SHA:600098 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	2,131	1,973	2,297	4,070	3,898	6,125
Short-Term Investments	-	2,638	2,431	2,112	3,114	3,417
Trading Asset Securities	297.92	496.29	-	494.8	333.41	929.45
Cash & Short-Term Investments	2,429	5,107	4,728	6,677	7,346	10,471
Cash Growth	-60.61%	8.02%	-29.19%	-9.11%	-29.85%	222.99%
Accounts Receivable	5,064	4,353	4,032	4,051	3,878	2,880
Other Receivables	868.49	758.04	434.8	317.95	318.28	268.3
Receivables	5,933	5,111	4,467	4,369	4,196	3,149
Inventory	2,781	2,391	2,067	1,687	1,499	1,673
Prepaid Expenses	-	18.34	9.55	8.69	15.58	10.15
Restricted Cash	-	332.45	363.24	254.27	327.35	341.4
Other Current Assets	5,720	3,415	2,587	2,399	1,209	1,500
Total Current Assets	16,863	16,375	14,222	15,394	14,593	17,145
Property, Plant & Equipment	50,271	49,301	44,909	41,296	30,829	25,833
Long-Term Investments	10,427	10,869	10,923	10,807	10,281	10,384
Goodwill	1,293	1,293	1,416	1,509	1,330	1,165
Other Intangible Assets	2,279	2,325	2,217	2,288	2,231	2,203
Long-Term Accounts Receivable	-	19.79	40.36	40.36	232.96	40.32
Long-Term Deferred Tax Assets	790.32	841.95	793.94	972.66	915.88	825.35
Long-Term Deferred Charges	259.29	261.52	186.3	143.48	76.28	37.21
Other Long-Term Assets	1,982	1,409	1,796	1,564	1,504	1,231
Total Assets	84,164	82,696	76,503	74,014	61,994	58,863
Accounts Payable	7,892	3,694	2,851	4,014	4,113	3,842
Accrued Expenses	453.45	4,793	4,630	3,615	734.25	895.27
Short-Term Debt	5,695	6,209	4,110	2,531	5,057	2,122
Current Portion of Long-Term Debt	5,368	6,438	4,513	6,040	3,438	5,070
Current Portion of Leases	-	29.9	110.9	110.34	178.77	85.1
Current Income Taxes Payable	187.73	118.32	88.46	150.88	91.18	59.16
Current Unearned Revenue	1,256	1,365	1,691	650.5	803.86	784.97
Other Current Liabilities	3,676	2,105	2,134	2,003	2,803	2,085
Total Current Liabilities	24,529	24,753	20,129	19,114	17,218	14,943
Long-Term Debt	26,887	25,806	24,963	24,773	15,141	13,105
Long-Term Leases	365.44	366.04	652.31	670.02	2,036	2,556
Long-Term Unearned Revenue	115.51	118.95	114.49	88.62	82.23	82.58
Pension & Post-Retirement Benefits	-	79.48	94.76	101.73	114.29	133.3
Long-Term Deferred Tax Liabilities	726.01	732.27	632.77	706.71	628.74	648.63
Other Long-Term Liabilities	634.2	567.47	665.54	405.92	218.02	361.73
Total Liabilities	53,256	52,423	47,252	45,861	35,439	31,831
Common Stock	3,506	3,506	3,506	3,507	3,544	3,544
Additional Paid-In Capital	8,890	8,870	8,857	8,822	9,069	9,823
Retained Earnings	14,340	13,880	12,858	12,003	11,066	10,056
Treasury Stock	-	-	-	-	-230.62	-230.62
Comprehensive Income & Other	1,049	938.54	1,175	1,002	789.7	900.36
Total Common Equity	27,785	27,194	26,396	25,333	24,238	24,093
Minority Interest	3,123	3,078	2,855	2,820	2,318	2,940
Shareholders' Equity	30,907	30,272	29,251	28,153	26,556	27,033
Total Liabilities & Equity	84,164	82,696	76,503	74,014	61,994	58,863
Total Debt	38,315	38,850	34,349	34,124	25,851	22,938
Net Cash (Debt)	-35,886	-33,743	-29,622	-27,447	-18,505	-12,467
Net Cash Per Share	-10.25	-9.64	-8.47	-7.87	-5.31	-4.56
Filing Date Shares Outstanding	3,507	3,506	3,506	3,507	3,507	3,507
Total Common Shares Outstanding	3,507	3,506	3,506	3,507	3,507	3,507
Working Capital	-7,666	-8,378	-5,907	-3,720	-2,625	2,201
Book Value Per Share	7.92	7.76	7.53	7.22	6.91	6.87
Tangible Book Value	24,213	23,576	22,763	21,536	20,677	20,724
Tangible Book Value Per Share	6.90	6.72	6.49	6.14	5.90	5.91
Buildings	-	9,275	8,789	8,267	6,693	6,573
Machinery	-	58,412	52,389	46,593	34,601	30,726
Construction In Progress	-	3,900	3,225	5,941	5,600	2,797

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