SHA:600129 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	732.1	1,101	811.62	1,935	2,374	1,454
Trading Asset Securities	-	68.46	141.49	165.87	255.24	408.87
Cash & Short-Term Investments	732.1	1,170	953.11	2,101	2,630	1,863
Cash Growth	-5.77%	22.75%	-54.63%	-20.11%	41.13%	-21.80%
Accounts Receivable	3,823	3,014	2,450	2,300	2,847	2,019
Other Receivables	247.48	243.34	195.36	200.07	268.66	220.38
Receivables	4,071	3,257	2,645	2,500	3,116	2,239
Inventory	2,250	2,200	2,727	2,691	2,268	2,280
Prepaid Expenses	-	24.59	24.54	12.02	13.84	-
Other Current Assets	369.31	379.17	354.93	301.08	344.66	323.71
Total Current Assets	7,422	7,031	6,704	7,605	8,372	6,706
Property, Plant & Equipment	5,570	5,524	5,367	4,845	4,820	4,450
Long-Term Investments	10.52	53.99	79.38	89.43	99.83	162.02
Other Intangible Assets	1,372	1,385	1,417	1,282	1,078	1,141
Long-Term Deferred Tax Assets	54.18	53.97	53.13	54.48	35.99	39.27
Long-Term Deferred Charges	119.11	117.71	153.16	218.96	269.53	268.45
Other Long-Term Assets	285.63	246.43	284.24	316.9	248.71	402.95
Total Assets	14,832	14,411	14,058	14,412	14,925	13,170
Accounts Payable	2,627	2,255	1,756	2,043	1,998	2,446
Accrued Expenses	314.28	1,073	1,253	1,837	1,615	990.71
Short-Term Debt	4,828	4,756	4,405	3,284	3,402	2,988
Current Portion of Long-Term Debt	-	152.25	201.71	432.64	471.85	837.29
Current Portion of Leases	-	58.45	72.29	64.19	84.35	98.79
Current Income Taxes Payable	-	20.14	15.59	45.24	63.01	17.76
Current Unearned Revenue	129.76	480.03	581.41	804.75	1,710	582.07
Other Current Liabilities	2,153	911.78	1,070	1,037	1,282	1,037
Total Current Liabilities	10,052	9,707	9,355	9,548	10,626	8,997
Long-Term Debt	375.04	386.85	302.78	341.84	567.73	767.13
Long-Term Leases	103.29	77.82	116.35	102.13	116.71	121.01
Long-Term Unearned Revenue	124.65	127.88	158.18	138.79	140.94	143.44
Pension & Post-Retirement Benefits	-	452.97	477.88	497.59	473.9	465.12
Long-Term Deferred Tax Liabilities	4.55	5.4	12.37	16.06	40.88	73.01
Other Long-Term Liabilities	464.23	11.82	1.27	21.27	1.27	1.27
Total Liabilities	11,123	10,770	10,424	10,666	11,968	10,568
Common Stock	551.42	551.42	556.89	556.89	556.89	556.89
Additional Paid-In Capital	1,957	1,957	2,072	2,072	2,102	2,074
Retained Earnings	1,168	1,102	981.74	1,122	524.8	178.7
Comprehensive Income & Other	-107.98	-109.21	-117.99	-128.38	-95.98	-82.97
Total Common Equity	3,568	3,502	3,492	3,622	3,088	2,727
Minority Interest	140.66	140.23	141.28	123.66	-131.26	-125.39
Shareholders' Equity	3,709	3,642	3,633	3,746	2,957	2,602
Total Liabilities & Equity	14,832	14,411	14,058	14,412	14,925	13,170
Total Debt	5,306	5,432	5,098	4,225	4,642	4,812
Net Cash (Debt)	-4,574	-4,262	-4,145	-2,124	-2,013	-2,949
Net Cash Per Share	-8.45	-7.78	-7.78	-3.82	-3.64	-5.30
Filing Date Shares Outstanding	546.84	551.42	556.89	556.89	556.89	556.89
Total Common Shares Outstanding	546.84	551.42	556.89	556.89	556.89	556.89
Working Capital	-2,630	-2,676	-2,651	-1,944	-2,254	-2,291
Book Value Per Share	6.53	6.35	6.27	6.50	5.55	4.90
Tangible Book Value	2,197	2,117	2,075	2,340	2,010	1,586
Tangible Book Value Per Share	4.02	3.84	3.73	4.20	3.61	2.85
Buildings	-	4,567	4,496	4,075	3,917	3,501
Machinery	-	2,627	2,420	2,062	1,966	1,726
Construction In Progress	-	923.26	867.66	731.1	740.81	790.2

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