SHA:600435 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	1,090	1,371	2,066	2,000	1,471
Cash & Short-Term Investments	1,090	1,371	2,066	2,000	1,471
Cash Growth	-20.47%	-33.65%	3.32%	35.97%	18.59%
Accounts Receivable	5,343	4,667	3,641	2,547	2,721
Other Receivables	13.51	14.45	26.98	9.91	7.75
Receivables	5,356	4,682	3,668	2,557	2,729
Inventory	530.61	538.47	423.76	609.14	705.74
Prepaid Expenses	-	2.65	0.77	9.77	0.77
Other Current Assets	17.76	17.1	16.86	31.74	238.66
Total Current Assets	6,995	6,611	6,175	5,208	5,144
Property, Plant & Equipment	898.67	868.81	834.53	787.76	925.81
Long-Term Investments	2.42	2.36	2.58	4.78	5.83
Goodwill	41.8	50.6	55.37	60.25	60.25
Other Intangible Assets	114.1	120.19	123.33	140.7	213.92
Long-Term Deferred Tax Assets	110.43	92.38	70.94	79.39	68.04
Long-Term Deferred Charges	0.16	0.59	0.06	0.04	0.08
Other Long-Term Assets	29.1	22.21	26.09	46.3	54.47
Total Assets	8,192	7,768	7,288	6,327	6,473
Accounts Payable	4,060	3,629	3,309	2,620	2,760
Accrued Expenses	49.18	272.7	338	193.33	177.71
Short-Term Debt	-	10.2	4.58	1.87	152.12
Current Portion of Long-Term Debt	2.55	-	-	-	-
Current Portion of Leases	-	2.89	1.31	2.08	1.47
Current Income Taxes Payable	65.34	3.08	17.7	12.75	12.02
Current Unearned Revenue	93.97	190.16	53.92	65.54	132.39
Other Current Liabilities	165.57	75.36	62.87	179.03	126.99
Total Current Liabilities	4,437	4,183	3,787	3,074	3,363
Long-Term Leases	5.43	8.8	1.88	1.84	2.98
Long-Term Unearned Revenue	76.22	42.62	20.9	6.3	7.25
Long-Term Deferred Tax Liabilities	8.5	9.12	7.15	9.77	5.69
Other Long-Term Liabilities	3.63	-	-	-	-
Total Liabilities	4,530	4,244	3,817	3,092	3,379
Common Stock	1,512	1,506	1,499	1,489	1,489
Additional Paid-In Capital	294.68	247.56	199.2	118.38	122.71
Retained Earnings	1,080	989.37	990.42	858.12	710.4
Comprehensive Income & Other	30.73	26.57	22.07	18.76	15.16
Total Common Equity	2,918	2,770	2,711	2,485	2,338
Minority Interest	743.62	754.65	759.81	749.94	756.58
Shareholders' Equity	3,661	3,524	3,471	3,235	3,094
Total Liabilities & Equity	8,192	7,768	7,288	6,327	6,473
Total Debt	7.98	21.89	7.77	5.79	156.56
Net Cash (Debt)	1,082	1,349	2,058	1,994	1,314
Net Cash Growth	-19.77%	-34.46%	3.23%	51.73%	21.66%
Net Cash Per Share	0.72	0.91	1.39	1.29	0.89
Filing Date Shares Outstanding	1,361	1,506	1,499	1,489	1,489
Total Common Shares Outstanding	1,361	1,506	1,499	1,489	1,489
Working Capital	2,558	2,428	2,388	2,133	1,782
Book Value Per Share	2.14	1.84	1.81	1.67	1.57
Tangible Book Value	2,762	2,599	2,532	2,284	2,063
Tangible Book Value Per Share	2.03	1.73	1.69	1.53	1.39
Buildings	-	730.06	676.34	663.84	813.43
Machinery	-	996.46	930.03	856.35	964.19
Construction In Progress	-	48.85	89.37	66.58	35.32

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.