SHA:600029 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	17,017	16,973	15,994	9,924	20,240	21,841
Trading Asset Securities	2,763	2,853	2,695	3,161	2	-
Cash & Short-Term Investments	19,780	19,826	18,689	13,085	20,242	21,841
Cash Growth	20.89%	6.08%	42.83%	-35.36%	-7.32%	-15.42%
Accounts Receivable	5,606	4,099	3,641	3,504	2,808	3,036
Other Receivables	4,104	3,817	3,095	1,640	1,943	1,275
Receivables	9,710	7,916	6,736	5,144	4,751	4,311
Inventory	3,886	3,298	2,002	1,669	1,403	1,690
Prepaid Expenses	-	450	528	250	348	442
Other Current Assets	11,581	11,108	9,688	7,593	6,027	9,582
Total Current Assets	44,957	42,598	37,643	27,741	32,771	37,866
Property, Plant & Equipment	277,779	273,931	258,298	249,406	250,623	255,411
Long-Term Investments	8,287	8,049	10,406	10,387	6,940	6,635
Other Intangible Assets	7,739	7,547	7,341	6,629	6,547	6,564
Long-Term Accounts Receivable	146	182	381	559	744	645
Long-Term Deferred Tax Assets	12,341	12,377	12,873	12,280	12,473	12,831
Long-Term Deferred Charges	430	427	462	517	624	768
Other Long-Term Assets	4,830	4,703	2,334	1,707	1,279	2,228
Total Assets	356,509	349,814	329,738	309,226	312,001	322,948
Accounts Payable	26,581	5,389	3,085	2,490	1,975	1,365
Accrued Expenses	2,696	22,922	21,786	23,206	16,744	15,354
Short-Term Debt	33,403	45,419	51,184	51,362	66,210	49,826
Current Portion of Long-Term Debt	76,435	40,644	22,770	19,830	19,126	8,087
Current Portion of Leases	-	19,379	18,462	19,450	22,041	20,903
Current Income Taxes Payable	709	410	584	346	312	844
Current Unearned Revenue	10,617	10,734	11,044	8,688	4,879	5,258
Other Current Liabilities	8,216	9,226	9,487	9,562	10,171	9,353
Total Current Liabilities	158,657	154,123	138,402	134,934	141,458	110,990
Long-Term Debt	48,631	48,216	56,870	45,024	34,444	38,374
Long-Term Leases	84,043	84,765	74,161	69,332	73,252	82,137
Long-Term Unearned Revenue	919	814	720	752	760	725
Long-Term Deferred Tax Liabilities	21	21	7	23	24	26
Other Long-Term Liabilities	7,076	6,864	6,983	7,164	6,949	6,451
Total Liabilities	299,347	294,803	277,143	257,229	256,887	238,703
Common Stock	18,121	18,121	18,121	18,121	18,121	16,948
Additional Paid-In Capital	52,444	52,444	52,444	52,756	52,775	47,887
Retained Earnings	-33,667	-35,148	-36,005	-34,309	-30,100	2,622
Comprehensive Income & Other	163	163	169	216	261	159
Total Common Equity	37,061	35,580	34,729	36,784	41,057	67,616
Minority Interest	20,101	19,431	17,866	15,213	14,057	16,629
Shareholders' Equity	57,162	55,011	52,595	51,997	55,114	84,245
Total Liabilities & Equity	356,509	349,814	329,738	309,226	312,001	322,948
Total Debt	242,512	238,423	223,447	204,998	215,073	199,327
Net Cash (Debt)	-222,732	-218,597	-204,758	-191,913	-194,831	-177,486
Net Cash Per Share	-11.88	-12.06	-11.30	-10.59	-11.32	-10.96
Filing Date Shares Outstanding	18,121	18,121	18,121	18,121	18,121	16,948
Total Common Shares Outstanding	18,121	18,121	18,121	18,121	18,121	16,948
Working Capital	-113,700	-111,525	-100,759	-107,193	-108,687	-73,124
Book Value Per Share	2.05	1.96	1.92	2.03	2.27	3.99
Tangible Book Value	29,322	28,033	27,388	30,155	34,510	61,052
Tangible Book Value Per Share	1.62	1.55	1.51	1.66	1.90	3.60
Buildings	-	27,114	25,063	25,087	25,206	23,527
Machinery	-	207,261	184,221	163,534	151,826	150,073
Construction In Progress	-	23,955	34,584	34,199	33,322	31,869

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