SHA:600511 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	7,727	10,886	10,926	8,896	7,304	6,225
Trading Asset Securities	-	-	-	-	11.4	-
Cash & Short-Term Investments	7,727	10,886	10,926	8,896	7,316	6,225
Cash Growth	-6.88%	-0.36%	22.81%	21.60%	17.53%	9.16%
Accounts Receivable	17,021	13,931	12,881	12,550	13,392	12,507
Other Receivables	316.67	199.01	204	389.69	79.93	129.77
Receivables	17,338	14,130	13,085	12,940	13,472	12,637
Inventory	5,163	4,956	3,961	3,717	3,515	3,050
Other Current Assets	301.6	385.73	307.79	210.44	280.62	198.65
Total Current Assets	30,529	30,357	28,279	25,764	24,584	22,110
Property, Plant & Equipment	800.94	878.6	827.04	857.91	845.06	895.73
Long-Term Investments	2,357	2,176	1,907	1,623	1,365	1,141
Goodwill	203.77	203.77	203.77	203.77	203.77	203.77
Other Intangible Assets	254.06	276.76	258.11	262.92	258.65	256.12
Long-Term Deferred Tax Assets	145.98	149.07	123.87	124.37	115.94	100.6
Long-Term Deferred Charges	146.78	152.39	150.06	86.19	89.6	90.31
Other Long-Term Assets	687.92	734.85	703.57	686.95	548.08	108.13
Total Assets	35,125	34,928	32,453	29,609	28,010	24,905
Accounts Payable	11,977	12,086	10,943	9,917	10,058	8,990
Accrued Expenses	92.88	536.83	604.96	640.01	564.03	514.43
Short-Term Debt	349.76	485.06	268.35	252.06	428.83	471.83
Current Portion of Leases	93.09	100.2	74.08	80.5	75.81	70.12
Current Income Taxes Payable	294.76	87.49	113.17	84.89	112.18	76.99
Current Unearned Revenue	177.72	275.25	61.12	176.9	43.68	66.59
Other Current Liabilities	1,215	1,285	1,830	1,589	1,457	1,047
Total Current Liabilities	14,201	14,856	13,894	12,740	12,739	11,237
Long-Term Leases	208.76	260.69	205.08	182.57	197.29	260.09
Long-Term Unearned Revenue	35.35	38.79	46.06	46.35	42.66	45.53
Pension & Post-Retirement Benefits	0.27	0.27	0.44	0.45	0.54	0.69
Long-Term Deferred Tax Liabilities	18.89	24.19	26.78	33.47	35.39	40.84
Other Long-Term Liabilities	730.63	773.55	747.14	747.14	639.8	226.62
Total Liabilities	15,194	15,953	14,920	13,750	13,655	11,811
Common Stock	754.5	754.5	754.5	754.5	754.5	754.5
Additional Paid-In Capital	2,349	2,349	2,349	2,349	2,349	2,349
Retained Earnings	14,886	13,997	12,642	11,087	9,652	8,312
Comprehensive Income & Other	53.14	27.28	30.74	24.04	24.91	27.69
Total Common Equity	18,043	17,128	15,776	14,215	12,780	11,444
Minority Interest	1,888	1,847	1,757	1,645	1,575	1,650
Shareholders' Equity	19,931	18,975	17,533	15,859	14,355	13,094
Total Liabilities & Equity	35,125	34,928	32,453	29,609	28,010	24,905
Total Debt	651.61	845.95	547.5	515.13	701.93	802.04
Net Cash (Debt)	7,075	10,040	10,378	8,381	6,614	5,423
Net Cash Growth	-7.32%	-3.26%	23.83%	26.72%	21.97%	5.41%
Net Cash Per Share	9.38	13.31	13.76	11.11	8.77	7.19
Filing Date Shares Outstanding	754.5	754.5	754.5	754.5	754.5	754.5
Total Common Shares Outstanding	754.5	754.5	754.5	754.5	754.5	754.5
Working Capital	16,328	15,501	14,385	13,025	11,845	10,872
Book Value Per Share	23.91	22.70	20.91	18.84	16.94	15.17
Tangible Book Value	17,585	16,648	15,314	13,748	12,318	10,984
Tangible Book Value Per Share	23.31	22.06	20.30	18.22	16.33	14.56
Buildings	-	408.84	408.84	433.49	387.18	381.37
Machinery	-	802.66	759.8	702.78	661.15	629.64
Construction In Progress	-	0.57	2.54	36.21	57.09	13.24

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