SHA:600960 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	466.73	463.15	922.38	812.88	974.94	1,040
Trading Asset Securities	-	-	-	0.24	1.62	-
Cash & Short-Term Investments	466.73	463.15	922.38	813.11	976.56	1,040
Cash Growth	-39.79%	-49.79%	13.44%	-16.74%	-6.09%	-53.15%
Accounts Receivable	1,418	1,362	1,330	1,511	1,461	1,493
Other Receivables	98.89	98.66	9.62	5.15	30.62	56.46
Receivables	1,516	1,460	1,340	1,516	1,492	1,578
Inventory	922.55	889.11	1,138	1,137	1,070	1,028
Prepaid Expenses	-	16.9	36.84	45.26	44.82	74.72
Other Current Assets	93.96	72.58	79.12	69.04	49.51	90.98
Total Current Assets	3,000	2,902	3,517	3,580	3,632	3,811
Property, Plant & Equipment	1,283	1,308	1,615	1,965	2,004	2,139
Long-Term Investments	1,624	1,774	1,861	1,571	1,245	1,776
Other Intangible Assets	190.81	192.48	199.3	242.95	269.49	284.04
Long-Term Deferred Tax Assets	82.38	81.53	88.65	112.06	115.48	119.82
Long-Term Deferred Charges	42.49	42.4	49.89	29.87	30.92	27.94
Other Long-Term Assets	49.69	52.91	79.95	86.95	93.42	88.54
Total Assets	6,272	6,354	7,410	7,589	7,390	8,246
Accounts Payable	467.55	434.07	517.93	644.64	438.48	573.13
Accrued Expenses	28.43	209.99	318.08	52.1	143.84	150.21
Short-Term Debt	1,210	1,191	1,649	1,218	950.97	425.06
Current Portion of Long-Term Debt	46.4	45.4	45.72	370.62	151.35	699.06
Current Portion of Leases	-	2.24	15.52	19.86	18.77	19.47
Current Income Taxes Payable	30.99	9.5	2	0.77	1.4	1.31
Current Unearned Revenue	34.62	34.72	110.01	69.08	57.5	38.01
Other Current Liabilities	259.46	63.26	177.96	269.26	161.21	166.1
Total Current Liabilities	2,077	1,990	2,836	2,645	1,924	2,072
Long-Term Debt	154.43	354.43	229.42	46.02	488.5	372.6
Long-Term Leases	2.33	2.41	24.38	39.67	46.29	57.39
Long-Term Unearned Revenue	174.98	177.88	188.35	200.31	207.65	221.67
Pension & Post-Retirement Benefits	-	7.71	8.16	-	-	-
Long-Term Deferred Tax Liabilities	88.79	128.64	126.34	69.44	52.25	189.96
Other Long-Term Liabilities	207.71	-	477.16	82.49	68.15	68.65
Total Liabilities	2,706	2,661	3,890	3,083	2,786	2,983
Common Stock	950.52	950.52	950.52	950.52	950.52	950.52
Additional Paid-In Capital	2,636	2,636	2,636	2,636	2,636	2,659
Retained Earnings	-355.54	-348.79	-516.16	747.27	946.08	1,008
Comprehensive Income & Other	291.19	409.85	405.51	131.31	36.67	413.59
Total Common Equity	3,522	3,647	3,476	4,465	4,569	5,031
Minority Interest	44.28	45.45	44.61	41.46	34.91	232.58
Shareholders' Equity	3,566	3,693	3,520	4,506	4,604	5,264
Total Liabilities & Equity	6,272	6,354	7,410	7,589	7,390	8,246
Total Debt	1,413	1,596	1,964	1,695	1,656	1,574
Net Cash (Debt)	-946.43	-1,132	-1,042	-881.43	-679.33	-533.71
Net Cash Per Share	-0.99	-1.19	-1.10	-0.93	-0.71	-0.56
Filing Date Shares Outstanding	951.45	950.52	950.52	950.52	950.52	950.52
Total Common Shares Outstanding	951.45	950.52	950.52	950.52	950.52	950.52
Working Capital	922.25	911.78	680.42	935.77	1,709	1,739
Book Value Per Share	3.70	3.84	3.66	4.70	4.81	5.29
Tangible Book Value	3,331	3,455	3,276	4,222	4,299	4,747
Tangible Book Value Per Share	3.50	3.63	3.45	4.44	4.52	4.99
Buildings	-	896.72	1,047	1,110	1,084	1,074
Machinery	-	2,813	3,244	3,119	2,983	2,836
Construction In Progress	-	16.93	48.77	186.2	99.43	77.04

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