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	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	-	122,906	134,167	147,982	176,537	171,384
Short-Term Investments	-	103.17	-	-	-	-
Trading Asset Securities	-	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	-8.05%	-8.41%	-9.24%	-16.01%	3.02%	17.05%
Accounts Receivable	-	7,821	5,201	4,051	4,328	3,673
Other Receivables	-	130,377	143,141	150,388	157,426	157,849
Receivables	-	138,198	148,342	154,439	161,753	161,521
Inventory	-	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	-	21,791	30,884	28,665	29,263	48,249
Total Current Assets	-	1,007,633	1,167,068	1,268,539	1,300,401	1,247,342
Property, Plant & Equipment	-	11,303	10,086	12,999	15,952	16,029
Long-Term Investments	-	97,708	103,894	105,731	108,350	98,267
Goodwill	-	66.89	65.92	65.92	66.82	66.82
Other Intangible Assets	-	322.52	346.1	373.48	370.97	404.16
Long-Term Accounts Receivable	-	-	-	-	-	0.64
Long-Term Deferred Tax Assets	-	19,999	17,751	16,274	13,864	9,331
Long-Term Deferred Charges	-	297.5	237.39	284.42	369.67	498.25
Other Long-Term Assets	-	50,962	35,660	32,645	30,794	27,297
Total Assets	-	1,188,292	1,335,108	1,436,912	1,471,353	1,399,933
Accounts Payable	-	61,160	70,282	86,077	88,148	73,549
Accrued Expenses	-	98,183	113,577	140,412	136,344	129,617
Short-Term Debt	-	4,723	4,827	5,213	1,197	4,094
Current Portion of Long-Term Debt	-	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	-	5,771	5,532	4,910	-11,557	-12,135
Current Unearned Revenue	-	247,201	335,385	378,032	412,913	416,869
Other Current Liabilities	-	100,929	113,211	130,561	135,287	146,250
Total Current Liabilities	-	583,799	722,599	813,731	842,280	818,817
Long-Term Debt	-	270,535	264,205	280,516	300,199	273,523
Long-Term Leases	-	2,909	3,987	3,868	5,080	4,086
Long-Term Unearned Revenue	-	67.72	66.31	61.56	58.07	54.08
Pension & Post-Retirement Benefits	-	17.15	23.46	21.92	24.99	24.35
Long-Term Deferred Tax Liabilities	-	1,262	1,497	1,686	1,562	513.47
Other Long-Term Liabilities	-	66.71	200.04	-	-	-
Total Liabilities	-	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
Additional Paid-In Capital	-	18,061	17,872	17,488	17,626	17,817
Retained Earnings	-	162,704	163,894	163,993	157,581	147,126
Treasury Stock	-	-1,001	-1,001	-252.28	-	-
Comprehensive Income & Other	-	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	-	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	-	1,188,292	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 Growth	-	-	-	-	-	-
Net Cash Per Share	-18.38	-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	-	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