SHA:600866 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	1,058	2,194	1,759	1,419	1,068	1,227
Trading Asset Securities	50.78	0.46	151.05	6.41	306.16	4.12
Cash & Short-Term Investments	1,109	2,194	1,910	1,425	1,374	1,231
Cash Growth	-64.02%	14.90%	34.02%	3.73%	11.56%	429.54%
Accounts Receivable	1,288	935.03	936.4	966.67	821.31	771.93
Other Receivables	61.84	56.58	113.43	64.31	98.12	95.34
Receivables	1,350	991.61	1,050	1,031	919.43	867.27
Inventory	2,919	2,211	2,075	2,305	3,329	2,509
Prepaid Expenses	-	-	1.54	0.6	-	1.02
Other Current Assets	549.58	455.92	167.54	149.97	333.43	686.44
Total Current Assets	5,927	5,853	5,203	4,912	5,955	5,295
Property, Plant & Equipment	10,092	10,127	8,151	8,603	8,997	9,532
Long-Term Investments	-	18.87	18.87	30.06	30.06	30.06
Goodwill	29.32	29.32	29.32	121.24	214.94	227.28
Other Intangible Assets	655.78	662.84	680.2	666.93	686.34	710.76
Long-Term Deferred Tax Assets	59.67	48.84	51.08	31.89	28.21	22.66
Long-Term Deferred Charges	29.03	29.74	11.02	4.16	4.45	4.3
Other Long-Term Assets	597.52	471.59	404.94	15.21	83.58	41.08
Total Assets	17,390	17,241	14,550	14,385	16,000	15,862
Accounts Payable	1,696	1,474	1,167	912.01	1,688	2,330
Accrued Expenses	233.64	222.78	362.78	254.68	379	219.23
Short-Term Debt	2,836	2,914	1,008	1,201	2,004	2,558
Current Portion of Long-Term Debt	-	897.75	662.57	1,247	942.75	1,116
Current Portion of Leases	-	-	8.28	2.15	2.36	0.81
Current Income Taxes Payable	-	118.41	123.94	89.29	97.77	73.52
Current Unearned Revenue	294.79	240.08	271.93	227.28	402.27	399.56
Other Current Liabilities	1,042	262.18	921.87	696.86	1,456	980.98
Total Current Liabilities	6,103	6,129	4,526	4,630	6,972	7,678
Long-Term Debt	2,584	2,372	1,721	1,861	1,867	968.7
Long-Term Leases	66.81	57.01	41.91	3.54	4.66	7.44
Long-Term Unearned Revenue	95.14	85.39	75.78	74.54	62.15	57.37
Long-Term Deferred Tax Liabilities	141.68	145.49	154.08	156.36	164.3	177
Other Long-Term Liabilities	-	-	-	-	-	52.71
Total Liabilities	8,990	8,789	6,518	6,725	9,070	8,941
Common Stock	1,661	1,661	1,661	1,661	1,661	739.02
Additional Paid-In Capital	4,688	4,688	4,688	4,688	4,688	3,288
Retained Earnings	1,819	1,866	1,519	1,207	528.8	0.3
Comprehensive Income & Other	4.06	4.77	8.76	5.66	2.87	-0.18
Total Common Equity	8,173	8,220	7,877	7,562	6,881	4,027
Minority Interest	227.88	231.52	154.72	97.71	48.36	2,894
Shareholders' Equity	8,400	8,452	8,031	7,659	6,929	6,921
Total Liabilities & Equity	17,390	17,241	14,550	14,385	16,000	15,862
Total Debt	5,487	6,240	3,441	4,314	4,821	4,652
Net Cash (Debt)	-4,378	-4,046	-1,531	-2,889	-3,447	-3,420
Net Cash Per Share	-2.63	-2.44	-0.92	-1.74	-2.90	-4.24
Filing Date Shares Outstanding	1,663	1,661	1,661	1,661	1,661	739.02
Total Common Shares Outstanding	1,663	1,661	1,661	1,661	1,661	739.02
Working Capital	-175.68	-276.53	677.17	281.65	-1,017	-2,384
Book Value Per Share	4.92	4.95	4.74	4.55	4.14	5.45
Tangible Book Value	7,487	7,528	7,167	6,774	5,980	3,089
Tangible Book Value Per Share	4.50	4.53	4.31	4.08	3.60	4.18
Buildings	-	-	4,993	5,004	4,934	4,734
Machinery	-	-	11,390	11,273	11,058	10,905
Construction In Progress	-	-	228.56	149.14	89.01	164.79

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