SHA:600971 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	4,477	3,788	5,410	6,848	7,481	6,243
Trading Asset Securities	352.34	552.34	537.83	201.85	-	-
Cash & Short-Term Investments	4,829	4,340	5,948	7,050	7,481	6,243
Cash Growth	-21.69%	-27.03%	-15.63%	-5.76%	19.84%	13.23%
Accounts Receivable	1,176	1,625	2,210	2,318	3,124	2,681
Other Receivables	40.57	48.04	30.57	49.86	60.36	66.96
Receivables	1,217	1,673	2,241	2,367	3,184	2,748
Inventory	292.69	260.48	235.22	352.6	476.69	494.54
Prepaid Expenses	-	0.01	-	0.14	0	0
Other Current Assets	138.81	132.46	140.99	137.63	135.36	83.8
Total Current Assets	6,478	6,406	8,565	9,908	11,277	9,569
Property, Plant & Equipment	12,305	12,422	6,264	4,881	5,573	4,656
Long-Term Investments	1,355	1,332	1,736	1,355	1,061	824.31
Other Intangible Assets	5,244	5,303	3,453	3,594	3,405	2,370
Long-Term Accounts Receivable	158.19	284.17	367.58	360.99	473.58	231.74
Long-Term Deferred Tax Assets	186.79	224.32	136.86	145.37	126.27	104.93
Other Long-Term Assets	12.78	23.08	12.31	1,018	18.45	11.29
Total Assets	25,740	25,995	20,535	21,263	21,935	17,767
Accounts Payable	2,006	2,275	1,802	955.52	750.93	757.96
Accrued Expenses	268.9	396.22	412.66	605.24	2,607	2,247
Short-Term Debt	776.1	736.24	636.94	1,003	1,163	1,091
Current Portion of Long-Term Debt	709.01	735.2	470.11	340.86	160.45	582.5
Current Portion of Leases	-	0.61	-	-	-	16.87
Current Income Taxes Payable	120.04	1.08	5.84	4.67	82.74	58.61
Current Unearned Revenue	99.9	77.63	57.19	174.39	306.42	488.69
Other Current Liabilities	1,760	1,996	2,278	2,989	1,293	1,053
Total Current Liabilities	5,740	6,217	5,662	6,072	6,364	6,296
Long-Term Debt	3,581	3,399	650.32	565.97	665.6	339
Long-Term Leases	2.24	1.96	-	-	-	142.31
Long-Term Unearned Revenue	3.17	3.17	-	-	-	-
Long-Term Deferred Tax Liabilities	44.41	44.82	1.7	1.87	2.03	2.19
Other Long-Term Liabilities	3,989	4,046	1,787	1,938	1,668	928.8
Total Liabilities	13,359	13,712	8,101	8,578	8,699	7,708
Common Stock	1,200	1,200	1,200	1,200	1,200	1,200
Additional Paid-In Capital	-	1,598	1,598	-	2,948	1,656
Retained Earnings	8,308	8,278	8,793	8,982	8,146	6,186
Comprehensive Income & Other	2,384	684.22	773.98	2,421	854.74	921.53
Total Common Equity	11,874	11,760	12,365	12,602	13,148	9,964
Minority Interest	507.25	522.84	68.45	83.7	88.31	94.99
Shareholders' Equity	12,381	12,282	12,434	12,686	13,236	10,058
Total Liabilities & Equity	25,740	25,995	20,535	21,263	21,935	17,767
Total Debt	5,068	4,873	1,757	1,910	1,989	2,172
Net Cash (Debt)	-239.02	-533.23	4,190	5,140	5,492	4,071
Net Cash Growth	-	-	-18.48%	-6.40%	34.90%	19.49%
Net Cash Per Share	-0.20	-0.44	3.49	4.28	4.58	3.39
Filing Date Shares Outstanding	1,202	1,200	1,200	1,200	1,200	1,200
Total Common Shares Outstanding	1,202	1,200	1,200	1,200	1,200	1,200
Working Capital	737.95	188.72	2,903	3,836	4,913	3,273
Book Value Per Share	9.88	9.80	10.30	10.50	10.96	8.30
Tangible Book Value	6,629	6,457	8,912	9,008	9,743	7,594
Tangible Book Value Per Share	5.52	5.38	7.43	7.51	8.12	6.33
Buildings	-	5,219	2,952	4,936	4,589	4,534
Machinery	-	9,790	6,678	6,136	6,133	5,718
Construction In Progress	-	748.93	695.59	1,753	1,560	1,247

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