SHA:600389 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	909.86	875.16	1,132	2,526	2,073	1,243
Trading Asset Securities	401.64	330.56	231.76	0.24	1.75	12.42
Cash & Short-Term Investments	1,312	1,206	1,364	2,526	2,075	1,256
Cash Growth	4.46%	-11.62%	-45.99%	21.73%	65.26%	48.03%
Accounts Receivable	889.93	622.26	677.33	373.63	1,010	966.68
Other Receivables	6.46	5.77	23.6	9.64	4.4	1.44
Receivables	896.39	628.02	700.93	383.27	1,014	968.11
Inventory	819.74	851.4	928.71	816.92	1,011	1,035
Other Current Assets	1,115	1,135	1,082	117.76	94.5	116.06
Total Current Assets	4,142	3,821	4,076	3,844	4,195	3,375
Property, Plant & Equipment	4,485	4,483	3,294	1,960	1,602	1,645
Long-Term Investments	858.43	862.03	686.94	344.61	316.24	282.19
Goodwill	106.24	106.34	105.45	107.12	98.82	98.82
Other Intangible Assets	410.09	415.82	363.11	264.62	180.98	196.4
Long-Term Deferred Tax Assets	13.09	18.82	10.73	74.4	70.43	44.32
Long-Term Deferred Charges	11.9	11.66	14.59	14.18	13.34	13.99
Other Long-Term Assets	25.48	11.4	82.91	66.59	35.89	24.42
Total Assets	10,053	9,730	8,634	6,675	6,513	5,679
Accounts Payable	1,797	1,307	1,477	760.3	1,049	1,575
Accrued Expenses	113.23	197.54	201.88	179.26	235.52	192.03
Short-Term Debt	716.45	435.45	375.69	27.82	0.5	318.42
Current Portion of Long-Term Debt	515.28	473.41	96.85	670.65	0.5	-
Current Portion of Leases	-	1.52	5.37	1.67	1.42	1.55
Current Income Taxes Payable	92.05	90.64	53.93	36.13	175.81	85.77
Current Unearned Revenue	353.44	397.25	399.23	322.37	394.45	342.03
Other Current Liabilities	160.72	850	797.81	551.42	513.72	284.81
Total Current Liabilities	3,749	3,752	3,408	2,550	2,370	2,799
Long-Term Debt	1,625	1,478	1,113	202.46	602.46	302.75
Long-Term Leases	18.42	18.62	20.4	1.99	3.44	4.76
Long-Term Unearned Revenue	8.98	10.28	15.45	21.38	22.5	30.94
Pension & Post-Retirement Benefits	56.42	55.59	58.51	56.76	56.57	57.05
Long-Term Deferred Tax Liabilities	93.98	96.22	83.13	143.72	144.59	81.59
Other Long-Term Liabilities	-	0.83	0.28	0.34	0.71	1.32
Total Liabilities	5,551	5,412	4,699	2,976	3,201	3,278
Common Stock	430.65	430.65	430.65	443.48	305.37	297
Additional Paid-In Capital	187.25	188.52	202.64	413.85	346.34	145.37
Retained Earnings	3,575	3,392	3,096	2,927	2,843	1,914
Treasury Stock	-	-	-	-183.4	-175.96	-
Comprehensive Income & Other	-12.88	-12.14	-10.98	-10.2	-8.95	-9.05
Total Common Equity	4,180	3,999	3,718	3,591	3,310	2,348
Minority Interest	322.1	319.24	216.37	108.34	2.78	54.01
Shareholders' Equity	4,502	4,318	3,935	3,699	3,312	2,402
Total Liabilities & Equity	10,053	9,730	8,634	6,675	6,513	5,679
Total Debt	2,875	2,407	1,612	904.58	608.32	627.49
Net Cash (Debt)	-1,563	-1,201	-247.33	1,621	1,467	628.02
Net Cash Growth	-	-	-	10.54%	133.52%	217.81%
Net Cash Per Share	-3.63	-2.80	-0.57	3.72	3.36	1.46
Filing Date Shares Outstanding	430.65	430.65	430.65	430.65	454.42	430.65
Total Common Shares Outstanding	430.65	430.65	430.65	430.65	454.42	430.65
Working Capital	393.69	68.27	667.81	1,294	1,825	575.36
Book Value Per Share	9.71	9.29	8.63	8.34	7.28	5.45
Tangible Book Value	3,663	3,477	3,250	3,219	3,030	2,053
Tangible Book Value Per Share	8.51	8.07	7.55	7.47	6.67	4.77
Buildings	-	1,777	1,225	1,136	1,018	850.56
Machinery	-	4,018	3,187	3,176	2,870	2,710
Construction In Progress	-	1,431	1,608	311.34	97.63	369.58

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