SHA:600477 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	374.04	345.31	446.8	767.22	774.32	552.88
Trading Asset Securities	-	-	0.37	-	-	-
Cash & Short-Term Investments	374.04	345.31	447.16	767.22	774.32	552.88
Cash Growth	-32.31%	-22.78%	-41.72%	-0.92%	40.05%	-7.05%
Accounts Receivable	6,749	7,920	9,181	9,248	7,819	6,231
Other Receivables	102.97	103.04	131.79	58.59	78.65	104.3
Receivables	6,852	8,023	9,313	9,307	7,897	6,335
Inventory	524.72	485.06	640.86	711.73	796.03	864.72
Other Current Assets	217.59	156.7	331.21	299.57	246.59	530.89
Total Current Assets	7,969	9,010	10,732	11,085	9,714	8,284
Property, Plant & Equipment	3,318	3,362	3,507	3,018	2,232	1,607
Long-Term Investments	473.06	473.55	542.88	630.06	739.88	889.71
Other Intangible Assets	758.24	763.27	768.26	791.13	570.18	405.35
Long-Term Accounts Receivable	-	79	93.51	53.32	-	-
Long-Term Deferred Tax Assets	523.64	521	477.85	386.85	307.96	233.53
Long-Term Deferred Charges	15.15	32.05	40.83	57.29	36.77	31.04
Other Long-Term Assets	412.66	372.98	376.68	396.49	330.43	303.58
Total Assets	13,470	14,613	16,539	16,418	13,931	11,754
Accounts Payable	2,792	3,166	4,078	4,126	3,224	3,303
Accrued Expenses	149.34	214.39	207.19	203.39	148.78	84.45
Short-Term Debt	2,897	3,544	3,996	3,743	2,939	2,317
Current Portion of Long-Term Debt	419.84	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	72.86	47.37	98.37	107.14	50.5	103.47
Current Unearned Revenue	255.06	271.04	305.53	424.31	790.67	398.36
Other Current Liabilities	436.97	448.05	558.46	534.37	518.13	426.06
Total Current Liabilities	7,024	8,280	9,532	9,258	7,799	6,668
Long-Term Debt	959.83	824.94	1,333	1,354	486.15	311.3
Long-Term Leases	8.98	9.34	10	11.99	11.84	11.97
Long-Term Unearned Revenue	203.48	203.8	206.69	209.37	118.58	54.54
Long-Term Deferred Tax Liabilities	6.06	7.07	8.75	13.49	8.07	4.97
Other Long-Term Liabilities	0.89	2.48	22.96	11.91	59.99	67.99
Total Liabilities	8,203	9,328	11,113	10,858	8,484	7,119
Common Stock	2,359	2,369	2,369	2,369	2,369	2,154
Additional Paid-In Capital	702.6	730.6	741.53	742.13	746.86	140.02
Retained Earnings	2,257	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	-328.64	-328.35	-260.21	-186.55	-89.02	50.2
Total Common Equity	4,990	4,969	5,076	5,182	5,073	4,302
Minority Interest	277.22	316.4	350.06	378.22	374.92	332.81
Shareholders' Equity	5,267	5,286	5,426	5,560	5,448	4,635
Total Liabilities & Equity	13,470	14,613	16,539	16,418	13,931	11,754
Total Debt	4,286	4,968	5,628	5,228	3,565	2,676
Net Cash (Debt)	-3,912	-4,622	-5,181	-4,461	-2,791	-2,123
Net Cash Per Share	-1.63	-1.95	-2.18	-1.90	-1.29	-0.99
Filing Date Shares Outstanding	2,433	2,359	2,359	2,359	2,359	2,154
Total Common Shares Outstanding	2,433	2,359	2,359	2,359	2,359	2,154
Working Capital	945.1	730.1	1,201	1,828	1,915	1,616
Book Value Per Share	2.05	2.11	2.15	2.20	2.15	2.00
Tangible Book Value	4,231	4,206	4,307	4,390	4,503	3,897
Tangible Book Value Per Share	1.74	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.