SHA:600868 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	482.13	562.78	330.72	320.54	274.57
Trading Asset Securities	13.37	-	9.01	9.01	-
Accounts Receivable	311.79	338.34	388.26	392.32	230.12
Other Receivables	46.67	59.31	51.75	63.57	72.19
Inventory	42.69	55.71	73.09	76.99	119.71
Prepaid Expenses	3.97	3.79	0.09	1.04	-
Other Current Assets	15.7	5.1	5.72	2.28	3.56
Total Current Assets	916.32	1,025	858.65	865.75	700.15
Property, Plant & Equipment	1,326	1,415	1,423	1,381	1,536
Goodwill	53.64	2.57	53.57	172.37	172.37
Other Intangible Assets	79.63	77.23	56.41	47.41	52.81
Long-Term Investments	112.17	115.76	97.8	70.58	71.97
Long-Term Deferred Tax Assets	19.48	15.82	20.65	12.3	2.93
Long-Term Deferred Charges	18.58	19.42	16.33	7.9	5.39
Other Long-Term Assets	230.06	234.71	239.8	349.06	241.01
Total Assets	2,756	2,906	2,766	2,907	2,783
Accounts Payable	162.49	162.92	140.3	153.41	117.28
Accrued Expenses	44.55	40.07	13.41	11.08	14.01
Short-Term Debt	57.27	27.3	22.1	10.32	-
Current Portion of Long-Term Debt	43.38	23.1	19.14	15.17	0.19
Current Unearned Revenue	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	6.61	4.84	9.16	15.09	13.59
Other Current Liabilities	57.76	30.19	24.42	25.12	17.14
Total Current Liabilities	428.98	344.4	271.63	277.9	218.69
Long-Term Debt	188.18	58.2	81.2	102.33	135.57
Long-Term Leases	274.59	280.92	34.1	22.39	0.73
Long-Term Unearned Revenue	2.4	2.48	2.62	2.85	3.08
Long-Term Deferred Tax Liabilities	21.28	16.63	16.81	14.66	10.08
Total Liabilities	915.44	702.63	406.35	420.14	368.15
Common Stock	1,898	1,898	1,898	1,898	1,898
Additional Paid-In Capital	410.31	410.31	410.31	410.31	410.31
Retained Earnings	-203.02	-105.93	-23.12	96.14	40.91
Treasury Stock	-240.35	-40.35	-	-	-
Comprehensive Income & Other	7.35	4.51	2.95	1.67	1.32
Total Common Equity	1,872	2,167	2,288	2,406	2,351
Minority Interest	-31.8	36.72	71.17	80.35	64.16
Shareholders' Equity	1,841	2,203	2,359	2,487	2,415
Total Liabilities & Equity	2,756	2,906	2,766	2,907	2,783
Total Debt	589.27	413.03	159.69	151.84	137.79
Net Cash (Debt)	-93.77	149.75	180.05	177.7	136.79
Net Cash Growth	-	-16.83%	1.32%	29.91%	-63.91%
Net Cash Per Share	-0.05	0.08	0.09	0.09	0.07
Filing Date Shares Outstanding	1,807	1,874	1,898	1,898	1,898
Total Common Shares Outstanding	1,807	1,874	1,898	1,898	1,898
Working Capital	487.34	680.63	587.02	587.85	481.46
Book Value Per Share	1.04	1.16	1.21	1.27	1.24
Tangible Book Value	1,739	2,087	2,178	2,186	2,126
Tangible Book Value Per Share	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

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.