SHA:600778 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	359.75	267.77	335.25	287.11	254.95	395.09
Short-Term Investments	-	-	20.39	70.59	20.78	25.8
Trading Asset Securities	4.94	4.94	5.92	4.86	18.09	22.46
Cash & Short-Term Investments	364.69	272.71	361.55	362.56	293.83	443.36
Cash Growth	-18.46%	-24.57%	-0.28%	23.39%	-33.73%	-3.17%
Accounts Receivable	70.89	88.04	40.55	68.54	10.6	22.15
Other Receivables	60.25	56.93	126.17	172.48	182.88	95.79
Receivables	131.14	144.97	166.71	241.02	193.48	117.94
Inventory	582.29	589.49	521.99	524.26	511.45	518.1
Prepaid Expenses	-	86.58	83.59	104.11	125.25	124.7
Other Current Assets	115.84	24.11	25.33	23.78	30.19	38.04
Total Current Assets	1,194	1,118	1,159	1,256	1,154	1,242
Property, Plant & Equipment	1,597	1,630	1,724	1,998	2,108	2,553
Long-Term Investments	211.88	214.46	231.41	246.08	423.38	436.47
Other Intangible Assets	94.09	95.02	181.81	187.24	208.21	195.53
Long-Term Accounts Receivable	-	2.86	2.68	3.17	3.52	6.7
Long-Term Deferred Tax Assets	6.94	6.94	7.52	9.85	7.88	51.58
Long-Term Deferred Charges	115.19	118.57	173.79	222.44	267.98	325.03
Other Long-Term Assets	65.78	63.3	83.86	87.41	81.95	222.85
Total Assets	3,285	3,249	3,564	4,010	4,255	5,033
Accounts Payable	330.48	382.2	386.22	521.8	485.25	564.24
Accrued Expenses	4.62	124.65	153.43	48.47	35.44	48.51
Short-Term Debt	699.71	639.71	614.61	470.65	440.55	385.49
Current Portion of Long-Term Debt	191.6	143.43	121.22	62.11	427.47	167.73
Current Portion of Leases	-	43.27	50.24	59.1	63.94	134.24
Current Income Taxes Payable	11.28	0.98	0.26	0.41	-	0.21
Current Unearned Revenue	1,088	1,093	1,175	1,196	1,252	1,211
Other Current Liabilities	376.8	257.5	297.71	471.88	473.82	457.51
Total Current Liabilities	2,703	2,685	2,798	2,831	3,178	2,969
Long-Term Debt	53.1	53.1	196.3	425.3	154.9	531.5
Long-Term Leases	168.93	172.53	223.11	407.13	463.04	848.13
Long-Term Unearned Revenue	1.37	1.43	2	2.73	3.62	0.83
Long-Term Deferred Tax Liabilities	10.35	10.2	10.29	9.56	9.14	9.08
Other Long-Term Liabilities	90.22	90.7	101.51	109.82	97.79	108.77
Total Liabilities	3,027	3,013	3,332	3,785	3,907	4,467
Common Stock	311.49	311.49	311.49	311.49	311.49	311.49
Additional Paid-In Capital	403.72	403.72	403.72	403.72	403.72	403.72
Retained Earnings	-508.13	-529.26	-542.48	-545.66	-418.83	-200.49
Comprehensive Income & Other	45.7	44.7	44.72	40.13	37.25	36.41
Total Common Equity	252.78	230.65	217.45	209.68	333.63	551.13
Minority Interest	5.58	5.62	14.7	14.7	14.7	14.7
Shareholders' Equity	258.36	236.27	232.15	224.38	348.33	565.83
Total Liabilities & Equity	3,285	3,249	3,564	4,010	4,255	5,033
Total Debt	1,113	1,052	1,205	1,424	1,550	2,067
Net Cash (Debt)	-748.65	-779.33	-843.93	-1,062	-1,256	-1,624
Net Cash Per Share	-2.26	-2.36	-2.66	-3.43	-4.03	-5.21
Filing Date Shares Outstanding	311.68	311.49	311.49	311.49	311.49	311.49
Total Common Shares Outstanding	311.68	311.49	311.49	311.49	311.49	311.49
Working Capital	-1,509	-1,567	-1,639	-1,575	-2,024	-1,727
Book Value Per Share	0.81	0.74	0.70	0.67	1.07	1.77
Tangible Book Value	158.69	135.63	35.64	22.44	125.42	355.6
Tangible Book Value Per Share	0.51	0.44	0.11	0.07	0.40	1.14
Buildings	-	2,733	2,718	2,720	2,724	2,435
Machinery	-	234.27	258.62	289.43	307.86	309.46
Construction In Progress	-	4.84	14.41	14.39	16.03	16.25

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