SHA:600378 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	4,662	5,610	5,457	3,101	2,689	2,557
Trading Asset Securities	49.57	49.48	48.57	48.59	0.37	0.49
Cash & Short-Term Investments	4,711	5,660	5,506	3,149	2,690	2,558
Cash Growth	-4.10%	2.80%	74.83%	17.09%	5.15%	28.63%
Accounts Receivable	5,845	5,008	4,406	4,280	3,929	2,264
Other Receivables	520.47	591.26	545.73	452.19	386.94	49.9
Receivables	6,365	5,600	4,952	4,742	4,366	2,363
Inventory	2,527	1,837	1,647	1,559	1,006	945.75
Prepaid Expenses	-	-	31.58	28.82	-	3.5
Other Current Assets	987.42	884.69	743.1	498.93	490.37	394.98
Total Current Assets	14,591	13,981	12,879	9,979	8,551	6,266
Property, Plant & Equipment	13,134	13,263	12,969	11,344	4,968	3,977
Long-Term Investments	2,333	2,300	2,145	1,899	194.77	148.26
Goodwill	118.44	118.44	118.44	118.44	-	-
Other Intangible Assets	1,459	1,464	1,480	1,394	1,027	883.82
Long-Term Accounts Receivable	-	-	-	6.6	-	-
Long-Term Deferred Tax Assets	227.5	232.74	176.72	163.64	61.82	49.56
Long-Term Deferred Charges	120.18	121.91	77.53	136.97	56.27	54.91
Other Long-Term Assets	244.1	254.31	305.25	326.48	569.55	279.85
Total Assets	32,227	31,735	30,151	25,367	15,428	11,659
Accounts Payable	4,917	4,443	4,186	4,005	1,356	971.97
Accrued Expenses	639.62	812.4	866.56	860.75	455.22	312.1
Short-Term Debt	480.66	652.03	888.84	1,761	877.57	275.01
Current Portion of Long-Term Debt	337.22	317.77	508.63	177.08	115.77	389.11
Current Portion of Leases	-	-	22.17	26.4	4.48	4.14
Current Income Taxes Payable	246.04	187.91	34.06	147.04	100.37	51.46
Current Unearned Revenue	436.07	546.24	380.89	475.62	716.16	458.55
Other Current Liabilities	2,325	2,379	2,417	2,436	1,421	631.14
Total Current Liabilities	9,382	9,338	9,304	9,889	5,047	3,093
Long-Term Debt	2,468	2,489	2,227	2,094	1,177	406.92
Long-Term Leases	115.84	75.94	103.99	118.92	18	18.38
Long-Term Unearned Revenue	808.69	805.16	739.13	782.13	845.16	808.47
Long-Term Deferred Tax Liabilities	125.67	128.71	131.99	151.68	62.18	30.97
Other Long-Term Liabilities	54.14	53.24	73.47	95.67	55.27	58.62
Total Liabilities	12,955	12,890	12,580	13,131	7,205	4,417
Common Stock	1,290	1,290	1,290	911.47	911.47	919.23
Additional Paid-In Capital	8,735	8,735	8,732	4,644	2,558	2,639
Retained Earnings	8,441	8,065	6,990	6,255	4,737	3,839
Treasury Stock	-	-	-7.32	-74.89	-87.66	-251.77
Comprehensive Income & Other	116.03	120.45	114.18	102.12	82.32	60.93
Total Common Equity	18,581	18,210	17,119	11,838	8,200	7,207
Minority Interest	690.86	634.59	452.75	398.34	23.04	35.36
Shareholders' Equity	19,272	18,845	17,572	12,236	8,223	7,242
Total Liabilities & Equity	32,227	31,735	30,151	25,367	15,428	11,659
Total Debt	3,402	3,534	3,751	4,177	2,193	1,094
Net Cash (Debt)	1,309	2,125	1,755	-1,028	496.3	1,464
Net Cash Growth	5.53%	21.13%	-	-	-66.11%	-1.82%
Net Cash Per Share	1.01	1.65	1.59	-0.93	0.55	1.62
Filing Date Shares Outstanding	1,290	1,290	1,290	911.47	911.47	919.23
Total Common Shares Outstanding	1,290	1,290	1,290	911.47	911.47	919.23
Working Capital	5,209	4,643	3,575	89.34	3,505	3,172
Book Value Per Share	14.41	14.11	13.27	12.99	9.00	7.84
Tangible Book Value	17,004	16,628	15,521	10,325	7,174	6,323
Tangible Book Value Per Share	13.18	12.89	12.03	11.33	7.87	6.88
Buildings	-	-	4,819	4,192	2,454	2,190
Machinery	-	-	10,732	9,813	4,114	3,288
Construction In Progress	-	-	4,128	3,204	1,065	895.28

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