SHA:600973 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	2,901	2,832	3,755	3,904	3,869
Trading Asset Securities	3.6	0.56	-	65.67	27
Cash & Short-Term Investments	2,905	2,833	3,755	3,970	3,896
Cash Growth	2.54%	-24.56%	-5.40%	1.90%	7.41%
Accounts Receivable	6,755	7,211	6,889	6,488	5,774
Other Receivables	136.03	127.26	163.61	124.83	94.28
Receivables	6,891	7,338	7,053	6,613	5,868
Inventory	3,903	3,279	3,432	2,613	2,737
Prepaid Expenses	25.7	100.17	13.89	22.7	4.81
Other Current Assets	1,666	1,122	884.35	737.68	1,083
Total Current Assets	15,391	14,672	15,139	13,956	13,589
Property, Plant & Equipment	3,792	3,999	5,781	5,753	5,815
Long-Term Investments	694.06	790.77	111.06	118.22	31.69
Goodwill	80.18	88.45	106.35	117.68	132.01
Other Intangible Assets	746.37	789.6	867.22	865.41	871.78
Long-Term Deferred Tax Assets	403.71	402.54	335.68	312.69	314.57
Long-Term Deferred Charges	27.34	34.51	31.62	34.65	40.9
Other Long-Term Assets	5.7	6.03	22.44	42.08	70.32
Total Assets	21,141	20,783	22,394	21,200	20,865
Accounts Payable	3,877	3,038	2,963	1,303	1,210
Accrued Expenses	109.31	120.18	92.39	93.28	108.92
Short-Term Debt	7,146	8,218	8,334	9,230	9,594
Current Portion of Long-Term Debt	1,455	1,998	918.69	1,380	652.46
Current Portion of Leases	1.47	0.79	12.26	11.45	18.6
Current Income Taxes Payable	9.69	9.48	14.06	8.34	70.62
Current Unearned Revenue	549.36	520.07	627.59	335.37	520.24
Other Current Liabilities	950.09	837.82	1,088	2,022	1,162
Total Current Liabilities	14,097	14,742	14,050	14,383	13,337
Long-Term Debt	2,518	1,831	3,137	1,779	2,389
Long-Term Leases	57.59	88.98	153.46	108.11	371.73
Long-Term Unearned Revenue	32.92	36.29	52.86	42.78	27.04
Long-Term Deferred Tax Liabilities	81.73	19.15	27.84	34.56	24.59
Other Long-Term Liabilities	6.81	0.79	-	-	0.02
Total Liabilities	16,794	16,718	17,421	16,347	16,150
Common Stock	1,371	1,371	1,371	1,371	1,371
Additional Paid-In Capital	1,495	1,495	1,495	1,514	1,526
Retained Earnings	413.16	457.04	791.85	760.83	695.59
Comprehensive Income & Other	376.07	51.19	95.03	95.37	50.63
Total Common Equity	3,656	3,375	3,753	3,742	3,643
Minority Interest	691.37	690.46	1,220	1,111	1,072
Shareholders' Equity	4,347	4,065	4,973	4,853	4,715
Total Liabilities & Equity	21,141	20,783	22,394	21,200	20,865
Total Debt	11,177	12,136	12,555	12,508	13,026
Net Cash (Debt)	-8,272	-9,303	-8,800	-8,538	-9,131
Net Cash Per Share	-5.65	-6.83	-5.67	-6.53	-6.70
Filing Date Shares Outstanding	1,371	1,371	1,371	1,371	1,371
Total Common Shares Outstanding	1,371	1,371	1,371	1,371	1,371
Working Capital	1,294	-70.46	1,089	-426.45	251.39
Book Value Per Share	2.67	2.46	2.74	2.73	2.66
Tangible Book Value	2,829	2,497	2,780	2,759	2,639
Tangible Book Value Per Share	2.06	1.82	2.03	2.01	1.92
Buildings	3,271	3,251	4,182	4,033	4,031
Machinery	4,278	4,167	4,928	4,480	3,922
Construction In Progress	236.28	243.37	367.67	480.89	630.17

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