SHA:600409 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	3,012	3,639	3,474	3,287	4,840	3,039
Trading Asset Securities	41.49	47.98	-	-	-	-
Cash & Short-Term Investments	3,054	3,687	3,474	3,287	4,840	3,039
Cash Growth	1.62%	6.12%	5.67%	-32.08%	59.28%	8.43%
Accounts Receivable	2,037	1,388	1,707	2,874	3,486	3,443
Other Receivables	22.52	33.22	89.78	22.1	80.1	17.84
Receivables	2,060	1,421	1,797	2,896	3,566	3,461
Inventory	1,499	1,379	1,625	1,445	1,659	2,132
Other Current Assets	559.23	364.57	239.48	179.38	248.23	75.13
Total Current Assets	7,171	6,852	7,136	7,807	10,313	8,706
Property, Plant & Equipment	17,418	17,420	16,601	15,643	15,311	15,865
Long-Term Investments	44.32	42.86	42.02	43.31	35.24	6.75
Goodwill	2.39	2.39	2.39	2.39	2.39	2.39
Other Intangible Assets	1,248	1,265	1,100	1,144	1,029	842.77
Long-Term Deferred Tax Assets	988.32	966.84	964.04	851.89	729.57	506.08
Long-Term Deferred Charges	7.41	8.88	11.19	10.09	7.11	4.71
Other Long-Term Assets	89.73	107.15	200.92	90.79	178.98	55.2
Total Assets	26,970	26,665	26,057	25,593	27,607	25,989
Accounts Payable	3,122	3,044	3,282	3,133	3,065	2,848
Accrued Expenses	342.51	314.42	423.77	489.84	492.95	571.67
Short-Term Debt	188.69	115.08	125.09	404.86	601.35	1,713
Current Portion of Long-Term Debt	2,182	2,559	1,737	1,536	2,055	1,089
Current Portion of Leases	-	-	44.77	35	35.69	33.67
Current Income Taxes Payable	84.98	58.78	26.6	143.74	87.48	166.45
Current Unearned Revenue	504.91	292.68	248.07	283.42	433.98	378.13
Other Current Liabilities	340.44	318.99	278.85	353.33	790.1	618.76
Total Current Liabilities	6,766	6,703	6,166	6,379	7,562	7,418
Long-Term Debt	3,944	3,561	3,342	3,069	4,214	3,512
Long-Term Leases	201.37	201.29	395.71	477.63	633	667.19
Long-Term Unearned Revenue	172.95	177.04	158.8	134.55	145.36	167.52
Long-Term Deferred Tax Liabilities	405.77	408.63	392.81	335.59	276.22	207.32
Other Long-Term Liabilities	234.92	260.19	258.48	230.25	200.27	246.86
Total Liabilities	11,725	11,311	10,714	10,626	13,031	12,219
Common Stock	2,064	2,064	2,064	2,064	2,064	2,064
Additional Paid-In Capital	3,572	3,572	3,545	3,545	3,545	3,545
Retained Earnings	8,064	8,155	8,217	7,889	7,625	7,142
Comprehensive Income & Other	75.63	75.53	48.4	54.98	46.08	51.75
Total Common Equity	13,776	13,867	13,874	13,553	13,280	12,803
Minority Interest	1,469	1,487	1,469	1,413	1,296	967.41
Shareholders' Equity	15,245	15,354	15,343	14,966	14,576	13,770
Total Liabilities & Equity	26,970	26,665	26,057	25,593	27,607	25,989
Total Debt	6,517	6,436	5,644	5,523	7,539	7,014
Net Cash (Debt)	-3,463	-2,750	-2,170	-2,235	-2,699	-3,975
Net Cash Per Share	-1.68	-1.33	-1.05	-1.08	-1.31	-1.93
Filing Date Shares Outstanding	2,066	2,055	2,064	2,064	2,064	2,064
Total Common Shares Outstanding	2,066	2,055	2,064	2,064	2,064	2,064
Working Capital	405.9	149.15	970.11	1,428	2,751	1,288
Book Value Per Share	6.67	6.75	6.72	6.57	6.43	6.20
Tangible Book Value	12,526	12,600	12,772	12,407	12,249	11,958
Tangible Book Value Per Share	6.06	6.13	6.19	6.01	5.93	5.79
Buildings	-	-	10,951	10,325	10,214	10,121
Machinery	-	-	16,311	14,972	14,734	14,490
Construction In Progress	-	-	1,632	1,509	404.29	234.71

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