SHA:600131 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	2,084	2,329	2,918	2,674	2,325	2,431
Short-Term Investments	-	1.14	-	-	-	-
Cash & Short-Term Investments	2,084	2,330	2,918	2,674	2,325	2,431
Cash Growth	-19.75%	-20.16%	9.14%	15.02%	-4.37%	-5.54%
Accounts Receivable	5,836	7,161	7,809	7,662	6,688	6,159
Other Receivables	324.43	249.04	1,723	333.73	201.34	222.28
Receivables	6,160	7,410	9,531	7,996	6,889	6,381
Inventory	1,008	654.02	675.64	151.1	190.69	243.27
Other Current Assets	756.93	566.87	347.76	164.34	115	135.96
Total Current Assets	10,008	10,961	13,473	10,985	9,520	9,191
Property, Plant & Equipment	1,063	1,107	1,192	920.66	1,006	1,200
Long-Term Investments	354.44	330.16	340.88	359.59	368.38	358.36
Other Intangible Assets	1,040	1,101	1,115	856.48	728.79	317.71
Long-Term Deferred Tax Assets	115.93	116.11	101.75	83.24	45.81	29.94
Long-Term Deferred Charges	594.14	523.49	383.36	341.97	363.52	294.08
Other Long-Term Assets	35.4	36.41	39.99	26.62	0.05	3.05
Total Assets	13,211	14,175	16,646	13,574	12,033	11,395
Accounts Payable	5,771	6,504	7,361	6,266	5,377	5,186
Accrued Expenses	9.12	48.79	53.73	165.71	106.35	64.63
Short-Term Debt	192.77	297.7	188.36	267.22	249.74	400
Current Portion of Leases	52.28	103.17	61.94	13.2	81.91	80.09
Current Income Taxes Payable	36.75	48.66	40.2	41.01	52.16	43.82
Current Unearned Revenue	127.7	101.86	237.72	234.47	208.44	137.79
Other Current Liabilities	92.98	185.83	302.87	186.41	183.28	266.08
Total Current Liabilities	6,283	7,290	8,245	7,174	6,259	6,178
Long-Term Leases	190.06	152.72	182.01	17.48	17.43	81.85
Long-Term Unearned Revenue	4.34	4.62	3.75	1.85	4.26	2.5
Long-Term Deferred Tax Liabilities	50.54	49.99	43.27	48.98	1.92	-
Other Long-Term Liabilities	14.22	14.22	13.27	-	16.94	-
Total Liabilities	6,542	7,512	8,488	7,242	6,300	6,263
Common Stock	1,198	1,198	1,202	1,202	1,203	1,195
Additional Paid-In Capital	47.34	47.34	1,939	1,508	1,499	1,435
Retained Earnings	5,249	5,245	4,851	3,686	3,098	2,502
Treasury Stock	-12.67	-12.67	-44.15	-65.62	-67.29	-
Total Common Equity	6,482	6,478	7,947	6,331	5,732	5,132
Minority Interest	186.69	185.85	211.22	0.59	0.58	0.58
Shareholders' Equity	6,669	6,664	8,159	6,332	5,733	5,132
Total Liabilities & Equity	13,211	14,175	16,646	13,574	12,033	11,395
Total Debt	435.11	553.58	432.32	297.89	349.08	561.94
Net Cash (Debt)	1,649	1,776	2,486	2,376	1,976	1,869
Net Cash Growth	-26.02%	-28.55%	4.63%	20.26%	5.70%	-7.18%
Net Cash Per Share	1.38	1.49	2.07	1.98	1.65	1.57
Filing Date Shares Outstanding	1,198	1,198	1,202	1,202	1,203	1,195
Total Common Shares Outstanding	1,198	1,198	1,202	1,202	1,203	1,195
Working Capital	3,726	3,671	5,228	3,812	3,261	3,013
Book Value Per Share	5.41	5.41	6.61	5.27	4.77	4.29
Tangible Book Value	5,442	5,377	6,832	5,475	5,004	4,814
Tangible Book Value Per Share	4.54	4.49	5.69	4.55	4.16	4.03
Buildings	-	457.08	454.08	138.77	138.77	110.98
Machinery	-	622.61	536.98	471.44	317.62	303.24
Construction In Progress	-	20.48	58.4	264.03	364.34	608.3

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