SHA:600425 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	1,150	1,273	1,611	1,027	1,270
Cash & Short-Term Investments	1,150	1,273	1,611	1,027	1,270
Cash Growth	-9.69%	-20.98%	56.83%	-19.12%	16.31%
Accounts Receivable	851.81	1,044	1,083	921.67	484.61
Other Receivables	32.16	43.36	207.63	32.81	80.64
Receivables	883.97	1,088	1,291	954.48	565.25
Inventory	688.69	642.55	722.38	870.92	599.57
Prepaid Expenses	-	-	0.01	-	-
Other Current Assets	143.82	168.45	126.77	121.41	218.94
Total Current Assets	2,866	3,172	3,751	2,974	2,654
Property, Plant & Equipment	5,028	4,908	4,713	4,706	4,671
Long-Term Investments	469.36	552.19	546.8	529.36	505.93
Other Intangible Assets	501.89	431.38	392.48	375.3	324.63
Long-Term Deferred Tax Assets	16.76	16.22	21.98	21.48	23.35
Long-Term Deferred Charges	31.94	21.51	6.44	2.14	1.36
Other Long-Term Assets	371.04	436.32	262.85	268.66	306.9
Total Assets	9,285	9,538	9,694	8,877	8,487
Accounts Payable	497.15	517.32	514.83	459.55	533.63
Accrued Expenses	55.78	52.62	79.2	133.84	111.64
Short-Term Debt	394.73	501.69	1,178	1,181	1,103
Current Portion of Long-Term Debt	417.75	261.24	52.49	561.64	221.01
Current Portion of Leases	-	-	-	13.5	46.85
Current Income Taxes Payable	13.02	17.1	22.73	36.59	40.06
Current Unearned Revenue	72.89	59.3	97.99	107.68	51.04
Other Current Liabilities	318.57	426.8	506.08	495.75	301.97
Total Current Liabilities	1,770	1,836	2,451	2,990	2,409
Long-Term Debt	539.09	870.95	658.03	275.19	709.82
Long-Term Leases	-	-	-	-	13.5
Long-Term Unearned Revenue	192.97	144.27	118.54	124.71	124.93
Other Long-Term Liabilities	3.78	0.11	0.21	0.4	0.4
Total Liabilities	2,506	2,851	3,228	3,390	3,258
Common Stock	1,605	1,605	1,605	1,379	1,379
Additional Paid-In Capital	3,404	3,404	3,445	3,005	3,005
Retained Earnings	1,426	1,310	1,117	813.98	619.1
Comprehensive Income & Other	38.18	72.24	62.2	65	29.59
Total Common Equity	6,472	6,391	6,229	5,262	5,032
Minority Interest	306.62	295.59	237.49	224.06	196.91
Shareholders' Equity	6,779	6,686	6,466	5,486	5,229
Total Liabilities & Equity	9,285	9,538	9,694	8,877	8,487
Total Debt	1,352	1,634	1,889	2,032	2,094
Net Cash (Debt)	-201.86	-360.76	-277.36	-1,004	-824.19
Net Cash Per Share	-0.12	-0.22	-0.17	-0.73	-0.60
Filing Date Shares Outstanding	1,605	1,605	1,605	1,379	1,379
Total Common Shares Outstanding	1,605	1,605	1,605	1,379	1,379
Working Capital	1,096	1,336	1,300	-15.88	244.56
Book Value Per Share	4.03	3.98	3.88	3.82	3.65
Tangible Book Value	5,971	5,959	5,836	4,887	4,707
Tangible Book Value Per Share	3.72	3.71	3.64	3.54	3.41
Buildings	3,587	3,439	3,242	3,150	3,107
Machinery	4,661	4,369	4,165	3,916	3,785
Construction In Progress	161.94	295.34	290.05	356.82	127.04

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