SHA:600449 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	2,990	3,328	887.45	1,123	1,433	1,313
Trading Asset Securities	0.23	0.17	2,105	1,762	630.94	901.83
Cash & Short-Term Investments	2,990	3,328	2,992	2,885	2,064	2,215
Cash Growth	3.30%	11.23%	3.70%	39.78%	-6.82%	67.55%
Accounts Receivable	1,008	1,183	1,967	2,378	1,928	1,323
Other Receivables	13.22	0.29	0.96	23.49	12.28	11.16
Receivables	1,021	1,183	1,968	2,402	1,940	1,334
Inventory	298.87	197.19	249.02	276.49	404.45	390.4
Prepaid Expenses	-	0.04	0.04	0.08	-	-
Other Current Assets	105.69	135.14	115.08	184.54	223.51	61.09
Total Current Assets	4,416	4,844	5,324	5,748	4,632	4,000
Property, Plant & Equipment	3,671	3,729	4,113	4,392	4,361	4,159
Long-Term Investments	365.79	361.72	353.94	336.37	325.76	315.21
Goodwill	5.86	5.86	5.86	5.86	5.86	5.86
Other Intangible Assets	634.04	639.68	641.5	559.88	572.04	490.5
Long-Term Deferred Tax Assets	127.16	122.82	92.07	91.14	79.08	91.85
Long-Term Deferred Charges	41.22	41.08	37.41	62.54	9.93	24.12
Other Long-Term Assets	53.64	48.3	51.06	53.94	90.75	164.72
Total Assets	9,314	9,793	10,619	11,250	10,077	9,251
Accounts Payable	886.28	306.62	394.79	555.31	437.67	487.5
Accrued Expenses	22.86	824.47	1,229	1,635	1,100	483.31
Short-Term Debt	70.04	290.24	300.24	400.21	380.27	390.35
Current Portion of Long-Term Debt	1.01	-	301.27	63.8	-	-
Current Portion of Leases	-	1.11	1.44	1.62	1.61	1.31
Current Income Taxes Payable	39.19	20.06	19.95	5.08	37.3	39.48
Current Unearned Revenue	105.81	68.04	78.14	69.65	103.66	101.68
Other Current Liabilities	240.35	328.17	286.67	310.12	356.01	181.51
Total Current Liabilities	1,366	1,839	2,612	3,040	2,417	1,685
Long-Term Debt	-	-	117.05	442.48	-	-
Long-Term Leases	0.93	0.93	1.99	2.25	3.71	5.11
Long-Term Unearned Revenue	79.93	81.72	83.44	87.36	81.95	87.85
Pension & Post-Retirement Benefits	-	6.28	7.18	6.11	7.18	9.51
Long-Term Deferred Tax Liabilities	51.36	50.41	49.9	44.87	42.38	42.81
Other Long-Term Liabilities	100.96	93.89	92.59	93.01	89.46	135.46
Total Liabilities	1,599	2,072	2,964	3,716	2,641	1,966
Common Stock	478.18	478.18	478.18	478.18	478.18	478.18
Additional Paid-In Capital	1,985	1,985	1,985	1,985	1,985	1,982
Retained Earnings	4,852	4,856	4,774	4,653	4,542	4,271
Comprehensive Income & Other	54.45	53.56	38.83	29.45	35.91	28.07
Total Common Equity	7,369	7,373	7,276	7,145	7,041	6,759
Minority Interest	345.93	347.74	378.64	388.08	394.32	526.34
Shareholders' Equity	7,715	7,721	7,655	7,533	7,435	7,286
Total Liabilities & Equity	9,314	9,793	10,619	11,250	10,077	9,251
Total Debt	71.99	292.28	721.99	910.36	385.58	396.77
Net Cash (Debt)	2,918	3,036	2,270	1,975	1,678	1,818
Net Cash Growth	31.37%	33.73%	14.95%	17.66%	-7.70%	104.26%
Net Cash Per Share	5.99	6.33	4.70	4.12	3.52	3.81
Filing Date Shares Outstanding	452.59	478.18	478.18	478.18	478.18	478.18
Total Common Shares Outstanding	452.59	478.18	478.18	478.18	478.18	478.18
Working Capital	3,050	3,005	2,712	2,707	2,215	2,315
Book Value Per Share	16.28	15.42	15.22	14.94	14.72	14.14
Tangible Book Value	6,729	6,727	6,629	6,579	6,463	6,263
Tangible Book Value Per Share	14.87	14.07	13.86	13.76	13.52	13.10
Buildings	-	3,707	3,771	3,742	3,511	3,495
Machinery	-	5,683	5,789	5,742	5,238	5,151
Construction In Progress	-	36.08	15.17	53.9	451.35	49.48

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