SHA:600203 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	2,010	1,366	1,395	1,621	1,547	2,553
Short-Term Investments	-	264.23	31.71	426.64	467.96	50.68
Trading Asset Securities	0	0	-	-	10.09	0.16
Cash & Short-Term Investments	2,010	1,630	1,427	2,048	2,025	2,603
Cash Growth	48.15%	14.27%	-30.33%	1.13%	-22.23%	59.32%
Accounts Receivable	2,689	3,112	2,096	2,052	2,337	3,087
Other Receivables	39.8	138.22	172.03	121.84	135.33	426.72
Receivables	2,729	3,251	2,268	2,174	2,472	3,514
Inventory	1,530	1,618	1,569	1,055	1,436	2,849
Other Current Assets	579.66	157.87	124.54	142.89	259.23	337.14
Total Current Assets	6,848	6,657	5,388	5,419	6,192	9,304
Property, Plant & Equipment	1,078	1,101	951.14	996.22	1,114	1,044
Long-Term Investments	269.61	314.98	495.34	389.87	596.06	848.32
Goodwill	309.38	309.38	369.04	449.25	484.84	525.1
Other Intangible Assets	178.79	191.44	215.76	247.04	263.9	244.66
Long-Term Accounts Receivable	-	61.87	70.81	81.15	86.09	9.47
Long-Term Deferred Tax Assets	86.05	88.55	82.37	92.12	110.97	127.46
Long-Term Deferred Charges	172.48	171.1	152.18	111.78	106	109.72
Other Long-Term Assets	46.75	9.21	11.45	7.57	16.63	46.76
Total Assets	8,989	8,905	7,736	7,794	8,971	12,260
Accounts Payable	2,359	3,141	2,166	2,205	2,620	4,721
Accrued Expenses	178.15	461.73	350.76	271.3	258.73	299.65
Short-Term Debt	2,753	2,335	2,148	1,689	2,025	1,722
Current Portion of Long-Term Debt	293.49	61.02	431.12	438.82	60.2	2.57
Current Portion of Leases	-	194.88	112.55	82.01	128.1	136.06
Current Income Taxes Payable	40.25	1.07	1.01	14.27	4.6	8.06
Current Unearned Revenue	278.12	131.98	243.12	176.27	191.04	1,187
Other Current Liabilities	206.66	137.47	125.54	127.33	174.03	263.09
Total Current Liabilities	6,109	6,464	5,578	5,004	5,462	8,340
Long-Term Debt	853.16	402.02	100	440.5	780.8	210.1
Long-Term Leases	243.82	312.41	276.79	165.02	249.8	191.89
Long-Term Unearned Revenue	34.84	32.73	32.13	23.08	19.88	13.97
Long-Term Deferred Tax Liabilities	2.97	3.17	5.54	3.87	8.72	4.37
Other Long-Term Liabilities	12.93	14.83	12.27	18.53	15.85	12.12
Total Liabilities	7,257	7,229	6,005	5,655	6,537	8,772
Common Stock	592.99	592.99	592.99	592.99	592.99	592.99
Additional Paid-In Capital	2,238	2,238	2,237	2,237	2,262	2,513
Retained Earnings	-1,189	-1,235	-1,175	-790.84	-504.53	-193.58
Comprehensive Income & Other	7.97	5.49	1.41	0.93	0.23	-2.32
Total Common Equity	1,650	1,601	1,657	2,040	2,351	2,910
Minority Interest	82.21	74.78	74.25	98.54	82.83	577.51
Shareholders' Equity	1,732	1,676	1,731	2,139	2,434	3,488
Total Liabilities & Equity	8,989	8,905	7,736	7,794	8,971	12,260
Total Debt	4,144	3,305	3,068	2,816	3,244	2,263
Net Cash (Debt)	-2,134	-1,675	-1,641	-768.3	-1,219	340.46
Net Cash Growth	-	-	-	-	-	-21.69%
Net Cash Per Share	-3.59	-2.82	-2.77	-1.30	-2.06	0.73
Filing Date Shares Outstanding	592.99	592.99	592.99	592.99	592.99	592.99
Total Common Shares Outstanding	592.99	592.99	592.99	592.99	592.99	592.99
Working Capital	739.16	193.24	-190.44	414.98	730.33	964.18
Book Value Per Share	2.78	2.70	2.79	3.44	3.96	4.91
Tangible Book Value	1,162	1,100	1,072	1,344	1,602	2,140
Tangible Book Value Per Share	1.96	1.86	1.81	2.27	2.70	3.61
Buildings	-	504.8	504.8	504.81	503.55	272.41
Machinery	-	1,022	937.99	937.32	980.86	869.57
Construction In Progress	-	22.57	6.4	22.47	7.83	129.52

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