HKG:2128 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	5,109	5,247	5,155	5,735	6,174
Short-Term Investments	210.04	192.32	221	277.59	152.24
Trading Asset Securities	41	-	-	632.57	822.03
Cash & Short-Term Investments	5,360	5,439	5,376	6,645	7,149
Cash Growth	-1.45%	1.16%	-19.09%	-7.04%	8.78%
Accounts Receivable	3,683	4,319	4,867	5,511	4,789
Other Receivables	924.7	815.19	855.23	717.68	818.55
Receivables	5,006	5,754	6,440	7,550	6,858
Inventory	6,519	6,307	6,611	6,500	6,881
Restricted Cash	1,407	1,396	1,398	1,627	1,472
Other Current Assets	913.98	819.37	988.85	1,671	1,992
Total Current Assets	19,207	19,715	20,814	23,993	24,352
Property, Plant & Equipment	17,893	17,898	18,472	16,357	14,711
Long-Term Investments	7,113	7,313	6,837	5,270	4,506
Goodwill	351.88	467.12	540.09	541.88	495.86
Other Intangible Assets	309.32	326.42	409.37	438.83	547.84
Long-Term Accounts Receivable	1,058	1,086	1,159	1,129	39.98
Long-Term Deferred Tax Assets	594.79	672.47	661.17	572.26	349.11
Other Long-Term Assets	10,438	10,622	11,065	10,448	9,335
Total Assets	57,347	58,329	60,031	59,004	54,483
Accounts Payable	8,338	8,685	8,369	8,036	7,546
Accrued Expenses	638.76	518.27	527.15	544.81	627.5
Short-Term Debt	3,460	6,905	8,945	6,929	6,569
Current Portion of Long-Term Debt	2,808	1,652	1,748	328.93	1,335
Current Portion of Leases	77.83	62.77	129.41	107.67	77.67
Current Income Taxes Payable	420.19	340.59	501.71	367.75	360.57
Current Unearned Revenue	2,460	2,560	3,125	3,490	3,249
Other Current Liabilities	1,054	858.03	1,168	1,643	1,099
Total Current Liabilities	19,257	21,582	24,513	21,447	20,864
Long-Term Debt	11,273	10,672	8,652	12,778	9,921
Long-Term Leases	469.53	354.11	1,222	470.74	414.7
Long-Term Unearned Revenue	231.65	257.67	235.28	244.13	260.22
Pension & Post-Retirement Benefits	7.14	6.51	6.91	6.39	5.22
Long-Term Deferred Tax Liabilities	939.42	1,037	1,086	1,408	1,201
Other Long-Term Liabilities	8.83	4.18	5.47	8.9	10.39
Total Liabilities	32,186	33,914	35,720	36,363	32,676
Common Stock	135.34	135.34	135.34	135.34	135.34
Additional Paid-In Capital	1,906	1,906	1,906	1,906	1,906
Retained Earnings	7,114	6,151	23,270	21,800	19,883
Comprehensive Income & Other	15,483	15,652	-1,808	-1,999	-1,153
Total Common Equity	24,638	23,844	23,503	21,842	20,771
Minority Interest	522.81	571.05	807.6	798.68	1,036
Shareholders' Equity	25,160	24,415	24,311	22,641	21,807
Total Liabilities & Equity	57,347	58,329	60,031	59,004	54,483
Total Debt	18,088	19,646	20,696	20,614	18,318
Net Cash (Debt)	-12,728	-14,207	-15,319	-13,969	-11,169
Net Cash Per Share	-4.13	-4.61	-4.97	-4.54	-3.63
Filing Date Shares Outstanding	3,102	3,102	3,102	3,102	3,102
Total Common Shares Outstanding	3,102	3,102	3,102	3,102	3,102
Working Capital	-50.71	-1,867	-3,699	2,546	3,488
Book Value Per Share	7.94	7.69	7.58	7.04	6.70
Tangible Book Value	23,976	23,051	22,554	20,862	19,727
Tangible Book Value Per Share	7.73	7.43	7.27	6.72	6.36
Land	10,352	9,801	8,701	7,549	7,071
Machinery	11,253	11,218	11,191	10,384	8,755
Construction In Progress	3,112	3,017	3,616	3,165	2,321
Leasehold Improvements	469.03	397.44	292.67	216.02	194.41

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