SHA:600108 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	388.68	339.9	487.8	663.83	735.47	582.88
Cash & Short-Term Investments	388.68	339.9	487.8	663.83	735.47	582.88
Cash Growth	5.42%	-30.32%	-26.52%	-9.74%	26.18%	-46.85%
Accounts Receivable	1,698	1,739	1,734	1,525	1,390	1,277
Other Receivables	181	136.81	119.94	122.24	108.28	89.46
Receivables	1,879	1,876	1,854	1,647	1,498	1,366
Inventory	1,799	1,742	1,588	1,271	1,067	1,013
Prepaid Expenses	-	-	0.05	0.05	0	-
Other Current Assets	957.52	807.51	622.02	624.76	718.24	584.33
Total Current Assets	5,024	4,766	4,552	4,206	4,019	3,546
Property, Plant & Equipment	1,713	1,694	1,749	1,528	1,447	1,429
Long-Term Investments	176.79	190.85	198.94	174.23	159.75	225.35
Other Intangible Assets	2,261	2,281	2,358	2,437	2,497	2,567
Long-Term Deferred Tax Assets	5.39	4.06	3.76	3.99	5.58	4.51
Long-Term Deferred Charges	663.76	675.98	621.97	542.68	511.04	395.88
Other Long-Term Assets	273.54	278.2	89.85	100.37	94.16	72.95
Total Assets	10,117	9,889	9,574	8,993	8,733	8,241
Accounts Payable	297.4	388.94	380.06	248.17	337.58	239.63
Accrued Expenses	31.85	49.07	88.71	85.46	92.65	75.98
Short-Term Debt	1,716	1,308	995.86	1,062	2,268	869.96
Current Portion of Long-Term Debt	1,168	1,556	326.66	89.66	125.41	118.06
Current Portion of Leases	-	-	53.67	69.99	62.32	51.61
Current Income Taxes Payable	39.89	43.02	22.96	26.91	23.62	23.48
Current Unearned Revenue	188.67	127.33	144.47	182.3	242.44	94.62
Other Current Liabilities	363.75	387.96	383.95	432.14	433.92	439.93
Total Current Liabilities	3,806	3,860	2,396	2,197	3,586	1,913
Long-Term Debt	1,299	1,044	2,306	2,167	661.88	1,836
Long-Term Leases	199.59	200.53	195.49	155.79	153.34	180.97
Long-Term Unearned Revenue	244.51	223.21	368.28	272.44	240.37	217.78
Long-Term Deferred Tax Liabilities	18.92	22.45	24.54	18.42	15.51	31.97
Other Long-Term Liabilities	215.86	215.45	0.72	3.04	1.13	1.6
Total Liabilities	5,783	5,566	5,291	4,814	4,658	4,182
Common Stock	1,947	1,947	1,947	1,947	1,947	1,947
Additional Paid-In Capital	470.06	470.06	470.06	470.32	470.32	470.32
Retained Earnings	1,869	1,848	1,802	1,717	1,626	1,556
Comprehensive Income & Other	48.76	59.26	65.25	46.64	35.57	84.72
Total Common Equity	4,335	4,325	4,284	4,181	4,078	4,058
Minority Interest	-1.53	-1.44	-1.87	-1.78	-3.63	1.06
Shareholders' Equity	4,334	4,323	4,282	4,179	4,075	4,059
Total Liabilities & Equity	10,117	9,889	9,574	8,993	8,733	8,241
Total Debt	4,382	4,109	3,878	3,545	3,271	3,057
Net Cash (Debt)	-3,994	-3,769	-3,390	-2,881	-2,536	-2,474
Net Cash Per Share	-2.05	-1.93	-1.74	-1.48	-1.30	-1.27
Filing Date Shares Outstanding	1,948	1,957	1,947	1,947	1,947	1,947
Total Common Shares Outstanding	1,948	1,957	1,947	1,947	1,947	1,947
Working Capital	1,218	905.56	2,156	2,009	432.85	1,633
Book Value Per Share	2.23	2.21	2.20	2.15	2.09	2.08
Tangible Book Value	2,074	2,044	1,926	1,743	1,581	1,491
Tangible Book Value Per Share	1.06	1.04	0.99	0.90	0.81	0.77
Buildings	-	-	959.45	855.39	834.24	802.52
Machinery	-	-	558.71	509.37	472.23	441.53
Construction In Progress	-	-	290.22	226.87	145.92	114.38

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