SHA:600618 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	2,171	2,918	2,651	3,562	3,507	3,527
Cash & Short-Term Investments	2,171	2,918	2,651	3,562	3,507	3,527
Cash Growth	10.39%	10.10%	-25.59%	1.57%	-0.57%	58.80%
Accounts Receivable	921.84	502.77	425.53	445.88	346.06	462.95
Other Receivables	0.16	0.51	0.09	0.1	0.1	0.1
Receivables	921.99	503.28	425.62	445.98	346.16	463.06
Inventory	261.57	307.59	363.96	408.19	375.64	212.25
Other Current Assets	437.39	400.97	152.45	172.11	203.83	253.54
Total Current Assets	3,792	4,130	3,593	4,588	4,433	4,456
Property, Plant & Equipment	8,697	9,134	5,963	5,470	4,754	2,714
Long-Term Investments	1,191	1,146	1,258	1,590	1,473	1,270
Other Intangible Assets	401.73	398.88	410.6	428.85	335.87	354.06
Long-Term Deferred Tax Assets	39.69	39.69	27.73	34.91	23.68	0.36
Long-Term Deferred Charges	29.29	34.4	42.1	35.3	23.71	23.68
Other Long-Term Assets	85.11	212.36	511.53	113.51	132.83	482.2
Total Assets	14,236	15,096	11,805	12,261	11,175	9,300
Accounts Payable	2,051	2,522	1,626	1,101	765.1	574.06
Accrued Expenses	43.29	125.11	120.58	112.81	159.2	184.29
Short-Term Debt	537.16	1,675	589.8	490.12	240	922.03
Current Portion of Long-Term Debt	1.18	0.69	-	102.51	1.41	-
Current Portion of Leases	-	3.31	3.57	3.3	3.01	3.05
Current Income Taxes Payable	31.16	10.91	3.53	42.45	50.96	102.34
Current Unearned Revenue	155.85	176.63	177.16	141.89	103.52	169.36
Other Current Liabilities	156.01	134.27	381.24	128.18	94.87	86.73
Total Current Liabilities	2,975	4,647	2,902	2,122	1,418	2,042
Long-Term Debt	1,459	852.66	-	1,191	1,292	3.92
Long-Term Leases	16.02	11.28	9.2	12.9	17.58	4.5
Long-Term Unearned Revenue	112.72	111.1	62.4	58.9	29.21	19.21
Pension & Post-Retirement Benefits	-	84.27	92.07	91.68	93.11	101.3
Long-Term Deferred Tax Liabilities	73.88	74.77	56.77	49.48	42.79	22.64
Other Long-Term Liabilities	83.61	-	-	-	-	3.34
Total Liabilities	4,720	5,781	3,122	3,525	2,893	2,197
Common Stock	1,156	1,156	1,156	1,156	1,156	1,156
Additional Paid-In Capital	1,644	1,644	1,644	1,673	1,673	1,673
Retained Earnings	6,671	6,465	5,780	5,219	4,875	3,967
Comprehensive Income & Other	53.93	58.66	111.58	79.98	84.32	68.13
Total Common Equity	9,525	9,324	8,691	8,129	7,789	6,865
Minority Interest	-9.37	-9.32	-8.09	606.46	493.32	238.95
Shareholders' Equity	9,516	9,315	8,683	8,735	8,282	7,104
Total Liabilities & Equity	14,236	15,096	11,805	12,261	11,175	9,300
Total Debt	2,013	2,543	602.57	1,799	1,554	933.51
Net Cash (Debt)	158.18	375.73	2,048	1,763	1,953	2,594
Net Cash Growth	-89.61%	-81.66%	16.19%	-9.75%	-24.69%	17.51%
Net Cash Per Share	0.14	0.32	1.77	1.52	1.69	2.24
Filing Date Shares Outstanding	1,156	1,156	1,156	1,156	1,156	1,156
Total Common Shares Outstanding	1,156	1,156	1,156	1,156	1,156	1,156
Working Capital	816.94	-517.08	690.91	2,467	3,015	2,414
Book Value Per Share	8.24	8.06	7.52	7.03	6.74	5.94
Tangible Book Value	9,123	8,925	8,281	7,700	7,453	6,511
Tangible Book Value Per Share	7.89	7.72	7.16	6.66	6.45	5.63
Buildings	-	2,359	2,098	1,976	1,385	1,386
Machinery	-	6,416	6,568	6,534	3,760	3,966
Construction In Progress	-	4,694	1,314	575.06	3,094	917.61

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