SHA:600525 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	1,108	1,105	1,518	1,537	1,090	1,599
Trading Asset Securities	-	-	-	0.23	-	92.02
Cash & Short-Term Investments	1,108	1,105	1,518	1,537	1,090	1,691
Cash Growth	-79.45%	-27.18%	-1.28%	40.98%	-35.52%	35.51%
Accounts Receivable	3,809	3,742	4,050	3,751	3,387	3,047
Other Receivables	91.62	90.98	355.51	428.34	188.06	176.13
Receivables	3,900	3,833	4,405	4,180	3,575	3,223
Inventory	2,967	2,990	2,697	2,718	2,522	1,902
Other Current Assets	431.64	397.69	553.74	307.71	356.19	276.22
Total Current Assets	8,407	8,326	9,173	8,743	7,543	7,092
Property, Plant & Equipment	1,085	1,114	1,279	1,206	1,012	822.04
Long-Term Investments	1,934	1,955	2,647	2,813	2,552	2,094
Goodwill	519.12	519.12	769.15	1,064	1,094	1,078
Other Intangible Assets	194.15	201.31	231.38	224.2	250.84	249.45
Long-Term Deferred Tax Assets	96.49	100.68	108.17	127.71	158.51	156.73
Long-Term Deferred Charges	127.29	142.14	256.71	207	91.57	36.81
Other Long-Term Assets	919.55	918.42	1,099	1,130	1,073	1,113
Total Assets	13,282	13,277	15,564	15,516	13,775	12,642
Accounts Payable	3,419	3,701	3,211	3,104	2,662	1,879
Accrued Expenses	251.71	308.94	469.31	401.58	441.63	430.55
Short-Term Debt	2,110	2,065	3,118	3,609	2,946	3,598
Current Portion of Long-Term Debt	412	-	126.78	82.59	155.92	787.56
Current Portion of Leases	-	-	81.04	72.41	30.3	13.24
Current Income Taxes Payable	75.9	93.84	12.65	16.36	12.06	12.23
Current Unearned Revenue	2,009	1,827	1,449	908.36	944.74	450.29
Other Current Liabilities	714.47	1,233	913.54	740.73	718.74	353.9
Total Current Liabilities	8,992	9,228	9,381	8,935	7,911	7,524
Long-Term Debt	620.25	378.56	1,006	464.58	32.32	162.6
Long-Term Leases	61.18	66.55	114.14	182.73	98.85	27.96
Long-Term Unearned Revenue	14.74	14.11	19.32	18.9	21.88	11.56
Long-Term Deferred Tax Liabilities	249.69	251.64	80.12	80.22	70.75	86.66
Other Long-Term Liabilities	135.45	137.34	449.42	32.22	85.51	231.32
Total Liabilities	10,074	10,076	11,050	9,714	8,220	8,045
Common Stock	1,319	1,319	1,319	1,315	1,315	1,306
Additional Paid-In Capital	1,797	1,796	1,789	1,806	1,770	1,726
Retained Earnings	-265	-276	997.78	1,987	1,868	1,208
Treasury Stock	-99.96	-99.96	-110.55	-22.51	-22.78	-
Comprehensive Income & Other	59.31	58.42	91.16	158.88	66.2	48.51
Total Common Equity	2,810	2,798	4,086	5,245	4,996	4,288
Minority Interest	398.62	402.45	428.05	556.9	558.29	309.88
Shareholders' Equity	3,209	3,200	4,514	5,802	5,554	4,598
Total Liabilities & Equity	13,282	13,277	15,564	15,516	13,775	12,642
Total Debt	3,203	2,510	4,446	4,412	3,263	4,589
Net Cash (Debt)	-2,095	-1,405	-2,929	-2,874	-2,173	-2,898
Net Cash Per Share	-1.58	-1.06	-2.22	-2.30	-1.65	-2.22
Filing Date Shares Outstanding	1,325	1,347	1,295	1,315	1,315	1,306
Total Common Shares Outstanding	1,325	1,347	1,295	1,315	1,315	1,306
Working Capital	-585.83	-902.09	-207.37	-192.05	-368.09	-432.05
Book Value Per Share	2.12	2.08	3.15	3.99	3.80	3.28
Tangible Book Value	2,097	2,077	3,085	3,957	3,651	2,961
Tangible Book Value Per Share	1.58	1.54	2.38	3.01	2.78	2.27
Buildings	-	-	958.07	828.98	837.43	755.9
Machinery	-	-	846.02	699.28	629.59	592.34
Construction In Progress	-	-	23.61	138.18	63.81	7.21

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