SHA:600280 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	266.61	136.92	384.87	214.08	204.05	513.95
Cash & Short-Term Investments	266.61	136.92	384.87	214.08	204.05	513.95
Cash Growth	-4.78%	-64.42%	79.77%	4.92%	-60.30%	-29.92%
Accounts Receivable	56.21	47.38	53.37	50.64	59.75	53.35
Other Receivables	60.12	58.62	111.17	190.82	240.81	342.42
Receivables	116.32	106.01	164.53	241.45	300.56	395.77
Inventory	3,914	3,932	4,268	5,587	5,975	6,221
Prepaid Expenses	-	-	35.07	46.62	40.34	64.52
Other Current Assets	120.34	102.62	115.03	104.99	134.7	148.92
Total Current Assets	4,417	4,278	4,967	6,194	6,655	7,344
Property, Plant & Equipment	4,384	4,442	4,939	4,074	4,437	4,777
Long-Term Investments	34.25	34.2	43.67	111.97	109.8	108.13
Goodwill	24.46	24.46	32.64	50	58.36	58.36
Other Intangible Assets	288.3	291.94	306.48	321.96	319.92	331.57
Long-Term Deferred Tax Assets	240.24	240.26	252.9	216.19	218.32	142.64
Long-Term Deferred Charges	50.55	54.21	71.51	62.38	50.8	32.92
Other Long-Term Assets	458.69	458.99	489.18	502.21	455.36	460.45
Total Assets	9,898	9,824	11,102	11,533	12,304	13,255
Accounts Payable	1,348	1,334	1,504	1,593	1,750	2,255
Accrued Expenses	8.33	9.02	609.22	598.62	552.68	606.55
Short-Term Debt	4,167	3,892	4,113	4,413	4,739	4,787
Current Portion of Long-Term Debt	1,123	1,262	801.63	335.4	358.89	514.35
Current Portion of Leases	-	-	363.91	301.23	238.6	107.34
Current Income Taxes Payable	358.21	383.88	42.64	97.78	118.97	131.1
Current Unearned Revenue	530.03	555.69	874.64	1,108	1,220	1,338
Other Current Liabilities	1,174	1,180	686.18	681.96	690.11	721.58
Total Current Liabilities	8,709	8,617	8,995	9,128	9,668	10,461
Long-Term Debt	419.6	414.93	616.42	660.86	457.56	486.65
Long-Term Leases	220.24	234.48	520.65	656.72	917.59	1,044
Long-Term Unearned Revenue	73.45	73.45	73.45	73.54	73.74	73.9
Long-Term Deferred Tax Liabilities	39.51	39.51	41.09	43.03	60.13	60.45
Other Long-Term Liabilities	162.12	161.49	145.25	108.24	107.87	115.32
Total Liabilities	9,624	9,541	10,392	10,670	11,285	12,242
Common Stock	1,128	1,128	1,128	1,128	1,128	1,138
Additional Paid-In Capital	3.3	3.25	6.53	6.26	3.25	3.25
Retained Earnings	-1,014	-1,007	-596.02	-448.09	-295.34	-285.51
Treasury Stock	-	-	-	-	-	-33.75
Comprehensive Income & Other	148.3	148.3	152.46	152.47	152.47	152.7
Total Common Equity	265.84	272.78	691.3	838.98	988.72	975.03
Minority Interest	8.39	10.16	19.45	23.77	30.33	38.2
Shareholders' Equity	274.23	282.93	710.75	862.75	1,019	1,013
Total Liabilities & Equity	9,898	9,824	11,102	11,533	12,304	13,255
Total Debt	5,930	5,803	6,415	6,367	6,712	6,940
Net Cash (Debt)	-5,664	-5,666	-6,030	-6,153	-6,508	-6,426
Net Cash Per Share	-4.81	-5.05	-5.30	-5.64	-5.41	-5.67
Filing Date Shares Outstanding	1,165	1,074	1,128	1,128	1,128	1,128
Total Common Shares Outstanding	1,165	1,074	1,128	1,128	1,128	1,128
Working Capital	-4,292	-4,340	-4,028	-2,934	-3,014	-3,117
Book Value Per Share	0.23	0.25	0.61	0.74	0.88	0.86
Tangible Book Value	-46.92	-43.63	352.18	467.02	610.43	585.1
Tangible Book Value Per Share	-0.04	-0.04	0.31	0.41	0.54	0.52
Buildings	-	-	5,884	4,750	4,756	4,799
Machinery	-	-	567.8	565.86	125.08	520.75
Construction In Progress	-	-	7.49	5.2	11.17	9.2

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