SHA:600581 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	783.74	1,102	1,394	1,695	1,826	1,206
Cash & Short-Term Investments	783.74	1,102	1,394	1,695	1,826	1,206
Cash Growth	-45.75%	-20.94%	-17.73%	-7.20%	51.41%	-52.05%
Accounts Receivable	1,168	829.73	1,360	1,194	911.27	1,743
Other Receivables	114.77	105.54	76.71	43.06	29.61	25.08
Receivables	1,283	935.27	1,437	1,237	940.88	1,768
Inventory	2,758	1,894	2,052	2,231	3,389	4,467
Other Current Assets	444.92	474.98	1,114	1,126	1,289	1,907
Total Current Assets	5,270	4,407	5,997	6,290	7,446	9,349
Property, Plant & Equipment	19,840	20,126	20,340	19,870	19,574	19,625
Long-Term Investments	330.85	336.21	382.43	429.57	299.28	282.37
Other Intangible Assets	1,622	1,582	1,182	1,193	1,179	1,108
Long-Term Deferred Tax Assets	1,019	990.82	928.57	585.31	410.62	93.73
Long-Term Deferred Charges	18.31	20.28	312.58	219.47	127.97	37.98
Other Long-Term Assets	476.76	513.39	668.42	667.94	668.93	674.88
Total Assets	28,575	27,976	29,811	29,255	29,706	31,171
Accounts Payable	12,565	13,133	13,700	12,128	10,376	11,512
Accrued Expenses	177.53	198.73	155.6	223.57	179.79	197.06
Short-Term Debt	5,950	6,465	6,237	6,609	7,041	6,249
Current Portion of Long-Term Debt	2,063	1,068	780.4	507.01	128.48	692
Current Portion of Leases	-	51.65	49.5	46	44.08	139.48
Current Income Taxes Payable	54.79	0.02	0.9	-	0	0.55
Current Unearned Revenue	2,049	884.34	942.57	765.38	2,376	1,600
Other Current Liabilities	1,635	1,315	1,387	1,350	2,044	2,230
Total Current Liabilities	24,495	23,115	23,253	21,629	22,190	22,620
Long-Term Debt	1,353	1,742	1,458	933.14	657.1	210.82
Long-Term Leases	2,088	4,086	4,453	4,320	3,048	2,877
Long-Term Unearned Revenue	512.03	513.38	408.18	266.93	223.77	138.98
Pension & Post-Retirement Benefits	-	161.99	178.91	178.04	194.53	204.03
Long-Term Deferred Tax Liabilities	0.43	0.77	54.86	48.7	51.78	55.77
Other Long-Term Liabilities	2,171	85.23	-112.2	34.19	343.45	669.67
Total Liabilities	30,620	29,705	29,694	27,410	26,708	26,776
Common Stock	1,533	1,533	1,539	1,545	1,554	1,533
Additional Paid-In Capital	2,575	2,575	2,588	2,607	2,626	2,572
Retained Earnings	-6,324	-5,997	-4,118	-2,357	-1,194	161.93
Treasury Stock	-	-	-21.14	-40.42	-68.52	-
Comprehensive Income & Other	111.81	98.9	66.94	30.24	14.6	0.98
Total Common Equity	-2,104	-1,790	54.14	1,784	2,932	4,268
Minority Interest	59.67	61.39	62.31	60.59	66.64	126.61
Shareholders' Equity	-2,044	-1,729	116.45	1,845	2,998	4,395
Total Liabilities & Equity	28,575	27,976	29,811	29,255	29,706	31,171
Total Debt	11,455	13,413	12,978	12,415	10,918	10,168
Net Cash (Debt)	-10,671	-12,310	-11,584	-10,720	-9,092	-8,962
Net Cash Per Share	-6.95	-8.01	-7.50	-7.01	-5.85	-5.85
Filing Date Shares Outstanding	1,535	1,533	1,533	1,533	1,533	1,533
Total Common Shares Outstanding	1,535	1,533	1,533	1,533	1,533	1,533
Working Capital	-19,226	-18,708	-17,256	-15,340	-14,744	-13,271
Book Value Per Share	-1.37	-1.17	0.04	1.16	1.91	2.78
Tangible Book Value	-3,726	-3,372	-1,128	591.62	1,752	3,160
Tangible Book Value Per Share	-2.43	-2.20	-0.74	0.39	1.14	2.06
Buildings	-	13,494	12,939	12,213	12,223	12,189
Machinery	-	21,008	19,938	19,148	18,371	19,588
Construction In Progress	-	541.9	1,213	1,397	904.53	345.74

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