SHA:600960 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	463.15	922.38	812.88	974.94	1,040
Trading Asset Securities	-	-	0.24	1.62	-
Cash & Short-Term Investments	463.15	922.38	813.11	976.56	1,040
Cash Growth	-49.79%	13.44%	-16.74%	-6.09%	-53.15%
Accounts Receivable	1,362	1,330	1,511	1,461	1,493
Other Receivables	98.66	9.62	5.15	30.62	56.46
Receivables	1,460	1,340	1,516	1,492	1,578
Inventory	889.11	1,138	1,137	1,070	1,028
Prepaid Expenses	-	36.84	45.26	44.82	74.72
Other Current Assets	89.48	79.12	69.04	49.51	90.98
Total Current Assets	2,902	3,517	3,580	3,632	3,811
Property, Plant & Equipment	1,308	1,615	1,965	2,004	2,139
Long-Term Investments	1,774	1,861	1,571	1,245	1,776
Other Intangible Assets	192.48	199.3	242.95	269.49	284.04
Long-Term Deferred Tax Assets	81.53	88.65	112.06	115.48	119.82
Long-Term Deferred Charges	42.4	49.89	29.87	30.92	27.94
Other Long-Term Assets	52.91	79.95	86.95	93.42	88.54
Total Assets	6,354	7,410	7,589	7,390	8,246
Accounts Payable	434.07	517.93	644.64	438.48	573.13
Accrued Expenses	26.69	185.77	52.1	143.84	150.21
Short-Term Debt	1,191	1,649	1,218	950.97	425.06
Current Portion of Long-Term Debt	47.63	45.72	370.62	151.35	699.06
Current Portion of Leases	-	15.52	19.86	18.77	19.47
Current Income Taxes Payable	15.71	2	0.77	1.4	1.31
Current Unearned Revenue	34.72	110.01	69.08	57.5	38.01
Other Current Liabilities	240.35	310.27	269.26	161.21	166.1
Total Current Liabilities	1,990	2,836	2,645	1,924	2,072
Long-Term Debt	154.43	229.42	46.02	488.5	372.6
Long-Term Leases	2.41	24.38	39.67	46.29	57.39
Long-Term Unearned Revenue	177.88	188.35	200.31	207.65	221.67
Long-Term Deferred Tax Liabilities	128.64	126.34	69.44	52.25	189.96
Other Long-Term Liabilities	207.71	485.32	82.49	68.15	68.65
Total Liabilities	2,661	3,890	3,083	2,786	2,983
Common Stock	950.52	950.52	950.52	950.52	950.52
Additional Paid-In Capital	2,636	2,636	2,636	2,636	2,659
Retained Earnings	-348.79	-516.16	747.27	946.08	1,008
Comprehensive Income & Other	409.85	405.51	131.31	36.67	413.59
Total Common Equity	3,647	3,476	4,465	4,569	5,031
Minority Interest	45.45	44.61	41.46	34.91	232.58
Shareholders' Equity	3,693	3,520	4,506	4,604	5,264
Total Liabilities & Equity	6,354	7,410	7,589	7,390	8,246
Total Debt	1,396	1,964	1,695	1,656	1,574
Net Cash (Debt)	-932.43	-1,042	-881.43	-679.33	-533.71
Net Cash Per Share	-0.98	-1.10	-0.93	-0.71	-0.56
Filing Date Shares Outstanding	950.6	950.52	950.52	950.52	950.52
Total Common Shares Outstanding	950.6	950.52	950.52	950.52	950.52
Working Capital	911.78	680.42	935.77	1,709	1,739
Book Value Per Share	3.84	3.66	4.70	4.81	5.29
Tangible Book Value	3,455	3,276	4,222	4,299	4,747
Tangible Book Value Per Share	3.63	3.45	4.44	4.52	4.99
Buildings	-	1,047	1,110	1,084	1,074
Machinery	-	3,244	3,119	2,983	2,836
Construction In Progress	-	48.77	186.2	99.43	77.04

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