SHA:600004 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	7,450	7,079	4,731	2,528	2,227	1,573
Short-Term Investments	-	759.69	-	-	-	-
Trading Asset Securities	0.1	0.13	0.12	0.1	0.13	-
Cash & Short-Term Investments	7,450	7,839	4,731	2,528	2,227	1,573
Cash Growth	34.74%	65.70%	87.16%	13.50%	41.56%	-32.33%
Accounts Receivable	1,214	1,105	1,023	1,109	908.17	1,273
Other Receivables	393.36	388.7	60.37	59.09	233.04	415.84
Receivables	1,607	1,494	1,084	1,168	1,141	1,688
Inventory	113.56	105.81	92.68	59.01	60.43	68.04
Prepaid Expenses	-	8.04	46.02	53.26	-	12.29
Other Current Assets	949.36	169.43	132.57	218.04	55.72	20.64
Total Current Assets	10,121	9,617	6,086	4,026	3,484	3,363
Property, Plant & Equipment	18,193	18,409	19,036	20,072	21,082	22,163
Long-Term Investments	1,030	1,013	920.29	774.13	723.28	687.87
Other Intangible Assets	159.15	177.86	222.74	276.25	335.36	382.54
Long-Term Deferred Tax Assets	272.63	272.63	527.63	838.47	1,017	636.19
Long-Term Deferred Charges	5.44	6.44	5.58	8.67	11.6	2.02
Other Long-Term Assets	177.76	182.1	199.89	194.74	287.54	310.76
Total Assets	29,958	29,678	26,998	26,190	26,941	27,545
Accounts Payable	876.6	1,140	838.19	986.89	875	789.41
Accrued Expenses	195.22	734.77	647.86	666.48	674.95	732.64
Short-Term Debt	-	-	-	-	1,000	-
Current Portion of Leases	316.24	318.82	321.73	309.26	248.74	293.31
Current Income Taxes Payable	150.59	124.96	41.72	6.08	-	1.66
Current Unearned Revenue	123.9	88.9	87.67	48.16	30.9	61.55
Other Current Liabilities	4,968	4,126	4,253	3,888	4,086	4,186
Total Current Liabilities	6,631	6,534	6,191	5,905	6,916	6,065
Long-Term Leases	1,384	1,364	1,666	1,990	2,089	2,309
Long-Term Unearned Revenue	42.82	42.82	50.81	73.48	97.83	128.23
Pension & Post-Retirement Benefits	57.17	57.17	68.52	78.12	89.79	99.93
Long-Term Deferred Tax Liabilities	15.27	18.3	22.51	12.18	14	16.26
Other Long-Term Liabilities	342.79	353.15	407.74	325.53	325.53	325.53
Total Liabilities	8,473	8,369	8,406	8,384	9,532	8,944
Common Stock	2,577	2,577	2,367	2,367	2,367	2,367
Additional Paid-In Capital	11,227	11,227	9,844	9,869	9,902	9,945
Retained Earnings	7,355	7,188	6,091	5,342	4,900	5,972
Comprehensive Income & Other	23.74	32.79	45.45	15.86	20.95	29.79
Total Common Equity	21,183	21,024	18,347	17,593	17,191	18,313
Minority Interest	301.82	284.48	245.45	213.07	218.1	287.7
Shareholders' Equity	21,485	21,309	18,592	17,806	17,409	18,601
Total Liabilities & Equity	29,958	29,678	26,998	26,190	26,941	27,545
Total Debt	1,700	1,683	1,987	2,299	3,338	2,603
Net Cash (Debt)	5,750	6,157	2,744	228.66	-1,111	-1,030
Net Cash Growth	62.69%	124.40%	1099.86%	-	-	-
Net Cash Per Share	2.40	2.60	1.16	0.10	-0.47	-0.43
Filing Date Shares Outstanding	2,577	2,577	2,367	2,367	2,367	2,367
Total Common Shares Outstanding	2,577	2,577	2,367	2,367	2,367	2,367
Working Capital	3,490	3,083	-104.66	-1,878	-3,432	-2,702
Book Value Per Share	8.22	8.16	7.75	7.43	7.26	7.74
Tangible Book Value	21,024	20,847	18,124	17,317	16,855	17,931
Tangible Book Value Per Share	8.16	8.09	7.66	7.32	7.12	7.58
Buildings	-	22,340	22,250	21,330	21,454	20,996
Machinery	-	11,845	11,591	4,997	5,005	4,964
Construction In Progress	-	688.69	278.28	1,137	610.96	688.82