SHA:600048 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	127,563	122,906	134,167	147,982	176,537	171,384
Short-Term Investments	103.7	103.17	-	-	-	-
Trading Asset Securities	344.92	344.92	515.58	409.27	149.55	123.38
Cash & Short-Term Investments	128,012	123,355	134,683	148,391	176,687	171,508
Cash Growth	-13.85%	-8.41%	-9.24%	-16.01%	3.02%	17.05%
Accounts Receivable	9,271	7,821	5,201	4,051	4,328	3,673
Other Receivables	131,697	130,377	143,141	150,388	157,426	157,849
Receivables	140,968	138,198	148,342	154,439	161,753	161,521
Inventory	646,724	668,175	798,559	869,508	877,893	809,656
Prepaid Expenses	-	56,115	54,600	67,534	54,804	56,407
Other Current Assets	77,236	21,791	30,884	28,665	29,263	48,249
Total Current Assets	992,940	1,007,633	1,167,068	1,268,539	1,300,401	1,247,342
Property, Plant & Equipment	11,248	11,303	10,086	12,999	15,952	16,029
Long-Term Investments	98,242	97,708	103,894	105,731	108,350	98,267
Goodwill	66.89	66.89	65.92	65.92	66.82	66.82
Other Intangible Assets	316.68	322.52	346.1	373.48	370.97	404.16
Long-Term Accounts Receivable	-	-	-	-	-	0.64
Long-Term Deferred Tax Assets	20,190	19,999	17,751	16,274	13,864	9,331
Long-Term Deferred Charges	308.14	297.5	237.39	284.42	369.67	498.25
Other Long-Term Assets	52,726	50,962	35,660	32,645	30,794	27,297
Total Assets	1,176,037	1,188,292	1,335,108	1,436,912	1,471,353	1,399,933
Accounts Payable	120,656	61,160	70,282	86,077	88,148	73,549
Accrued Expenses	20,438	98,183	113,577	140,412	136,344	129,617
Short-Term Debt	4,674	4,723	4,827	5,213	1,197	4,094
Current Portion of Long-Term Debt	71,615	65,344	79,254	68,114	79,368	60,229
Current Portion of Leases	-	487.5	529.64	413.19	579.34	345.71
Current Income Taxes Payable	14,212	5,771	5,532	4,910	-11,557	-12,135
Current Unearned Revenue	243,878	247,201	335,385	378,032	412,913	416,869
Other Current Liabilities	101,928	100,929	113,211	130,561	135,287	146,250
Total Current Liabilities	577,400	583,799	722,599	813,731	842,280	818,817
Long-Term Debt	263,259	270,535	264,205	280,516	300,199	273,523
Long-Term Leases	3,053	2,909	3,987	3,868	5,080	4,086
Long-Term Unearned Revenue	67.17	67.72	66.31	61.56	58.07	54.08
Pension & Post-Retirement Benefits	17.15	17.15	23.46	21.92	24.99	24.35
Long-Term Deferred Tax Liabilities	1,746	1,262	1,497	1,686	1,562	513.47
Other Long-Term Liabilities	33.38	66.71	200.04	-	-	-
Total Liabilities	845,576	858,657	992,578	1,099,885	1,149,204	1,097,019
Common Stock	11,970	11,970	11,970	11,970	11,970	11,970
Additional Paid-In Capital	18,026	18,061	17,872	17,488	17,626	17,817
Retained Earnings	164,228	162,704	163,894	163,993	157,581	147,126
Treasury Stock	-1,001	-1,001	-1,001	-252.28	-	-
Comprehensive Income & Other	831.15	154.67	4,861	5,343	9,050	18,647
Total Common Equity	194,054	191,889	197,596	198,543	196,228	195,561
Minority Interest	136,407	137,747	144,933	138,484	125,922	107,354
Shareholders' Equity	330,461	329,636	342,530	337,027	322,149	302,914
Total Liabilities & Equity	1,176,037	1,188,292	1,335,108	1,436,912	1,471,353	1,399,933
Total Debt	342,601	343,998	352,803	358,124	386,423	342,278
Net Cash (Debt)	-214,589	-220,644	-218,120	-209,733	-209,737	-170,770
Net Cash Per Share	-18.83	-19.19	-18.32	-17.55	-17.52	-14.28
Filing Date Shares Outstanding	11,865	11,865	11,865	11,865	11,970	11,970
Total Common Shares Outstanding	11,865	11,865	11,865	11,945	11,970	11,970
Working Capital	415,540	423,834	444,470	454,807	458,120	428,525
Book Value Per Share	16.35	16.17	16.22	16.19	15.64	14.78
Tangible Book Value	193,671	191,499	197,184	198,104	195,790	195,090
Tangible Book Value Per Share	16.32	16.14	16.19	16.16	15.60	14.74
Buildings	-	9,511	6,821	9,658	11,495	12,501
Machinery	-	1,402	1,415	1,304	1,285	1,238
Construction In Progress	-	605.81	602.58	590.23	571.06	571.06

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