SHA:600320 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	3,194	4,570	5,867	5,105	2,397	4,572
Trading Asset Securities	385.3	411.88	542.64	720.59	877.48	1,154
Cash & Short-Term Investments	3,579	4,982	6,409	5,826	3,275	5,725
Cash Growth	-26.93%	-22.27%	10.02%	77.91%	-42.81%	25.84%
Accounts Receivable	11,693	12,190	11,964	11,026	10,933	8,670
Other Receivables	648.13	1,593	2,126	2,587	1,896	2,378
Receivables	12,341	13,783	14,090	13,613	12,829	11,047
Inventory	23,824	23,865	24,555	24,281	21,513	22,074
Other Current Assets	2,817	2,173	1,890	1,791	1,230	1,534
Total Current Assets	42,561	44,804	46,944	45,510	38,847	40,381
Property, Plant & Equipment	24,104	24,369	25,030	25,238	25,514	24,718
Long-Term Investments	2,000	1,998	1,958	2,061	2,076	1,908
Goodwill	267.51	269.29	271.9	270.17	268.25	258.64
Other Intangible Assets	4,376	4,396	4,388	4,093	3,554	3,400
Long-Term Deferred Tax Assets	899.1	952.78	877.27	893.7	867.94	773.71
Long-Term Deferred Charges	1.68	1.96	1.59	1.06	0.41	0.1
Other Long-Term Assets	5,990	6,245	6,297	6,797	7,086	6,892
Total Assets	80,199	83,035	85,767	84,865	78,213	78,332
Accounts Payable	17,423	16,415	13,866	13,043	12,017	10,673
Accrued Expenses	39.35	403.1	324.77	296.97	190.12	113.36
Short-Term Debt	3,982	3,687	2,297	4,782	1,794	5,978
Current Portion of Long-Term Debt	4,852	4,136	6,568	8,480	6,544	2,168
Current Portion of Leases	-	172.78	177.5	171.11	417.89	356.1
Current Income Taxes Payable	339.81	42.58	29	47.34	64.62	73.52
Current Unearned Revenue	20,205	21,579	21,486	19,231	13,348	12,386
Other Current Liabilities	1,065	2,227	2,243	2,148	1,976	880.41
Total Current Liabilities	47,906	48,662	46,992	48,199	36,351	32,628
Long-Term Debt	10,724	13,050	17,786	15,105	21,020	24,944
Long-Term Leases	25.13	1,005	1,187	1,341	1,253	1,430
Long-Term Unearned Revenue	355.02	343.24	341.56	369.05	332.42	388.82
Long-Term Deferred Tax Liabilities	164.01	178.64	137.69	133.27	99.24	76.88
Other Long-Term Liabilities	1,958	1,040	1,001	850.26	1,036	1,215
Total Liabilities	61,132	64,280	67,445	65,998	60,091	60,682
Common Stock	5,268	5,268	5,268	5,268	5,268	5,268
Additional Paid-In Capital	4,738	4,733	4,709	4,883	4,843	4,843
Retained Earnings	5,995	5,619	5,296	5,036	4,530	4,447
Treasury Stock	-55	-29.01	-	-	-	-
Comprehensive Income & Other	548.45	585	594.48	569.53	527.81	432.58
Total Common Equity	16,495	16,177	15,868	15,757	15,168	14,990
Minority Interest	2,572	2,579	2,455	3,110	2,954	2,660
Shareholders' Equity	19,067	18,755	18,322	18,867	18,122	17,650
Total Liabilities & Equity	80,199	83,035	85,767	84,865	78,213	78,332
Total Debt	19,583	22,051	28,016	29,879	31,028	34,876
Net Cash (Debt)	-16,004	-17,069	-21,607	-24,053	-27,753	-29,150
Net Cash Per Share	-3.06	-3.27	-4.05	-4.63	-5.22	-5.30
Filing Date Shares Outstanding	5,301	5,268	5,268	5,268	5,268	5,268
Total Common Shares Outstanding	5,301	5,268	5,268	5,268	5,268	5,268
Working Capital	-5,345	-3,859	-47.76	-2,688	2,496	7,753
Book Value Per Share	3.11	2.98	2.92	2.90	2.78	2.85
Tangible Book Value	11,851	11,511	11,207	11,393	11,346	11,331
Tangible Book Value Per Share	2.24	2.09	2.03	2.07	2.06	2.15
Buildings	-	11,737	11,672	11,541	11,351	11,154
Machinery	-	29,414	29,145	24,774	24,789	23,188
Construction In Progress	-	1,443	1,302	5,185	4,839	4,692

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