long-Term Unearned Revenue	263.83	260.94	248.08	245.95	181.81	182.29
Long-Term Deferred Tax Liabilities	2.72	2.73	2.62	2.68	3.05	3.3
Other Long-Term Liabilities	167.95	147.95	100.19	4.46	6.68	9.06
Total Liabilities	3,700	3,531	3,451	3,477	3,342	2,954
Common Stock	441.75	441.75	441.75	441.75	441.75	441.75
Additional Paid-In Capital	906.66	906.66	906.66	906.84	907.68	907.68
Retained Earnings	-614.14	-557.42	-209.32	16.6	143.55	263.2
Comprehensive Income & Other	25.33	27.45	42.62	58.43	73.11	84.32
Total Common Equity	759.6	818.45	1,182	1,424	1,566	1,697
Minority Interest	16.64	19.65	26.79	31.07	17.58	30.89
Shareholders' Equity	776.24	838.1	1,209	1,455	1,584	1,728
Total Liabilities & Equity	4,476	4,369	4,660	4,932	4,925	4,682
Total Debt	1,686	1,525	1,485	1,425	1,340	1,278
Net Cash (Debt)	-1,147	-1,044	-1,036	-1,104	-960.92	-999.39
Net Cash Per Share	-2.60	-2.36	-2.35	-2.50	-2.18	-2.26
Filing Date Shares Outstanding	441.78	441.75	441.75	441.75	441.75	441.75
Total Common Shares Outstanding	441.78	441.75	441.75	441.75	441.75	441.75
Working Capital	243.02	101.86	496.63	423.15	622.2	744.18
Book Value Per Share	1.72	1.85	2.68	3.22	3.55	3.84
Tangible Book Value	670.87	729.08	1,089	1,323	1,462	1,590
Tangible Book Value Per Share	1.52	1.65	2.47	2.99	3.31	3.60
Buildings	-	725.44	726.83	711.14	713.92	696.29
Machinery	-	572.98	554.96	542.51	533.37	503.13
Construction In Progress	-	218.29	148.92	129.74	48.82	15.3

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