SHA:600399 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	340.15	461.14	1,439	794.67	1,783	1,153
Trading Asset Securities	68.01	161.96	230.1	625.72	554.85	937.96
Cash & Short-Term Investments	408.15	623.1	1,669	1,420	2,338	2,091
Cash Growth	-71.77%	-62.66%	17.49%	-39.25%	11.81%	7.21%
Accounts Receivable	1,791	1,618	1,570	1,941	1,413	1,227
Other Receivables	9.24	5.72	20.18	20.81	18.74	16.24
Receivables	1,800	1,624	1,590	1,962	1,432	1,243
Inventory	3,674	3,396	3,049	2,685	2,549	2,187
Prepaid Expenses	-	-	-	0.07	0.47	0.37
Other Current Assets	198.66	115.77	123.98	82.44	167.73	157.79
Total Current Assets	6,080	5,759	6,432	6,149	6,487	5,679
Property, Plant & Equipment	6,000	5,995	5,917	5,353	4,531	3,753
Long-Term Investments	45.45	45.45	41.05	31.73	30.52	27.03
Other Intangible Assets	669.44	676.06	689.81	715.94	731.8	756.88
Long-Term Deferred Tax Assets	0.74	0.74	1.2	1.67	2.1	0
Long-Term Deferred Charges	-	-	0	0.2	1.53	2.24
Other Long-Term Assets	38.57	38.28	51.06	139.15	5.36	5.36
Total Assets	12,835	12,514	13,132	12,391	11,790	10,224
Accounts Payable	2,711	2,719	2,669	2,159	2,030	1,117
Accrued Expenses	23.61	29.39	94.35	36.98	8.39	14.39
Short-Term Debt	816.3	731.89	872.52	-	-	-
Current Portion of Long-Term Debt	1,551	1,077	236.25	619.09	-	-
Current Portion of Leases	-	1.66	2.54	2.34	2.24	-
Current Income Taxes Payable	5.58	0.06	0.04	0.01	0.04	0.08
Current Unearned Revenue	193.22	213.31	201.68	260.17	356.25	321.34
Other Current Liabilities	298.77	282.71	343.09	388.05	332.6	187.69
Total Current Liabilities	5,600	5,055	4,419	3,466	2,729	1,641
Long-Term Debt	1,516	1,586	2,009	2,102	2,542	2,409
Long-Term Leases	-	-	1.66	4.2	6.54	-
Long-Term Unearned Revenue	183.42	186.67	170.98	197.63	190.26	193.93
Long-Term Deferred Tax Liabilities	52.49	54.84	64.37	73.73	79.72	5.97
Other Long-Term Liabilities	115.81	118.65	116.9	129.52	187.57	114.34
Total Liabilities	7,467	7,002	6,782	5,973	5,735	4,365
Common Stock	1,972	1,972	1,972	1,972	1,972	1,972
Additional Paid-In Capital	2,178	2,178	2,178	2,178	2,178	2,178
Retained Earnings	1,268	1,414	2,255	2,253	1,891	1,694
Treasury Stock	-70.02	-70.02	-70.02	-	-	-
Comprehensive Income & Other	19.51	17.86	15.18	14.45	13.19	14.31
Shareholders' Equity	5,367	5,512	6,350	6,418	6,054	5,859
Total Liabilities & Equity	12,835	12,514	13,132	12,391	11,790	10,224
Total Debt	3,883	3,397	3,122	2,728	2,551	2,409
Net Cash (Debt)	-3,475	-2,774	-1,453	-1,307	-212.63	-318.49
Net Cash Per Share	-1.77	-1.41	-0.78	-0.65	-0.11	-0.16
Filing Date Shares Outstanding	1,963	1,962	1,962	1,972	1,972	1,972
Total Common Shares Outstanding	1,963	1,962	1,962	1,972	1,972	1,972
Working Capital	480.49	703.67	2,013	2,683	3,758	4,038
Book Value Per Share	2.73	2.81	3.24	3.25	3.07	2.97
Tangible Book Value	4,698	4,836	5,660	5,702	5,323	5,102
Tangible Book Value Per Share	2.39	2.46	2.88	2.89	2.70	2.59
Buildings	-	1,929	1,848	1,686	1,490	1,354
Machinery	-	8,018	7,593	6,583	5,848	5,303
Construction In Progress	-	404.39	411.01	758.61	680.22	483.55

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