SHA:600035 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	1,298	835.4	951.07	1,631	1,887	842.58
Trading Asset Securities	310	520	-	-	-	-
Cash & Short-Term Investments	1,608	1,355	951.07	1,631	1,887	842.58
Cash Growth	143.89%	42.51%	-41.70%	-13.54%	123.93%	16.78%
Accounts Receivable	465.42	547.71	329.98	278.6	386.82	476.13
Other Receivables	203.09	194.03	99.06	36.48	16.18	10.27
Receivables	668.51	741.74	429.04	315.09	403	486.4
Inventory	92.1	76.68	47.7	65.29	47.16	134.43
Prepaid Expenses	-	-	0.01	0.01	1.74	1.38
Other Current Assets	202	127.24	93.59	78.09	75.29	81.26
Total Current Assets	2,570	2,301	1,521	2,090	2,414	1,546
Property, Plant & Equipment	1,180	1,220	1,173	1,141	921.64	837.57
Long-Term Investments	3,188	3,252	3,003	1,443	423.36	460.28
Goodwill	10.55	10.55	10.55	-	-	-
Other Intangible Assets	16,674	16,721	14,810	14,792	14,223	14,666
Long-Term Accounts Receivable	-	-	3.97	5.64	9.63	4.5
Long-Term Deferred Tax Assets	55.66	57.72	56.24	44.46	28.24	13.14
Long-Term Deferred Charges	71.25	61.69	31.85	25.17	18.21	19.16
Other Long-Term Assets	1,013	419.07	4.78	5.86	10.54	5.46
Total Assets	24,763	24,043	20,614	19,547	18,049	17,552
Accounts Payable	446.23	1,287	158.48	208.44	162.93	215.29
Accrued Expenses	150.94	20.21	40.8	37.73	22.39	42.41
Short-Term Debt	1,421	1,281	1,901	1,321	1,401	1,508
Current Portion of Long-Term Debt	-	784.76	2,486	3,033	1,178	1,363
Current Portion of Leases	-	-	18.15	15.64	7.38	9.74
Current Income Taxes Payable	-	86.41	78.7	135.65	113.71	143.19
Current Unearned Revenue	50.59	29.97	13.8	20.69	16.92	21.7
Other Current Liabilities	2,883	2,114	602.52	651.04	454.17	584.39
Total Current Liabilities	4,952	5,603	5,300	5,423	3,356	3,888
Long-Term Debt	8,219	7,146	4,549	3,908	5,524	5,013
Long-Term Leases	78.39	84.03	98.59	107.7	30.79	38.44
Long-Term Unearned Revenue	330.7	360.45	452.95	529.75	612.07	555.13
Long-Term Deferred Tax Liabilities	119.62	120.05	82.75	44.11	21.18	9.51
Other Long-Term Liabilities	2.39	2.43	2.49	2.45	63.14	123.1
Total Liabilities	13,702	13,317	10,485	10,015	9,608	9,627
Common Stock	1,610	1,610	1,610	1,610	1,610	1,610
Additional Paid-In Capital	1,107	1,107	1,107	1,107	1,107	1,107
Retained Earnings	6,447	6,207	5,941	5,479	4,763	4,265
Comprehensive Income & Other	-62.18	-62.37	-27.32	-5.22	10.8	15.37
Total Common Equity	9,101	8,862	8,631	8,191	7,490	6,998
Minority Interest	1,959	1,865	1,498	1,341	950.76	926.5
Shareholders' Equity	11,060	10,727	10,129	9,532	8,441	7,924
Total Liabilities & Equity	24,763	24,043	20,614	19,547	18,049	17,552
Total Debt	9,719	9,296	9,053	8,385	8,141	7,933
Net Cash (Debt)	-8,111	-7,941	-8,102	-6,754	-6,255	-7,090
Net Cash Per Share	-5.13	-5.00	-5.07	-4.23	-3.89	-4.41
Filing Date Shares Outstanding	1,595	1,478	1,610	1,610	1,610	1,610
Total Common Shares Outstanding	1,595	1,478	1,610	1,610	1,610	1,610
Working Capital	-2,382	-3,302	-3,778	-3,333	-942.38	-2,342
Book Value Per Share	5.71	6.00	5.36	5.09	4.65	4.35
Tangible Book Value	-7,583	-7,870	-6,190	-6,600	-6,733	-7,668
Tangible Book Value Per Share	-4.75	-5.33	-3.84	-4.10	-4.18	-4.76
Buildings	-	-	821.65	819.76	752.57	636.23
Machinery	-	-	242.41	221.15	146	149.28
Construction In Progress	-	-	277.72	214.38	125.13	103.15

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