Shanghai Bailian (Group) 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	6,887	10,226	17,535	19,431	19,271	15,474
Trading Asset Securities	4,706	4,265	2,995	1,802	1,369	1,210
Cash & Short-Term Investments	11,593	14,491	20,530	21,233	20,640	16,684
Cash Growth	-44.07%	-29.42%	-3.31%	2.88%	23.71%	0.99%
Accounts Receivable	683.39	690.95	888.61	872.59	698.22	796.65
Other Receivables	685.6	666.98	298.8	292.59	522.56	981.72
Receivables	1,369	1,358	1,187	1,165	1,221	1,778
Inventory	2,186	2,021	2,445	2,999	3,612	3,368
Other Current Assets	728.62	1,132	916.53	386.77	470.33	648.03
Total Current Assets	15,877	19,001	25,079	25,785	25,943	22,478
Property, Plant & Equipment	17,642	18,055	19,469	21,463	22,327	24,578
Long-Term Investments	5,760	6,554	5,619	4,338	4,587	5,162
Goodwill	152.73	153.21	155.13	157.05	158.97	138.91
Other Intangible Assets	3,624	3,664	3,273	3,255	3,378	3,845
Long-Term Accounts Receivable	-	3.66	21.91	31.54	56.76	81.9
Long-Term Deferred Tax Assets	145.4	132.43	188.38	217.36	217.85	131.82
Long-Term Deferred Charges	663.89	667.79	802.56	910.42	1,009	1,106
Other Long-Term Assets	10,783	8,636	1,738	109.03	118.23	323.02
Total Assets	54,648	56,868	56,345	56,266	57,796	57,845
Accounts Payable	6,860	6,909	6,559	6,912	6,253	5,493
Accrued Expenses	379.69	1,031	1,111	1,100	1,294	1,269
Short-Term Debt	475.43	3,151	3,120	3,331	3,526	2,977
Current Portion of Long-Term Debt	1,319	361.78	258.9	190.34	179.12	503.89
Current Portion of Leases	-	1,011	940.2	1,303	1,279	1,271
Current Income Taxes Payable	775.02	561.84	214.34	321.06	319.31	259.43
Current Unearned Revenue	6,182	8,319	8,999	8,866	6,259	5,888
Other Current Liabilities	7,908	4,582	3,655	3,642	6,319	6,674
Total Current Liabilities	23,900	25,927	24,857	25,666	25,429	24,334
Long-Term Debt	1,630	1,605	1,678	1,840	2,028	1,548
Long-Term Leases	5,426	5,624	6,721	7,700	8,885	9,881
Long-Term Unearned Revenue	110.05	110.58	127.97	146.71	163.95	183.4
Pension & Post-Retirement Benefits	-	346.68	338.38	309.26	279.29	259.6
Long-Term Deferred Tax Liabilities	823.67	1,061	1,236	828.41	826.95	1,016
Other Long-Term Liabilities	491.6	146.47	172.2	156.48	165.07	152.15
Total Liabilities	32,382	34,822	35,131	36,646	37,777	37,374
Common Stock	1,784	1,784	1,784	1,784	1,784	1,784
Additional Paid-In Capital	3,141	3,141	3,022	3,094	3,072	3,051
Retained Earnings	14,602	13,810	12,498	11,147	10,962	10,606
Comprehensive Income & Other	1,052	1,655	2,357	1,771	1,742	2,463
Total Common Equity	20,579	20,390	19,662	17,796	17,560	17,904
Minority Interest	1,687	1,655	1,552	1,824	2,458	2,567
Shareholders' Equity	22,266	22,046	21,214	19,620	20,019	20,472
Total Liabilities & Equity	54,648	56,868	56,345	56,266	57,796	57,845
Total Debt	8,851	11,754	12,718	14,364	15,898	16,180
Net Cash (Debt)	2,742	2,737	7,812	6,869	4,742	504.02
Net Cash Growth	-63.38%	-64.96%	13.72%	44.87%	840.80%	-93.97%
Net Cash Per Share	1.52	1.52	4.39	3.85	2.66	0.28
Filing Date Shares Outstanding	1,784	1,784	1,784	1,784	1,784	1,784
Total Common Shares Outstanding	1,784	1,784	1,784	1,784	1,784	1,784
Working Capital	-8,023	-6,926	221.57	118.23	513.98	-1,856
Book Value Per Share	11.53	11.43	11.02	9.97	9.84	10.03
Tangible Book Value	16,803	16,573	16,234	14,384	14,023	13,920
Tangible Book Value Per Share	9.42	9.29	9.10	8.06	7.86	7.80
Buildings	-	17,376	17,850	18,342	17,448	17,971
Machinery	-	2,740	2,848	3,258	3,437	3,694
Construction In Progress	-	554.16	52.98	51.58	467.27	562.43

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