SHA:600650 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	1,880	1,914	1,765	1,589	1,953	1,091
Trading Asset Securities	88.69	88.21	99	72.93	69.52	71.69
Cash & Short-Term Investments	1,969	2,002	1,864	1,662	2,023	1,162
Cash Growth	8.29%	7.44%	12.13%	-17.84%	74.03%	-17.96%
Accounts Receivable	170.29	182.61	247.77	184.6	195.82	174.09
Other Receivables	76.38	93.72	81.72	51.53	42.78	333.92
Receivables	246.67	276.33	329.5	236.13	238.6	508.01
Inventory	83.2	67.97	66.96	141.7	165.04	154.78
Other Current Assets	50.23	53.79	46.11	49.85	23.26	63.85
Total Current Assets	2,349	2,400	2,306	2,090	2,450	1,889
Property, Plant & Equipment	853.36	868.68	966.97	926.16	872.1	989.52
Long-Term Investments	1,711	1,936	1,775	1,541	1,483	1,935
Goodwill	37.94	37.94	37.94	37.94	37.94	-
Other Intangible Assets	419.42	419.81	422.43	424.89	423.73	302.43
Long-Term Deferred Tax Assets	12.4	12.4	9.08	6.99	6.22	12.07
Long-Term Deferred Charges	4.15	4.41	2.62	6.05	7.27	7.15
Other Long-Term Assets	30.66	31.19	33.4	62.03	43.69	44.02
Total Assets	5,417	5,711	5,554	5,095	5,324	5,179
Accounts Payable	76.53	102.98	104.39	68.29	149.44	193.67
Accrued Expenses	66.74	128.13	149.61	155.22	175.22	150.74
Short-Term Debt	20	20	20	20	91.07	52.85
Current Portion of Long-Term Debt	47.41	33.06	11.56	6.4	-	-
Current Portion of Leases	-	8.27	6.29	5.74	8.29	29.72
Current Income Taxes Payable	22.84	9.27	15.24	13.24	202.47	32.06
Current Unearned Revenue	48.25	55.84	68.62	65.84	61.19	66.1
Other Current Liabilities	226.99	217.97	261.05	254.93	233.58	235.16
Total Current Liabilities	508.77	575.53	636.75	589.66	921.27	760.3
Long-Term Debt	37.5	39.5	69.95	30.23	-	-
Long-Term Leases	48.97	50.35	3.88	7.3	5.2	92.34
Long-Term Unearned Revenue	26.05	26.33	21.22	22.38	23.63	24.87
Pension & Post-Retirement Benefits	-	13.14	15.15	37.99	38.92	39.04
Long-Term Deferred Tax Liabilities	252.52	312.11	282.71	216.91	190.69	234.65
Other Long-Term Liabilities	48.31	36.65	52.5	45.34	48.88	55.48
Total Liabilities	922.12	1,054	1,082	949.82	1,229	1,207
Common Stock	551.61	551.61	551.61	551.61	551.61	551.61
Additional Paid-In Capital	287.94	291.94	291.37	293.16	297.17	301.23
Retained Earnings	2,702	2,686	2,604	2,454	2,463	1,980
Comprehensive Income & Other	706.01	885.14	784.67	606.17	542.55	727.78
Total Common Equity	4,247	4,414	4,232	3,905	3,854	3,560
Minority Interest	247.76	242.93	239.45	240.65	241.64	412.06
Shareholders' Equity	4,495	4,657	4,472	4,145	4,096	3,972
Total Liabilities & Equity	5,417	5,711	5,554	5,095	5,324	5,179
Total Debt	153.89	151.19	111.67	69.67	104.56	174.91
Net Cash (Debt)	1,815	1,851	1,752	1,592	1,918	987.48
Net Cash Growth	8.81%	5.66%	10.02%	-16.99%	94.27%	-25.16%
Net Cash Per Share	3.28	3.35	3.17	2.89	3.48	1.79
Filing Date Shares Outstanding	552.53	551.61	551.61	551.61	551.61	551.61
Total Common Shares Outstanding	552.53	551.61	551.61	551.61	551.61	551.61
Working Capital	1,840	1,825	1,670	1,500	1,529	1,129
Book Value Per Share	7.69	8.00	7.67	7.08	6.99	6.45
Tangible Book Value	3,790	3,957	3,772	3,442	3,392	3,258
Tangible Book Value Per Share	6.86	7.17	6.84	6.24	6.15	5.91
Buildings	-	363.52	359.59	359.7	359.7	310.27
Machinery	-	1,577	1,721	1,631	1,558	1,479
Construction In Progress	-	5.79	3.52	4.28	7.35	40.37