SHA:600348 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	9,860	11,882	11,620	14,497	17,435	16,074
Cash & Short-Term Investments	9,860	11,882	11,620	14,497	17,435	16,074
Cash Growth	-12.93%	2.26%	-19.85%	-16.85%	8.47%	88.34%
Accounts Receivable	1,989	2,168	2,240	2,362	2,644	5,510
Other Receivables	110.85	110.23	332.45	141.98	442.64	301.9
Receivables	2,100	2,278	2,572	2,504	3,086	5,812
Inventory	764.09	750.74	801.67	676.99	699.65	643.1
Other Current Assets	517.21	486.12	312.84	444.34	511.78	288.62
Total Current Assets	13,241	15,397	15,307	18,123	21,733	22,817
Property, Plant & Equipment	50,269	49,927	44,710	40,003	35,586	32,235
Long-Term Investments	1,804	1,957	1,542	1,481	1,449	1,373
Other Intangible Assets	13,108	13,210	13,209	6,282	6,322	4,863
Long-Term Deferred Tax Assets	1,096	1,096	1,055	1,090	965.6	1,116
Long-Term Deferred Charges	121.4	120.34	117.9	97.11	44.46	39.3
Other Long-Term Assets	5,993	5,697	5,032	4,496	3,800	3,836
Total Assets	85,634	87,405	80,971	71,571	69,900	66,280
Accounts Payable	9,016	11,859	12,500	11,374	11,029	11,863
Accrued Expenses	1,739	1,260	2,034	2,164	2,545	3,488
Short-Term Debt	4,389	3,559	2,923	2,780	4,791	9,622
Current Portion of Long-Term Debt	-	1,151	854.14	5,290	1,074	1,904
Current Portion of Leases	-	-	50.13	26.18	47.25	62.26
Current Income Taxes Payable	-	665.81	144.37	787.85	1,596	1,438
Current Unearned Revenue	1,646	1,755	1,843	2,129	2,417	1,988
Other Current Liabilities	3,770	2,483	1,862	1,357	1,617	1,721
Total Current Liabilities	20,561	22,734	22,209	25,908	25,116	32,087
Long-Term Debt	23,209	21,596	18,475	11,042	12,730	7,513
Long-Term Leases	390.38	386.2	391.82	387.39	397.7	547.49
Long-Term Unearned Revenue	330.31	340.6	471.18	504.09	541.31	546.2
Long-Term Deferred Tax Liabilities	48.95	48.95	0.12	0.39	0.85	192.52
Other Long-Term Liabilities	1,393	1,441	1,597	1,563	1,524	928.38
Total Liabilities	45,932	46,547	43,144	39,405	40,311	41,815
Common Stock	3,608	3,608	3,608	3,608	2,405	2,405
Additional Paid-In Capital	51.71	59.77	63.71	62.93	71.56	136.37
Retained Earnings	23,344	22,860	22,438	22,887	21,067	15,474
Comprehensive Income & Other	7,837	9,614	7,168	1,306	1,843	2,431
Total Common Equity	34,840	36,142	33,278	27,863	25,387	20,446
Minority Interest	4,861	4,716	4,550	4,303	3,214	3,030
Shareholders' Equity	39,701	40,858	37,827	32,166	29,589	24,465
Total Liabilities & Equity	85,634	87,405	80,971	71,571	69,900	66,280
Total Debt	27,989	26,692	22,694	19,525	19,040	19,649
Net Cash (Debt)	-18,129	-14,810	-11,074	-5,028	-1,605	-3,575
Net Cash Per Share	-4.52	-3.74	-3.07	-1.39	-0.44	-0.99
Filing Date Shares Outstanding	3,720	4,963	3,608	3,608	3,608	3,608
Total Common Shares Outstanding	3,720	4,963	3,608	3,608	3,608	3,608
Working Capital	-7,320	-7,336	-6,902	-7,785	-3,383	-9,270
Book Value Per Share	9.37	7.28	7.57	7.72	7.04	5.39
Tangible Book Value	21,732	22,932	20,069	21,581	19,065	15,583
Tangible Book Value Per Share	5.84	4.62	3.91	5.98	5.28	4.04
Buildings	-	-	7,879	7,503	6,340	6,188
Machinery	-	-	27,270	25,792	20,915	20,477
Construction In Progress	-	-	14,293	10,761	11,947	7,959

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