SHA:600874 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	4,284	4,718	2,757	2,613	3,252	2,139
Cash & Short-Term Investments	4,284	4,718	2,757	2,613	3,252	2,139
Cash Growth	73.29%	71.12%	5.53%	-19.66%	52.00%	28.60%
Accounts Receivable	4,559	3,962	3,631	3,290	2,753	2,334
Other Receivables	748.79	927.68	296.44	249.16	187.45	247.41
Receivables	5,308	4,889	3,928	3,539	2,966	2,604
Inventory	45.32	42.63	40.54	35.69	31.14	21.83
Other Current Assets	454.82	230.69	131.41	48.57	99.54	71.73
Total Current Assets	10,092	9,880	6,857	6,236	6,349	4,837
Property, Plant & Equipment	1,925	1,973	1,733	1,715	1,072	1,012
Long-Term Investments	213.87	213.87	192.2	190.65	195.11	197
Goodwill	-	-	-	150.05	319.81	405.46
Other Intangible Assets	9,927	10,036	10,946	10,895	10,130	10,332
Long-Term Accounts Receivable	-	59.6	-	136.45	90.95	169.82
Long-Term Deferred Tax Assets	124.68	109.86	71.99	32.08	7.4	19.27
Long-Term Deferred Charges	14.96	15.77	0.45	-	-	-
Other Long-Term Assets	3,736	3,566	5,216	4,938	4,639	3,900
Total Assets	26,034	25,965	25,155	24,461	22,970	21,065
Accounts Payable	920.68	1,084	946.97	668.89	511.16	429.52
Accrued Expenses	46.58	147.64	171.25	135.53	124.9	137.55
Short-Term Debt	110.27	95.76	29.33	3.48	1.49	145.85
Current Portion of Long-Term Debt	1,364	1,252	2,091	2,007	1,273	949.77
Current Portion of Leases	-	19.26	1.89	3.65	3.82	3.12
Current Income Taxes Payable	107.31	40.9	59.6	39.85	22.21	18.56
Current Unearned Revenue	362.48	331	221.72	411.78	513.47	567.68
Other Current Liabilities	857.25	769.78	1,066	1,036	897.12	958.72
Total Current Liabilities	3,768	3,740	4,588	4,307	3,347	3,211
Long-Term Debt	8,664	8,914	7,914	7,887	7,976	7,643
Long-Term Leases	3.94	3.25	1.28	3.18	6.84	6.23
Long-Term Unearned Revenue	1,607	1,600	1,638	1,791	1,856	1,934
Long-Term Deferred Tax Liabilities	113.23	110.38	86.25	87.29	86.09	119.69
Other Long-Term Liabilities	182.45	198.48	130.58	168.96	196.3	47.21
Total Liabilities	14,339	14,566	14,358	14,245	13,467	12,961
Common Stock	1,570	1,570	1,570	1,570	1,570	1,427
Additional Paid-In Capital	1,110	1,110	1,115	1,115	1,111	437.95
Retained Earnings	7,855	7,579	6,983	6,437	5,798	5,255
Total Common Equity	10,536	10,259	9,669	9,122	8,479	7,120
Minority Interest	1,159	1,140	1,128	1,094	1,023	983.87
Shareholders' Equity	11,695	11,399	10,797	10,216	9,502	8,104
Total Liabilities & Equity	26,034	25,965	25,155	24,461	22,970	21,065
Total Debt	10,142	10,284	10,037	9,905	9,260	8,748
Net Cash (Debt)	-5,859	-5,566	-7,280	-7,292	-6,008	-6,609
Net Cash Per Share	-3.74	-3.55	-4.60	-4.64	-4.08	-4.67
Filing Date Shares Outstanding	1,570	1,570	1,570	1,570	1,570	1,427
Total Common Shares Outstanding	1,570	1,570	1,570	1,570	1,570	1,427
Working Capital	6,324	6,140	2,269	1,929	3,002	1,626
Book Value Per Share	6.71	6.53	6.16	5.81	5.40	4.99
Tangible Book Value	608.62	223.16	-1,277	-1,923	-1,971	-3,617
Tangible Book Value Per Share	0.39	0.14	-0.81	-1.22	-1.25	-2.53
Buildings	-	1,248	1,070	903.53	752.21	752.21
Machinery	-	1,430	1,285	1,087	757.14	752.43
Construction In Progress	-	262.63	239.89	421.45	151.96	29.66

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