SHA:600081 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	2,471	3,201	3,404	3,451	2,315	1,843
Trading Asset Securities	660	-	-	-	80	30
Cash & Short-Term Investments	3,131	3,201	3,404	3,451	2,395	1,873
Cash Growth	-4.53%	-5.96%	-1.36%	44.06%	27.86%	42.30%
Accounts Receivable	2,772	3,094	2,751	3,156	2,449	3,331
Other Receivables	69.89	93.28	65.92	57.98	57.94	117.82
Receivables	2,842	3,187	2,816	3,214	2,507	3,449
Inventory	393.38	469.26	364.05	492.29	456.71	423.81
Other Current Assets	170.94	139.13	116.27	172.02	107.46	186.78
Total Current Assets	6,537	6,996	6,700	7,329	5,467	5,933
Property, Plant & Equipment	1,369	1,378	1,443	1,516	1,558	1,636
Long-Term Investments	1,626	1,597	1,646	1,618	1,585	1,664
Goodwill	1.79	1.79	1.79	1.79	1.79	1.79
Other Intangible Assets	156.63	158.65	130.55	131.93	131.25	140.13
Long-Term Deferred Tax Assets	91.71	90.71	92.7	106.49	102.5	100.99
Long-Term Deferred Charges	21.74	18.41	61.09	49.89	50.46	53.89
Other Long-Term Assets	27.63	32.39	22.64	19.03	20.3	22.86
Total Assets	9,831	10,273	10,099	10,771	8,916	9,552
Accounts Payable	2,712	3,093	3,100	3,508	3,066	3,887
Accrued Expenses	111.62	479.4	397.26	384.75	452.42	499.63
Short-Term Debt	365	380	392	369	529.5	273.9
Current Portion of Long-Term Debt	9.64	-	-	169.68	-	230.87
Current Portion of Leases	-	9.05	7.36	8.37	10.13	10.54
Current Income Taxes Payable	52.22	40.44	36.57	36.94	31.59	30.17
Current Unearned Revenue	75.39	73.2	77.86	93.19	29.18	41.18
Other Current Liabilities	627.21	390.37	337.68	379.61	233.17	263.58
Total Current Liabilities	3,953	4,466	4,349	4,950	4,352	5,237
Long-Term Debt	-	-	-	31.09	245.57	42.42
Long-Term Leases	111.81	111.63	80.23	77.4	103.56	119.86
Long-Term Unearned Revenue	54.44	56.82	40.64	45.68	35.7	30.57
Pension & Post-Retirement Benefits	-	24.37	25.79	25.38	27.13	29.89
Long-Term Deferred Tax Liabilities	6.55	6.45	6.61	6.75	6.92	7.13
Other Long-Term Liabilities	92.63	67.68	69.76	41.3	39.56	39.06
Total Liabilities	4,219	4,733	4,572	5,177	4,810	5,505
Common Stock	553.03	553.03	553.03	578.34	470.42	470.42
Additional Paid-In Capital	2,366	2,366	2,366	2,504	1,303	1,280
Retained Earnings	1,683	1,642	1,651	1,594	1,424	1,389
Comprehensive Income & Other	20.87	15.79	10.73	-18.53	-22.37	-1.44
Total Common Equity	4,623	4,577	4,581	4,658	3,175	3,137
Minority Interest	989.42	963.88	946.11	936	930.8	909
Shareholders' Equity	5,613	5,541	5,527	5,594	4,106	4,046
Total Liabilities & Equity	9,831	10,273	10,099	10,771	8,916	9,552
Total Debt	486.45	500.69	479.59	655.54	888.76	677.6
Net Cash (Debt)	2,644	2,700	2,924	2,795	1,507	1,196
Net Cash Growth	-5.46%	-7.66%	4.61%	85.53%	25.99%	62.69%
Net Cash Per Share	4.79	4.89	5.15	5.54	3.20	3.27
Filing Date Shares Outstanding	553.31	553.03	553.03	578.34	470.42	470.42
Total Common Shares Outstanding	553.31	553.03	553.03	578.34	470.42	470.42
Working Capital	2,584	2,531	2,352	2,379	1,115	695.98
Book Value Per Share	8.36	8.28	8.28	8.05	6.75	6.67
Tangible Book Value	4,465	4,416	4,448	4,524	3,042	2,995
Tangible Book Value Per Share	8.07	7.99	8.04	7.82	6.47	6.37
Buildings	-	886.28	884.16	934.73	910.12	908.52
Machinery	-	2,154	2,185	2,140	1,940	1,828
Construction In Progress	-	178.14	95.84	83.64	88.36	112.57

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