SHA:600515 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	2,305	3,866	4,989	6,371	7,383	10,998
Trading Asset Securities	1,264	114.31	0.62	1,005	1,503	0.47
Cash & Short-Term Investments	3,569	3,980	4,989	7,376	8,886	10,998
Cash Growth	-17.92%	-20.23%	-32.36%	-16.99%	-19.21%	464.11%
Accounts Receivable	1,244	989.52	1,180	1,448	1,482	1,194
Other Receivables	698.25	684.89	574.88	667.63	444.72	3,983
Receivables	1,942	1,674	1,755	2,115	1,927	5,177
Inventory	13,555	13,480	13,797	11,860	12,790	12,569
Prepaid Expenses	-	163.77	144.34	139.94	83.17	137.21
Other Current Assets	503.22	301.92	314.62	743	651.36	866.55
Total Current Assets	19,570	19,600	21,001	22,234	24,337	29,748
Property, Plant & Equipment	18,784	17,422	12,439	12,203	10,376	9,924
Long-Term Investments	4,931	5,098	4,761	3,446	3,727	2,898
Goodwill	62.86	62.86	-	-	-	-
Other Intangible Assets	3,559	3,578	2,232	2,240	2,021	2,005
Long-Term Deferred Tax Assets	128.78	120.58	461.68	537.22	907.02	876.6
Long-Term Deferred Charges	38.1	28.51	17.51	37.93	32.31	31.14
Other Long-Term Assets	13,827	13,809	12,779	15,096	14,815	15,686
Total Assets	60,901	59,719	53,691	55,795	56,215	61,169
Accounts Payable	2,798	2,883	3,855	3,905	3,416	4,126
Accrued Expenses	326.19	2,426	2,417	2,495	3,115	4,389
Short-Term Debt	1,465	1,444	21.29	-	-	250.37
Current Portion of Long-Term Debt	-	1,860	2,326	98.1	122.54	115.33
Current Portion of Leases	-	62.56	189.94	195.75	71.94	58.78
Current Income Taxes Payable	1,987	184.74	267.9	378.2	487.12	1,580
Current Unearned Revenue	127.03	322.31	545.28	965.56	2,369	2,913
Other Current Liabilities	5,197	3,253	1,082	1,486	1,460	5,026
Total Current Liabilities	11,900	12,434	10,704	9,524	11,043	18,459
Long-Term Debt	18,385	17,887	14,327	18,414	18,825	19,976
Long-Term Leases	1,694	688.85	1,095	1,048	517.85	566.34
Long-Term Unearned Revenue	349.87	323.39	486.84	499.78	507.59	515.96
Long-Term Deferred Tax Liabilities	1,150	1,141	1,378	1,404	1,341	1,134
Other Long-Term Liabilities	108.54	134.23	23.88	125.6	186.28	158.58
Total Liabilities	33,587	32,608	28,013	31,016	32,421	40,809
Common Stock	11,425	11,425	11,425	11,425	11,425	11,425
Additional Paid-In Capital	27,608	26,910	26,940	27,235	26,942	25,675
Retained Earnings	-14,041	-14,179	-13,366	-13,825	-14,637	-16,935
Treasury Stock	-15.72	-15.72	-209.8	-	-	-
Comprehensive Income & Other	-727.08	-575.19	-1,270	-1,714	-1,330	-859.03
Total Common Equity	24,250	23,565	23,519	23,121	22,400	19,306
Minority Interest	3,063	3,545	2,159	1,658	1,394	1,054
Shareholders' Equity	27,313	27,110	25,678	24,779	23,794	20,360
Total Liabilities & Equity	60,901	59,719	53,691	55,795	56,215	61,169
Total Debt	21,544	21,942	17,958	19,756	19,538	20,967
Net Cash (Debt)	-17,975	-17,962	-12,969	-12,380	-10,652	-9,968
Net Cash Per Share	-1.57	-1.57	-1.13	-1.08	-0.93	-0.87
Filing Date Shares Outstanding	11,425	11,425	11,587	11,425	11,425	11,425
Total Common Shares Outstanding	11,425	11,425	11,587	11,425	11,425	11,425
Working Capital	7,670	7,166	10,297	12,710	13,295	11,289
Book Value Per Share	2.12	2.06	2.03	2.02	1.96	1.69
Tangible Book Value	20,628	19,924	21,287	20,881	20,379	17,301
Tangible Book Value Per Share	1.81	1.74	1.84	1.83	1.78	1.51
Buildings	-	20,010	11,111	11,103	9,513	9,408
Machinery	-	3,382	2,162	1,868	1,597	1,508
Construction In Progress	-	275.29	1,178	863.15	1,171	607.47

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