SHA:600460 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	5,036	4,520	6,131	2,230	2,323
Trading Asset Securities	-	-	-	2	25.04
Cash & Short-Term Investments	5,036	4,520	6,131	2,232	2,348
Cash Growth	11.41%	-26.27%	174.65%	-4.94%	111.48%
Accounts Receivable	5,090	4,549	3,384	2,772	2,460
Other Receivables	21.06	22.54	25.52	31.91	22.83
Receivables	5,111	4,572	3,410	2,804	2,483
Inventory	3,882	3,899	3,732	3,072	1,913
Other Current Assets	205.48	359.8	212.02	117.6	105.47
Total Current Assets	14,235	13,351	13,485	8,226	6,850
Property, Plant & Equipment	9,420	8,684	7,940	5,813	4,623
Long-Term Investments	2,094	1,739	1,267	2,197	1,662
Goodwill	245.07	245.07	245.36	0.62	0.62
Other Intangible Assets	404.19	369.52	471.87	262.75	278.24
Long-Term Deferred Tax Assets	150.77	157.88	107.37	125.53	112.52
Long-Term Deferred Charges	137.41	120.82	127.98	116.2	83.67
Other Long-Term Assets	82.29	128.86	262.48	179.16	196.89
Total Assets	26,768	24,797	23,908	16,920	13,806
Accounts Payable	3,737	3,102	2,179	1,728	1,421
Accrued Expenses	563.32	511.4	475.68	395.48	391.15
Short-Term Debt	1,592	1,492	1,811	2,466	2,171
Current Portion of Long-Term Debt	1,331	1,819	815.33	563.69	486.25
Current Portion of Leases	3.56	2.79	4.32	3.98	1.34
Current Income Taxes Payable	0.13	1.48	16.32	16.28	58.49
Current Unearned Revenue	13.88	25.26	24.09	32.53	9.99
Other Current Liabilities	156.12	231.34	313.28	329.43	469.05
Total Current Liabilities	7,397	7,185	5,639	5,535	5,008
Long-Term Debt	5,725	2,603	3,431	2,109	356.29
Long-Term Leases	33.83	122.82	272.57	504.85	701.42
Long-Term Unearned Revenue	166.87	135.85	118.58	129.28	153.13
Long-Term Deferred Tax Liabilities	32.97	58.44	107.14	158.02	94.44
Other Long-Term Liabilities	591.01	868.45	919.53	413.4	384.2
Total Liabilities	13,947	10,973	10,488	8,850	6,698
Common Stock	1,664	1,664	1,664	1,416	1,416
Additional Paid-In Capital	6,157	6,736	6,763	2,188	2,137
Retained Earnings	4,137	3,805	3,585	3,763	2,852
Comprehensive Income & Other	10.4	9.27	9.22	6.61	5.34
Total Common Equity	11,969	12,215	12,022	7,374	6,410
Minority Interest	852.49	1,609	1,398	696.71	698.08
Shareholders' Equity	12,821	13,824	13,420	8,070	7,109
Total Liabilities & Equity	26,768	24,797	23,908	16,920	13,806
Total Debt	8,686	6,040	6,334	5,648	3,716
Net Cash (Debt)	-3,650	-1,519	-202.5	-3,416	-1,368
Net Cash Per Share	-2.19	-0.90	-0.11	-2.40	-1.02
Filing Date Shares Outstanding	1,664	1,664	1,664	1,416	1,416
Total Common Shares Outstanding	1,664	1,664	1,664	1,416	1,416
Working Capital	6,838	6,166	7,846	2,691	1,842
Book Value Per Share	7.19	7.34	7.22	5.21	4.53
Tangible Book Value	11,319	11,600	11,304	7,110	6,132
Tangible Book Value Per Share	6.80	6.97	6.79	5.02	4.33
Buildings	1,533	1,517	1,480	1,010	979.2
Machinery	12,880	10,847	9,539	6,770	5,925
Construction In Progress	1,650	1,807	1,497	1,546	649.49

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