SHA:600123 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	4,941	4,304	5,950	5,515	5,365	2,700
Cash & Short-Term Investments	4,941	4,304	5,950	5,515	5,365	2,700
Cash Growth	-26.67%	-27.67%	7.88%	2.81%	98.66%	50.52%
Accounts Receivable	927.43	510.05	819.4	1,661	2,316	3,141
Other Receivables	93.3	196.11	294.65	393.9	194.19	375.08
Receivables	1,021	706.16	1,114	2,055	2,510	3,516
Inventory	743.38	976.08	608.23	534.71	460.04	607.22
Other Current Assets	241.95	84.17	132.81	197.21	163.69	122.73
Total Current Assets	6,947	6,070	7,805	8,303	8,499	6,947
Property, Plant & Equipment	16,119	16,071	15,074	14,873	14,026	14,128
Long-Term Investments	1,448	1,437	1,599	2,156	1,926	1,639
Other Intangible Assets	11,789	11,840	5,049	5,206	5,547	5,670
Long-Term Accounts Receivable	-	-	7.94	-	1.2	20.62
Long-Term Deferred Tax Assets	395.86	403.87	241.62	271.91	258.95	256.72
Long-Term Deferred Charges	22.64	24.24	22.26	21.61	32.95	32.13
Other Long-Term Assets	162.98	120.14	58.25	106.1	51.34	42.38
Total Assets	36,885	35,966	29,858	30,937	30,342	28,735
Accounts Payable	3,442	3,906	3,646	2,860	2,828	2,688
Accrued Expenses	400.79	721.48	615.98	734.43	1,010	674.56
Short-Term Debt	4,201	2,510	1,747	2,042	3,361	5,425
Current Portion of Long-Term Debt	1,383	2,494	2,636	907.02	651	330
Current Portion of Leases	-	7.08	42.4	29.1	6.65	450.79
Current Income Taxes Payable	187.9	18.04	22.61	144.7	348.64	359.01
Current Unearned Revenue	634.71	465.05	549.41	647.95	934.33	929.8
Other Current Liabilities	749.76	531.29	468.62	563.6	921.04	826.4
Total Current Liabilities	10,999	10,653	9,728	7,928	10,061	11,683
Long-Term Debt	10,178	9,632	3,491	5,027	4,124	3,098
Long-Term Leases	115.93	96.06	109.29	107.57	164.45	395.24
Long-Term Unearned Revenue	74.74	76.3	84.02	70.09	87.5	83.8
Long-Term Deferred Tax Liabilities	313.51	300.33	186.54	165.86	192.26	160.4
Other Long-Term Liabilities	651.16	604.29	596.48	960.64	412.56	416.75
Total Liabilities	22,332	21,363	14,195	14,259	15,042	15,837
Common Stock	1,473	1,473	1,473	1,485	1,142	1,142
Additional Paid-In Capital	105.88	106.04	135.85	250.32	309.35	270.08
Retained Earnings	12,625	12,652	13,413	13,818	13,206	10,839
Comprehensive Income & Other	910.65	898.84	942.19	1,089	838.8	811.91
Total Common Equity	15,114	15,130	15,964	16,643	15,496	13,063
Minority Interest	-561.28	-526.82	-302.18	35.61	-196.35	-165.98
Shareholders' Equity	14,553	14,603	15,662	16,678	15,300	12,897
Total Liabilities & Equity	36,885	35,966	29,858	30,937	30,342	28,735
Total Debt	15,877	14,740	8,026	8,112	8,307	9,699
Net Cash (Debt)	-10,936	-10,436	-2,075	-2,597	-2,942	-6,998
Net Cash Per Share	-7.42	-7.08	-1.40	-1.75	-1.98	-4.71
Filing Date Shares Outstanding	1,473	1,473	1,473	1,485	1,485	1,485
Total Common Shares Outstanding	1,473	1,473	1,473	1,485	1,485	1,485
Working Capital	-4,052	-4,583	-1,923	374.7	-1,562	-4,737
Book Value Per Share	10.26	10.27	10.84	11.21	10.43	8.80
Tangible Book Value	3,326	3,290	10,915	11,437	9,949	7,394
Tangible Book Value Per Share	2.26	2.23	7.41	7.70	6.70	4.98
Buildings	-	13,749	13,013	11,791	9,210	9,495
Machinery	-	13,684	12,576	11,394	10,439	10,263
Construction In Progress	-	2,100	1,264	1,749	3,605	3,006

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