SHA:600211 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	2,828	2,327	1,648	1,860	1,140	764.41
Trading Asset Securities	995.32	1,123	976.62	515.34	792.49	537.87
Cash & Short-Term Investments	3,823	3,450	2,625	2,375	1,932	1,302
Cash Growth	22.28%	31.44%	10.51%	22.92%	48.38%	66.22%
Accounts Receivable	703.69	917.49	732.82	856.71	625.68	632.32
Other Receivables	18.31	17.44	11.85	11.82	12.63	12.83
Receivables	722	934.93	744.67	868.52	638.31	645.15
Inventory	193.31	181.27	134.19	111.43	99.95	137.32
Prepaid Expenses	-	0.07	0.31	0.01	1.5	-
Other Current Assets	57.4	70.89	65.91	47.77	40.04	97.16
Total Current Assets	4,796	4,637	3,570	3,403	2,712	2,182
Property, Plant & Equipment	642.01	655.35	669.85	600.33	551.38	764.54
Long-Term Investments	409.1	425.5	132.94	116.62	129.75	130.25
Goodwill	82.84	84.01	8.88	8.88	8.88	8.88
Other Intangible Assets	287.48	300.78	184.09	202.46	416.48	411.66
Long-Term Deferred Tax Assets	129.93	132.52	151.05	115.48	71.34	67.16
Long-Term Deferred Charges	5.27	5.62	2.63	1.93	2.79	47.69
Other Long-Term Assets	39.45	26.3	27.99	138.79	206.96	190.57
Total Assets	6,392	6,267	4,747	4,587	4,100	3,803
Accounts Payable	30.68	31.9	13.5	5.51	14.37	13.22
Accrued Expenses	83.72	587.08	377.65	530.39	412.7	398.67
Short-Term Debt	1,050	840.34	272.17	499.99	486.1	534.66
Current Portion of Leases	-	0.85	0.92	0.88	1	2.13
Current Income Taxes Payable	-	29.03	25.5	45.31	27.13	22.13
Current Unearned Revenue	6.13	2.95	4.91	9.84	5.34	3.29
Other Current Liabilities	491.82	147.97	71.92	92.56	79.56	135.56
Total Current Liabilities	1,663	1,640	766.57	1,184	1,026	1,110
Long-Term Debt	10	-	-	-	-	-
Long-Term Leases	0.14	0.15	0.3	1.13	1.14	1.86
Long-Term Unearned Revenue	27.57	28.11	27.36	25.85	27.53	30.5
Long-Term Deferred Tax Liabilities	25.17	25.46	1	2.29	14.01	15.61
Other Long-Term Liabilities	438.47	436.06	-	-	-	-
Total Liabilities	2,164	2,130	795.23	1,214	1,069	1,158
Common Stock	322.32	322.32	322.32	247.94	247.94	247.94
Additional Paid-In Capital	744.75	752.2	1,188	1,263	1,266	1,265
Retained Earnings	2,963	2,664	2,330	1,773	1,455	1,169
Comprehensive Income & Other	47.44	59.51	77.57	61.21	42.98	-51.42
Total Common Equity	3,900	3,798	3,918	3,345	3,012	2,630
Minority Interest	327.76	339.05	34.29	29.03	19.03	14.66
Shareholders' Equity	4,228	4,137	3,952	3,374	3,031	2,645
Total Liabilities & Equity	6,392	6,267	4,747	4,587	4,100	3,803
Total Debt	1,060	841.34	273.39	501.99	488.25	538.65
Net Cash (Debt)	2,763	2,609	2,351	1,873	1,444	763.63
Net Cash Growth	5.88%	10.95%	25.54%	29.71%	89.11%	-1.22%
Net Cash Per Share	8.57	8.09	7.29	5.80	4.48	2.36
Filing Date Shares Outstanding	321.19	322.32	322.32	322.32	322.32	322.32
Total Common Shares Outstanding	321.19	322.32	322.32	322.32	322.32	322.32
Working Capital	3,133	2,997	2,803	2,218	1,686	1,072
Book Value Per Share	12.14	11.78	12.16	10.38	9.34	8.16
Tangible Book Value	3,530	3,414	3,725	3,133	2,586	2,210
Tangible Book Value Per Share	10.99	10.59	11.56	9.72	8.02	6.86
Buildings	-	535.52	530.79	462.4	389.99	439.89
Machinery	-	309.36	279.08	446.34	139.22	159.08
Construction In Progress	-	39.53	65.06	60.71	153.6	272.13

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