SHA:600546 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	6,599	6,063	6,426	6,372	10,329	11,921
Cash & Short-Term Investments	6,599	6,063	6,426	6,372	10,329	11,921
Cash Growth	-2.14%	-5.66%	0.86%	-38.31%	-13.35%	124.70%
Accounts Receivable	317.88	221.73	373.11	569.04	1,979	2,268
Other Receivables	172.75	143.37	65.03	32.64	73.43	108.27
Receivables	490.63	365.1	438.15	601.68	2,053	2,376
Inventory	697.76	861.7	565.13	503.16	1,086	1,543
Prepaid Expenses	-	-	-	63.66	57.89	2.54
Other Current Assets	945.58	807.21	718.33	959.95	591.54	829.22
Total Current Assets	8,733	8,097	8,148	8,500	14,117	16,672
Property, Plant & Equipment	21,350	21,454	21,899	21,272	20,152	19,134
Long-Term Investments	2,650	2,640	2,791	2,956	1,019	1,135
Other Intangible Assets	5,135	5,238	5,419	5,828	6,007	6,218
Long-Term Accounts Receivable	-	-	-	-	-	20
Long-Term Deferred Tax Assets	186.04	169.01	201.77	210.1	269.89	238.58
Long-Term Deferred Charges	380.22	411.62	505.94	329.75	638.64	1,026
Other Long-Term Assets	1,351	1,414	1,415	1,521	3,377	1,533
Total Assets	39,784	39,424	40,380	40,617	45,580	45,977
Accounts Payable	4,619	5,290	5,004	4,766	4,254	5,365
Accrued Expenses	1,364	1,270	1,365	1,388	1,474	2,100
Short-Term Debt	-	-	-	500	1,639	2,428
Current Portion of Long-Term Debt	1,556	377.45	1,046	264.73	2,073	3,215
Current Portion of Leases	-	13.59	64.09	59.48	7.49	136.81
Current Income Taxes Payable	-	278.59	233.73	347.06	1,343	1,988
Current Unearned Revenue	2,109	1,491	1,463	1,903	5,012	3,667
Other Current Liabilities	2,491	2,845	2,853	3,282	4,816	3,510
Total Current Liabilities	12,139	11,565	12,029	12,511	20,619	22,410
Long-Term Debt	4,869	6,009	5,193	4,651	3,468	6,546
Long-Term Leases	117.92	5.94	17.19	73.37	11.59	74.85
Long-Term Unearned Revenue	87.33	88.44	93.12	77.6	83.86	85.93
Long-Term Deferred Tax Liabilities	17.55	17.55	15.75	12.32	8.23	4.93
Other Long-Term Liabilities	2,523	2,505	3,050	2,760	2,607	2,495
Total Liabilities	19,755	20,190	20,398	20,085	26,797	31,616
Common Stock	1,982	1,982	1,982	1,982	1,982	1,982
Additional Paid-In Capital	-	3,329	3,329	3,329	3,443	3,351
Retained Earnings	10,922	10,492	10,694	9,714	9,023	6,098
Comprehensive Income & Other	3,800	361.44	486.1	652.8	599.58	398.15
Total Common Equity	16,704	16,165	16,491	15,678	15,048	11,830
Minority Interest	3,325	3,068	3,491	4,854	3,735	2,531
Shareholders' Equity	20,030	19,233	19,982	20,532	18,783	14,361
Total Liabilities & Equity	39,784	39,424	40,380	40,617	45,580	45,977
Total Debt	6,543	6,406	6,320	5,549	7,199	12,401
Net Cash (Debt)	55.84	-342.98	106.4	822.9	3,130	-480.75
Net Cash Growth	-	-	-87.07%	-73.71%	-	-
Net Cash Per Share	0.03	-0.17	0.05	0.42	1.58	-0.24
Filing Date Shares Outstanding	1,982	1,982	1,982	1,982	1,982	1,982
Total Common Shares Outstanding	1,982	1,982	1,982	1,982	1,982	1,982
Working Capital	-3,406	-3,468	-3,881	-4,010	-6,502	-5,738
Book Value Per Share	8.43	8.15	8.32	7.91	7.59	5.97
Tangible Book Value	11,570	10,927	11,073	9,850	9,041	5,611
Tangible Book Value Per Share	5.84	5.51	5.59	4.97	4.56	2.83
Buildings	-	17,590	17,297	16,822	12,611	11,692
Machinery	-	12,826	11,575	10,866	9,155	8,061
Construction In Progress	-	1,912	2,926	2,406	4,966	4,342

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