SHA:601200 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	1,119	1,146	1,169	1,223	1,054
Short-Term Investments	-	-	0	-	-
Cash & Short-Term Investments	1,119	1,146	1,169	1,223	1,054
Cash Growth	-2.30%	-2.01%	-4.40%	16.08%	7.23%
Accounts Receivable	4,525	4,325	3,587	3,263	3,155
Other Receivables	55.52	57.53	317	264.44	310.42
Receivables	4,581	4,383	3,904	3,528	3,577
Inventory	194.19	231.87	223.49	275.65	173.09
Prepaid Expenses	-	20.8	7.82	8.58	5.14
Other Current Assets	1,167	918.93	857.7	883.33	1,023
Total Current Assets	7,061	6,700	6,162	5,918	5,832
Property, Plant & Equipment	1,509	681.8	794.33	655.96	766.05
Long-Term Investments	835.69	235.86	211.63	81.16	154.4
Goodwill	11.27	15.45	18.58	39.53	39.53
Other Intangible Assets	8,696	9,374	9,686	10,252	10,939
Long-Term Accounts Receivable	-	12,712	12,702	11,761	577.31
Long-Term Deferred Tax Assets	78.83	62.25	49.01	49.31	22.79
Long-Term Deferred Charges	136.41	111.77	115.77	111.75	69.41
Other Long-Term Assets	12,759	89.18	91.34	131.72	10,913
Total Assets	31,086	29,982	29,831	29,001	29,314
Accounts Payable	3,759	3,277	2,890	3,234	3,326
Accrued Expenses	244.33	478.23	350.44	500.38	349.95
Short-Term Debt	1,073	522.15	710.41	1,376	2,202
Current Portion of Long-Term Debt	1,234	1,530	1,174	590.79	466.22
Current Portion of Leases	-	29.39	17.62	14.03	13.47
Current Income Taxes Payable	114.03	53.55	55.81	25.68	70.05
Current Unearned Revenue	223.65	390.94	247.42	332.06	484.66
Other Current Liabilities	472.18	571.03	1,176	719.43	1,417
Total Current Liabilities	7,121	6,852	6,621	6,793	8,330
Long-Term Debt	8,047	7,728	8,419	8,181	7,296
Long-Term Leases	57.02	90.1	25.65	11.78	24.87
Long-Term Unearned Revenue	880.77	922.12	975.8	979.41	1,007
Long-Term Deferred Tax Liabilities	369.75	332.62	307.83	293.73	257.36
Other Long-Term Liabilities	1,014	873.95	819.09	707.63	505.36
Total Liabilities	17,490	16,799	17,169	16,967	17,421
Common Stock	1,346	1,346	1,122	1,122	1,122
Additional Paid-In Capital	3,875	3,875	4,099	4,099	4,105
Retained Earnings	6,401	5,947	5,484	5,050	4,642
Comprehensive Income & Other	45.53	29.72	-	-	-
Total Common Equity	11,667	11,198	10,705	10,271	9,869
Minority Interest	1,929	1,985	1,957	1,763	2,025
Shareholders' Equity	13,597	13,183	12,662	12,034	11,894
Total Liabilities & Equity	31,086	29,982	29,831	29,001	29,314
Total Debt	10,412	9,900	10,347	10,174	10,002
Net Cash (Debt)	-9,293	-8,754	-9,178	-8,951	-8,949
Net Cash Per Share	-6.90	-6.50	-6.82	-6.65	-6.65
Filing Date Shares Outstanding	1,346	1,346	1,346	1,346	1,346
Total Common Shares Outstanding	1,346	1,346	1,346	1,346	1,346
Working Capital	-59.99	-152.33	-458.88	-874.39	-2,498
Book Value Per Share	8.67	8.32	7.95	7.63	7.33
Tangible Book Value	2,960	1,808	1,000	-20.63	-1,110
Tangible Book Value Per Share	2.20	1.34	0.74	-0.02	-0.82
Buildings	-	105.08	216.99	176.34	333.4
Machinery	-	376.23	474.87	507.64	480.59
Construction In Progress	-	315.22	255.43	102.24	89.57

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