SHA:600396 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	480.03	364.15	590.61	500.5	746.29	1,084
Accounts Receivable	1,252	1,343	1,171	1,023	1,331	1,399
Other Receivables	36.24	178.31	124.56	124.87	10.36	5.87
Inventory	83.27	117.41	146.54	147.4	373.14	863.15
Prepaid Expenses	-	4.55	3.69	2.74	-	-
Other Current Assets	277.54	143.35	62.35	110.57	337.78	348.79
Total Current Assets	2,129	2,151	2,098	1,909	2,799	3,702
Property, Plant & Equipment	11,682	11,774	10,771	10,946	14,999	16,165
Other Intangible Assets	319.36	323.51	241.54	222.03	244.97	249.92
Long-Term Investments	572.61	586.41	603.11	547.21	506.43	428.24
Long-Term Deferred Tax Assets	154.43	173.96	176	126.26	140.9	161.08
Long-Term Deferred Charges	8.52	8.69	7.61	0.86	5.67	13.42
Other Long-Term Assets	175.76	86.85	202.42	126.83	176.34	226.64
Total Assets	15,041	15,104	14,100	13,878	18,872	20,946
Accounts Payable	702.68	313.77	185.18	320.66	1,301	1,664
Accrued Expenses	16.93	94.92	67.06	52.9	139.86	138.97
Short-Term Debt	3,404	3,265	3,354	5,185	8,773	8,984
Current Portion of Long-Term Debt	505.55	637.76	1,026	1,526	2,401	1,546
Current Unearned Revenue	29.55	363.79	387.4	391.61	394.31	434.6
Current Portion of Leases	-	0.19	0.58	1.12	32.71	10.88
Current Income Taxes Payable	63.57	17.94	7.53	9.23	6.24	2.78
Other Current Liabilities	61.79	634.54	501.29	406.75	573.1	851.6
Total Current Liabilities	4,784	5,328	5,529	7,894	13,621	13,633
Long-Term Debt	4,679	4,285	3,487	3,794	5,323	5,526
Long-Term Leases	812.9	985.6	764.53	1,218	1,774	1,202
Long-Term Unearned Revenue	43.99	44.86	48.34	49.72	63.92	72.22
Pension & Post-Retirement Benefits	-	-	-	-	72.7	77.8
Long-Term Deferred Tax Liabilities	16.88	16.88	18.07	19.4	32.18	35.04
Other Long-Term Liabilities	47.3	48.92	57.14	74.13	99.7	123.67
Total Liabilities	10,385	10,709	9,904	13,049	20,987	20,670
Common Stock	1,473	1,473	1,473	1,473	1,473	1,473
Additional Paid-In Capital	2,283	2,281	2,273	1,380	1,370	1,356
Retained Earnings	-2,234	-2,392	-2,420	-2,505	-4,638	-2,620
Comprehensive Income & Other	13.37	5.09	3.67	2.02	-1.91	-9.07
Total Common Equity	1,535	1,367	1,330	349.87	-1,797	199.68
Minority Interest	3,121	3,028	2,867	479.23	-316.8	76.25
Shareholders' Equity	4,656	4,396	4,196	829.1	-2,114	275.93
Total Liabilities & Equity	15,041	15,104	14,100	13,878	18,872	20,946
Total Debt	9,402	9,173	8,632	11,725	18,304	17,270
Net Cash (Debt)	-8,922	-8,809	-8,042	-11,224	-17,558	-16,185
Net Cash Per Share	-6.05	-5.98	-5.46	-7.62	-11.92	-10.99
Filing Date Shares Outstanding	1,473	1,473	1,473	1,473	1,473	1,473
Total Common Shares Outstanding	1,473	1,473	1,473	1,473	1,473	1,473
Working Capital	-2,655	-3,177	-3,431	-5,984	-10,823	-9,931
Book Value Per Share	1.04	0.93	0.90	0.24	-1.22	0.14
Tangible Book Value	1,216	1,044	1,088	127.84	-2,042	-50.24
Tangible Book Value Per Share	0.83	0.71	0.74	0.09	-1.39	-0.03
Buildings	-	3,727	3,678	3,620	7,083	7,048
Machinery	-	13,266	12,784	12,623	22,414	22,675
Construction In Progress	-	1,582	555.74	357.64	97.94	225.54