SHA:600449 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	3,328	887.45	1,123	1,433	1,313
Trading Asset Securities	0.17	2,105	1,762	630.94	901.83
Cash & Short-Term Investments	3,328	2,992	2,885	2,064	2,215
Cash Growth	11.23%	3.70%	39.78%	-6.82%	67.55%
Accounts Receivable	1,183	1,967	2,378	1,928	1,323
Other Receivables	0.29	0.96	23.49	12.28	11.16
Receivables	1,183	1,968	2,402	1,940	1,334
Inventory	197.19	249.02	276.49	404.45	390.4
Prepaid Expenses	0.04	0.04	0.08	-	-
Other Current Assets	135.14	115.08	184.54	223.51	61.09
Total Current Assets	4,844	5,324	5,748	4,632	4,000
Property, Plant & Equipment	3,729	4,113	4,392	4,361	4,159
Long-Term Investments	361.72	353.94	336.37	325.76	315.21
Goodwill	5.86	5.86	5.86	5.86	5.86
Other Intangible Assets	639.68	641.5	559.88	572.04	490.5
Long-Term Deferred Tax Assets	122.82	92.07	91.14	79.08	91.85
Long-Term Deferred Charges	41.08	37.41	62.54	9.93	24.12
Other Long-Term Assets	48.3	51.06	53.94	90.75	164.72
Total Assets	9,793	10,619	11,250	10,077	9,251
Accounts Payable	306.62	394.79	555.31	437.67	487.5
Accrued Expenses	824.47	1,229	1,635	1,100	483.31
Short-Term Debt	290.24	300.24	400.21	380.27	390.35
Current Portion of Long-Term Debt	-	301.27	63.8	-	-
Current Portion of Leases	1.11	1.44	1.62	1.61	1.31
Current Income Taxes Payable	20.06	19.95	5.08	37.3	39.48
Current Unearned Revenue	68.04	78.14	69.65	103.66	101.68
Other Current Liabilities	328.17	286.67	310.12	356.01	181.51
Total Current Liabilities	1,839	2,612	3,040	2,417	1,685
Long-Term Debt	-	117.05	442.48	-	-
Long-Term Leases	0.93	1.99	2.25	3.71	5.11
Long-Term Unearned Revenue	81.72	83.44	87.36	81.95	87.85
Pension & Post-Retirement Benefits	6.28	7.18	6.11	7.18	9.51
Long-Term Deferred Tax Liabilities	50.41	49.9	44.87	42.38	42.81
Other Long-Term Liabilities	93.89	92.59	93.01	89.46	135.46
Total Liabilities	2,072	2,964	3,716	2,641	1,966
Common Stock	478.18	478.18	478.18	478.18	478.18
Additional Paid-In Capital	1,985	1,985	1,985	1,985	1,982
Retained Earnings	4,856	4,774	4,653	4,542	4,271
Comprehensive Income & Other	53.56	38.83	29.45	35.91	28.07
Total Common Equity	7,373	7,276	7,145	7,041	6,759
Minority Interest	347.74	378.64	388.08	394.32	526.34
Shareholders' Equity	7,721	7,655	7,533	7,435	7,286
Total Liabilities & Equity	9,793	10,619	11,250	10,077	9,251
Total Debt	292.28	721.99	910.36	385.58	396.77
Net Cash (Debt)	3,036	2,270	1,975	1,678	1,818
Net Cash Growth	33.73%	14.95%	17.66%	-7.70%	104.26%
Net Cash Per Share	6.33	4.70	4.12	3.52	3.81
Filing Date Shares Outstanding	478.18	478.18	478.18	478.18	478.18
Total Common Shares Outstanding	478.18	478.18	478.18	478.18	478.18
Working Capital	3,005	2,712	2,707	2,215	2,315
Book Value Per Share	15.42	15.22	14.94	14.72	14.14
Tangible Book Value	6,727	6,629	6,579	6,463	6,263
Tangible Book Value Per Share	14.07	13.86	13.76	13.52	13.10
Buildings	3,707	3,771	3,742	3,511	3,495
Machinery	5,683	5,789	5,742	5,238	5,151
Construction In Progress	36.08	15.17	53.9	451.35	49.48

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