SHA:600468 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	780.37	967.69	836.84	767.55	646.1	572.93
Trading Asset Securities	-	-	0.1	0.05	1.99	0.35
Cash & Short-Term Investments	780.37	967.69	836.94	767.59	648.1	573.28
Cash Growth	12.19%	15.62%	9.04%	18.44%	13.05%	-2.46%
Accounts Receivable	1,311	1,243	1,319	1,349	1,327	1,160
Other Receivables	9.36	7.8	14.17	14.69	29.02	27.3
Receivables	1,320	1,251	1,334	1,363	1,356	1,187
Inventory	615.57	525.59	460.37	475.88	451.41	581.84
Other Current Assets	92.85	88.08	42.34	50.2	53.52	52.9
Total Current Assets	2,809	2,833	2,673	2,657	2,509	2,395
Property, Plant & Equipment	602.13	607.89	581.61	556.73	558.44	561.38
Long-Term Investments	398.08	403.59	366.26	359.54	327.62	305.61
Goodwill	0.51	0.51	0.51	217.8	227.99	227.99
Other Intangible Assets	105.29	107.26	116.21	129.19	133.78	149.58
Long-Term Deferred Tax Assets	22.7	22.43	19.84	17.8	17.65	15.48
Long-Term Deferred Charges	30.27	31	9.25	2.87	11.55	10.84
Other Long-Term Assets	9.28	8.04	6.18	-	-	-
Total Assets	3,977	4,013	3,773	3,941	3,786	3,666
Accounts Payable	957.58	964.94	574.25	543.74	564.53	413.79
Accrued Expenses	26.23	47.4	47.21	45.99	84.45	65.34
Short-Term Debt	124.03	122.08	401.18	432.72	317.25	306.77
Current Portion of Long-Term Debt	1.28	1.01	1	20	-	-
Current Portion of Leases	-	-	0.84	1.04	0.94	0.9
Current Income Taxes Payable	7.5	14.16	2.55	6.15	12.24	7.21
Current Unearned Revenue	81.61	99.84	55.17	53.67	58.19	113.92
Other Current Liabilities	490.06	491.18	498.8	525.77	515.85	652.09
Total Current Liabilities	1,688	1,741	1,581	1,629	1,553	1,560
Long-Term Debt	2.59	2.7	18.5	20.22	40.22	-
Long-Term Leases	6.2	6.12	6.29	0.08	0.65	0.19
Long-Term Unearned Revenue	27.54	26.47	26.19	24.9	24.61	15.22
Long-Term Deferred Tax Liabilities	6.82	7.02	7.93	7.97	9.44	12.62
Other Long-Term Liabilities	30.71	30.71	30.9	21.7	12.83	12.83
Total Liabilities	1,762	1,814	1,671	1,704	1,641	1,601
Common Stock	1,088	1,088	1,088	1,088	1,088	1,122
Additional Paid-In Capital	298.79	298.18	299.71	294.92	288.64	443.24
Retained Earnings	644.39	618.86	529.8	675.14	593.33	503.89
Treasury Stock	-	-	-	-	-	-191.13
Comprehensive Income & Other	7.95	22.37	2.81	-3.01	-2.63	10.6
Total Common Equity	2,039	2,027	1,920	2,055	1,967	1,889
Minority Interest	175.89	172.51	182.3	182.21	177.76	176.79
Shareholders' Equity	2,215	2,200	2,102	2,237	2,145	2,065
Total Liabilities & Equity	3,977	4,013	3,773	3,941	3,786	3,666
Total Debt	134.11	131.91	427.81	474.06	359.07	307.86
Net Cash (Debt)	646.26	835.78	409.13	293.53	289.03	265.42
Net Cash Growth	58.52%	104.28%	39.38%	1.56%	8.89%	-37.95%
Net Cash Per Share	0.59	0.77	0.38	0.27	0.27	0.24
Filing Date Shares Outstanding	1,086	1,087	1,088	1,088	1,088	1,088
Total Common Shares Outstanding	1,086	1,087	1,088	1,088	1,088	1,088
Working Capital	1,120	1,092	1,092	1,028	955.56	835.28
Book Value Per Share	1.88	1.87	1.77	1.89	1.81	1.74
Tangible Book Value	1,933	1,919	1,803	1,708	1,605	1,511
Tangible Book Value Per Share	1.78	1.77	1.66	1.57	1.48	1.39
Buildings	-	-	660.67	586.52	535.19	535.12
Machinery	-	-	491.43	480.16	456.06	435.87
Construction In Progress	-	-	34.01	72.85	111.88	99.52

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