SHA:600278 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	3,652	4,226	4,578	4,921	5,041	4,799
Trading Asset Securities	351.88	345.51	49.55	155.37	239.94	268.34
Cash & Short-Term Investments	4,004	4,572	4,627	5,076	5,280	5,068
Cash Growth	-5.99%	-1.20%	-8.85%	-3.86%	4.20%	-14.02%
Accounts Receivable	4,896	5,048	4,514	3,211	2,425	2,517
Other Receivables	588.61	800.88	991	710.4	954.24	752.03
Receivables	5,485	5,848	5,545	3,921	3,412	3,352
Inventory	2,312	2,050	1,681	1,464	2,373	2,134
Prepaid Expenses	-	-	14.99	12.2	-	-
Other Current Assets	3,147	2,410	2,652	2,816	3,933	3,495
Total Current Assets	14,947	14,880	14,521	13,290	14,999	14,049
Property, Plant & Equipment	1,192	1,200	1,251	1,323	1,455	1,500
Long-Term Investments	1,881	2,216	2,419	1,962	1,892	2,166
Goodwill	0	0	0	0	0	-
Other Intangible Assets	257.06	258.94	263.5	269.33	276.79	285.56
Long-Term Accounts Receivable	-	-	14.92	10.36	9.87	14.43
Long-Term Deferred Tax Assets	158.36	158.42	159.53	137.65	181.85	177.88
Long-Term Deferred Charges	52.25	58.08	51.64	35.43	41.35	49.85
Other Long-Term Assets	188.07	190.82	136.8	115.31	137.44	192.82
Total Assets	18,676	18,963	18,817	17,143	18,994	18,434
Accounts Payable	5,887	6,320	5,699	4,198	4,156	4,178
Accrued Expenses	75.36	189.17	259.27	259.31	265.4	262.04
Short-Term Debt	387.27	408.05	582.94	353.65	669.15	1,010
Current Portion of Long-Term Debt	56.78	57.93	0.75	-	68.02	141.47
Current Portion of Leases	-	-	41.71	36.74	45.32	48.45
Current Income Taxes Payable	25.86	122.84	52.25	72.22	65.32	63.49
Current Unearned Revenue	3,299	2,482	2,932	3,359	4,909	4,117
Other Current Liabilities	497.57	668.65	800.63	741.61	911.96	736.47
Total Current Liabilities	10,229	10,248	10,369	9,021	11,091	10,557
Long-Term Debt	18.58	12.1	18.05	13.93	0.75	124.27
Long-Term Leases	241.93	239.56	209.63	198.73	197.83	217.69
Long-Term Unearned Revenue	5.83	6	5.29	5.76	6.4	7.09
Pension & Post-Retirement Benefits	-	-	14.71	14.72	12.08	7.95
Long-Term Deferred Tax Liabilities	253.83	325.6	286.57	198.7	242.3	274.86
Other Long-Term Liabilities	13.07	13.73	7.1	0.63	0.26	2.42
Total Liabilities	10,762	10,845	10,911	9,453	11,551	11,191
Common Stock	871.92	871.92	877.77	882.93	882.26	868.46
Additional Paid-In Capital	2,746	2,746	2,765	2,787	2,778	2,721
Retained Earnings	3,273	3,221	3,109	3,057	2,893	2,625
Treasury Stock	-53.07	-9.43	-27.58	-62.93	-59.52	-
Comprehensive Income & Other	725.98	949.44	826.01	626	568.8	699.96
Total Common Equity	7,564	7,779	7,550	7,290	7,063	6,915
Minority Interest	349.17	338.08	356.43	400.67	380.45	328.31
Shareholders' Equity	7,914	8,117	7,906	7,690	7,443	7,243
Total Liabilities & Equity	18,676	18,963	18,817	17,143	18,994	18,434
Total Debt	704.56	717.63	853.07	603.05	981.07	1,542
Net Cash (Debt)	3,300	3,854	3,774	4,473	4,299	3,525
Net Cash Growth	1.20%	2.12%	-15.63%	4.05%	21.95%	-25.88%
Net Cash Per Share	3.79	4.38	4.36	5.10	4.89	4.07
Filing Date Shares Outstanding	890.53	950.25	877.77	882.93	883.97	883.53
Total Common Shares Outstanding	890.53	950.25	877.77	882.93	882.26	868.46
Working Capital	4,718	4,632	4,152	4,270	3,908	3,491
Book Value Per Share	8.49	8.19	8.60	8.26	8.01	7.96
Tangible Book Value	7,307	7,520	7,286	7,020	6,786	6,629
Tangible Book Value Per Share	8.21	7.91	8.30	7.95	7.69	7.63
Land	-	-	-	-	-	52.2
Buildings	-	-	1,136	1,292	1,273	1,200
Machinery	-	-	988.55	999.46	1,168	1,094
Construction In Progress	-	-	53.97	35.35	5.24	9.42

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