SHA:600785 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	774.66	521.89	428.48	446.87	452.7	413.24
Trading Asset Securities	42.06	-	1.19	-	2	-
Cash & Short-Term Investments	816.72	521.89	429.67	446.87	454.71	413.24
Cash Growth	1.77%	21.46%	-3.85%	-1.72%	10.04%	-51.22%
Accounts Receivable	377.71	253.24	310.6	267.73	199.5	149.26
Other Receivables	32.81	30.46	59.41	71.15	70.12	87.43
Receivables	410.52	283.7	370.01	338.88	269.62	236.69
Inventory	603.53	602.06	756.24	738.62	909.44	784.71
Prepaid Expenses	-	-	-	0.03	0.02	0.25
Other Current Assets	242.44	334.99	348.73	345.26	399.36	319.08
Total Current Assets	2,073	1,743	1,905	1,870	2,033	1,754
Property, Plant & Equipment	4,407	4,578	4,312	4,725	4,480	4,715
Long-Term Investments	261.91	262.11	246.29	259.81	110.29	178.83
Goodwill	1.12	1.12	1.12	1.12	1.12	1.12
Other Intangible Assets	543.27	551.62	584.16	616.71	653.37	637.25
Long-Term Accounts Receivable	-	-	24.98	28.11	27.32	31.99
Long-Term Deferred Tax Assets	493.12	507.62	560.22	630.26	143.9	130.11
Long-Term Deferred Charges	675.43	594.75	631.72	594.72	630.48	662.72
Other Long-Term Assets	41.48	42.55	64.3	67.31	70.33	73.31
Total Assets	8,496	8,280	8,330	8,793	8,150	8,185
Accounts Payable	1,553	1,481	1,499	1,578	1,573	1,485
Accrued Expenses	11.65	17.08	53.91	45.25	73.74	42.19
Short-Term Debt	527.28	436.78	583.79	510.39	721.66	948.95
Current Portion of Long-Term Debt	277.27	302.64	22.63	64	26.01	46.4
Current Portion of Leases	-	-	263.22	243.52	205.98	198.27
Current Income Taxes Payable	40.06	37.54	24.73	10.49	8.59	25.41
Current Unearned Revenue	905.98	838.52	942.29	854.09	758.8	651.95
Other Current Liabilities	405.36	361.7	310.99	299.21	228.13	253.99
Total Current Liabilities	3,720	3,475	3,701	3,605	3,596	3,652
Long-Term Debt	53.43	53.43	90.44	262.88	129.05	29.13
Long-Term Leases	2,263	2,340	2,064	2,450	2,533	2,683
Long-Term Unearned Revenue	7.1	7.37	7.68	8.94	4.67	9.22
Long-Term Deferred Tax Liabilities	429.76	440.08	472.95	537.7	46.95	38.64
Total Liabilities	6,474	6,316	6,336	6,865	6,309	6,412
Common Stock	225.63	225.63	225.63	225.63	225.63	225.63
Additional Paid-In Capital	311.36	311.36	311.36	311.36	311.36	311.36
Retained Earnings	1,772	1,707	1,712	1,622	1,508	1,415
Total Common Equity	2,309	2,244	2,249	2,159	2,045	1,952
Minority Interest	-286.69	-280.45	-254.87	-231.25	-204.47	-179.49
Shareholders' Equity	2,023	1,964	1,994	1,928	1,841	1,772
Total Liabilities & Equity	8,496	8,280	8,330	8,793	8,150	8,185
Total Debt	3,121	3,133	3,024	3,531	3,615	3,906
Net Cash (Debt)	-2,304	-2,611	-2,594	-3,084	-3,161	-3,493
Net Cash Per Share	-10.26	-11.57	-11.54	-13.60	-13.86	-15.61
Filing Date Shares Outstanding	224.28	230.94	225.63	225.63	225.63	225.63
Total Common Shares Outstanding	224.28	230.94	225.63	225.63	225.63	225.63
Working Capital	-1,647	-1,733	-1,796	-1,736	-1,562	-1,898
Book Value Per Share	10.30	9.72	9.97	9.57	9.07	8.65
Tangible Book Value	1,765	1,692	1,664	1,541	1,391	1,314
Tangible Book Value Per Share	7.87	7.32	7.37	6.83	6.16	5.82
Buildings	-	-	2,945	2,923	2,264	2,294
Machinery	-	-	438.05	441.49	409.53	432.96
Construction In Progress	-	-	36.21	65.29	343.44	232.07

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