SHA:600984 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	750.71	1,089	1,329	1,028	1,245	1,676
Short-Term Investments	52.91	-	-	55.05	-	-
Cash & Short-Term Investments	803.62	1,089	1,329	1,083	1,245	1,676
Cash Growth	-42.50%	-18.06%	22.67%	-12.98%	-25.75%	-29.19%
Accounts Receivable	3,771	4,041	4,780	5,325	5,836	5,488
Other Receivables	56.04	114.18	121.53	72.87	78.91	86.03
Receivables	3,827	4,155	4,902	5,398	5,915	5,574
Inventory	427.72	390.11	376.99	352.97	333.47	413.76
Prepaid Expenses	19.97	15.74	9.19	9.56	16.89	25.02
Other Current Assets	249.72	257.69	354.62	363.52	414.64	489.39
Total Current Assets	5,328	5,907	6,971	7,207	7,924	8,179
Property, Plant & Equipment	7,046	7,368	8,512	8,718	8,726	8,145
Long-Term Investments	-	-	50	50	-	-
Goodwill	-	-	154.36	254.47	371.37	371.37
Other Intangible Assets	239.49	250.42	254.14	255.41	263.17	257.1
Long-Term Deferred Tax Assets	313.73	300.56	365.87	393.3	363.06	344.58
Long-Term Deferred Charges	32.22	30.58	38.69	57.86	74.4	77.9
Other Long-Term Assets	476.82	531.65	633.83	637.3	270.69	227.73
Total Assets	13,436	14,389	16,980	17,574	17,993	17,603

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	1,151	1,260	1,373	1,615	1,943	2,501
Accrued Expenses	89.47	114.9	137.03	148.43	148.05	181
Short-Term Debt	1,533	1,569	2,029	2,086	1,956	2,470
Current Portion of Long-Term Debt	2,050	1,170	2,211	2,561	1,016	950.63
Current Portion of Leases	64.64	477.29	395.25	686.67	969.18	266.57
Current Income Taxes Payable	5.37	4.39	5.37	4.41	19.33	77.33
Current Unearned Revenue	12.87	8.84	23.85	22.01	6.9	30.81
Other Current Liabilities	567.05	183.63	101.35	97.55	138.44	1,215
Total Current Liabilities	5,473	4,788	6,276	7,221	6,198	7,691
Long-Term Debt	2,295	3,328	3,555	3,973	4,477	2,101
Long-Term Leases	1,011	1,108	824.16	852.84	1,035	1,464
Long-Term Unearned Revenue	9.72	9.41	10.86	9.72	5.91	1.86
Long-Term Deferred Tax Liabilities	44.55	53.54	59.95	253.85	266.37	243.9
Other Long-Term Liabilities	1,981	1,980	1,976	-	-	-
Total Liabilities	10,816	11,267	12,703	12,311	11,982	11,503

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	1,257	1,257	1,257	1,257	1,257	966.96
Additional Paid-In Capital	3,624	3,624	3,625	3,625	3,625	3,915
Retained Earnings	-3,352	-2,840	-629.54	358.9	1,104	1,196
Comprehensive Income & Other	1,034	1,031	24.66	21.7	23.67	18.54
Total Common Equity	2,564	3,072	4,277	5,263	6,009	6,097
Minority Interest	56.97	49.85	-	-	1.32	3.29
Shareholders' Equity	2,621	3,122	4,277	5,263	6,011	6,100
Total Liabilities & Equity	13,436	14,389	16,980	17,574	17,993	17,603

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	6,954	7,652	9,015	10,160	9,454	7,252
Net Cash (Debt)	-6,151	-6,564	-7,686	-9,077	-8,209	-5,576
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-4.89	-5.22	-6.11	-7.22	-6.54	-4.44
Filing Date Shares Outstanding	1,257	1,257	1,257	1,257	1,257	1,257
Total Common Shares Outstanding	1,257	1,257	1,257	1,257	1,257	1,257
Working Capital	-144.98	1,119	694.79	-14.18	1,726	487.47
Book Value Per Share	1.24	1.65	3.40	4.19	4.78	4.85
Tangible Book Value	2,324	2,822	3,869	4,753	5,375	5,468
Tangible Book Value Per Share	1.05	1.45	3.08	3.78	4.28	4.35
Buildings	1,072	-	-	804.57	591.45	385.23
Machinery	10,260	10,378	10,878	10,822	10,628	9,006
Construction In Progress	323.29	307.38	280.45	477.77	454.62	291.22