SHA:600477 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	345.31	446.8	767.22	774.32	552.88
Trading Asset Securities	-	0.37	-	-	-
Cash & Short-Term Investments	345.31	447.16	767.22	774.32	552.88
Cash Growth	-22.78%	-41.72%	-0.92%	40.05%	-7.05%
Accounts Receivable	7,920	9,181	9,248	7,819	6,231
Other Receivables	103.04	131.79	58.59	78.65	104.3
Receivables	8,023	9,313	9,307	7,897	6,335
Inventory	485.06	640.86	711.73	796.03	864.72
Other Current Assets	156.7	331.21	299.57	246.59	530.89
Total Current Assets	9,010	10,732	11,085	9,714	8,284
Property, Plant & Equipment	3,362	3,507	3,018	2,232	1,607
Long-Term Investments	473.55	542.88	630.06	739.88	889.71
Other Intangible Assets	763.27	768.26	791.13	570.18	405.35
Long-Term Accounts Receivable	79	93.51	53.32	-	-
Long-Term Deferred Tax Assets	521	477.85	386.85	307.96	233.53
Long-Term Deferred Charges	32.05	40.83	57.29	36.77	31.04
Other Long-Term Assets	372.98	376.68	396.49	330.43	303.58
Total Assets	14,613	16,539	16,418	13,931	11,754
Accounts Payable	3,166	4,078	4,126	3,224	3,303
Accrued Expenses	214.39	207.19	203.39	148.78	84.45
Short-Term Debt	3,544	3,996	3,743	2,939	2,317
Current Portion of Long-Term Debt	589.05	287.95	116.81	127.72	35.27
Current Portion of Leases	0.66	0.81	1.83	0.57	0.54
Current Income Taxes Payable	47.37	98.37	107.14	50.5	103.47
Current Unearned Revenue	271.04	305.53	424.31	790.67	398.36
Other Current Liabilities	448.05	558.46	534.37	518.13	426.06
Total Current Liabilities	8,280	9,532	9,258	7,799	6,668
Long-Term Debt	824.94	1,333	1,354	486.15	311.3
Long-Term Leases	9.34	10	11.99	11.84	11.97
Long-Term Unearned Revenue	203.8	206.69	209.37	118.58	54.54
Long-Term Deferred Tax Liabilities	7.07	8.75	13.49	8.07	4.97
Other Long-Term Liabilities	2.48	22.96	11.91	59.99	67.99
Total Liabilities	9,328	11,113	10,858	8,484	7,119
Common Stock	2,369	2,369	2,369	2,369	2,154
Additional Paid-In Capital	730.6	741.53	742.13	746.86	140.02
Retained Earnings	2,235	2,262	2,293	2,082	1,958
Treasury Stock	-36.48	-36.48	-36.66	-36.66	-0.18
Comprehensive Income & Other	-328.35	-260.21	-186.55	-89.02	50.2
Total Common Equity	4,969	5,076	5,182	5,073	4,302
Minority Interest	316.4	350.06	378.22	374.92	332.81
Shareholders' Equity	5,286	5,426	5,560	5,448	4,635
Total Liabilities & Equity	14,613	16,539	16,418	13,931	11,754
Total Debt	4,968	5,628	5,228	3,565	2,676
Net Cash (Debt)	-4,622	-5,181	-4,461	-2,791	-2,123
Net Cash Per Share	-1.95	-2.18	-1.90	-1.29	-0.99
Filing Date Shares Outstanding	2,359	2,359	2,359	2,359	2,154
Total Common Shares Outstanding	2,359	2,359	2,359	2,359	2,154
Working Capital	730.1	1,201	1,828	1,915	1,616
Book Value Per Share	2.11	2.15	2.20	2.15	2.00
Tangible Book Value	4,206	4,307	4,390	4,503	3,897
Tangible Book Value Per Share	1.78	1.83	1.86	1.91	1.81
Buildings	3,305	3,117	2,213	1,997	1,674
Machinery	1,355	1,196	965.68	724.06	589.5
Construction In Progress	251.89	511	1,033	575.04	255.41

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