SHA:601700 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	1,613	1,342	1,919	1,222	805.77	794.99
Trading Asset Securities	1.49	-	332.65	-	0	36.01
Cash & Short-Term Investments	1,615	1,342	2,251	1,222	805.77	831
Cash Growth	-31.62%	-40.40%	84.29%	51.61%	-3.04%	-16.67%
Accounts Receivable	2,016	1,900	1,973	2,396	1,878	2,134
Other Receivables	79.27	-	-	115.3	82.33	82.84
Receivables	2,096	1,900	1,973	2,512	1,960	2,217
Inventory	1,040	933.04	920.52	1,100	701.81	907.4
Prepaid Expenses	-	4.09	17.44	7.01	-	0.23
Other Current Assets	367.74	414.66	204.07	294.28	104.93	182.69
Total Current Assets	5,118	4,593	5,366	5,135	3,572	4,138
Property, Plant & Equipment	1,510	1,557	1,500	1,457	759.88	662.44
Long-Term Investments	145.22	141.16	108.52	137.79	171.87	183.63
Goodwill	-	-	338.98	370.48	-	-
Other Intangible Assets	458.85	464.35	443.28	465.78	135.09	138.88
Long-Term Deferred Tax Assets	121.26	119.27	95.78	91.79	54.74	56.63
Long-Term Deferred Charges	4.85	4.16	3.84	2.65	2.14	2.61
Other Long-Term Assets	147.12	150.04	138.86	124.73	90.49	52.69
Total Assets	7,506	7,029	7,995	7,785	4,787	5,235
Accounts Payable	1,066	875.5	1,318	1,231	461.27	750.34
Accrued Expenses	11.75	56.93	103.12	40.46	23.46	32.3
Short-Term Debt	2,770	2,548	2,394	1,875	1,575	1,525
Current Portion of Long-Term Debt	177.79	102.1	56.17	13.36	-	6.08
Current Portion of Leases	-	56.39	56.56	144.15	0.17	0.16
Current Income Taxes Payable	28.66	12.68	26.62	6.51	0.49	7.25
Current Unearned Revenue	433.29	408.14	345.32	243.52	48.46	165.21
Other Current Liabilities	168.79	139.87	91.33	718.88	38.45	61.64
Total Current Liabilities	4,656	4,199	4,391	4,273	2,147	2,548
Long-Term Debt	390.96	352.8	506.56	280.65	-	44
Long-Term Leases	53.11	114.76	76.85	45.75	0.76	0.93
Long-Term Unearned Revenue	20.4	25.96	15.3	5.35	5.43	5
Long-Term Deferred Tax Liabilities	86.66	89.42	101.73	108.77	0.5	0.58
Total Liabilities	5,259	4,782	5,092	4,714	2,154	2,599
Common Stock	1,139	1,142	1,142	1,142	1,142	1,141
Additional Paid-In Capital	1,254	1,270	1,270	1,268	1,268	1,262
Retained Earnings	-33.97	-62.37	346.92	312.74	255.43	280.23
Treasury Stock	-150	-153	-	-	-	-
Comprehensive Income & Other	-57.39	-57.69	-80.61	-67.15	-54.9	-66.9
Total Common Equity	2,151	2,139	2,679	2,656	2,611	2,616
Minority Interest	95.77	107.03	224.75	414.55	21.87	20.09
Shareholders' Equity	2,247	2,246	2,903	3,071	2,633	2,636
Total Liabilities & Equity	7,506	7,029	7,995	7,785	4,787	5,235
Total Debt	3,392	3,174	3,090	2,359	1,576	1,577
Net Cash (Debt)	-1,777	-1,832	-838.8	-1,137	-770.09	-745.57
Net Cash Per Share	-1.56	-1.60	-0.74	-0.99	-0.67	-0.65
Filing Date Shares Outstanding	1,136	1,108	1,142	1,142	1,142	1,141
Total Common Shares Outstanding	1,136	1,108	1,142	1,142	1,142	1,141
Working Capital	462.04	393.76	974.62	861.2	1,425	1,590
Book Value Per Share	1.89	1.93	2.35	2.33	2.29	2.29
Tangible Book Value	1,692	1,675	1,896	1,820	2,476	2,477
Tangible Book Value Per Share	1.49	1.51	1.66	1.59	2.17	2.17
Buildings	-	1,188	912.12	878.6	525.1	443.61
Machinery	-	1,381	1,389	1,323	689.27	623.93
Construction In Progress	-	43.54	62.11	7.53	5.55	7.44

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