SHA:600395 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	2,961	2,482	1,710	2,373	4,571	1,785
Cash & Short-Term Investments	2,961	2,482	1,710	2,373	4,571	1,785
Cash Growth	9.80%	45.14%	-27.91%	-48.10%	156.14%	17.34%
Accounts Receivable	2,728	2,658	2,554	2,286	3,242	3,629
Other Receivables	81.63	105.12	108.49	99.59	142.31	94.25
Receivables	2,810	2,763	2,662	2,385	3,384	3,723
Inventory	576.43	688.31	926.03	244.61	376.08	280.03
Other Current Assets	740.6	793.19	984.76	758.55	62.55	210.16
Total Current Assets	7,088	6,727	6,283	5,761	8,394	5,998
Property, Plant & Equipment	31,580	31,285	27,358	20,970	14,216	11,414
Long-Term Investments	1,422	1,436	1,531	1,369	1,174	1,285
Other Intangible Assets	5,895	5,952	6,096	5,230	4,535	1,150
Long-Term Deferred Tax Assets	610.76	610.76	604.01	572.31	558.85	573.68
Long-Term Deferred Charges	14.2	9.09	13.77	11.69	13.07	11.56
Other Long-Term Assets	1,168	1,314	1,568	1,345	1,154	70.82
Total Assets	47,779	47,334	43,454	35,259	30,045	20,502
Accounts Payable	3,514	4,032	4,588	3,975	3,306	2,487
Accrued Expenses	367.82	325.46	524.58	558.26	561.55	557.69
Short-Term Debt	7,914	7,661	5,411	1,815	1,616	2,724
Current Portion of Long-Term Debt	1,851	2,623	1,091	776.08	313.68	72.86
Current Portion of Leases	-	-	0.5	0.49	0.06	0.06
Current Income Taxes Payable	136.7	119.03	30.21	33.38	84.23	159.91
Current Unearned Revenue	105.02	77.03	69.59	171.09	322.34	215.87
Other Current Liabilities	654.97	611.72	1,188	2,211	2,187	382.8
Total Current Liabilities	14,544	15,450	12,903	9,540	8,391	6,600
Long-Term Debt	16,625	15,260	13,791	7,739	3,309	1,757
Long-Term Leases	5.31	5.87	11.04	11.54	4.84	4.9
Long-Term Unearned Revenue	662.81	633.93	547.45	463.95	447.54	414.01
Pension & Post-Retirement Benefits	-	-	1,716	1,568	1,625	1,551
Long-Term Deferred Tax Liabilities	38.99	42.54	50.91	61	41.25	78.39
Other Long-Term Liabilities	4,080	4,228	2,945	3,360	3,643	2,147
Total Liabilities	35,955	35,620	31,965	22,744	17,461	12,552
Common Stock	2,147	2,147	2,147	2,147	2,147	1,655
Additional Paid-In Capital	4,737	4,737	4,737	4,797	4,797	1,794
Retained Earnings	4,543	4,497	4,254	4,750	4,898	3,563
Comprehensive Income & Other	-713.14	-746.33	-714.65	-280.32	-324.59	-89.12
Total Common Equity	10,713	10,634	10,422	11,414	11,517	6,922
Minority Interest	1,110	1,080	1,067	1,101	1,066	1,027
Shareholders' Equity	11,823	11,715	11,489	12,515	12,583	7,950
Total Liabilities & Equity	47,779	47,334	43,454	35,259	30,045	20,502
Total Debt	26,395	25,551	20,305	10,342	5,243	4,559
Net Cash (Debt)	-23,434	-23,068	-18,594	-7,969	-672.07	-2,775
Net Cash Per Share	-10.85	-10.71	-8.75	-3.71	-0.34	-1.68
Filing Date Shares Outstanding	2,158	2,096	2,147	2,147	2,147	2,147
Total Common Shares Outstanding	2,158	2,096	2,147	2,147	2,147	1,655
Working Capital	-7,456	-8,723	-6,620	-3,780	2.33	-602.29
Book Value Per Share	4.96	5.07	4.86	5.32	5.37	4.18
Tangible Book Value	4,818	4,682	4,327	6,184	6,982	5,773
Tangible Book Value Per Share	2.23	2.23	2.02	2.88	3.25	3.49
Buildings	-	-	12,406	8,983	7,993	7,344
Machinery	-	-	16,686	9,115	7,302	6,708
Construction In Progress	-	-	8,051	12,014	7,298	5,662

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