SHA:600511 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	7,811	11,482	10,886	10,926	8,896	7,304
Trading Asset Securities	-	-	-	-	-	11.4
Cash & Short-Term Investments	7,811	11,482	10,886	10,926	8,896	7,316
Cash Growth	-11.72%	5.47%	-0.36%	22.81%	21.60%	17.53%
Accounts Receivable	17,724	14,743	13,931	12,881	12,550	13,392
Other Receivables	384.21	186.45	199.01	204	389.69	79.93
Receivables	18,108	14,929	14,130	13,085	12,940	13,472
Inventory	5,183	5,192	4,956	3,961	3,717	3,515
Other Current Assets	209.87	388.21	385.73	307.79	210.44	280.62
Total Current Assets	31,311	31,991	30,357	28,279	25,764	24,584
Property, Plant & Equipment	782.13	778.96	878.6	827.04	857.91	845.06
Long-Term Investments	2,646	2,465	2,176	1,907	1,623	1,365
Goodwill	203.77	203.77	203.77	203.77	203.77	203.77
Other Intangible Assets	236.13	243.1	276.76	258.11	262.92	258.65
Long-Term Deferred Tax Assets	162.22	163.25	149.07	123.87	124.37	115.94
Long-Term Deferred Charges	143.81	148.78	152.39	150.06	86.19	89.6
Other Long-Term Assets	690.56	690.6	734.85	703.57	686.95	548.08
Total Assets	36,176	36,685	34,928	32,453	29,609	28,010
Accounts Payable	12,244	12,785	12,086	10,943	9,917	10,058
Accrued Expenses	104.56	498.67	536.83	604.96	640.01	564.03
Short-Term Debt	196.57	222.31	485.06	268.35	252.06	428.83
Current Portion of Leases	-	102.11	100.2	74.08	80.5	75.81
Current Income Taxes Payable	94.32	46.54	87.49	113.17	84.89	112.18
Current Unearned Revenue	66.79	67.88	275.25	61.12	176.9	43.68
Other Current Liabilities	1,553	1,680	1,285	1,830	1,589	1,457
Total Current Liabilities	14,355	15,402	14,856	13,894	12,740	12,739
Long-Term Leases	214.57	191.86	260.69	205.08	182.57	197.29
Long-Term Unearned Revenue	32.55	34.18	38.79	46.06	46.35	42.66
Pension & Post-Retirement Benefits	-	0.19	0.27	0.44	0.45	0.54
Long-Term Deferred Tax Liabilities	16.7	17.8	24.19	26.78	33.47	35.39
Other Long-Term Liabilities	730.82	730.63	773.55	747.14	747.14	639.8
Total Liabilities	15,349	16,377	15,953	14,920	13,750	13,655
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	15,865	15,390	13,997	12,642	11,087	9,652
Comprehensive Income & Other	78.07	50.92	27.28	30.74	24.04	24.91
Total Common Equity	19,046	18,545	17,128	15,776	14,215	12,780
Minority Interest	1,781	1,764	1,847	1,757	1,645	1,575
Shareholders' Equity	20,827	20,308	18,975	17,533	15,859	14,355
Total Liabilities & Equity	36,176	36,685	34,928	32,453	29,609	28,010
Total Debt	506.36	516.28	845.95	547.5	515.13	701.93
Net Cash (Debt)	7,304	10,965	10,040	10,378	8,381	6,614
Net Cash Growth	-8.57%	9.22%	-3.26%	23.83%	26.72%	21.97%
Net Cash Per Share	9.68	14.53	13.31	13.76	11.11	8.77
Filing Date Shares Outstanding	754.48	754.5	754.5	754.5	754.5	754.5
Total Common Shares Outstanding	754.48	754.5	754.5	754.5	754.5	754.5
Working Capital	16,957	16,589	15,501	14,385	13,025	11,845
Book Value Per Share	25.24	24.58	22.70	20.91	18.84	16.94
Tangible Book Value	18,606	18,098	16,648	15,314	13,748	12,318
Tangible Book Value Per Share	24.66	23.99	22.06	20.30	18.22	16.33
Buildings	-	408.84	408.84	408.84	433.49	387.18
Machinery	-	830.63	802.66	759.8	702.78	661.15
Construction In Progress	-	-	0.57	2.54	36.21	57.09

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