SHA:600973 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	4,476	2,901	2,832	3,755	3,904	3,869
Trading Asset Securities	321.31	3.6	0.56	-	65.67	27
Cash & Short-Term Investments	4,797	2,905	2,833	3,755	3,970	3,896
Cash Growth	8.52%	2.54%	-24.56%	-5.40%	1.90%	7.41%
Accounts Receivable	7,556	6,755	7,211	6,889	6,488	5,774
Other Receivables	177.1	136.03	127.26	163.61	124.83	94.28
Receivables	7,733	6,891	7,338	7,053	6,613	5,868
Inventory	3,349	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	2,148	1,666	1,122	884.35	737.68	1,083
Total Current Assets	18,027	15,391	14,672	15,139	13,956	13,589
Property, Plant & Equipment	3,670	3,792	3,999	5,781	5,753	5,815
Long-Term Investments	641.21	694.06	790.77	111.06	118.22	31.69
Goodwill	80.18	80.18	88.45	106.35	117.68	132.01
Other Intangible Assets	730.99	746.37	789.6	867.22	865.41	871.78
Long-Term Deferred Tax Assets	408.53	403.71	402.54	335.68	312.69	314.57
Long-Term Deferred Charges	122.91	27.34	34.51	31.62	34.65	40.9
Other Long-Term Assets	5.21	5.7	6.03	22.44	42.08	70.32
Total Assets	23,686	21,141	20,783	22,394	21,200	20,865

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	4,816	3,877	3,038	2,963	1,303	1,210
Accrued Expenses	16.74	109.31	120.18	92.39	93.28	108.92
Short-Term Debt	8,435	7,146	8,218	8,334	9,230	9,594
Current Portion of Long-Term Debt	1,589	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	36.07	9.69	9.48	14.06	8.34	70.62
Current Unearned Revenue	416.26	549.36	520.07	627.59	335.37	520.24
Other Current Liabilities	850.06	950.09	837.82	1,088	2,022	1,162
Total Current Liabilities	16,159	14,097	14,742	14,050	14,383	13,337
Long-Term Debt	2,974	2,518	1,831	3,137	1,779	2,389
Long-Term Leases	18.25	57.59	88.98	153.46	108.11	371.73
Long-Term Unearned Revenue	31.53	32.92	36.29	52.86	42.78	27.04
Long-Term Deferred Tax Liabilities	41.28	81.73	19.15	27.84	34.56	24.59
Other Long-Term Liabilities	188.76	6.81	0.79	-	-	0.02
Total Liabilities	19,413	16,794	16,718	17,421	16,347	16,150

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	1,371	1,371	1,371	1,371	1,371	1,371
Additional Paid-In Capital	1,495	1,495	1,495	1,495	1,514	1,526
Retained Earnings	544.66	413.16	457.04	791.85	760.83	695.59
Comprehensive Income & Other	172.51	376.07	51.19	95.03	95.37	50.63
Total Common Equity	3,584	3,656	3,375	3,753	3,742	3,643
Minority Interest	689.72	691.37	690.46	1,220	1,111	1,072
Shareholders' Equity	4,273	4,347	4,065	4,973	4,853	4,715
Total Liabilities & Equity	23,686	21,141	20,783	22,394	21,200	20,865

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	13,017	11,177	12,136	12,555	12,508	13,026
Net Cash (Debt)	-8,219	-8,272	-9,303	-8,800	-8,538	-9,131
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-5.59	-5.65	-6.83	-5.67	-6.53	-6.70
Filing Date Shares Outstanding	1,360	1,371	1,371	1,371	1,371	1,371
Total Common Shares Outstanding	1,360	1,371	1,371	1,371	1,371	1,371
Working Capital	1,868	1,294	-70.46	1,089	-426.45	251.39
Book Value Per Share	2.63	2.67	2.46	2.74	2.73	2.66
Tangible Book Value	2,772	2,829	2,497	2,780	2,759	2,639
Tangible Book Value Per Share	2.04	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