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	36,315	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	0.64	0.33	0.29	0.38	0.44
Cash & Short-Term Investments	36,316	32,103	33,336	36,227	27,349	29,196
Cash Growth	5.09%	-3.70%	-7.98%	32.46%	-6.33%	34.88%
Accounts Receivable	4,898	3,943	3,772	3,082	4,087	3,470
Other Receivables	929.42	643.42	647.75	64.68	294.37	87.23
Receivables	5,828	6,224	5,954	4,930	6,605	5,699
Inventory	6,682	6,561	7,458	10,282	11,538	14,298
Prepaid Expenses	-	709.68	501.55	638.2	442.33	-
Other Current Assets	3,884	1,816	1,494	972.42	590.19	1,357
Total Current Assets	52,709	47,413	48,744	53,050	46,525	50,550
Property, Plant & Equipment	51,396	51,208	46,309	45,091	38,398	34,664
Long-Term Investments	96,001	94,027	86,845	79,365	73,438	62,530
Goodwill	362.5	362.5	327.19	327.19	251.32	251.32
Other Intangible Assets	13,459	13,568	13,592	14,090	13,553	13,935
Long-Term Accounts Receivable	73.59	56.26	145.19	150.22	165.7	592.28
Long-Term Deferred Tax Assets	926.56	941.23	1,440	1,735	1,747	1,262
Long-Term Deferred Charges	4,053	4,092	4,319	4,487	4,356	4,490
Other Long-Term Assets	9,560	10,067	10,335	5,280	3,347	2,489
Total Assets	228,543	221,736	212,056	203,576	181,802	170,787
Accounts Payable	5,978	616.86	652.21	513.94	359.31	386.36
Accrued Expenses	1,199	5,791	5,691	5,968	6,299	5,194
Short-Term Debt	259.66	268.3	88.71	150.67	156.25	7,138
Current Portion of Long-Term Debt	8,848	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	1,833	616.34	466.51	593.09	319.11	468.94
Current Unearned Revenue	411.4	377.22	680.12	2,948	4,550	4,489
Other Current Liabilities	4,844	7,782	5,264	6,144	4,618	4,692
Total Current Liabilities	23,374	27,826	23,068	22,835	25,864	29,282
Long-Term Debt	39,779	34,786	38,579	41,805	31,936	31,137
Long-Term Leases	779.87	647.05	333.58	363.35	610.94	411.45
Long-Term Unearned Revenue	519.76	524.11	472.56	284.55	320.56	249.19
Pension & Post-Retirement Benefits	592.62	590.04	607.16	520.2	454.1	336.07
Long-Term Deferred Tax Liabilities	851.93	854.57	993.4	969.66	822.6	732.33
Other Long-Term Liabilities	575.36	576.46	592.57	610.93	626.77	834.09
Total Liabilities	66,472	65,804	64,647	67,389	60,635	62,982
Common Stock	23,280	23,280	23,281	23,284	23,284	23,279
Additional Paid-In Capital	11,152	10,725	12,198	12,194	11,253	9,751
Retained Earnings	110,285	106,277	97,252	87,465	77,524	65,994
Treasury Stock	-51.57	-51.57	-115.65	-212.76	-228.23	-232.27
Comprehensive Income & Other	610.07	711.03	691.57	444.93	493.94	999.44
Total Common Equity	145,276	140,942	133,307	123,175	112,327	99,791
Minority Interest	16,795	14,990	14,102	13,011	8,840	8,015
Shareholders' Equity	162,070	155,932	147,409	136,186	121,167	107,806
Total Liabilities & Equity	228,543	221,736	212,056	203,576	181,802	170,787
Total Debt	49,667	48,076	49,227	48,837	42,265	45,599
Net Cash (Debt)	-13,351	-15,973	-15,891	-12,609	-14,916	-16,403
Net Cash Per Share	-0.57	-0.69	-0.68	-0.54	-0.64	-0.67
Filing Date Shares Outstanding	23,280	23,280	23,281	23,284	23,284	23,279
Total Common Shares Outstanding	23,280	23,280	23,281	23,284	23,284	23,279
Working Capital	29,336	19,588	25,676	30,214	20,661	21,268
Book Value Per Share	6.24	6.05	5.73	5.29	4.82	4.29
Tangible Book Value	131,454	127,011	119,388	108,758	98,524	85,604
Tangible Book Value Per Share	5.65	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.