SHA:600523 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	378.97	475.42	526.96	542.1	633.38
Cash & Short-Term Investments	378.97	475.42	526.96	542.1	633.38
Cash Growth	-20.29%	-9.78%	-2.79%	-14.41%	4.85%
Accounts Receivable	1,243	1,457	1,141	792.33	876.69
Other Receivables	3.5	5.97	17.37	89.87	14.67
Receivables	1,247	1,463	1,158	882.2	891.36
Inventory	509.64	387.48	414.08	399.6	398.13
Other Current Assets	26.28	28.4	25.69	31.14	44.2
Total Current Assets	2,161	2,355	2,125	1,855	1,967
Property, Plant & Equipment	759.21	726.6	635.79	583.27	718.65
Long-Term Investments	976.87	907.61	871.36	822.37	328.09
Goodwill	0.46	0.46	0.46	0.46	0.46
Other Intangible Assets	83.71	88.11	91.28	93.46	113.41
Long-Term Deferred Tax Assets	22.48	8.45	8.34	10.4	9.55
Long-Term Deferred Charges	36.86	26.25	27.69	23.19	32.67
Other Long-Term Assets	71.18	65.32	74.74	60.8	151.06
Total Assets	4,112	4,178	3,835	3,449	3,321
Accounts Payable	633.64	643.56	505.51	275.95	134.95
Accrued Expenses	27.21	65.4	50.44	28.13	20.57
Short-Term Debt	-	50	7.41	6.44	-
Current Portion of Leases	2.54	1.52	1.47	1.39	0.81
Current Income Taxes Payable	1.28	1.15	0.95	2.69	1.26
Current Unearned Revenue	41.26	97.8	100.06	84.87	209.73
Other Current Liabilities	59.14	119.02	118.57	124.68	104.54
Total Current Liabilities	765.07	978.45	784.41	524.16	471.86
Long-Term Debt	23.03	11.97	8.85	3.86	6.61
Long-Term Leases	7.15	3.94	2.6	3.17	3.59
Long-Term Unearned Revenue	41.42	42.83	23.15	19.6	12.95
Long-Term Deferred Tax Liabilities	-	-	2.29	3.71	5.46
Other Long-Term Liabilities	4.66	9.49	8.49	8.49	-
Total Liabilities	841.32	1,047	829.79	562.98	500.46
Common Stock	404.31	404.31	404.31	404.31	404.31
Additional Paid-In Capital	870.85	870.85	870.85	870.85	850.3
Retained Earnings	1,921	1,782	1,654	1,535	1,467
Comprehensive Income & Other	9.55	9.16	7.83	8.21	5.68
Total Common Equity	3,206	3,066	2,937	2,818	2,727
Minority Interest	64.99	64.6	67.59	67.53	93.51
Shareholders' Equity	3,271	3,131	3,005	2,886	2,820
Total Liabilities & Equity	4,112	4,178	3,835	3,449	3,321
Total Debt	32.72	67.43	20.33	14.86	11
Net Cash (Debt)	346.25	407.99	506.63	527.24	622.38
Net Cash Growth	-15.13%	-19.47%	-3.91%	-15.29%	4.09%
Net Cash Per Share	0.86	1.01	1.27	1.29	1.55
Filing Date Shares Outstanding	404.31	404.31	404.31	404.31	404.31
Total Common Shares Outstanding	404.31	404.31	404.31	404.31	404.31
Working Capital	1,396	1,376	1,341	1,331	1,495
Book Value Per Share	7.93	7.58	7.26	6.97	6.74
Tangible Book Value	3,122	2,978	2,845	2,725	2,613
Tangible Book Value Per Share	7.72	7.36	7.04	6.74	6.46
Buildings	445.79	320.22	284.94	287	349.47
Machinery	1,191	1,126	1,064	985.78	1,306
Construction In Progress	32.59	142.34	84.29	54.77	50.16

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