SHA:600435 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	1,909	1,090	1,371	2,066	2,000	1,471
Cash & Short-Term Investments	1,909	1,090	1,371	2,066	2,000	1,471
Cash Growth	91.94%	-20.47%	-33.65%	3.32%	35.97%	18.59%
Accounts Receivable	3,839	5,343	4,667	3,641	2,547	2,721
Other Receivables	14.26	13.51	14.45	26.98	9.91	7.75
Receivables	3,853	5,356	4,682	3,668	2,557	2,729
Inventory	594.75	530.61	538.47	423.76	609.14	705.74
Prepaid Expenses	-	0	2.65	0.77	9.77	0.77
Other Current Assets	75.39	17.76	17.1	16.86	31.74	238.66
Total Current Assets	6,432	6,995	6,611	6,175	5,208	5,144
Property, Plant & Equipment	886.58	898.67	868.81	834.53	787.76	925.81
Long-Term Investments	2.4	2.42	2.36	2.58	4.78	5.83
Goodwill	41.8	41.8	50.6	55.37	60.25	60.25
Other Intangible Assets	111.63	114.1	120.19	123.33	140.7	213.92
Long-Term Deferred Tax Assets	117.55	110.43	92.38	70.94	79.39	68.04
Long-Term Deferred Charges	0.16	0.16	0.59	0.06	0.04	0.08
Other Long-Term Assets	32.57	29.1	22.21	26.09	46.3	54.47
Total Assets	7,625	8,192	7,768	7,288	6,327	6,473
Accounts Payable	3,471	4,060	3,629	3,309	2,620	2,760
Accrued Expenses	46.57	164.39	272.7	338	193.33	177.71
Short-Term Debt	-	13.97	10.2	4.58	1.87	152.12
Current Portion of Long-Term Debt	2.55	-	-	-	-	-
Current Portion of Leases	-	2.55	2.89	1.31	2.08	1.47
Current Income Taxes Payable	14.29	5.59	3.08	17.7	12.75	12.02
Current Unearned Revenue	244.06	93.97	190.16	53.92	65.54	132.39
Other Current Liabilities	108.38	96.14	75.36	62.87	179.03	126.99
Total Current Liabilities	3,887	4,437	4,183	3,787	3,074	3,363
Long-Term Leases	5.76	5.43	8.8	1.88	1.84	2.98
Long-Term Unearned Revenue	76.22	79.85	42.62	20.9	6.3	7.25
Long-Term Deferred Tax Liabilities	8.54	8.5	9.12	7.15	9.77	5.69
Other Long-Term Liabilities	3.65	-	-	-	-	-
Total Liabilities	3,981	4,530	4,244	3,817	3,092	3,379
Common Stock	1,512	1,512	1,506	1,499	1,489	1,489
Additional Paid-In Capital	294.68	294.68	247.56	199.2	118.38	122.71
Retained Earnings	1,064	1,080	989.37	990.42	858.12	710.4
Comprehensive Income & Other	33.44	30.73	26.57	22.07	18.76	15.16
Total Common Equity	2,905	2,918	2,770	2,711	2,485	2,338
Minority Interest	739.61	743.62	754.65	759.81	749.94	756.58
Shareholders' Equity	3,644	3,661	3,524	3,471	3,235	3,094
Total Liabilities & Equity	7,625	8,192	7,768	7,288	6,327	6,473
Total Debt	8.3	21.95	21.89	7.77	5.79	156.56
Net Cash (Debt)	1,900	1,068	1,349	2,058	1,994	1,314
Net Cash Growth	93.20%	-20.80%	-34.46%	3.23%	51.73%	21.66%
Net Cash Per Share	1.26	0.71	0.91	1.39	1.29	0.89
Filing Date Shares Outstanding	1,512	1,512	1,506	1,499	1,489	1,489
Total Common Shares Outstanding	1,512	1,512	1,506	1,499	1,489	1,489
Working Capital	2,546	2,558	2,428	2,388	2,133	1,782
Book Value Per Share	1.92	1.93	1.84	1.81	1.67	1.57
Tangible Book Value	2,751	2,762	2,599	2,532	2,284	2,063
Tangible Book Value Per Share	1.82	1.83	1.73	1.69	1.53	1.39
Buildings	-	723.08	730.06	676.34	663.84	813.43
Machinery	-	1,099	996.46	930.03	856.35	964.19
Construction In Progress	-	32.28	48.85	89.37	66.58	35.32

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