SHA:600037 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-	8,670	8,034	7,961	7,691
Cash & Short-Term Investments	7,934	8,670	8,034	7,961	7,691
Cash Growth	-8.49%	7.92%	0.92%	3.50%	2.27%
Accounts Receivable	-	698.89	607.29	579.96	459.43
Other Receivables	-	96.91	150.66	112.59	18.34
Receivables	-	795.8	757.95	692.54	477.77
Inventory	-	142.21	228.4	343.18	394.97
Other Current Assets	-	41.94	69	55.23	198.76
Total Current Assets	-	9,650	9,090	9,052	8,763
Property, Plant & Equipment	-	4,571	4,767	4,753	5,099
Long-Term Investments	-	1,269	1,429	1,640	1,378
Goodwill	-	1.3	1.3	1.3	1.3
Other Intangible Assets	-	244.41	275.77	278.48	302.76
Long-Term Accounts Receivable	-	101.89	174.83	281.95	345.13
Long-Term Deferred Tax Assets	-	13.31	20.22	13.86	8.05
Long-Term Deferred Charges	-	15.42	12.38	10.77	10.93
Other Long-Term Assets	-	171.02	133.68	126.52	95.34
Total Assets	-	16,037	15,904	16,158	16,003
Accounts Payable	-	120.93	113.88	67.26	159.05
Accrued Expenses	-	238.27	244.41	256.68	239.57
Current Portion of Leases	-	146.64	151.44	115.63	19.82
Current Income Taxes Payable	-	3.32	6.42	8.37	5.14
Current Unearned Revenue	-	1,123	876.21	898.74	988.59
Other Current Liabilities	-	666.38	557.68	447.44	369.6
Total Current Liabilities	-	2,299	1,950	1,794	1,782
Long-Term Leases	-	138.56	210.56	307.75	399.32
Long-Term Unearned Revenue	-	888.97	916.26	954.55	990.97
Long-Term Deferred Tax Liabilities	-	-	0.28	0.03	0.69
Other Long-Term Liabilities	-	-	-	-	0.7
Total Liabilities	-	3,326	3,077	3,056	3,173
Common Stock	-	1,392	1,392	1,392	1,392
Additional Paid-In Capital	-	6,556	6,556	6,556	6,555
Retained Earnings	-	4,773	4,880	5,154	4,883
Comprehensive Income & Other	-	-9.55	-	-	-
Total Common Equity	12,675	12,711	12,827	13,101	12,830
Shareholders' Equity	12,675	12,711	12,827	13,101	12,830
Total Liabilities & Equity	-	16,037	15,904	16,158	16,003
Total Debt	210.3	285.19	361.99	423.38	419.14
Net Cash (Debt)	7,724	8,385	7,672	7,537	7,272
Net Cash Growth	-7.88%	9.29%	1.79%	3.65%	-3.31%
Net Cash Per Share	5.56	6.03	5.51	5.42	5.23
Filing Date Shares Outstanding	1,265	1,392	1,392	1,392	1,392
Total Common Shares Outstanding	1,265	1,392	1,392	1,392	1,392
Working Capital	-	7,351	7,140	7,257	6,981
Book Value Per Share	9.11	9.13	9.22	9.41	9.22
Tangible Book Value	12,466	12,465	12,550	12,821	12,526
Tangible Book Value Per Share	8.96	8.96	9.02	9.21	9.00
Buildings	-	3,094	3,004	2,912	2,768
Machinery	-	11,866	11,871	11,686	11,811
Construction In Progress	-	688.31	674.39	564.07	660.63

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