SHA:600648 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	7,350	7,001	6,045	7,016	7,058	7,632
Trading Asset Securities	411.38	287.25	0	414.69	0.01	1,904
Cash & Short-Term Investments	7,762	7,288	6,045	7,430	7,058	9,536
Cash Growth	65.56%	20.57%	-18.65%	5.27%	-25.98%	44.53%
Accounts Receivable	832.1	824.71	719.05	743.8	877.57	838.27
Other Receivables	408.36	687.53	546.64	554.59	420.86	626.1
Receivables	1,240	1,512	1,381	1,298	1,298	1,464
Inventory	13,085	12,434	11,023	13,215	12,289	10,795
Prepaid Expenses	-	66.51	118.81	349.44	0.31	1.28
Other Current Assets	232.5	178.63	298.24	898	213.22	116.38
Total Current Assets	22,319	21,479	18,866	23,191	20,859	21,913
Property, Plant & Equipment	759.23	768.79	809.05	871.05	949.14	923.28
Long-Term Investments	3,044	3,065	2,625	1,541	1,397	1,464
Other Intangible Assets	45.07	45.08	44.8	46.6	218.13	60.61
Long-Term Deferred Tax Assets	706.07	703.88	864.24	646.28	964.74	942.95
Long-Term Deferred Charges	75.81	77.97	79.67	76.41	81.75	82.84
Other Long-Term Assets	20,234	20,597	21,737	17,935	17,047	17,508
Total Assets	48,297	47,673	46,096	44,644	41,690	43,109
Accounts Payable	2,449	2,880	3,205	2,747	2,875	3,121
Accrued Expenses	105.47	278.46	620.6	2,512	3,561	3,202
Short-Term Debt	6,915	8,714	10,079	8,234	8,079	7,086
Current Portion of Long-Term Debt	2,832	3,642	3,691	860.39	1,890	606
Current Portion of Leases	-	54.22	48.77	45.11	28.47	52.27
Current Income Taxes Payable	122.15	50.69	71.96	130.2	308.11	294.48
Current Unearned Revenue	566.45	760.09	626.31	1,078	1,535	3,384
Other Current Liabilities	4,746	4,179	4,348	5,053	2,704	2,635
Total Current Liabilities	17,736	20,558	22,690	20,660	20,980	20,382
Long-Term Debt	13,311	9,873	9,046	10,126	7,367	9,643
Long-Term Leases	114.56	120.76	142.04	172.07	140.71	75.54
Long-Term Unearned Revenue	120.52	120.75	134.08	130.03	123.85	178.9
Long-Term Deferred Tax Liabilities	20.97	20.94	21.7	1.95	2.14	2.72
Other Long-Term Liabilities	554.75	556.78	625.17	705.43	780.28	858.02
Total Liabilities	31,857	31,250	32,658	31,795	29,394	31,141
Common Stock	1,360	1,360	1,135	1,135	1,135	1,135
Additional Paid-In Capital	5,808	5,808	3,583	3,585	3,589	3,590
Retained Earnings	8,761	8,775	8,316	7,830	7,275	6,972
Comprehensive Income & Other	27.57	-0.47	-3.58	-4.63	-6.07	-8.13
Total Common Equity	15,956	15,943	13,030	12,546	11,994	11,689
Minority Interest	482.84	480.86	406.86	303.1	301.94	279.19
Shareholders' Equity	16,439	16,423	13,437	12,849	12,296	11,968
Total Liabilities & Equity	48,297	47,673	46,096	44,644	41,690	43,109
Total Debt	23,172	22,403	23,006	19,438	17,506	17,463
Net Cash (Debt)	-15,411	-15,115	-16,961	-12,007	-10,447	-7,927
Net Cash Per Share	-11.52	-11.80	-14.97	-10.60	-9.18	-7.02
Filing Date Shares Outstanding	1,360	1,360	1,360	1,135	1,135	1,135
Total Common Shares Outstanding	1,360	1,360	1,135	1,135	1,135	1,135
Working Capital	4,584	921.15	-3,824	2,531	-120.96	1,530
Book Value Per Share	11.73	11.72	11.48	11.05	10.56	10.30
Tangible Book Value	15,911	15,897	12,986	12,499	11,776	11,628
Tangible Book Value Per Share	11.70	11.69	11.44	11.01	10.37	10.24
Buildings	-	887.31	909.47	909.47	1,104	1,062
Machinery	-	400.57	408.37	424.85	395.88	428.15
Construction In Progress	-	1.68	1.23	4.58	1.43	32.86

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