SHA:600860 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	497.61	622.66	482.99	502.77	336.63	105.78
Trading Asset Securities	-	-	-	-	-	0.03
Cash & Short-Term Investments	497.61	622.66	482.99	502.77	336.63	105.81
Cash Growth	14.71%	28.92%	-3.93%	49.35%	218.15%	-62.09%
Accounts Receivable	654.61	655.55	549.38	421	354.05	185.69
Other Receivables	4.51	39.84	69.9	12.52	13.66	36.59
Receivables	659.12	695.39	619.28	433.52	367.71	222.28
Inventory	303.56	271.04	322.8	290.39	310.8	324.69
Other Current Assets	50.17	32.04	45	50.47	47.9	54.35
Total Current Assets	1,510	1,621	1,470	1,277	1,063	707.13
Property, Plant & Equipment	1,032	1,033	1,069	913.39	874.56	656.91
Long-Term Investments	110.87	112.11	113.34	104.89	83.83	79.95
Goodwill	169	169	169	169	169	-
Other Intangible Assets	159.89	162.68	173.32	182.28	192.38	120.04
Long-Term Deferred Tax Assets	16.86	16.86	62.47	63.66	69.76	0.05
Long-Term Deferred Charges	13.44	14.07	11.54	13.59	16.62	4.37
Other Long-Term Assets	-	4.92	18.36	88.39	26.84	-
Total Assets	3,013	3,133	3,087	2,812	2,496	1,568
Accounts Payable	475.92	437.86	509.08	414.35	303.8	307.88
Accrued Expenses	24.78	46.22	46.24	42.4	36.11	32.45
Short-Term Debt	110	180	230	140	100	83.83
Current Portion of Long-Term Debt	20.16	5.01	1.65	-	-	7
Current Portion of Leases	-	15.15	13.93	15.34	14.13	-
Current Income Taxes Payable	4.69	5.45	8.61	7.7	11.73	1
Current Unearned Revenue	57.74	52.18	65.84	47.45	60.29	68.09
Other Current Liabilities	46.6	78.84	86.41	107.9	93.63	36.48
Total Current Liabilities	739.9	820.72	961.75	775.14	619.69	536.73
Long-Term Debt	153.38	151.59	133.35	70	-	-
Long-Term Leases	204.19	207.7	220.09	234.02	248.8	-
Long-Term Unearned Revenue	11.77	12.2	13.45	8	0.36	5.32
Pension & Post-Retirement Benefits	35.05	35.05	33.13	31.73	30.78	29.19
Long-Term Deferred Tax Liabilities	4.47	4.47	51.49	56.85	61.99	-
Other Long-Term Liabilities	555.97	554.53	261.19	258.2	121.23	35.79
Total Liabilities	1,705	1,786	1,674	1,434	1,083	607.04
Common Stock	547.49	547.49	547.67	547.67	542.27	485
Additional Paid-In Capital	-	1,023	1,195	1,186	1,151	835.35
Retained Earnings	-750.05	-717.84	-664.21	-671.69	-620.01	-641.67
Comprehensive Income & Other	1,028	4.89	5.4	3.48	2.25	-1.03
Total Common Equity	825.52	857.44	1,084	1,066	1,076	677.66
Minority Interest	482.5	489.79	328	312.5	337.54	283.76
Shareholders' Equity	1,308	1,347	1,412	1,378	1,413	961.41
Total Liabilities & Equity	3,013	3,133	3,087	2,812	2,496	1,568
Total Debt	487.74	559.45	599.02	459.36	362.93	90.83
Net Cash (Debt)	9.87	63.21	-116.03	43.41	-26.3	14.98
Net Cash Growth	-	-	-	-	-	-84.13%
Net Cash Per Share	0.02	0.12	-0.16	0.08	-0.06	0.03
Filing Date Shares Outstanding	547.67	547.49	547.67	547.67	542.27	485
Total Common Shares Outstanding	547.67	547.49	547.67	547.67	542.27	485
Working Capital	770.57	800.42	508.31	502	443.34	170.4
Book Value Per Share	1.51	1.57	1.98	1.95	1.98	1.40
Tangible Book Value	496.63	525.77	741.84	714.63	714.24	557.62
Tangible Book Value Per Share	0.91	0.96	1.35	1.30	1.32	1.15
Buildings	-	534.05	499.7	489.7	486.38	483.51
Machinery	-	989.78	799.22	797.23	712.56	683.91
Construction In Progress	-	14.75	280.23	74.09	59.46	38.59

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