SHA:600575 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	2,685	5,004	2,499	2,521	2,027
Short-Term Investments	-	20.05	-	101.12	50.16
Cash & Short-Term Investments	2,685	5,024	2,499	2,622	2,077
Cash Growth	-46.56%	101.03%	-4.69%	26.25%	38.21%
Accounts Receivable	3,057	3,036	2,115	1,735	2,108
Other Receivables	246.62	817.13	46.82	16.69	27.23
Receivables	3,304	3,853	2,162	1,752	2,135
Inventory	967.78	980.83	1,037	697.58	478.32
Other Current Assets	1,451	859.02	664.5	327.99	267.09
Total Current Assets	8,407	10,716	6,363	5,399	4,957
Property, Plant & Equipment	28,478	23,591	10,840	10,945	7,490
Long-Term Investments	8,017	7,726	3,494	3,442	3,290
Goodwill	353.6	353.6	84.23	84.23	84.23
Other Intangible Assets	2,986	2,432	1,856	1,894	1,772
Long-Term Deferred Tax Assets	115.8	95.27	168.42	156.87	60.54
Long-Term Deferred Charges	1,386	1,219	364.17	263.68	375.17
Other Long-Term Assets	819.63	480.53	334.03	356.17	392.06
Total Assets	50,563	46,803	23,505	22,541	18,421
Accounts Payable	1,412	2,014	1,085	1,103	1,086
Accrued Expenses	635.16	543.86	192.8	234.08	208.29
Short-Term Debt	2,822	2,051	1,385	1,325	1,645
Current Portion of Long-Term Debt	1,705	1,500	797.5	539.81	343.14
Current Portion of Leases	129.83	401	-	-	0.04
Current Income Taxes Payable	86.08	96.35	62.21	0.64	62.33
Current Unearned Revenue	367.7	324.26	214.61	136.92	125.62
Other Current Liabilities	3,585	2,326	2,719	3,215	1,190
Total Current Liabilities	10,742	9,257	6,457	6,554	4,660
Long-Term Debt	13,021	9,125	3,732	3,463	1,673
Long-Term Leases	169.89	413.49	-	-	0.26
Long-Term Unearned Revenue	69.73	50.84	17.19	20.02	2.9
Long-Term Deferred Tax Liabilities	229.42	267.15	108.59	89.13	-
Other Long-Term Liabilities	627.43	656	841.54	659.74	811.83
Total Liabilities	24,860	19,769	11,157	10,787	7,148
Common Stock	7,167	3,886	3,886	3,886	3,886
Additional Paid-In Capital	7,509	12,529	4,812	5,072	5,004
Retained Earnings	7,209	5,512	2,296	1,456	1,169
Treasury Stock	-	-	-112.15	-199.87	-199.87
Comprehensive Income & Other	91	58.77	19.39	5.32	5.32
Total Common Equity	21,976	21,986	10,901	10,220	9,865
Minority Interest	3,728	5,049	1,447	1,535	1,408
Shareholders' Equity	25,704	27,035	12,348	11,754	11,273
Total Liabilities & Equity	50,563	46,803	23,505	22,541	18,421
Total Debt	17,847	13,490	5,915	5,328	3,661
Net Cash (Debt)	-15,162	-8,466	-3,416	-2,706	-1,584
Net Cash Per Share	-2.14	-1.18	-0.90	-0.67	-0.40
Filing Date Shares Outstanding	7,167	3,886	3,849	3,798	3,798
Total Common Shares Outstanding	7,167	3,886	3,837	3,798	3,798
Working Capital	-2,335	1,460	-93.9	-1,155	297.41
Book Value Per Share	3.07	5.66	2.84	2.69	2.60
Tangible Book Value	18,636	19,200	8,961	8,242	8,008
Tangible Book Value Per Share	2.60	4.94	2.34	2.17	2.11
Buildings	14,916	12,870	7,218	6,317	6,499
Machinery	29,947	26,103	12,957	11,667	9,984
Construction In Progress	7,680	8,276	1,119	3,088	558.83

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