SHA:600120 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	8,436	7,357	6,177	6,140	6,807	5,483
Short-Term Investments	-	1,131	580.23	603.01	401.33	616.69
Trading Asset Securities	11,091	9,489	6,509	5,423	6,202	3,729
Cash & Short-Term Investments	19,526	17,977	13,266	12,166	13,411	9,829
Cash Growth	34.95%	35.51%	9.04%	-9.29%	36.45%	41.44%
Accounts Receivable	287.22	3,909	3,106	181.5	63.11	237.93
Other Receivables	138.77	108.78	76.2	153.15	281.59	97.96
Receivables	703.69	4,853	4,118	933.53	1,055	884.69
Inventory	237.53	665.15	170.95	620.06	612.99	444.52
Prepaid Expenses	-	5.3	0.72	14.04	-	0.23
Other Current Assets	9,437	2,303	1,580	2,626	3,284	3,246
Total Current Assets	29,905	25,804	19,136	16,359	18,364	14,404
Property, Plant & Equipment	474.17	482.86	644.95	685.81	752.69	598.5
Long-Term Investments	16,457	19,850	17,117	13,933	10,537	9,038
Goodwill	466.15	466.15	466.15	466.15	466.15	-
Other Intangible Assets	530.62	541.66	686.55	722.84	747.19	441.2
Long-Term Accounts Receivable	-	11,953	8,916	6,235	-	4,444
Long-Term Deferred Tax Assets	468.25	459.29	430.27	279.5	278.35	291.88
Long-Term Deferred Charges	16.11	19.78	24.98	27.37	13.03	2.84
Other Long-Term Assets	16,353	827.39	722.12	717.36	5,437	75.18
Total Assets	64,670	60,404	48,144	39,426	36,927	29,295
Accounts Payable	1,543	1,228	1,190	958.79	499.18	537.4
Accrued Expenses	471.42	457.16	356.86	357.09	454.05	369.76
Short-Term Debt	3,081	2,828	1,667	1,523	1,212	1,896
Current Portion of Long-Term Debt	-	4,083	1,889	3,421	2,239	564.73
Current Portion of Leases	-	2.59	23.48	21.33	14.25	8.53
Current Income Taxes Payable	-	40.23	20.51	27.54	33.75	113.06
Current Unearned Revenue	6.41	27.44	29.01	261.83	140.96	195.05
Other Current Liabilities	15,608	9,707	7,716	5,314	6,533	6,167
Total Current Liabilities	20,709	18,374	12,892	11,885	11,126	9,851
Long-Term Debt	6,481	7,615	5,910	2,036	2,457	4,129
Long-Term Leases	16.85	22.45	19.12	25.88	39.93	9.09
Long-Term Unearned Revenue	-	-	-	-	-	0.09
Long-Term Deferred Tax Liabilities	624.68	714.71	584.45	625.23	619.27	997.32
Other Long-Term Liabilities	16,270	15,154	11,035	7,290	5,047	319
Total Liabilities	44,102	41,880	30,440	21,862	19,289	15,306
Common Stock	3,415	3,415	3,415	3,415	3,415	2,896
Additional Paid-In Capital	2,030	2,029	2,026	2,047	2,047	224.34
Retained Earnings	10,102	9,947	9,409	8,667	8,380	7,613
Treasury Stock	-256.51	-256.51	-256.51	-	-	-
Comprehensive Income & Other	3,115	1,362	1,070	1,554	1,680	2,563
Total Common Equity	18,406	16,497	15,664	15,684	15,522	13,296
Minority Interest	2,162	2,027	2,040	1,881	2,116	693.14
Shareholders' Equity	20,568	18,524	17,705	17,564	17,638	13,990
Total Liabilities & Equity	64,670	60,404	48,144	39,426	36,927	29,295
Total Debt	9,579	14,552	9,509	7,027	5,961	6,607
Net Cash (Debt)	9,947	3,425	3,757	5,139	7,450	3,221
Net Cash Growth	180.95%	-8.84%	-26.89%	-31.02%	131.26%	-3.96%
Net Cash Per Share	3.02	1.03	1.12	1.54	2.44	1.13
Filing Date Shares Outstanding	3,056	3,347	3,347	3,415	3,415	2,896
Total Common Shares Outstanding	3,056	3,347	3,347	3,415	3,415	2,896
Working Capital	9,196	7,430	6,244	4,475	7,238	4,553
Book Value Per Share	6.02	4.93	4.68	4.59	4.54	4.59
Tangible Book Value	17,409	15,489	14,512	14,495	14,309	12,855
Tangible Book Value Per Share	5.70	4.63	4.34	4.24	4.19	4.44
Buildings	-	547.2	670.23	670.23	776.42	651.61
Machinery	-	189.64	196.32	197.14	141.61	146.26
Construction In Progress	-	-	3.53	-	-	3.54

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