SHA:605011 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	888.53	742.52	724.27	795.21	704.41
Trading Asset Securities	-	-	10	90	3
Accounts Receivable	380.53	405.21	334.02	450.5	470.5
Other Receivables	9.04	10.22	9.76	6.9	4.44
Inventory	132.04	129.65	174.52	129.38	180.37
Other Current Assets	43.87	42.06	29.12	22.38	42.13
Total Current Assets	1,454	1,330	1,282	1,494	1,405
Property, Plant & Equipment	2,488	2,344	2,145	2,136	2,177
Other Intangible Assets	142.05	116.71	108.04	109.4	110.89
Long-Term Investments	257.54	251.69	243.83	232.83	211.94
Long-Term Deferred Tax Assets	20.89	17.95	13.96	12.14	11.02
Long-Term Deferred Charges	14.08	15.65	-	-	-
Other Long-Term Assets	2.87	1.3	-	1.9	2.11
Total Assets	4,379	4,077	3,792	3,987	3,918
Accounts Payable	201.76	193.88	217.55	175.73	140.77
Accrued Expenses	17.78	31.76	36.29	37.85	36.18
Short-Term Debt	345.07	305.08	367.1	683.08	786.88
Current Portion of Long-Term Debt	83	80.08	60.07	81.82	89.64
Current Unearned Revenue	127.29	53.93	16.79	19.18	15.79
Current Portion of Leases	-	5.37	-	-	-
Current Income Taxes Payable	24.02	15.72	18.66	10.34	9.32
Other Current Liabilities	80.48	126.29	73.45	59.01	63.08
Total Current Liabilities	879.4	812.11	789.9	1,067	1,142
Long-Term Debt	322.61	294.72	240.27	333.13	325.01
Long-Term Leases	34.15	39.86	-	-	-
Long-Term Unearned Revenue	80.2	84.97	96.31	105.9	139.57
Other Long-Term Liabilities	1.55	1.53	1.5	1.49	1.47
Total Liabilities	1,318	1,233	1,128	1,508	1,608
Common Stock	400.1	400.1	400.1	400.1	400.1
Additional Paid-In Capital	717.09	715.97	715.97	715.97	716.03
Retained Earnings	1,313	1,215	1,067	919.72	779.69
Total Common Equity	2,431	2,331	2,183	2,036	1,896
Minority Interest	630.63	512.94	481.17	443.32	414.06
Shareholders' Equity	3,061	2,844	2,664	2,479	2,310
Total Liabilities & Equity	4,379	4,077	3,792	3,987	3,918
Total Debt	784.82	725.11	667.43	1,098	1,202
Net Cash (Debt)	103.7	17.4	66.84	-212.82	-494.13
Net Cash Growth	495.93%	-73.96%	-	-	-
Net Cash Per Share	0.26	0.04	0.17	-0.53	-1.29
Filing Date Shares Outstanding	377.61	400.1	400.1	400.1	400.1
Total Common Shares Outstanding	377.61	400.1	400.1	400.1	400.1
Working Capital	574.61	517.54	491.79	427.35	263.18
Book Value Per Share	6.44	5.83	5.46	5.09	4.74
Tangible Book Value	2,289	2,214	2,075	1,926	1,785
Tangible Book Value Per Share	6.06	5.53	5.19	4.81	4.46
Buildings	-	1,056	1,049	1,051	1,051
Machinery	-	2,227	2,101	2,062	1,952
Construction In Progress	-	223.52	98.22	23.26	74.93

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