SHA:600420 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	3,724	4,006	6,212	5,973	6,148	4,284
Short-Term Investments	-	3,055	1,431	-	-	-
Cash & Short-Term Investments	3,724	7,061	7,643	5,973	6,148	4,284
Cash Growth	-27.11%	-7.61%	27.97%	-2.86%	43.51%	15.18%
Accounts Receivable	1,787	1,167	1,361	2,051	2,656	3,048
Other Receivables	85.91	81.55	85.55	84.07	92.85	96.91
Receivables	1,873	1,248	1,447	2,135	2,748	3,144
Inventory	1,849	1,749	2,209	2,280	2,440	3,072
Prepaid Expenses	-	71.07	70.29	61.63	47.69	40.21
Other Current Assets	3,967	1,123	315.43	207.49	300.4	345.15
Total Current Assets	11,413	11,253	11,684	10,657	11,684	10,886
Property, Plant & Equipment	5,243	5,341	5,550	5,885	6,246	6,511
Long-Term Investments	422.28	1,233	1,316	1,431	376.22	370.77
Goodwill	160.15	160.15	160.15	160.15	160.15	160.15
Other Intangible Assets	744.39	759.99	591.29	511.18	517.08	549.09
Long-Term Deferred Tax Assets	104.93	115.82	103.15	153.13	239.09	188.75
Long-Term Deferred Charges	249.34	227.36	333.66	331.74	227.83	144.74
Other Long-Term Assets	1,122	136.21	216.67	223.65	179.17	259.22
Total Assets	19,460	19,227	19,956	19,352	19,630	19,070
Accounts Payable	1,894	1,648	1,103	1,374	1,249	1,542
Accrued Expenses	144.53	935.67	1,420	1,595	1,675	1,670
Short-Term Debt	-	-	50.05	45.05	321.14	2,014
Current Portion of Long-Term Debt	-	-	1,031	-	48.37	539.63
Current Portion of Leases	9	8.85	8.86	10.6	9.86	40.13
Current Income Taxes Payable	78.34	44.25	72.51	29.95	37.94	30.86
Current Unearned Revenue	132.16	93.81	193.33	244.6	344.17	201.23
Other Current Liabilities	918.71	403.65	465.17	480.59	509.97	804.25
Total Current Liabilities	3,177	3,134	4,344	3,780	4,196	6,843
Long-Term Debt	-	-	-	1,031	2,955	1,547
Long-Term Leases	28.85	33.75	47.94	57.97	68.57	43
Long-Term Unearned Revenue	86.32	83.49	113.99	122.8	138.01	140.33
Pension & Post-Retirement Benefits	11.41	11.41	0.36	0.52	0.57	0.84
Long-Term Deferred Tax Liabilities	62.57	62.5	70.77	22.15	119.55	126.19
Other Long-Term Liabilities	56.96	56.96	56.96	-	-	-
Total Liabilities	3,423	3,382	4,634	5,014	7,478	8,700
Common Stock	1,341	1,341	1,341	1,341	1,172	1,027
Additional Paid-In Capital	5,213	5,213	5,204	5,204	3,587	2,545
Retained Earnings	7,364	7,226	6,660	5,845	5,287	4,762
Comprehensive Income & Other	-1.11	-1.11	-0.91	-1.09	259.34	258.88
Total Common Equity	13,917	13,779	13,204	12,388	10,305	8,593
Minority Interest	2,120	2,066	2,118	1,950	1,847	1,777
Shareholders' Equity	16,037	15,845	15,322	14,338	12,153	10,370
Total Liabilities & Equity	19,460	19,227	19,956	19,352	19,630	19,070
Total Debt	37.86	42.6	1,138	1,145	3,403	4,184
Net Cash (Debt)	3,686	7,018	6,505	4,828	2,745	99.84
Net Cash Growth	-26.27%	7.89%	34.74%	75.89%	2649.36%	-
Net Cash Per Share	2.75	5.23	4.85	3.79	2.37	0.08
Filing Date Shares Outstanding	1,341	1,341	1,341	1,341	1,172	1,027
Total Common Shares Outstanding	1,341	1,341	1,341	1,341	1,172	1,027
Working Capital	8,237	8,119	7,340	6,877	7,489	4,044
Book Value Per Share	10.38	10.27	9.85	9.24	8.57	8.11
Tangible Book Value	13,013	12,859	12,452	11,717	9,628	7,884
Tangible Book Value Per Share	9.70	9.59	9.28	8.74	7.99	7.42
Buildings	-	4,385	4,491	4,472	3,945	3,874
Machinery	-	8,525	8,453	8,370	8,184	7,920
Construction In Progress	-	208.91	142.68	101.35	642.37	585.52

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