SHA:600481 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	2,755	4,109	6,081	8,535	4,674	1,912
Short-Term Investments	-	-	40.42	200	-	-
Trading Asset Securities	134.68	134.68	93.1	-	140	11.71
Cash & Short-Term Investments	2,889	4,244	6,214	8,735	4,814	1,924
Cash Growth	-53.34%	-31.71%	-28.86%	81.43%	150.28%	56.35%
Accounts Receivable	2,045	2,088	2,616	2,681	1,954	1,568
Other Receivables	84.23	39.14	50.05	39.08	55.51	52.36
Receivables	2,129	2,127	2,666	2,720	2,010	1,621
Inventory	1,144	1,254	1,552	1,851	2,841	1,053
Other Current Assets	1,581	1,642	1,528	2,018	2,177	356.19
Total Current Assets	7,744	9,267	11,960	15,324	11,841	4,953
Property, Plant & Equipment	12,902	12,872	13,563	12,756	8,761	3,013
Long-Term Investments	539.13	531.3	584.25	701.61	303.21	303.56
Other Intangible Assets	740.41	752.2	800.16	782.82	453.47	288.11
Long-Term Accounts Receivable	-	-	358.21	365.08	405.62	155.34
Long-Term Deferred Tax Assets	661.75	592.37	408.36	64.24	59.45	60.92
Long-Term Deferred Charges	3.89	4.4	6.78	53.87	57.03	21.78
Other Long-Term Assets	358.21	372.56	49.65	43.78	84.33	194.57
Total Assets	22,949	24,391	27,731	30,091	21,966	8,991
Accounts Payable	3,145	3,454	4,738	7,602	4,601	1,738
Accrued Expenses	64.34	207.73	172.72	273.6	268.3	191.59
Short-Term Debt	6,551	7,808	7,107	4,860	2,913	1,208
Current Portion of Long-Term Debt	991.63	-	1,085	649.54	70.08	-
Current Portion of Leases	-	-	1,808	1,329	1,092	183.83
Current Income Taxes Payable	81.99	-	28.01	85.76	55.88	48.37
Current Unearned Revenue	1,345	1,225	904.4	908.98	1,786	1,116
Other Current Liabilities	3,312	3,794	2,948	2,988	2,981	1,196
Total Current Liabilities	15,490	16,489	18,790	18,697	13,767	5,682
Long-Term Debt	2,454	3,557	3,042	3,097	170.21	90.13
Long-Term Leases	2.61	2.56	18.21	8.02	1,006	686.69
Long-Term Unearned Revenue	99.83	108.99	110.08	102.54	71.68	71.74
Long-Term Deferred Tax Liabilities	-	-	-	122.65	25.44	-
Other Long-Term Liabilities	465.27	579.26	993.7	976.14	0.26	1.91
Total Liabilities	18,512	20,736	22,954	23,004	15,041	6,533
Common Stock	2,064	1,874	1,874	1,871	1,871	1,627
Additional Paid-In Capital	3,802	2,734	2,730	2,698	3,229	1.07
Retained Earnings	-1,517	-1,123	-6.89	2,351	1,785	829.06
Treasury Stock	-8.62	-8.62	-11.28	-28.21	-56.41	-56.46
Comprehensive Income & Other	97.97	180.14	187.11	183.56	6.37	5.11
Total Common Equity	4,439	3,657	4,773	7,075	6,835	2,406
Minority Interest	-1.84	-1.43	4.27	11.62	89.34	52.3
Shareholders' Equity	4,437	3,655	4,777	7,087	6,924	2,458
Total Liabilities & Equity	22,949	24,391	27,731	30,091	21,966	8,991
Total Debt	9,998	11,367	13,059	9,945	5,253	2,169
Net Cash (Debt)	-7,109	-7,124	-6,845	-1,210	-438.33	-245.22
Net Cash Per Share	-3.76	-2.87	-3.66	-0.64	-0.26	-0.15
Filing Date Shares Outstanding	1,937	1,874	1,870	1,901	1,861	1,617
Total Common Shares Outstanding	1,937	1,874	1,870	1,901	1,861	1,617
Working Capital	-7,747	-7,222	-6,830	-3,373	-1,926	-728.85
Book Value Per Share	2.29	1.95	2.55	3.72	3.67	1.49
Tangible Book Value	3,698	2,904	3,973	6,293	6,382	2,118
Tangible Book Value Per Share	1.91	1.55	2.12	3.31	3.43	1.31
Buildings	-	-	4,834	3,379	3,066	875.62
Machinery	-	-	8,919	7,053	4,782	777.47
Construction In Progress	-	-	2,114	3,766	1,682	1,879

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