SHA:600428 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	7,216	6,963	2,881	1,502	997.05	1,914
Cash & Short-Term Investments	7,216	6,963	2,881	1,502	997.05	1,914
Cash Growth	15.98%	141.72%	91.73%	50.69%	-47.91%	26.44%
Accounts Receivable	2,894	2,211	1,556	900.83	1,326	1,044
Other Receivables	209.65	241.97	196.51	401.54	224.7	134.42
Receivables	3,104	2,453	1,753	1,302	1,551	1,178
Inventory	1,202	1,033	873.28	676.14	681.35	454.5
Prepaid Expenses	-	1.75	3.6	0.44	0.59	0.06
Other Current Assets	1,476	1,525	1,283	1,016	899.43	939.82
Total Current Assets	12,998	11,976	6,794	4,497	4,129	4,486
Property, Plant & Equipment	27,242	27,275	23,911	18,341	17,015	15,375
Long-Term Investments	2,726	2,732	2,661	1,683	3,105	2,040
Other Intangible Assets	189.73	170.78	97.95	105.55	97.03	101.64
Long-Term Accounts Receivable	537.81	555.12	-	247.84	-	-
Long-Term Deferred Tax Assets	518.86	489.59	695.9	388.96	317.3	182.3
Long-Term Deferred Charges	212.82	231.79	221.17	168.14	4.84	4.63
Other Long-Term Assets	444.27	446.82	547.8	2,194	692.33	744.82
Total Assets	44,870	43,877	34,929	27,626	25,360	22,934
Accounts Payable	3,353	2,910	2,438	1,926	1,995	1,703
Accrued Expenses	424.24	351.91	316.91	448.47	561.38	466.45
Short-Term Debt	1,341	1,351	265.06	691.1	1,092	1,248
Current Portion of Long-Term Debt	5,209	2,235	2,669	616.89	1,035	1,606
Current Portion of Leases	-	2,932	1,243	583.19	420.77	136.47
Current Income Taxes Payable	310	251.36	123.21	44.28	57.23	97.52
Current Unearned Revenue	1,343	1,045	636.47	549.43	346.59	260.88
Other Current Liabilities	327.33	314.22	348.48	306.86	309.64	258.27
Total Current Liabilities	12,308	11,390	8,040	5,166	5,818	5,777
Long-Term Debt	2,729	2,589	3,722	6,136	4,617	4,651
Long-Term Leases	8,908	9,417	7,213	2,783	2,469	1,225
Long-Term Unearned Revenue	107.8	112.67	132.15	151.46	0.24	0.35
Pension & Post-Retirement Benefits	-	1,018	1,055	1,086	1,137	1,229
Long-Term Deferred Tax Liabilities	711.28	689.13	845.15	605.72	511.89	378.14
Other Long-Term Liabilities	1,145	127.64	130.84	78.1	90.68	21.06
Total Liabilities	25,908	25,344	21,139	16,007	14,644	13,281
Common Stock	2,744	2,744	2,147	2,147	2,147	2,147
Additional Paid-In Capital	7,169	7,169	4,287	4,321	4,313	4,308
Retained Earnings	7,739	7,334	6,319	5,321	4,607	3,892
Comprehensive Income & Other	-550.84	-385.67	-170.48	-250.76	-379.79	-718.66
Total Common Equity	17,102	16,861	12,582	11,538	10,687	9,628
Minority Interest	1,860	1,671	1,208	81.68	29.21	25.41
Shareholders' Equity	18,962	18,533	13,790	11,620	10,717	9,653
Total Liabilities & Equity	44,870	43,877	34,929	27,626	25,360	22,934
Total Debt	18,186	18,525	15,112	10,810	9,634	8,866
Net Cash (Debt)	-10,970	-11,561	-12,231	-9,307	-8,637	-6,952
Net Cash Per Share	-4.00	-4.46	-5.70	-4.34	-4.03	-3.24
Filing Date Shares Outstanding	2,744	2,744	2,147	2,147	2,147	2,147
Total Common Shares Outstanding	2,744	2,744	2,147	2,147	2,147	2,147
Working Capital	690.42	585.5	-1,247	-669.38	-1,689	-1,291
Book Value Per Share	6.23	6.14	5.86	5.37	4.98	4.48
Tangible Book Value	16,912	16,690	12,484	11,433	10,590	9,526
Tangible Book Value Per Share	6.16	6.08	5.82	5.33	4.93	4.44
Buildings	-	809.15	774.69	725.1	652.95	617.07
Machinery	-	24,594	24,163	23,792	22,211	20,918
Construction In Progress	-	796.95	613.07	20.51	181.97	242.75

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