SHA:600283 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	618.17	706.93	1,789	533.21	756.25	611.48
Accounts Receivable	831.24	726.35	504.13	302.04	143.89	173.19
Other Receivables	49.96	65.75	30.74	25.68	34.18	11.35
Inventory	511.29	445.13	543.92	607.1	648.63	619.21
Other Current Assets	153.72	136.1	138.69	132.35	84.49	75.12
Total Current Assets	2,164	2,080	3,006	1,600	1,667	1,490
Property, Plant & Equipment	4,421	4,466	4,238	3,961	3,801	3,625
Other Intangible Assets	2,180	2,210	2,293	1,317	599.82	507.98
Long-Term Investments	630.17	634.16	643.49	658.2	689.57	677.4
Long-Term Deferred Tax Assets	96.01	94.33	94	85.28	74.52	56.95
Long-Term Deferred Charges	27.59	29.02	17.83	16.96	17.27	14.26
Other Long-Term Assets	56.54	58.66	18.35	16.2	44.6	11.11
Total Assets	9,576	9,572	10,310	7,655	6,894	6,383
Accounts Payable	643.42	727.74	655	452.19	339.28	319.36
Accrued Expenses	42.12	95.91	74.62	57.71	54.41	74
Short-Term Debt	982.13	1,026	1,501	815.9	323.6	476.37
Current Portion of Long-Term Debt	404.94	328.86	525.29	141.14	280.05	309.08
Current Unearned Revenue	582.48	571.45	743.21	1,083	1,286	839.68
Current Portion of Leases	-	2.38	1.35	1.32	1.35	1.02
Current Income Taxes Payable	76.18	30.1	40.41	45.74	31.68	28.57
Other Current Liabilities	257.69	161.5	152.84	133.9	122.22	177.05
Total Current Liabilities	2,989	2,944	3,694	2,731	2,439	2,225
Long-Term Debt	1,923	1,958	2,015	1,063	873	781.05
Long-Term Leases	5.29	5.27	4.46	3.13	4.07	5.14
Long-Term Unearned Revenue	668	677.32	692.37	703.45	624.56	596.75
Long-Term Deferred Tax Liabilities	24.59	24.47	28.92	20.07	4.95	5.91
Other Long-Term Liabilities	23.88	76.32	92.07	103.01	91.84	92.13
Total Liabilities	5,633	5,685	6,526	4,623	4,037	3,706
Common Stock	560.82	560.82	560.82	353	353	353
Additional Paid-In Capital	1,509	1,509	1,509	-	1,152	1,152
Retained Earnings	1,115	1,077	1,001	856.66	704.04	584.57
Comprehensive Income & Other	-5.7	-5.91	-8.62	1,144	-8.71	-8.74
Total Common Equity	3,179	3,141	3,062	2,353	2,201	2,081
Minority Interest	764.08	745.9	721.82	678.37	655.82	595.47
Shareholders' Equity	3,943	3,887	3,784	3,032	2,857	2,677
Total Liabilities & Equity	9,576	9,572	10,310	7,655	6,894	6,383
Total Debt	3,315	3,321	4,047	2,024	1,482	1,573
Net Cash (Debt)	-2,697	-2,614	-2,258	-1,491	-725.82	-961.19
Net Cash Per Share	-5.36	-5.20	-4.51	-3.01	-1.47	-1.96
Filing Date Shares Outstanding	540.22	560.82	560.82	494.19	494.19	494.19
Total Common Shares Outstanding	540.22	560.82	560.82	494.19	494.19	494.19
Working Capital	-824.56	-864.06	-687.61	-1,130	-771.47	-734.78
Book Value Per Share	5.88	5.60	5.46	4.76	4.45	4.21
Tangible Book Value	998.58	931.2	769.1	1,036	1,601	1,573
Tangible Book Value Per Share	1.85	1.66	1.37	2.10	3.24	3.18
Buildings	-	2,886	2,480	2,305	2,129	1,949
Machinery	-	2,795	2,680	3,207	2,862	2,663
Construction In Progress	-	113.16	388.65	254.41	424.21	433.67

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