SHA:600644 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	470.1	301.94	278.06	115.47	195.59
Accounts Receivable	313.75	303.54	178.08	191.27	144.05
Other Receivables	43.33	45.5	68.82	125.73	23.94
Inventory	49.29	45.31	43.41	44.19	51.99
Loans Receivable Current	-	-	-	-	27.78
Other Current Assets	100.64	65.79	33.58	59.39	42.81
Total Current Assets	977.11	762.07	601.95	536.05	486.16
Property, Plant & Equipment	2,748	2,629	2,580	2,608	2,597
Goodwill	6.8	6.8	6.8	6.8	6.8
Other Intangible Assets	277.8	222.04	212.64	208.48	216.55
Long-Term Investments	627.41	602.6	572.7	554.36	532.93
Long-Term Deferred Tax Assets	9.23	10.7	17.12	25.59	32.69
Long-Term Deferred Charges	50.86	39.63	39.88	42.83	41.19
Other Long-Term Assets	80.33	127.47	107.6	84.75	85.57
Total Assets	4,778	4,400	4,139	4,066	3,999
Accounts Payable	442.55	312.94	233.22	190.01	216.74
Accrued Expenses	246.59	294.42	276.3	282.8	299.87
Short-Term Debt	374.89	313.2	127.2	376	385.3
Current Portion of Long-Term Debt	314.19	32.22	15.23	32.03	27.19
Current Unearned Revenue	327.67	298.41	287.25	334.92	317.7
Current Portion of Leases	-	3.1	0.96	1.09	1.15
Current Income Taxes Payable	53.86	3.18	1.28	10.31	5.24
Other Current Liabilities	151.17	150.3	105.19	107.61	105.43
Total Current Liabilities	1,911	1,408	1,047	1,335	1,359
Long-Term Debt	174.88	786.36	936.25	601.04	594.75
Long-Term Leases	3.17	2.66	2.23	1.2	1.96
Long-Term Unearned Revenue	61.18	64.32	62.83	65.07	63.83
Long-Term Deferred Tax Liabilities	0.06	0.09	0.12	0.16	0.19
Other Long-Term Liabilities	294.55	33.8	38.8	38.8	38.8
Total Liabilities	2,445	2,295	2,087	2,041	2,058
Common Stock	578.32	538.4	538.4	538.4	538.4
Additional Paid-In Capital	1,151	1,398	1,398	1,398	1,398
Retained Earnings	333.54	-98.67	-121.24	-145.54	-216.12
Comprehensive Income & Other	6.61	4.62	2.25	-	-
Total Common Equity	2,069	1,842	1,817	1,790	1,720
Minority Interest	264.24	263.19	235.06	235	221.16
Shareholders' Equity	2,333	2,105	2,052	2,025	1,941
Total Liabilities & Equity	4,778	4,400	4,139	4,066	3,999
Total Debt	867.14	1,138	1,082	1,011	1,010
Net Cash (Debt)	-397.04	-835.6	-803.82	-895.89	-814.75
Net Cash Per Share	-0.69	-1.55	-1.49	-1.66	-1.51
Filing Date Shares Outstanding	578.32	538.4	538.4	538.4	538.4
Total Common Shares Outstanding	578.32	538.4	538.4	538.4	538.4
Working Capital	-933.82	-645.7	-444.68	-798.72	-872.46
Book Value Per Share	3.58	3.42	3.37	3.33	3.19
Tangible Book Value	1,784	1,613	1,598	1,575	1,497
Tangible Book Value Per Share	3.09	3.00	2.97	2.93	2.78
Buildings	-	1,222	1,141	1,141	1,135
Machinery	-	3,160	3,010	2,867	2,700
Construction In Progress	-	218.85	247.38	278.71	305.8

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.