SHA:600868 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	478.15	482.13	562.78	330.72	320.54	274.57
Trading Asset Securities	71.42	13.37	-	9.01	9.01	-
Accounts Receivable	302.63	311.79	338.34	388.26	392.32	230.12
Other Receivables	46.91	46.67	59.31	51.75	63.57	72.19
Inventory	52.69	42.69	55.71	73.09	76.99	119.71
Prepaid Expenses	-	3.97	3.79	0.09	1.04	-
Other Current Assets	20.22	15.7	5.1	5.72	2.28	3.56
Total Current Assets	972.04	916.32	1,025	858.65	865.75	700.15
Property, Plant & Equipment	1,287	1,326	1,415	1,423	1,381	1,536
Goodwill	53.64	53.64	2.57	53.57	172.37	172.37
Other Intangible Assets	115.61	79.63	77.23	56.41	47.41	52.81
Long-Term Investments	112.17	112.17	115.76	97.8	70.58	71.97
Long-Term Deferred Tax Assets	20.06	19.48	15.82	20.65	12.3	2.93
Long-Term Deferred Charges	18.16	18.58	19.42	16.33	7.9	5.39
Other Long-Term Assets	228.88	230.06	234.71	239.8	349.06	241.01
Total Assets	2,808	2,756	2,906	2,766	2,907	2,783
Accounts Payable	166.46	162.49	162.92	140.3	153.41	117.28
Accrued Expenses	17.05	44.55	40.07	13.41	11.08	14.01
Short-Term Debt	45.02	57.27	27.3	22.1	10.32	-
Current Portion of Long-Term Debt	67.85	43.38	23.1	19.14	15.17	0.19
Current Unearned Revenue	68.6	31.08	32.48	39.95	46.09	55.18
Current Portion of Leases	-	25.84	23.51	3.15	1.63	1.29
Current Income Taxes Payable	28.39	6.61	4.84	9.16	15.09	13.59
Other Current Liabilities	56.1	57.76	30.19	24.42	25.12	17.14
Total Current Liabilities	449.47	428.98	344.4	271.63	277.9	218.69
Long-Term Debt	167.68	188.18	58.2	81.2	102.33	135.57
Long-Term Leases	37.47	274.59	280.92	34.1	22.39	0.73
Long-Term Unearned Revenue	2.39	2.4	2.48	2.62	2.85	3.08
Long-Term Deferred Tax Liabilities	21.38	21.28	16.63	16.81	14.66	10.08
Total Liabilities	916.96	915.44	702.63	406.35	420.14	368.15
Common Stock	1,898	1,898	1,898	1,898	1,898	1,898
Additional Paid-In Capital	454.59	410.31	410.31	410.31	410.31	410.31
Retained Earnings	-217.72	-203.02	-105.93	-23.12	96.14	40.91
Treasury Stock	-208.28	-240.35	-40.35	-	-	-
Comprehensive Income & Other	7.99	7.35	4.51	2.95	1.67	1.32
Total Common Equity	1,935	1,872	2,167	2,288	2,406	2,351
Minority Interest	-43.67	-31.8	36.72	71.17	80.35	64.16
Shareholders' Equity	1,891	1,841	2,203	2,359	2,487	2,415
Total Liabilities & Equity	2,808	2,756	2,906	2,766	2,907	2,783
Total Debt	318.02	589.27	413.03	159.69	151.84	137.79
Net Cash (Debt)	231.55	-93.77	149.75	180.05	177.7	136.79
Net Cash Growth	26.56%	-	-16.83%	1.32%	29.91%	-63.91%
Net Cash Per Share	0.12	-0.05	0.08	0.09	0.09	0.07
Filing Date Shares Outstanding	1,909	1,807	1,874	1,898	1,898	1,898
Total Common Shares Outstanding	1,909	1,807	1,874	1,898	1,898	1,898
Working Capital	522.57	487.34	680.63	587.02	587.85	481.46
Book Value Per Share	1.01	1.04	1.16	1.21	1.27	1.24
Tangible Book Value	1,765	1,739	2,087	2,178	2,186	2,126
Tangible Book Value Per Share	0.92	0.96	1.11	1.15	1.15	1.12
Buildings	-	1,958	1,991	1,988	1,864	1,862
Machinery	-	949.4	924.97	802.11	798.49	791.48
Construction In Progress	-	50.34	51.93	26.95	19.63	136.9

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