SHA:600460 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	5,718	5,036	4,520	6,131	2,230	2,323
Trading Asset Securities	-	-	-	-	2	25.04
Cash & Short-Term Investments	5,718	5,036	4,520	6,131	2,232	2,348
Cash Growth	24.84%	11.41%	-26.27%	174.65%	-4.94%	111.48%
Accounts Receivable	5,598	5,090	4,549	3,384	2,772	2,460
Other Receivables	21.09	21.06	22.54	25.52	31.91	22.83
Receivables	5,619	5,111	4,572	3,410	2,804	2,483
Inventory	3,876	3,882	3,899	3,732	3,072	1,913
Other Current Assets	185.23	205.48	359.8	212.02	117.6	105.47
Total Current Assets	15,399	14,235	13,351	13,485	8,226	6,850
Property, Plant & Equipment	9,486	9,420	8,684	7,940	5,813	4,623
Long-Term Investments	2,095	2,094	1,739	1,267	2,197	1,662
Goodwill	245.07	245.07	245.07	245.36	0.62	0.62
Other Intangible Assets	375	404.19	369.52	471.87	262.75	278.24
Long-Term Deferred Tax Assets	147.92	150.77	157.88	107.37	125.53	112.52
Long-Term Deferred Charges	153.82	137.41	120.82	127.98	116.2	83.67
Other Long-Term Assets	85.2	82.29	128.86	262.48	179.16	196.89
Total Assets	27,986	26,768	24,797	23,908	16,920	13,806
Accounts Payable	4,009	3,737	3,102	2,179	1,728	1,421
Accrued Expenses	228.81	563.32	511.4	475.68	395.48	391.15
Short-Term Debt	1,801	1,592	1,492	1,811	2,466	2,171
Current Portion of Long-Term Debt	922.73	1,331	1,819	815.33	563.69	486.25
Current Portion of Leases	-	3.56	2.79	4.32	3.98	1.34
Current Income Taxes Payable	114.68	0.13	1.48	16.32	16.28	58.49
Current Unearned Revenue	19.77	13.88	25.26	24.09	32.53	9.99
Other Current Liabilities	57.62	156.12	231.34	313.28	329.43	469.05
Total Current Liabilities	7,153	7,397	7,185	5,639	5,535	5,008
Long-Term Debt	6,757	5,725	2,603	3,431	2,109	356.29
Long-Term Leases	28.15	33.83	122.82	272.57	504.85	701.42
Long-Term Unearned Revenue	215.19	166.87	135.85	118.58	129.28	153.13
Long-Term Deferred Tax Liabilities	46.7	32.97	58.44	107.14	158.02	94.44
Other Long-Term Liabilities	595.72	591.01	868.45	919.53	413.4	384.2
Total Liabilities	14,796	13,947	10,973	10,488	8,850	6,698
Common Stock	1,684	1,664	1,664	1,664	1,416	1,416
Additional Paid-In Capital	6,157	6,157	6,736	6,763	2,188	2,137
Retained Earnings	4,346	4,137	3,805	3,585	3,763	2,852
Comprehensive Income & Other	10.07	10.4	9.27	9.22	6.61	5.34
Total Common Equity	12,197	11,969	12,215	12,022	7,374	6,410
Minority Interest	993.78	852.49	1,609	1,398	696.71	698.08
Shareholders' Equity	13,191	12,821	13,824	13,420	8,070	7,109
Total Liabilities & Equity	27,986	26,768	24,797	23,908	16,920	13,806
Total Debt	9,508	8,686	6,040	6,334	5,648	3,716
Net Cash (Debt)	-3,790	-3,650	-1,519	-202.5	-3,416	-1,368
Net Cash Per Share	-2.29	-2.19	-0.90	-0.11	-2.40	-1.02
Filing Date Shares Outstanding	1,684	1,664	1,664	1,664	1,416	1,416
Total Common Shares Outstanding	1,684	1,664	1,664	1,664	1,416	1,416
Working Capital	8,245	6,838	6,166	7,846	2,691	1,842
Book Value Per Share	7.24	7.19	7.34	7.22	5.21	4.53
Tangible Book Value	11,577	11,319	11,600	11,304	7,110	6,132
Tangible Book Value Per Share	6.87	6.80	6.97	6.79	5.02	4.33
Buildings	-	1,533	1,517	1,480	1,010	979.2
Machinery	-	12,880	10,847	9,539	6,770	5,925
Construction In Progress	-	1,650	1,807	1,497	1,546	649.49

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