SHA:600022 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	5,705	6,012	4,865	6,141	7,892	9,834
Cash & Short-Term Investments	5,705	6,012	4,865	6,141	7,892	9,834
Cash Growth	-2.80%	23.57%	-20.79%	-22.18%	-19.75%	43.94%
Accounts Receivable	2,097	1,390	1,223	2,022	1,592	2,503
Other Receivables	539.54	543.74	502.88	507.95	465.31	466.7
Receivables	2,636	1,934	1,726	2,530	2,058	2,969
Inventory	6,447	6,237	5,264	4,814	4,983	6,111
Prepaid Expenses	-	-	0	-	-	-
Other Current Assets	1,426	1,320	1,425	1,147	1,242	1,178
Total Current Assets	16,213	15,503	13,280	14,633	16,175	20,092
Property, Plant & Equipment	55,313	55,507	42,281	43,385	43,761	44,319
Long-Term Investments	1,791	1,785	1,837	1,942	2,017	2,014
Other Intangible Assets	6,097	6,131	5,805	5,924	4,701	4,816
Long-Term Accounts Receivable	-	-	-	-	-	48.53
Long-Term Deferred Tax Assets	1,028	1,028	920.18	853.71	834.01	642.71
Long-Term Deferred Charges	1.53	1.57	1.7	1.84	1.98	2.12
Other Long-Term Assets	1,255	1,245	1,184	12.37	1,590	611.05
Total Assets	81,698	81,200	65,308	66,751	69,080	72,546
Accounts Payable	25,691	25,251	19,492	18,519	17,408	19,375
Accrued Expenses	371.2	673.53	730.6	578.66	800.22	850.24
Short-Term Debt	11,324	12,115	6,967	3,651	3,631	6,175
Current Portion of Long-Term Debt	2,756	2,327	3,223	2,000	2,196	2,241
Current Portion of Leases	-	-	337.89	773.72	751.05	1,575
Current Income Taxes Payable	130.48	130.04	8.95	7.16	12.57	9.12
Current Unearned Revenue	2,201	1,951	1,742	2,214	3,008	2,990
Other Current Liabilities	980.91	1,064	651.62	842.36	1,041	971.66
Total Current Liabilities	43,454	43,512	33,154	28,586	28,847	34,188
Long-Term Debt	8,336	7,700	2,662	5,687	6,233	2,745
Long-Term Leases	155.71	34.25	4.95	81.16	349.16	995.37
Long-Term Unearned Revenue	492.33	507.87	503.88	539.83	563.26	621.35
Long-Term Deferred Tax Liabilities	98.23	98.24	100.69	131.97	215.06	153.71
Other Long-Term Liabilities	693.65	693.65	811.51	1,104	1,057	1,249
Total Liabilities	53,230	52,546	37,237	36,130	37,265	39,952
Common Stock	10,699	10,699	10,699	10,699	10,699	10,947
Additional Paid-In Capital	14,890	14,890	8,123	8,123	8,123	8,195
Retained Earnings	-6,671	-6,453	33.75	2,300	3,020	3,105
Treasury Stock	-200.39	-200.39	-120.38	-	-	-319.96
Comprehensive Income & Other	93.51	71.69	47.42	9.52	-0.66	-0.52
Total Common Equity	18,811	19,008	18,783	21,131	21,842	21,927
Minority Interest	9,656	9,646	9,289	9,490	9,974	10,667
Shareholders' Equity	28,468	28,654	28,071	30,621	31,815	32,594
Total Liabilities & Equity	81,698	81,200	65,308	66,751	69,080	72,546
Total Debt	22,572	22,177	13,195	12,193	13,160	13,731
Net Cash (Debt)	-16,867	-16,165	-8,331	-6,052	-5,268	-3,898
Net Cash Per Share	-1.59	-1.53	-0.79	-0.56	-0.49	-0.36
Filing Date Shares Outstanding	10,532	10,361	10,603	10,699	10,699	10,699
Total Common Shares Outstanding	10,532	10,361	10,603	10,699	10,699	10,699
Working Capital	-27,241	-28,010	-19,874	-13,953	-12,672	-14,096
Book Value Per Share	1.79	1.83	1.77	1.98	2.04	2.05
Tangible Book Value	12,715	12,877	12,978	15,207	17,141	17,110
Tangible Book Value Per Share	1.21	1.24	1.22	1.42	1.60	1.60
Buildings	-	-	19,581	18,851	18,234	17,781
Machinery	-	-	44,287	41,760	40,859	39,902
Construction In Progress	-	-	2,016	4,110	4,359	6,449

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