SHA:600037 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	4,792	7,884	8,670	8,034	7,961	7,691
Trading Asset Securities	1,923	30	-	-	-	-
Cash & Short-Term Investments	6,715	7,914	8,670	8,034	7,961	7,691
Cash Growth	-21.63%	-8.72%	7.92%	0.92%	3.50%	2.27%
Accounts Receivable	721.54	747.2	698.89	607.29	579.96	459.43
Other Receivables	18.38	13.7	17.41	150.66	112.59	18.34
Receivables	739.92	760.91	716.3	757.95	692.54	477.77
Inventory	137.31	310.85	142.21	228.4	343.18	394.97
Prepaid Expenses	-	0.33	0.6	-	-	-
Other Current Assets	163.41	151.9	120.84	69	55.23	198.76
Total Current Assets	7,756	9,138	9,650	9,090	9,052	8,763
Property, Plant & Equipment	4,290	4,381	4,571	4,767	4,753	5,099
Long-Term Investments	3,096	1,906	1,269	1,429	1,640	1,378
Goodwill	1.3	1.3	1.3	1.3	1.3	1.3
Other Intangible Assets	193.22	216.09	244.41	275.77	278.48	302.76
Long-Term Accounts Receivable	-	88.25	101.89	174.83	281.95	345.13
Long-Term Deferred Tax Assets	10.86	11.67	13.31	20.22	13.86	8.05
Long-Term Deferred Charges	33.09	29.89	15.42	12.38	10.77	10.93
Other Long-Term Assets	245.41	145.35	171.02	133.68	126.52	95.34
Total Assets	15,625	15,918	16,037	15,904	16,158	16,003

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	718.45	126.5	120.93	113.88	67.26	159.05
Accrued Expenses	167.97	239.08	238.27	244.41	256.68	239.57
Current Portion of Leases	-	76.91	146.64	151.44	115.63	19.82
Current Income Taxes Payable	0.77	2.54	3.32	6.42	8.37	5.14
Current Unearned Revenue	671.27	1,142	1,123	876.21	898.74	988.59
Other Current Liabilities	134.33	636.29	666.38	557.68	447.44	369.6
Total Current Liabilities	1,771	2,223	2,299	1,950	1,794	1,782
Long-Term Leases	106.46	110.05	138.56	210.56	307.75	399.32
Long-Term Unearned Revenue	110.92	877.4	888.97	916.26	954.55	990.97
Long-Term Deferred Tax Liabilities	0.83	-	-	0.28	0.03	0.69
Other Long-Term Liabilities	784.71	-	-	-	-	0.7
Total Liabilities	2,774	3,211	3,326	3,077	3,056	3,173

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	1,392	1,392	1,392	1,392	1,392	1,392
Additional Paid-In Capital	6,556	6,556	6,556	6,556	6,556	6,555
Retained Earnings	4,913	4,770	4,773	4,880	5,154	4,883
Comprehensive Income & Other	-9.55	-9.55	-9.55	-	-	-
Total Common Equity	12,851	12,707	12,711	12,827	13,101	12,830
Shareholders' Equity	12,851	12,707	12,711	12,827	13,101	12,830
Total Liabilities & Equity	15,625	15,918	16,037	15,904	16,158	16,003

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	185.01	186.96	285.19	361.99	423.38	419.14
Net Cash (Debt)	6,530	7,727	8,385	7,672	7,537	7,272
Net Cash Growth	-21.62%	-7.84%	9.29%	1.79%	3.65%	-3.31%
Net Cash Per Share	3.36	4.50	6.03	5.51	5.42	5.23
Filing Date Shares Outstanding	1,455	1,392	1,392	1,392	1,392	1,392
Total Common Shares Outstanding	1,455	1,392	1,392	1,392	1,392	1,392
Working Capital	5,984	6,915	7,351	7,140	7,257	6,981
Book Value Per Share	8.83	9.13	9.13	9.22	9.41	9.22
Tangible Book Value	12,657	12,490	12,465	12,550	12,821	12,526
Tangible Book Value Per Share	8.70	8.97	8.96	9.02	9.21	9.00
Buildings	-	3,365	3,094	3,004	2,912	2,768
Machinery	-	11,844	11,866	11,871	11,686	11,811
Construction In Progress	-	406.12	688.31	674.39	564.07	660.63