SHA:600651 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	1,411	1,198	1,128	1,076	1,517	2,001
Trading Asset Securities	-	-	-	2.4	2.59	2.26
Cash & Short-Term Investments	1,411	1,198	1,128	1,078	1,520	2,003
Cash Growth	24.61%	6.18%	4.68%	-29.08%	-24.13%	14.32%
Accounts Receivable	628.21	759.72	858.22	853.4	835.78	1,412
Other Receivables	76.68	9.03	9.52	10.72	12.47	83.16
Receivables	704.89	768.75	867.75	864.12	848.26	1,495
Inventory	405.22	378.68	453.72	508.5	533.81	1,144
Prepaid Expenses	-	-	-	-	-	3.76
Other Current Assets	34.78	117.08	38.66	43.36	46.48	126.19
Total Current Assets	2,556	2,463	2,489	2,494	2,949	4,773
Property, Plant & Equipment	779.06	792.46	834.7	862.67	715.42	1,305
Long-Term Investments	521.76	587.43	672.26	659.57	638.5	599.68
Other Intangible Assets	211.47	214.95	224.46	233.96	240.82	577.73
Long-Term Accounts Receivable	-	-	-	0.42	0.42	150.86
Long-Term Deferred Tax Assets	28.34	30.46	36.72	37.89	37.24	57.68
Long-Term Deferred Charges	22.06	19.35	23.69	25.4	30.33	67.67
Other Long-Term Assets	11.23	11.09	6.17	4.09	138.53	164.58
Total Assets	4,130	4,118	4,287	4,318	4,750	7,696

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	324.63	321.65	446.9	454.09	420.86	1,073
Accrued Expenses	45.03	83.21	86.61	86.06	96.79	368.13
Short-Term Debt	243.34	243.86	249.56	246.25	112.14	322.39
Current Portion of Long-Term Debt	34	476.17	4.49	4.55	18.93	1,884
Current Portion of Leases	7.24	8.11	11.25	7.74	7.5	40.19
Current Income Taxes Payable	3.89	2.59	3.74	3.44	10.04	22.71
Current Unearned Revenue	95.99	66.78	117.1	128.38	138	177.6
Other Current Liabilities	104.56	91.78	106	141.62	264.27	551.57
Total Current Liabilities	858.67	1,294	1,026	1,072	1,069	4,439
Long-Term Debt	593.9	153.9	629.65	633.65	1,080	495.04
Long-Term Leases	2.21	1.64	9.73	14.44	12.59	70.2
Long-Term Unearned Revenue	40.55	37.63	43.1	50.88	58.54	86.91
Pension & Post-Retirement Benefits	18.23	18.89	23.12	24.3	24.61	129.36
Long-Term Deferred Tax Liabilities	1.61	1.83	5.28	4	4.64	103.43
Other Long-Term Liabilities	22.35	22.35	22.35	22.35	22.35	66.73
Total Liabilities	1,538	1,530	1,759	1,822	2,271	5,391

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	2,507	2,507	2,507	2,507	2,507	2,507
Additional Paid-In Capital	3,470	3,470	3,470	3,470	3,470	3,482
Retained Earnings	-3,455	-3,457	-3,512	-3,551	-3,589	-3,922
Comprehensive Income & Other	-3.89	-3.82	-7.87	-7.77	-6.31	104.99
Total Common Equity	2,518	2,517	2,457	2,418	2,381	2,172
Minority Interest	74.35	71.57	70.3	78.48	97.24	133.2
Shareholders' Equity	2,593	2,588	2,528	2,496	2,479	2,305
Total Liabilities & Equity	4,130	4,118	4,287	4,318	4,750	7,696

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	880.69	883.68	904.68	906.62	1,231	2,812
Net Cash (Debt)	530.69	314.53	223.78	171.37	288.87	-808.46
Net Cash Growth	119.95%	40.55%	30.58%	-40.68%	-	-
Net Cash Per Share	0.25	0.13	0.09	0.07	0.11	-0.32
Filing Date Shares Outstanding	2,507	2,507	2,507	2,507	2,507	2,507
Total Common Shares Outstanding	2,507	2,507	2,507	2,507	2,507	2,507
Working Capital	1,698	1,169	1,463	1,422	1,880	333.74
Book Value Per Share	1.00	1.00	0.98	0.96	0.95	0.87
Tangible Book Value	2,307	2,302	2,233	2,184	2,141	1,594
Tangible Book Value Per Share	0.92	0.92	0.89	0.87	0.85	0.64
Land	-	-	-	-	-	132.82
Buildings	663.71	663.71	663.71	663.69	283.32	970.7
Machinery	1,084	1,064	1,040	998.63	942.16	1,756
Construction In Progress	14.58	17.14	10.31	11.34	212.86	260.77