SHA:600203 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	1,366	1,395	1,621	1,547	2,553
Short-Term Investments	-	31.71	426.64	467.96	50.68
Trading Asset Securities	0	-	-	10.09	0.16
Cash & Short-Term Investments	1,366	1,427	2,048	2,025	2,603
Cash Growth	-4.25%	-30.33%	1.13%	-22.23%	59.32%
Accounts Receivable	3,103	2,096	2,052	2,337	3,087
Other Receivables	37.39	172.03	121.84	135.33	426.72
Receivables	3,141	2,268	2,174	2,472	3,514
Inventory	1,618	1,569	1,055	1,436	2,849
Other Current Assets	531.87	124.54	142.89	259.23	337.14
Total Current Assets	6,657	5,388	5,419	6,192	9,304
Property, Plant & Equipment	1,101	951.14	996.22	1,114	1,044
Long-Term Investments	270.35	495.34	389.87	596.06	848.32
Goodwill	309.38	369.04	449.25	484.84	525.1
Other Intangible Assets	191.44	215.76	247.04	263.9	244.66
Long-Term Accounts Receivable	-	70.81	81.15	86.09	9.47
Long-Term Deferred Tax Assets	88.55	82.37	92.12	110.97	127.46
Long-Term Deferred Charges	171.1	152.18	111.78	106	109.72
Other Long-Term Assets	115.72	11.45	7.57	16.63	46.76
Total Assets	8,905	7,736	7,794	8,971	12,260
Accounts Payable	3,296	2,166	2,205	2,620	4,721
Accrued Expenses	225.58	350.76	271.3	258.73	299.65
Short-Term Debt	2,315	2,148	1,689	2,025	1,722
Current Portion of Long-Term Debt	255.9	431.12	438.82	60.2	2.57
Current Portion of Leases	-	112.55	82.01	128.1	136.06
Current Income Taxes Payable	61.06	1.01	14.27	4.6	8.06
Current Unearned Revenue	131.98	243.12	176.27	191.04	1,187
Other Current Liabilities	178.64	125.54	127.33	174.03	263.09
Total Current Liabilities	6,464	5,578	5,004	5,462	8,340
Long-Term Debt	402.02	100	440.5	780.8	210.1
Long-Term Leases	248.83	276.79	165.02	249.8	191.89
Long-Term Unearned Revenue	32.73	32.13	23.08	19.88	13.97
Long-Term Deferred Tax Liabilities	3.17	5.54	3.87	8.72	4.37
Other Long-Term Liabilities	78.41	12.27	18.53	15.85	12.12
Total Liabilities	7,229	6,005	5,655	6,537	8,772
Common Stock	592.99	592.99	592.99	592.99	592.99
Additional Paid-In Capital	2,238	2,237	2,237	2,262	2,513
Retained Earnings	-1,235	-1,175	-790.84	-504.53	-193.58
Comprehensive Income & Other	5.49	1.41	0.93	0.23	-2.32
Total Common Equity	1,601	1,657	2,040	2,351	2,910
Minority Interest	74.78	74.25	98.54	82.83	577.51
Shareholders' Equity	1,676	1,731	2,139	2,434	3,488
Total Liabilities & Equity	8,905	7,736	7,794	8,971	12,260
Total Debt	3,221	3,068	2,816	3,244	2,263
Net Cash (Debt)	-1,855	-1,641	-768.3	-1,219	340.46
Net Cash Growth	-	-	-	-	-21.69%
Net Cash Per Share	-3.13	-2.77	-1.30	-2.06	0.73
Filing Date Shares Outstanding	592.64	592.99	592.99	592.99	592.99
Total Common Shares Outstanding	592.64	592.99	592.99	592.99	592.99
Working Capital	193.24	-190.44	414.98	730.33	964.18
Book Value Per Share	2.70	2.79	3.44	3.96	4.91
Tangible Book Value	1,100	1,072	1,344	1,602	2,140
Tangible Book Value Per Share	1.86	1.81	2.27	2.70	3.61
Buildings	-	504.8	504.81	503.55	272.41
Machinery	-	937.99	937.32	980.86	869.57
Construction In Progress	-	6.4	22.47	7.83	129.52

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.