SHA:600638 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	7,857	7,140	5,763	5,494	6,966	5,085
Short-Term Investments	-	169.12	172.6	141.35	275.6	285
Trading Asset Securities	177.86	210.66	270.36	342.45	70.97	97.03
Cash & Short-Term Investments	8,035	7,520	6,206	5,978	7,312	5,467
Cash Growth	47.03%	21.18%	3.81%	-18.25%	33.76%	15.23%
Accounts Receivable	31	30.54	41.27	87.58	19.79	43.92
Other Receivables	560.58	546.95	259.87	219.32	81.42	531.75
Receivables	591.58	577.49	301.14	311.96	109.86	609.18
Inventory	836.19	847.37	1,984	4,025	6,662	8,475
Prepaid Expenses	-	34.18	110.86	67.8	114.64	105.08
Other Current Assets	6,096	5,050	4,415	3,686	4,041	3,668
Total Current Assets	15,559	14,029	13,016	14,068	18,241	18,324
Property, Plant & Equipment	655.91	646.55	440.21	471.08	505.28	488.96
Long-Term Investments	1,551	1,539	1,837	1,691	1,769	1,747
Other Intangible Assets	1.31	2.92	3.94	5.07	4.75	5.47
Long-Term Deferred Tax Assets	48.35	48.83	49.83	69.76	71.84	62.94
Long-Term Deferred Charges	12.88	13.94	14.77	29.99	10.41	35.63
Other Long-Term Assets	2,943	3,725	3,798	4,004	3,931	777.48
Total Assets	20,772	20,005	19,160	20,340	24,532	21,441
Accounts Payable	191.57	200.95	419.56	609.42	1,802	626.5
Accrued Expenses	29.47	186.83	181.37	268.66	257.64	256.25
Short-Term Debt	30.77	649.54	432.23	639.7	1,198	914.8
Current Portion of Long-Term Debt	36.65	40.76	115.19	98.75	148.71	96.59
Current Portion of Leases	-	7.32	8.4	10.81	10.1	4.85
Current Income Taxes Payable	140.68	25.61	11.86	47.04	42.69	133.49
Current Unearned Revenue	198.29	274.24	2,029	2,908	2,821	5,048
Other Current Liabilities	12,412	10,496	7,584	7,117	8,637	6,474
Total Current Liabilities	13,039	11,881	10,781	11,699	14,917	13,555
Long-Term Debt	2,440	3,054	3,466	2,749	2,768	2,544
Long-Term Leases	3.88	3.82	9.82	14.83	22.74	2.65
Long-Term Unearned Revenue	-	85.59	8.8	994.79	1,925	589.02
Long-Term Deferred Tax Liabilities	79.89	79.29	72.01	88.83	95.72	97.65
Other Long-Term Liabilities	260.98	91.09	75.03	148.66	217.19	129.92
Total Liabilities	15,824	15,195	14,412	15,695	19,946	16,918
Common Stock	673.4	673.4	673.4	673.4	673.4	673.4
Additional Paid-In Capital	-	902.1	902.1	902.64	902.64	902.64
Retained Earnings	3,100	2,962	2,919	2,856	2,811	2,789
Comprehensive Income & Other	903.14	1.04	2.55	-1.3	-6.82	-1.63
Total Common Equity	4,676	4,538	4,497	4,431	4,381	4,363
Minority Interest	271.06	271.87	250.67	213.61	205.81	160.32
Shareholders' Equity	4,947	4,810	4,748	4,644	4,586	4,523
Total Liabilities & Equity	20,772	20,005	19,160	20,340	24,532	21,441
Total Debt	2,512	3,755	4,031	3,513	4,148	3,563
Net Cash (Debt)	5,523	3,765	2,174	2,464	3,165	1,904
Net Cash Growth	113.11%	73.17%	-11.78%	-22.13%	66.19%	331.99%
Net Cash Per Share	8.21	5.59	3.23	3.66	4.70	2.83
Filing Date Shares Outstanding	673.4	673.4	673.4	673.4	673.4	673.4
Total Common Shares Outstanding	673.4	673.4	673.4	673.4	673.4	673.4
Working Capital	2,520	2,148	2,235	2,369	3,324	4,769
Book Value Per Share	6.94	6.74	6.68	6.58	6.51	6.48
Tangible Book Value	4,675	4,535	4,493	4,426	4,376	4,358
Tangible Book Value Per Share	6.94	6.73	6.67	6.57	6.50	6.47
Buildings	-	578.8	568.8	568.8	556.69	556.68
Machinery	-	150.13	145.1	145.27	156.09	133.08
Construction In Progress	-	224.11	1.82	-	-	-

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