SHA:600528 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	6,879	6,897	6,981	7,621	7,511
Cash & Short-Term Investments	6,879	6,897	6,981	7,621	7,511
Cash Growth	-0.27%	-1.19%	-8.41%	1.47%	-3.52%
Accounts Receivable	21,181	20,204	16,920	14,137	11,089
Other Receivables	399.94	433.63	507.57	61.83	75
Receivables	21,580	20,638	17,427	14,198	11,164
Inventory	20,702	20,430	17,491	16,111	14,801
Prepaid Expenses	-	51.61	48.57	29.41	38.79
Other Current Assets	1,781	2,580	2,720	2,363	2,662
Total Current Assets	50,941	50,597	44,668	40,323	36,178
Property, Plant & Equipment	7,377	7,259	7,169	6,813	6,728
Long-Term Investments	1,666	1,557	1,485	1,600	1,647
Other Intangible Assets	1,611	1,455	1,443	1,591	1,635
Long-Term Accounts Receivable	-	2,578	2,431	1,865	1,547
Long-Term Deferred Tax Assets	231.07	194	167.79	189.02	215.36
Long-Term Deferred Charges	514.86	139.12	127.5	583.5	617.42
Other Long-Term Assets	2,743	178.25	178.16	556.69	608.79
Total Assets	65,085	63,956	57,668	53,521	49,177
Accounts Payable	21,518	16,868	14,191	13,519	11,852
Accrued Expenses	66.54	5,058	4,551	3,940	2,515
Short-Term Debt	23.17	333.25	329.79	481.4	469.87
Current Portion of Long-Term Debt	362.08	34	24	28.7	-
Current Portion of Leases	-	39.63	75.87	65.2	115.52
Current Income Taxes Payable	219.6	175.1	172.1	160.62	166.61
Current Unearned Revenue	11,264	11,024	8,621	8,434	8,299
Other Current Liabilities	2,419	2,351	3,168	1,632	1,764
Total Current Liabilities	35,873	35,883	31,133	28,261	25,182
Long-Term Debt	225.46	18.9	52.9	62.9	117.34
Long-Term Leases	50.41	89	18.09	18.26	13.07
Long-Term Unearned Revenue	130.71	125.9	164.84	173.97	205.61
Pension & Post-Retirement Benefits	-	18.45	20.23	27.52	35.92
Long-Term Deferred Tax Liabilities	78.06	60.53	69.44	107.47	65.27
Other Long-Term Liabilities	354.63	423.33	398.28	360.2	296.63
Total Liabilities	36,712	36,619	31,857	29,011	25,916
Common Stock	2,222	2,222	2,222	2,222	2,222
Additional Paid-In Capital	5,398	5,398	5,398	5,396	5,384
Retained Earnings	17,529	16,456	14,996	13,583	12,185
Comprehensive Income & Other	2,552	2,547	2,554	2,693	2,893
Total Common Equity	27,700	26,623	25,170	23,894	22,684
Minority Interest	672.89	714.54	642.05	615.95	577.25
Shareholders' Equity	28,373	27,337	25,812	24,510	23,261
Total Liabilities & Equity	65,085	63,956	57,668	53,521	49,177
Total Debt	661.12	514.78	500.65	656.46	715.81
Net Cash (Debt)	6,218	6,383	6,480	6,965	6,795
Net Cash Growth	-2.58%	-1.50%	-6.96%	2.49%	-4.07%
Net Cash Per Share	2.68	2.88	2.94	3.14	3.06
Filing Date Shares Outstanding	2,171	2,222	2,222	2,222	2,222
Total Common Shares Outstanding	2,171	2,222	2,222	2,222	2,222
Working Capital	15,069	14,713	13,535	12,062	10,996
Book Value Per Share	12.76	10.86	10.20	9.61	8.99
Tangible Book Value	26,089	25,168	23,726	22,303	21,049
Tangible Book Value Per Share	12.02	10.20	9.55	8.89	8.25
Buildings	-	5,944	4,886	4,710	4,254
Machinery	-	5,226	5,003	4,974	4,523
Construction In Progress	-	698.96	1,471	938.91	1,211

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