SHA:600037 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	4,916	7,884	8,670	8,034	7,961	7,691
Trading Asset Securities	2,900	30	-	-	-	-
Cash & Short-Term Investments	7,816	7,914	8,670	8,034	7,961	7,691
Cash Growth	-9.06%	-8.72%	7.92%	0.92%	3.50%	2.27%
Accounts Receivable	730.14	747.2	698.89	607.29	579.96	459.43
Other Receivables	15.85	13.7	17.41	150.66	112.59	18.34
Receivables	745.99	760.91	716.3	757.95	692.54	477.77
Inventory	148.8	310.85	142.21	228.4	343.18	394.97
Prepaid Expenses	-	0.33	0.6	-	-	-
Other Current Assets	179.27	151.9	120.84	69	55.23	198.76
Total Current Assets	8,890	9,138	9,650	9,090	9,052	8,763
Property, Plant & Equipment	4,331	4,381	4,571	4,767	4,753	5,099
Long-Term Investments	1,904	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	205.95	216.09	244.41	275.77	278.48	302.76
Long-Term Accounts Receivable	90.46	88.25	101.89	174.83	281.95	345.13
Long-Term Deferred Tax Assets	11.67	11.67	13.31	20.22	13.86	8.05
Long-Term Deferred Charges	31.14	29.89	15.42	12.38	10.77	10.93
Other Long-Term Assets	152.66	145.35	171.02	133.68	126.52	95.34
Total Assets	15,617	15,918	16,037	15,904	16,158	16,003
Accounts Payable	620.75	126.5	120.93	113.88	67.26	159.05
Accrued Expenses	177.27	239.08	238.27	244.41	256.68	239.57
Current Portion of Leases	76.4	76.91	146.64	151.44	115.63	19.82
Current Income Taxes Payable	2.59	2.54	3.32	6.42	8.37	5.14
Current Unearned Revenue	949.63	1,142	1,123	876.21	898.74	988.59
Other Current Liabilities	36.68	636.29	666.38	557.68	447.44	369.6
Total Current Liabilities	1,863	2,223	2,299	1,950	1,794	1,782
Long-Term Leases	107.72	110.05	138.56	210.56	307.75	399.32
Long-Term Unearned Revenue	871.17	877.4	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	2,842	3,211	3,326	3,077	3,056	3,173
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	4,837	4,770	4,773	4,880	5,154	4,883
Comprehensive Income & Other	-9.55	-9.55	-9.55	-	-	-
Total Common Equity	12,775	12,707	12,711	12,827	13,101	12,830
Shareholders' Equity	12,775	12,707	12,711	12,827	13,101	12,830
Total Liabilities & Equity	15,617	15,918	16,037	15,904	16,158	16,003
Total Debt	184.12	186.96	285.19	361.99	423.38	419.14
Net Cash (Debt)	7,631	7,727	8,385	7,672	7,537	7,272
Net Cash Growth	-8.41%	-7.84%	9.29%	1.79%	3.65%	-3.31%
Net Cash Per Share	4.45	4.50	6.03	5.51	5.42	5.23
Filing Date Shares Outstanding	1,392	1,392	1,392	1,392	1,392	1,392
Total Common Shares Outstanding	1,392	1,392	1,392	1,392	1,392	1,392
Working Capital	7,026	6,915	7,351	7,140	7,257	6,981
Book Value Per Share	9.18	9.13	9.13	9.22	9.41	9.22
Tangible Book Value	12,568	12,490	12,465	12,550	12,821	12,526
Tangible Book Value Per Share	9.03	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