SHA:600854 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	1,213	1,149	1,059	1,027	943.34
Cash & Short-Term Investments	1,213	1,149	1,059	1,027	943.34
Cash Growth	5.59%	8.51%	3.09%	8.88%	70.21%
Accounts Receivable	5.09	3.38	10.94	25.55	122.74
Other Receivables	4.91	0.03	0.45	1.42	2.62
Receivables	10	3.4	11.38	26.97	125.36
Inventory	149.1	165.29	194.82	225.74	279.69
Prepaid Expenses	-	-	-	0.13	0.69
Other Current Assets	7.18	3.28	3.39	11.16	37.39
Total Current Assets	1,379	1,321	1,268	1,291	1,386
Property, Plant & Equipment	79.93	88.3	97.19	121.61	132.58
Long-Term Investments	779.25	790.76	771.76	724.13	653.96
Other Intangible Assets	3.93	4.07	4.33	4.64	4.49
Long-Term Deferred Tax Assets	11.07	14.18	13.84	23.69	14.47
Long-Term Deferred Charges	-	-	-	-	0.32
Other Long-Term Assets	223.24	235.73	239.89	249.37	260.5
Total Assets	2,477	2,454	2,395	2,415	2,453
Accounts Payable	36.63	40.7	44.23	72.25	111.74
Accrued Expenses	40.68	59.71	56.58	58.44	65.86
Current Portion of Leases	0.62	0.73	0.69	0.66	3.61
Current Income Taxes Payable	-	2.78	1.09	16.05	12.19
Current Unearned Revenue	41.25	40.3	44.06	133.81	279.34
Other Current Liabilities	5.57	4.76	11.54	16.73	16.37
Total Current Liabilities	124.75	148.98	158.19	297.93	489.11
Long-Term Leases	1.31	-	0.73	1.42	-
Long-Term Unearned Revenue	-	-	0.55	1.28	2.01
Long-Term Deferred Tax Liabilities	32.72	37.08	33.91	24.47	7.48
Total Liabilities	158.78	186.07	193.38	325.11	498.6
Common Stock	519.46	519.46	519.46	519.46	519.46
Additional Paid-In Capital	1,535	1,535	1,535	1,536	1,535
Retained Earnings	313.7	248.4	187.79	99.43	25.91
Comprehensive Income & Other	98.17	111.25	101.74	73.42	22.43
Total Common Equity	2,466	2,414	2,344	2,228	2,103
Minority Interest	-148.1	-145.96	-141.52	-138.37	-148.82
Shareholders' Equity	2,318	2,268	2,202	2,089	1,954
Total Liabilities & Equity	2,477	2,454	2,395	2,415	2,453
Total Debt	1.93	0.73	1.42	2.08	3.61
Net Cash (Debt)	1,211	1,148	1,057	1,025	939.74
Net Cash Growth	5.49%	8.58%	3.16%	9.08%	69.56%
Net Cash Per Share	2.33	2.21	2.04	1.97	1.81
Filing Date Shares Outstanding	519.46	519.46	519.46	519.46	519.46
Total Common Shares Outstanding	519.46	519.46	519.46	519.46	519.46
Working Capital	1,255	1,172	1,110	993.17	897.35
Book Value Per Share	4.75	4.65	4.51	4.29	4.05
Tangible Book Value	2,462	2,410	2,339	2,223	2,099
Tangible Book Value Per Share	4.74	4.64	4.50	4.28	4.04
Buildings	322.7	314.33	314.33	314.33	310.02
Machinery	137.69	137.67	186.07	312.11	313.27
Construction In Progress	-	5.9	-	-	-

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