SHA:600727 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	2,658	2,536	2,507	2,482	1,992	935.52
Trading Asset Securities	201	14	42	-	200.66	171.45
Cash & Short-Term Investments	2,859	2,550	2,549	2,482	2,193	1,107
Cash Growth	3.82%	0.07%	2.69%	13.18%	98.11%	-23.24%
Accounts Receivable	691.75	803.35	941.51	841.51	271.85	288.58
Other Receivables	17.76	1.32	26.6	86.46	12.26	11.9
Receivables	709.51	804.66	968.12	927.97	284.1	300.47
Inventory	668.12	657.43	742.54	686.24	721.31	616.72
Prepaid Expenses	-	5.66	0.04	-	0.04	0.28
Other Current Assets	307.53	267.37	205.97	120.5	241.72	321.96
Total Current Assets	4,544	4,285	4,465	4,217	3,440	2,346
Property, Plant & Equipment	3,898	3,747	3,449	3,517	3,508	3,418
Long-Term Investments	29.72	29.72	62.46	30.46	29.3	28.24
Goodwill	173.61	173.61	173.61	173.61	173.61	173.61
Other Intangible Assets	629.63	618.46	571.65	500.38	426.03	165.68
Long-Term Deferred Tax Assets	28.28	33.05	24.95	46.27	37.19	7.71
Long-Term Deferred Charges	0.33	0.35	0.39	0.43	5.87	3.8
Other Long-Term Assets	10.05	10.14	8.07	32.41	25	25
Total Assets	9,314	8,898	8,755	8,517	7,645	6,168
Accounts Payable	811.33	684.95	1,146	1,377	3,261	1,941
Accrued Expenses	106.06	195.89	220.27	169.08	162.14	140.83
Short-Term Debt	2,786	2,771	2,613	2,502	263	-
Current Portion of Long-Term Debt	194.05	211.73	20.33	120.11	69.5	50
Current Portion of Leases	-	8.21	35.68	64.3	61.11	58.08
Current Income Taxes Payable	72.71	15.44	25.14	20.73	20.58	33.87
Current Unearned Revenue	381.72	196.64	170.87	187.98	177.68	204.1
Other Current Liabilities	352.22	510.23	489.36	586.12	83.06	87.51
Total Current Liabilities	4,704	4,594	4,721	5,027	4,098	2,515
Long-Term Debt	855.42	624.78	350	-	120	50
Long-Term Leases	54.81	46.94	42.16	101.98	166.67	228.15
Long-Term Unearned Revenue	2.6	2.78	3.5	4.22	8	8.72
Long-Term Deferred Tax Liabilities	66.39	66.95	58.17	73.72	55.37	47.55
Other Long-Term Liabilities	-	-	-	-	-	27.15
Total Liabilities	5,684	5,336	5,175	5,207	4,448	2,877
Common Stock	528.58	528.58	528.58	528.58	528.58	528.58
Additional Paid-In Capital	1,558	1,558	1,558	1,558	1,558	1,558
Retained Earnings	1,124	1,066	1,054	872.71	770.3	911.46
Comprehensive Income & Other	43.03	44.65	38.79	31.73	33.24	26.47
Total Common Equity	3,254	3,198	3,180	2,991	2,890	3,025
Minority Interest	376.78	364.99	400.16	318.57	306.37	266.77
Shareholders' Equity	3,630	3,563	3,580	3,310	3,197	3,291
Total Liabilities & Equity	9,314	8,898	8,755	8,517	7,645	6,168
Total Debt	3,891	3,663	3,061	2,789	680.28	386.23
Net Cash (Debt)	-1,031	-1,112	-512.82	-306.85	1,513	720.74
Net Cash Growth	-	-	-	-	109.89%	-36.50%
Net Cash Per Share	-1.89	-2.03	-0.96	-0.57	2.91	1.36
Filing Date Shares Outstanding	514.14	528.58	528.58	528.58	528.58	528.58
Total Common Shares Outstanding	514.14	528.58	528.58	528.58	528.58	528.58
Working Capital	-159.88	-308.64	-256	-810.7	-658.25	-169.03
Book Value Per Share	6.33	6.05	6.02	5.66	5.47	5.72
Tangible Book Value	2,450	2,406	2,435	2,317	2,291	2,685
Tangible Book Value Per Share	4.77	4.55	4.61	4.38	4.33	5.08
Buildings	-	2,532	2,518	2,418	2,346	2,231
Machinery	-	2,872	2,832	2,722	2,615	2,487
Construction In Progress	-	595.34	177.54	198.74	122.37	89.13

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