SHA:600581 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	1,102	1,394	1,695	1,826	1,206
Cash & Short-Term Investments	1,102	1,394	1,695	1,826	1,206
Cash Growth	-20.94%	-17.73%	-7.20%	51.41%	-52.05%
Accounts Receivable	829.73	1,360	1,194	911.27	1,743
Other Receivables	105.54	76.71	43.06	29.61	25.08
Receivables	935.27	1,437	1,237	940.88	1,768
Inventory	1,894	2,052	2,231	3,389	4,467
Other Current Assets	474.98	1,114	1,126	1,289	1,907
Total Current Assets	4,407	5,997	6,290	7,446	9,349
Property, Plant & Equipment	20,126	20,340	19,870	19,574	19,625
Long-Term Investments	336.21	382.43	429.57	299.28	282.37
Other Intangible Assets	1,582	1,182	1,193	1,179	1,108
Long-Term Deferred Tax Assets	990.82	928.57	585.31	410.62	93.73
Long-Term Deferred Charges	20.28	312.58	219.47	127.97	37.98
Other Long-Term Assets	513.39	668.42	667.94	668.93	674.88
Total Assets	27,976	29,811	29,255	29,706	31,171
Accounts Payable	13,133	13,700	12,128	10,376	11,512
Accrued Expenses	198.73	155.6	223.57	179.79	197.06
Short-Term Debt	6,465	6,237	6,609	7,041	6,249
Current Portion of Long-Term Debt	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	0.02	0.9	-	0	0.55
Current Unearned Revenue	884.34	942.57	765.38	2,376	1,600
Other Current Liabilities	1,315	1,387	1,350	2,044	2,230
Total Current Liabilities	23,115	23,253	21,629	22,190	22,620
Long-Term Debt	1,742	1,458	933.14	657.1	210.82
Long-Term Leases	4,086	4,453	4,320	3,048	2,877
Long-Term Unearned Revenue	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	0.77	54.86	48.7	51.78	55.77
Other Long-Term Liabilities	85.23	-112.2	34.19	343.45	669.67
Total Liabilities	29,705	29,694	27,410	26,708	26,776
Common Stock	1,533	1,539	1,545	1,554	1,533
Additional Paid-In Capital	2,575	2,588	2,607	2,626	2,572
Retained Earnings	-5,997	-4,118	-2,357	-1,194	161.93
Treasury Stock	-	-21.14	-40.42	-68.52	-
Comprehensive Income & Other	98.9	66.94	30.24	14.6	0.98
Total Common Equity	-1,790	54.14	1,784	2,932	4,268
Minority Interest	61.39	62.31	60.59	66.64	126.61
Shareholders' Equity	-1,729	116.45	1,845	2,998	4,395
Total Liabilities & Equity	27,976	29,811	29,255	29,706	31,171
Total Debt	13,413	12,978	12,415	10,918	10,168
Net Cash (Debt)	-12,310	-11,584	-10,720	-9,092	-8,962
Net Cash Per Share	-8.01	-7.50	-7.01	-5.85	-5.85
Filing Date Shares Outstanding	1,533	1,533	1,533	1,533	1,533
Total Common Shares Outstanding	1,533	1,533	1,533	1,533	1,533
Working Capital	-18,708	-17,256	-15,340	-14,744	-13,271
Book Value Per Share	-1.17	0.04	1.16	1.91	2.78
Tangible Book Value	-3,372	-1,128	591.62	1,752	3,160
Tangible Book Value Per Share	-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.