SHA:600325 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	22,737	28,075	33,206	46,320	53,292	49,994
Trading Asset Securities	22.71	23.65	21.67	21.88	23.98	40.89
Cash & Short-Term Investments	22,760	28,099	33,227	46,342	53,316	50,035
Cash Growth	-29.95%	-15.43%	-28.30%	-13.08%	6.56%	14.10%
Accounts Receivable	2,497	2,345	1,547	1,250	1,245	342.63
Other Receivables	4,052	3,734	1,704	1,794	1,430	1,497
Receivables	6,549	6,078	3,251	3,043	2,675	1,840
Inventory	193,760	191,007	247,950	275,032	243,553	217,378
Prepaid Expenses	-	-	12,609	11,402	-	7,078
Other Current Assets	62,869	63,536	51,998	51,288	52,159	36,357
Total Current Assets	285,937	288,721	349,034	387,106	351,703	312,687
Property, Plant & Equipment	9,376	9,480	6,429	6,124	4,730	4,290
Long-Term Investments	21,398	21,579	28,025	25,246	25,219	21,475
Other Intangible Assets	450.85	457.71	483.3	475.49	501.61	468.6
Long-Term Deferred Tax Assets	3,577	3,582	5,285	4,623	4,373	3,816
Long-Term Deferred Charges	152.99	165.9	175.84	191.7	197.37	153.93
Other Long-Term Assets	31,722	31,856	30,862	27,933	16,875	12,167
Total Assets	352,615	355,842	420,295	451,699	403,599	355,057
Accounts Payable	23,526	25,820	29,078	41,250	34,164	32,604
Accrued Expenses	116.09	218.71	3,930	4,594	4,762	4,502
Short-Term Debt	10,447	10,996	3,930	462.95	1,809	5,065
Current Portion of Long-Term Debt	29,454	24,035	19,919	24,704	25,204	22,080
Current Portion of Leases	-	-	122.08	100.81	170.47	149.08
Current Income Taxes Payable	442.23	813.43	1,477	1,615	1,309	1,600
Current Unearned Revenue	44,013	43,444	81,270	93,018	80,894	63,307
Other Current Liabilities	33,520	33,681	35,277	33,018	26,606	23,501
Total Current Liabilities	141,518	139,008	175,002	198,764	174,919	152,807
Long-Term Debt	89,563	90,131	101,868	103,478	118,298	105,179
Long-Term Leases	1,046	1,036	956.19	841.85	972.41	973.88
Long-Term Unearned Revenue	-	-	-	-	1.05	2.66
Long-Term Deferred Tax Liabilities	237.65	290.56	442.4	515.22	236.23	202.72
Other Long-Term Liabilities	11,897	16,013	17,038	16,401	-	-
Total Liabilities	244,261	246,478	295,307	320,000	294,427	259,166
Common Stock	2,752	2,752	2,752	2,752	2,117	2,117
Additional Paid-In Capital	1,136	1,136	1,401	3,719	684.02	926.72
Retained Earnings	4,804	5,750	15,588	15,655	14,889	13,713
Treasury Stock	-310.94	-310.94	-	-	-0.02	-9.57
Comprehensive Income & Other	194.76	117.39	3.38	50.43	1,771	4,072
Total Common Equity	8,576	9,445	19,744	22,177	19,461	20,819
Minority Interest	99,777	99,919	105,244	109,523	89,711	75,073
Shareholders' Equity	108,354	109,364	124,988	131,700	109,172	95,892
Total Liabilities & Equity	352,615	355,842	420,295	451,699	403,599	355,057
Total Debt	130,510	126,198	126,795	129,588	146,454	133,447
Net Cash (Debt)	-107,750	-98,099	-93,568	-83,246	-93,138	-83,412
Net Cash Per Share	-39.58	-35.95	-34.43	-35.78	-40.68	-34.99
Filing Date Shares Outstanding	2,704	3,242	2,752	2,752	2,117	2,117
Total Common Shares Outstanding	2,704	3,242	2,752	2,752	2,117	2,117
Working Capital	144,419	149,713	174,032	188,342	176,784	159,880
Book Value Per Share	3.17	2.91	7.17	8.06	8.30	8.00
Tangible Book Value	8,126	8,988	19,261	21,701	18,959	20,350
Tangible Book Value Per Share	3.01	2.77	7.00	7.89	8.06	7.78
Buildings	-	-	5,767	5,396	3,093	2,917
Machinery	-	-	486.25	470.22	500.8	328.81
Construction In Progress	-	-	76.68	37.21	593.78	246.17

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