SHA:600475 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	3,500	3,262	2,511	2,787	2,587	2,202
Trading Asset Securities	478.32	852.52	470.75	525.99	444.01	475.5
Cash & Short-Term Investments	3,979	4,114	2,982	3,313	3,031	2,677
Cash Growth	-1.54%	37.96%	-9.99%	9.30%	13.23%	28.75%
Accounts Receivable	4,433	5,030	5,168	5,460	4,811	4,226
Other Receivables	318.72	165.73	152.2	158.45	120.39	279.8
Receivables	4,752	5,196	5,320	5,619	4,932	4,506
Inventory	1,027	958.32	916.45	996.59	707.81	717.27
Prepaid Expenses	-	7.68	13.65	-	1.83	20.69
Other Current Assets	638.04	577.74	766.66	606.03	516.1	280.68
Total Current Assets	10,396	10,853	9,999	10,535	9,189	8,202
Property, Plant & Equipment	6,879	6,821	6,753	6,245	4,487	4,377
Long-Term Investments	4,720	4,725	4,810	4,451	3,649	3,537
Goodwill	223.46	223.46	223.46	223.46	-	-
Other Intangible Assets	3,197	3,234	3,183	3,261	2,991	2,743
Long-Term Accounts Receivable	-	574.45	583.4	600.22	130.2	136.28
Long-Term Deferred Tax Assets	346.7	348.12	307.27	237.82	184.87	203.12
Long-Term Deferred Charges	55.76	53.08	49.75	53.28	59.28	52.47
Other Long-Term Assets	1,046	437.6	430.71	537.91	434.78	414.93
Total Assets	26,864	27,270	26,339	26,145	21,126	19,666
Accounts Payable	4,127	4,402	4,246	4,852	3,986	3,682
Accrued Expenses	41.32	171.6	186.38	244.64	578.71	498.4
Short-Term Debt	3,469	3,344	2,680	2,424	1,875	944.63
Current Portion of Long-Term Debt	380.32	301.61	1,516	770.35	270.21	305.7
Current Portion of Leases	-	65.89	53.32	12.27	10.45	9.81
Current Income Taxes Payable	120.9	103.42	104.17	101.21	48.5	93.66
Current Unearned Revenue	952.63	808.27	841.53	673.54	681.85	858.39
Other Current Liabilities	334.44	1,032	1,165	1,156	608.32	1,088
Total Current Liabilities	9,426	10,229	10,793	10,234	8,059	7,480
Long-Term Debt	5,777	5,552	3,807	4,625	3,168	2,899
Long-Term Leases	405.34	378.3	315.08	158.48	33.38	52.99
Long-Term Unearned Revenue	229.13	228.71	211.43	197.38	195.56	188.47
Pension & Post-Retirement Benefits	2.34	3.3	6.18	-	-	-
Long-Term Deferred Tax Liabilities	241.43	247.47	283.05	226.48	172.32	161.03
Other Long-Term Liabilities	100.16	100.29	95.2	444.69	411.21	373.49
Total Liabilities	16,181	16,739	15,511	15,886	12,039	11,155
Common Stock	955.97	955.97	955.97	943.66	943.89	726.83
Additional Paid-In Capital	266.03	265.17	266.13	190.89	185.95	175.21
Retained Earnings	6,076	5,960	5,998	5,720	5,309	5,052
Treasury Stock	-191.69	-191.69	-98.69	-25.2	-57.6	-96.84
Comprehensive Income & Other	1,554	1,576	1,697	1,497	1,403	1,420
Total Common Equity	8,660	8,565	8,818	8,326	7,785	7,278
Minority Interest	2,022	1,966	2,011	1,933	1,302	1,233
Shareholders' Equity	10,683	10,531	10,829	10,259	9,086	8,511
Total Liabilities & Equity	26,864	27,270	26,339	26,145	21,126	19,666
Total Debt	10,032	9,642	8,371	7,990	5,357	4,212
Net Cash (Debt)	-6,053	-5,527	-5,389	-4,677	-2,326	-1,535
Net Cash Per Share	-6.36	-5.80	-5.68	-4.98	-2.41	-1.66
Filing Date Shares Outstanding	945.97	945.97	948.24	965.95	928.01	836.7
Total Common Shares Outstanding	945.97	945.97	948.24	965.95	928.01	836.7
Working Capital	970.13	624.26	-793.82	300.63	1,130	721.44
Book Value Per Share	9.15	9.05	9.30	8.62	8.39	8.70
Tangible Book Value	5,240	5,107	5,412	4,841	4,794	4,534
Tangible Book Value Per Share	5.54	5.40	5.71	5.01	5.17	5.42
Buildings	-	1,927	1,737	1,576	1,084	1,108
Machinery	-	9,644	8,596	8,194	5,519	5,650
Construction In Progress	-	227.5	879.72	793.61	1,049	578.86

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