SHA:600651 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	1,198	1,128	1,076	1,517	2,001
Trading Asset Securities	-	-	2.4	2.59	2.26
Cash & Short-Term Investments	1,198	1,128	1,078	1,520	2,003
Cash Growth	6.18%	4.68%	-29.08%	-24.13%	14.32%
Accounts Receivable	759.72	858.22	853.4	835.78	1,412
Other Receivables	9.03	9.52	10.72	12.47	83.16
Receivables	768.75	867.75	864.12	848.26	1,495
Inventory	378.68	453.72	508.5	533.81	1,144
Prepaid Expenses	-	-	-	-	3.76
Other Current Assets	117.08	38.66	43.36	46.48	126.19
Total Current Assets	2,463	2,489	2,494	2,949	4,773
Property, Plant & Equipment	792.46	834.7	862.67	715.42	1,305
Long-Term Investments	587.43	672.26	659.57	638.5	599.68
Other Intangible Assets	214.95	224.46	233.96	240.82	577.73
Long-Term Accounts Receivable	-	0.27	0.42	0.42	150.86
Long-Term Deferred Tax Assets	30.46	36.72	37.89	37.24	57.68
Long-Term Deferred Charges	19.35	23.69	25.4	30.33	67.67
Other Long-Term Assets	11.09	5.9	4.09	138.53	164.58
Total Assets	4,118	4,287	4,318	4,750	7,696
Accounts Payable	321.65	446.9	454.09	420.86	1,073
Accrued Expenses	67.15	86.61	86.06	96.79	368.13
Short-Term Debt	243.86	249.56	246.25	112.14	322.39
Current Portion of Long-Term Debt	484.28	4.49	4.55	18.93	1,884
Current Portion of Leases	-	11.25	7.74	7.5	40.19
Current Income Taxes Payable	14.21	3.74	3.44	10.04	22.71
Current Unearned Revenue	66.78	117.1	128.38	138	177.6
Other Current Liabilities	96.22	106	141.62	264.27	551.57
Total Current Liabilities	1,294	1,026	1,072	1,069	4,439
Long-Term Debt	153.9	629.65	633.65	1,080	495.04
Long-Term Leases	1.64	9.73	14.44	12.59	70.2
Long-Term Unearned Revenue	37.63	43.1	50.88	58.54	86.91
Pension & Post-Retirement Benefits	-	23.12	24.3	24.61	129.36
Long-Term Deferred Tax Liabilities	1.83	5.28	4	4.64	103.43
Other Long-Term Liabilities	41.23	22.35	22.35	22.35	66.73
Total Liabilities	1,530	1,759	1,822	2,271	5,391
Common Stock	2,507	2,507	2,507	2,507	2,507
Additional Paid-In Capital	3,470	3,470	3,470	3,470	3,482
Retained Earnings	-3,457	-3,512	-3,551	-3,589	-3,922
Comprehensive Income & Other	-3.82	-7.87	-7.77	-6.31	104.99
Total Common Equity	2,517	2,457	2,418	2,381	2,172
Minority Interest	71.57	70.3	78.48	97.24	133.2
Shareholders' Equity	2,588	2,528	2,496	2,479	2,305
Total Liabilities & Equity	4,118	4,287	4,318	4,750	7,696
Total Debt	883.68	904.68	906.62	1,231	2,812
Net Cash (Debt)	314.53	223.78	171.37	288.87	-808.46
Net Cash Growth	40.55%	30.58%	-40.68%	-	-
Net Cash Per Share	0.13	0.09	0.07	0.11	-0.32
Filing Date Shares Outstanding	2,400	2,507	2,507	2,507	2,507
Total Common Shares Outstanding	2,400	2,507	2,507	2,507	2,507
Working Capital	1,169	1,463	1,422	1,880	333.74
Book Value Per Share	1.05	0.98	0.96	0.95	0.87
Tangible Book Value	2,302	2,233	2,184	2,141	1,594
Tangible Book Value Per Share	0.96	0.89	0.87	0.85	0.64
Land	-	-	-	-	132.82
Buildings	-	663.71	663.69	283.32	970.7
Machinery	-	1,040	998.63	942.16	1,756
Construction In Progress	-	10.31	11.34	212.86	260.77

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