SHA:600020 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	557.96	477.46	497.42	482.67	960.54	1,193
Cash & Short-Term Investments	557.96	477.46	497.42	482.67	960.54	1,193
Cash Growth	9.39%	-4.01%	3.06%	-49.75%	-19.48%	25.02%
Accounts Receivable	1,973	1,847	1,315	703.67	266.25	170.77
Other Receivables	16.85	79.65	90.48	132.24	164.2	248.16
Receivables	1,990	1,927	1,405	835.92	430.45	418.93
Inventory	3,906	3,870	4,742	4,819	4,765	3,869
Prepaid Expenses	-	21.21	18.67	41.76	16.3	77.84
Other Current Assets	93.76	5.78	5.46	6.63	6.88	576.79
Total Current Assets	6,547	6,301	6,669	6,186	6,179	6,135
Property, Plant & Equipment	9,973	10,070	10,519	11,277	11,936	12,539
Long-Term Investments	6,181	6,150	5,373	5,197	5,576	5,415
Other Intangible Assets	29,153	29,013	27,426	25,387	24,908	21,920
Long-Term Deferred Tax Assets	339.16	323.37	344.87	288.38	357.1	183.58
Long-Term Deferred Charges	5.11	5.67	8.25	9.42	5.23	6.44
Other Long-Term Assets	1,572	1,682	1,823	1,715	769.19	618.23
Total Assets	53,770	53,546	52,163	50,061	49,730	46,817
Accounts Payable	227.61	349.23	205.32	813.08	401.02	600.54
Accrued Expenses	236.91	418.1	486.66	447.62	379.94	376.2
Short-Term Debt	1,123	1,617	2,779	2,402	3,778	1,086
Current Portion of Long-Term Debt	1,532	1,900	1,919	3,449	4,053	4,102
Current Portion of Leases	-	9.58	9.88	10.85	9.98	9.43
Current Income Taxes Payable	233.34	144.83	50.14	6.56	8.52	14.88
Current Unearned Revenue	32.03	40.98	38.84	62.06	51.95	243.83
Other Current Liabilities	810.83	302.16	364.57	546.18	861.63	506.47
Total Current Liabilities	4,196	4,782	5,853	7,738	9,544	6,939
Long-Term Debt	31,200	30,739	28,929	25,455	25,561	25,604
Long-Term Leases	40.26	45.69	52.29	62.28	71.38	81.26
Long-Term Unearned Revenue	848.96	855.42	872.55	926.21	980.18	1,034
Long-Term Deferred Tax Liabilities	1,524	1,492	1,289	1,116	943.67	756.25
Total Liabilities	37,809	37,913	36,996	35,297	37,100	34,416
Common Stock	2,247	2,247	2,247	2,247	2,247	2,247
Additional Paid-In Capital	1,365	1,368	1,339	1,334	1,342	1,349
Retained Earnings	8,536	8,195	8,061	7,560	6,892	7,068
Comprehensive Income & Other	3,813	3,823	3,520	3,623	2,118	1,687
Total Common Equity	15,961	15,633	15,167	14,764	12,599	12,351
Minority Interest	-0.21	-0.23	0.02	-0.28	31.26	50.72
Shareholders' Equity	15,961	15,632	15,167	14,763	12,630	12,402
Total Liabilities & Equity	53,770	53,546	52,163	50,061	49,730	46,817
Total Debt	33,895	34,311	33,689	31,380	33,473	30,883
Net Cash (Debt)	-33,337	-33,833	-33,192	-30,897	-32,512	-29,690
Net Cash Per Share	-14.91	-15.06	-14.77	-13.75	-14.47	-13.21
Filing Date Shares Outstanding	2,418	2,247	2,247	2,247	2,247	2,247
Total Common Shares Outstanding	2,418	2,247	2,247	2,247	2,247	2,247
Working Capital	2,351	1,520	815.97	-1,552	-3,365	-804
Book Value Per Share	6.60	5.15	5.07	4.89	4.61	5.50
Tangible Book Value	-13,192	-13,381	-12,259	-10,624	-12,309	-9,569
Tangible Book Value Per Share	-5.46	-7.76	-7.13	-6.41	-6.47	-4.26
Buildings	-	1,278	1,154	12.97	10.32	10.36
Machinery	-	1,867	1,857	2,961	2,945	2,342
Construction In Progress	-	141.44	39.65	76.42	52.77	36.14

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