SHA:600111 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	4,623	4,528	5,644	5,302	4,448	6,493
Trading Asset Securities	660.34	626.14	489.33	384.1	505.12	734
Cash & Short-Term Investments	5,284	5,154	6,134	5,686	4,953	7,227
Cash Growth	-9.62%	-15.98%	7.87%	14.80%	-31.46%	75.98%
Accounts Receivable	12,741	9,943	7,988	7,382	6,385	8,339
Other Receivables	66.13	752.98	670.31	351.94	259.45	224.52
Receivables	12,908	10,798	8,821	7,734	6,644	8,563
Inventory	16,069	17,069	15,975	14,826	14,505	10,325
Other Current Assets	1,232	445.11	733.71	710.38	1,063	618.18
Total Current Assets	35,493	33,465	31,664	28,956	27,166	26,733
Property, Plant & Equipment	9,810	9,686	9,134	6,955	5,745	4,494
Long-Term Investments	2,080	2,080	1,962	1,923	1,443	1,488
Goodwill	31.75	31.75	31.75	31.75	31.75	20.81
Other Intangible Assets	1,113	1,121	622.21	568.72	582.81	789.05
Long-Term Accounts Receivable	-	-	1.11	16.6	30.5	54.5
Long-Term Deferred Tax Assets	1,076	802.67	503.42	522.08	716.22	568.55
Long-Term Deferred Charges	568.4	574.55	617.21	706.01	610.32	306.36
Other Long-Term Assets	353.62	367.03	844.6	817.6	321.29	253.43
Total Assets	50,526	48,128	45,381	40,497	36,646	34,708
Accounts Payable	3,763	2,105	3,010	2,276	2,438	2,345
Accrued Expenses	143.76	488.29	221.37	367.45	725.63	580.29
Short-Term Debt	2,755	1,880	2,179	2,012	1,419	1,580
Current Portion of Long-Term Debt	2,577	2,377	1,088	1,554	2,798	4,058
Current Portion of Leases	-	195.03	193.19	144.23	76.84	13.94
Current Income Taxes Payable	320.81	129.22	72.75	87.62	103.45	370.87
Current Unearned Revenue	1,261	552.95	280.67	432.35	262.25	321.94
Other Current Liabilities	2,965	4,541	3,836	2,375	1,498	771.56
Total Current Liabilities	13,785	12,268	10,880	9,248	9,320	10,042
Long-Term Debt	3,804	3,952	5,157	3,255	1,814	4,941
Long-Term Leases	420.94	471.5	608.04	483.87	13.46	13.88
Long-Term Unearned Revenue	501.78	485.41	488.51	481.83	352.51	365.38
Long-Term Deferred Tax Liabilities	87.08	83.48	76.74	86.48	79.9	84.66
Other Long-Term Liabilities	9.84	9.84	14.94	39.72	32.99	37.89
Total Liabilities	18,609	17,271	17,225	13,595	11,613	15,484
Common Stock	3,615	3,615	3,615	3,615	3,615	3,633
Additional Paid-In Capital	148.51	148.51	148.51	145.1	133.44	101.09
Retained Earnings	21,396	20,478	18,354	17,602	15,848	11,572
Treasury Stock	-	-	-	-	-	-188.01
Comprehensive Income & Other	423.78	419.01	314.52	256.78	235.08	230.4
Total Common Equity	25,583	24,661	22,432	21,619	19,831	15,348
Minority Interest	6,333	6,196	5,724	5,282	5,202	3,875
Shareholders' Equity	31,916	30,857	28,155	26,901	25,033	19,224
Total Liabilities & Equity	50,526	48,128	45,381	40,497	36,646	34,708
Total Debt	9,557	8,875	9,225	7,449	6,121	10,606
Net Cash (Debt)	-4,274	-3,722	-3,091	-1,763	-1,168	-3,379
Net Cash Per Share	-1.18	-1.03	-0.86	-0.49	-0.32	-0.93
Filing Date Shares Outstanding	3,615	3,615	3,615	3,615	3,615	3,615
Total Common Shares Outstanding	3,615	3,615	3,615	3,615	3,615	3,615
Working Capital	21,707	21,197	20,783	19,708	17,845	16,691
Book Value Per Share	7.08	6.82	6.21	5.98	5.49	4.25
Tangible Book Value	24,438	23,508	21,778	21,019	19,217	14,538
Tangible Book Value Per Share	6.76	6.50	6.02	5.81	5.32	4.02
Buildings	-	5,192	4,130	3,840	3,426	3,398
Machinery	-	8,780	7,112	5,363	4,358	3,905
Construction In Progress	-	513.98	2,084	1,439	1,300	306.71

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