SHA:600971 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	3,788	5,410	6,848	7,481	6,243
Trading Asset Securities	552.34	537.83	201.85	-	-
Cash & Short-Term Investments	4,340	5,948	7,050	7,481	6,243
Cash Growth	-27.03%	-15.63%	-5.76%	19.84%	13.23%
Accounts Receivable	824.89	2,210	2,318	3,124	2,681
Other Receivables	48.04	30.57	49.86	60.36	66.96
Receivables	872.93	2,241	2,367	3,184	2,748
Inventory	260.48	235.22	352.6	476.69	494.54
Prepaid Expenses	-	-	0.14	0	0
Other Current Assets	932.72	140.99	137.63	135.36	83.8
Total Current Assets	6,406	8,565	9,908	11,277	9,569
Property, Plant & Equipment	12,427	5,259	4,881	5,573	4,656
Long-Term Investments	1,332	1,736	1,355	1,061	824.31
Other Intangible Assets	5,303	3,453	3,594	3,405	2,370
Long-Term Accounts Receivable	-	367.58	360.99	473.58	231.74
Long-Term Deferred Tax Assets	224.32	136.86	145.37	126.27	104.93
Other Long-Term Assets	301.78	1,017	1,018	18.45	11.29
Total Assets	25,995	20,535	21,263	21,935	17,767
Accounts Payable	2,275	742.13	955.52	750.93	757.96
Accrued Expenses	259.5	2,039	2,351	2,607	2,247
Short-Term Debt	736.24	636.94	1,003	1,163	1,091
Current Portion of Long-Term Debt	849.95	470.11	340.86	160.45	582.5
Current Portion of Leases	-	-	-	-	16.87
Current Income Taxes Payable	105.36	5.84	4.67	82.74	58.61
Current Unearned Revenue	77.63	57.19	174.39	306.42	488.69
Other Current Liabilities	1,914	1,711	1,242	1,293	1,053
Total Current Liabilities	6,217	5,662	6,072	6,364	6,296
Long-Term Debt	3,399	650.32	565.97	665.6	339
Long-Term Leases	1.96	-	-	-	142.31
Long-Term Unearned Revenue	3.17	-	-	-	-
Long-Term Deferred Tax Liabilities	44.82	1.7	1.87	2.03	2.19
Other Long-Term Liabilities	4,046	1,787	1,938	1,668	928.8
Total Liabilities	13,712	8,101	8,578	8,699	7,708
Common Stock	1,200	1,200	1,200	1,200	1,200
Additional Paid-In Capital	1,608	-	-	2,948	1,656
Retained Earnings	8,278	8,793	8,982	8,146	6,186
Comprehensive Income & Other	673.62	2,372	2,421	854.74	921.53
Total Common Equity	11,760	12,365	12,602	13,148	9,964
Minority Interest	522.84	68.45	83.7	88.31	94.99
Shareholders' Equity	12,282	12,434	12,686	13,236	10,058
Total Liabilities & Equity	25,995	20,535	21,263	21,935	17,767
Total Debt	4,987	1,757	1,910	1,989	2,172
Net Cash (Debt)	-647.38	4,190	5,140	5,492	4,071
Net Cash Growth	-	-18.48%	-6.40%	34.90%	19.49%
Net Cash Per Share	-0.54	3.49	4.28	4.58	3.39
Filing Date Shares Outstanding	1,200	1,200	1,200	1,200	1,200
Total Common Shares Outstanding	1,200	1,200	1,200	1,200	1,200
Working Capital	188.72	2,903	3,836	4,913	3,273
Book Value Per Share	9.80	10.30	10.50	10.96	8.30
Tangible Book Value	6,457	8,912	9,008	9,743	7,594
Tangible Book Value Per Share	5.38	7.43	7.51	8.12	6.33
Buildings	-	5,974	4,936	4,589	4,534
Machinery	-	6,535	6,136	6,133	5,718
Construction In Progress	-	695.59	1,753	1,560	1,247

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