SHA:600973 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	4,065	2,901	2,832	3,755	3,904	3,869
Trading Asset Securities	265.99	3.6	0.56	-	65.67	27
Cash & Short-Term Investments	4,331	2,905	2,833	3,755	3,970	3,896
Cash Growth	7.91%	2.54%	-24.56%	-5.40%	1.90%	7.41%
Accounts Receivable	7,979	6,755	7,211	6,889	6,488	5,774
Other Receivables	183.76	136.03	127.26	163.61	124.83	94.28
Receivables	8,163	6,891	7,338	7,053	6,613	5,868
Inventory	2,866	3,903	3,279	3,432	2,613	2,737
Prepaid Expenses	-	25.7	100.17	13.89	22.7	4.81
Other Current Assets	2,227	1,666	1,122	884.35	737.68	1,083
Total Current Assets	17,586	15,391	14,672	15,139	13,956	13,589
Property, Plant & Equipment	3,736	3,792	3,999	5,781	5,753	5,815
Long-Term Investments	665.63	694.06	790.77	111.06	118.22	31.69
Goodwill	80.18	80.18	88.45	106.35	117.68	132.01
Other Intangible Assets	738.57	746.37	789.6	867.22	865.41	871.78
Long-Term Deferred Tax Assets	417.26	403.71	402.54	335.68	312.69	314.57
Long-Term Deferred Charges	149.31	27.34	34.51	31.62	34.65	40.9
Other Long-Term Assets	4.91	5.7	6.03	22.44	42.08	70.32
Total Assets	23,378	21,141	20,783	22,394	21,200	20,865
Accounts Payable	4,855	3,877	3,038	2,963	1,303	1,210
Accrued Expenses	14	109.31	120.18	92.39	93.28	108.92
Short-Term Debt	8,315	7,146	8,218	8,334	9,230	9,594
Current Portion of Long-Term Debt	1,992	1,455	1,998	918.69	1,380	652.46
Current Portion of Leases	-	1.47	0.79	12.26	11.45	18.6
Current Income Taxes Payable	46.26	9.69	9.48	14.06	8.34	70.62
Current Unearned Revenue	610.28	549.36	520.07	627.59	335.37	520.24
Other Current Liabilities	814.39	950.09	837.82	1,088	2,022	1,162
Total Current Liabilities	16,647	14,097	14,742	14,050	14,383	13,337
Long-Term Debt	2,385	2,518	1,831	3,137	1,779	2,389
Long-Term Leases	18.79	57.59	88.98	153.46	108.11	371.73
Long-Term Unearned Revenue	32.73	32.92	36.29	52.86	42.78	27.04
Long-Term Deferred Tax Liabilities	31.62	81.73	19.15	27.84	34.56	24.59
Other Long-Term Liabilities	194.17	6.81	0.79	-	-	0.02
Total Liabilities	19,310	16,794	16,718	17,421	16,347	16,150
Common Stock	1,371	1,371	1,371	1,371	1,371	1,371
Additional Paid-In Capital	1,495	1,495	1,495	1,495	1,514	1,526
Retained Earnings	462.81	413.16	457.04	791.85	760.83	695.59
Comprehensive Income & Other	56.56	376.07	51.19	95.03	95.37	50.63
Total Common Equity	3,386	3,656	3,375	3,753	3,742	3,643
Minority Interest	682.6	691.37	690.46	1,220	1,111	1,072
Shareholders' Equity	4,068	4,347	4,065	4,973	4,853	4,715
Total Liabilities & Equity	23,378	21,141	20,783	22,394	21,200	20,865
Total Debt	12,711	11,177	12,136	12,555	12,508	13,026
Net Cash (Debt)	-8,380	-8,272	-9,303	-8,800	-8,538	-9,131
Net Cash Per Share	-5.68	-5.65	-6.83	-5.67	-6.53	-6.70
Filing Date Shares Outstanding	1,379	1,371	1,371	1,371	1,371	1,371
Total Common Shares Outstanding	1,379	1,371	1,371	1,371	1,371	1,371
Working Capital	938.82	1,294	-70.46	1,089	-426.45	251.39
Book Value Per Share	2.45	2.67	2.46	2.74	2.73	2.66
Tangible Book Value	2,567	2,829	2,497	2,780	2,759	2,639
Tangible Book Value Per Share	1.86	2.06	1.82	2.03	2.01	1.92
Buildings	-	3,271	3,251	4,182	4,033	4,031
Machinery	-	4,278	4,167	4,928	4,480	3,922
Construction In Progress	-	236.28	243.37	367.67	480.89	630.17

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