SHA:600018 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	-	31,597	32,831	35,722	26,843	28,621
Short-Term Investments	-	504.84	505.18	505.18	505.55	574.76
Trading Asset Securities	-	0.64	0.33	0.29	0.38	0.44
Cash & Short-Term Investments	32,103	32,103	33,336	36,227	27,349	29,196
Cash Growth	-7.10%	-3.70%	-7.98%	32.46%	-6.33%	34.88%
Accounts Receivable	-	3,943	3,772	3,082	4,087	3,470
Other Receivables	-	643.42	647.75	64.68	294.37	87.23
Receivables	-	6,224	5,954	4,930	6,605	5,699
Inventory	-	6,561	7,458	10,282	11,538	14,298
Prepaid Expenses	-	709.68	501.55	638.2	442.33	-
Other Current Assets	-	1,816	1,494	972.42	590.19	1,357
Total Current Assets	-	47,413	48,744	53,050	46,525	50,550
Property, Plant & Equipment	-	51,208	46,309	45,091	38,398	34,664
Long-Term Investments	-	89,462	82,440	79,365	73,438	62,530
Goodwill	-	362.5	327.19	327.19	251.32	251.32
Other Intangible Assets	-	13,568	13,592	14,090	13,553	13,935
Long-Term Accounts Receivable	-	56.26	145.19	150.22	165.7	592.28
Long-Term Deferred Tax Assets	-	941.23	1,440	1,735	1,747	1,262
Long-Term Deferred Charges	-	4,092	4,319	4,487	4,356	4,490
Other Long-Term Assets	-	14,632	14,740	5,280	3,347	2,489
Total Assets	-	221,736	212,056	203,576	181,802	170,787
Accounts Payable	-	616.86	652.21	513.94	359.31	386.36
Accrued Expenses	-	5,791	5,691	5,968	6,299	5,194
Short-Term Debt	-	268.3	88.71	150.67	156.25	7,138
Current Portion of Long-Term Debt	-	11,513	9,655	6,062	8,884	6,612
Current Portion of Leases	-	861.04	570.47	455.44	678.1	301.19
Current Income Taxes Payable	-	616.34	466.51	593.09	319.11	468.94
Current Unearned Revenue	-	377.22	680.12	2,948	4,550	4,489
Other Current Liabilities	-	7,782	5,264	6,144	4,618	4,692
Total Current Liabilities	-	27,826	23,068	22,835	25,864	29,282
Long-Term Debt	-	34,786	38,579	41,805	31,936	31,137
Long-Term Leases	-	647.05	333.58	363.35	610.94	411.45
Long-Term Unearned Revenue	-	524.11	472.56	284.55	320.56	249.19
Pension & Post-Retirement Benefits	-	590.04	607.16	520.2	454.1	336.07
Long-Term Deferred Tax Liabilities	-	854.57	993.4	969.66	822.6	732.33
Other Long-Term Liabilities	-	576.46	592.57	610.93	626.77	834.09
Total Liabilities	-	65,804	64,647	67,389	60,635	62,982
Common Stock	-	23,280	23,281	23,284	23,284	23,279
Additional Paid-In Capital	-	10,725	12,198	12,194	11,253	9,751
Retained Earnings	-	106,277	97,252	87,465	77,524	65,994
Treasury Stock	-	-51.57	-115.65	-212.76	-228.23	-232.27
Comprehensive Income & Other	-	711.03	691.57	444.93	493.94	999.44
Total Common Equity	140,942	140,942	133,307	123,175	112,327	99,791
Minority Interest	-	14,990	14,102	13,011	8,840	8,015
Shareholders' Equity	155,932	155,932	147,409	136,186	121,167	107,806
Total Liabilities & Equity	-	221,736	212,056	203,576	181,802	170,787
Total Debt	48,076	48,076	49,227	48,837	42,265	45,599
Net Cash (Debt)	-15,973	-15,973	-15,891	-12,609	-14,916	-16,403
Net Cash Per Share	-0.69	-0.69	-0.68	-0.54	-0.64	-0.67
Filing Date Shares Outstanding	23,248	23,280	23,281	23,284	23,284	23,279
Total Common Shares Outstanding	23,248	23,280	23,281	23,284	23,284	23,279
Working Capital	-	19,588	25,676	30,214	20,661	21,268
Book Value Per Share	6.05	6.05	5.73	5.29	4.82	4.29
Tangible Book Value	127,011	127,011	119,388	108,758	98,524	85,604
Tangible Book Value Per Share	5.46	5.46	5.13	4.67	4.23	3.68
Buildings	-	9,592	9,738	9,398	9,191	8,918
Machinery	-	29,245	27,864	25,185	23,125	22,141
Construction In Progress	-	11,097	6,862	8,377	4,324	1,717

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