SHA:600502 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	18,329	20,547	18,410	16,025	14,863	12,502
Trading Asset Securities	1,847	100.12	120.82	-	-	-
Cash & Short-Term Investments	20,176	20,647	18,531	16,025	14,863	12,502
Cash Growth	27.66%	11.42%	15.63%	7.82%	18.89%	4.16%
Accounts Receivable	84,006	89,972	84,906	70,465	55,793	45,478
Other Receivables	4,906	8,458	7,497	7,408	5,832	6,429
Receivables	88,912	98,430	92,404	77,873	61,625	51,907
Inventory	8,468	8,528	12,444	15,810	17,892	16,114
Prepaid Expenses	-	902.38	686.82	568.08	486.94	486.75
Other Current Assets	10,803	6,684	5,626	5,076	4,081	4,618
Total Current Assets	128,360	135,190	129,691	115,353	98,948	85,627
Property, Plant & Equipment	6,734	6,675	5,841	5,088	4,737	4,261
Long-Term Investments	2,808	2,594	1,971	1,306	688.89	598.4
Goodwill	14.38	14.38	14.38	0.69	0.69	0.69
Other Intangible Assets	9,703	9,717	813.77	670.58	627.7	458.85
Long-Term Deferred Tax Assets	2,823	2,800	2,467	2,080	1,675	1,351
Other Long-Term Assets	75,880	71,377	61,181	46,585	42,385	34,579
Total Assets	226,322	228,367	201,979	171,084	149,062	126,876
Accounts Payable	67,904	74,565	71,696	57,432	46,552	38,019
Accrued Expenses	404.75	1,479	1,560	1,336	834.91	907.86
Short-Term Debt	17,373	19,340	18,147	12,947	11,967	11,135
Current Portion of Long-Term Debt	7,053	7,441	7,589	6,959	5,078	4,176
Current Portion of Leases	-	209.41	92.07	75.02	60.19	62.44
Current Income Taxes Payable	1,282	961.7	873.56	738.15	595.55	487.48
Current Unearned Revenue	15,824	14,389	12,556	11,929	11,390	11,278
Other Current Liabilities	19,303	19,221	16,505	16,349	13,010	11,117
Total Current Liabilities	129,143	137,606	129,017	107,764	89,488	77,183
Long-Term Debt	61,500	57,008	43,809	37,587	35,288	28,957
Long-Term Leases	70.79	1,053	356.31	186.6	194.58	203.84
Long-Term Unearned Revenue	157.9	163.84	134.87	95.64	108.36	109.07
Long-Term Deferred Tax Liabilities	4.98	4.93	8.42	16.3	18.25	16.12
Other Long-Term Liabilities	2,419	1,681	1,416	1,401	982.56	759.59
Total Liabilities	193,296	197,517	174,742	147,051	126,080	107,229
Common Stock	1,717	1,717	1,717	1,717	1,717	1,721
Additional Paid-In Capital	1,652	1,652	1,651	1,651	1,651	1,646
Retained Earnings	7,957	7,804	6,897	6,136	5,185	4,439
Comprehensive Income & Other	9,875	7,929	5,185	2,965	4,503	3,381
Total Common Equity	21,201	19,102	15,448	12,468	13,055	11,188
Minority Interest	11,825	11,748	11,789	11,565	9,927	8,459
Shareholders' Equity	33,026	30,850	27,237	24,032	22,982	19,647
Total Liabilities & Equity	226,322	228,367	201,979	171,084	149,062	126,876
Total Debt	85,997	85,051	69,993	57,754	52,588	44,536
Net Cash (Debt)	-65,821	-64,404	-51,462	-41,729	-37,725	-32,034
Net Cash Per Share	-32.98	-33.77	-29.85	-24.44	-21.87	-18.71
Filing Date Shares Outstanding	2,083	1,717	1,717	1,717	1,717	1,640
Total Common Shares Outstanding	2,083	1,717	1,717	1,717	1,717	1,640
Working Capital	-783.59	-2,416	673.8	7,589	9,460	8,444
Book Value Per Share	10.18	7.05	6.38	5.81	5.21	4.93
Tangible Book Value	11,483	9,370	14,620	11,796	12,427	10,728
Tangible Book Value Per Share	5.51	1.38	5.90	5.42	4.84	4.65
Buildings	-	5,473	4,183	4,147	3,716	3,190
Machinery	-	3,380	3,113	2,981	2,707	2,364
Construction In Progress	-	516.78	994.49	121.69	238.52	417.68
Order Backlog	-	208,487	-	-	-	-

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