SHA:600981 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	4,352	5,447	3,537	3,467	4,133	3,742
Trading Asset Securities	3,120	3,136	3,125	4,280	4,575	4,510
Cash & Short-Term Investments	7,472	8,583	6,662	7,748	8,708	8,252
Cash Growth	8.22%	28.84%	-14.01%	-11.03%	5.52%	-9.78%
Accounts Receivable	3,699	4,064	4,561	2,997	2,933	3,451
Other Receivables	630.45	485.33	690.18	695.45	617.48	1,098
Receivables	4,329	4,549	5,251	3,692	3,550	4,549
Inventory	8,847	7,443	6,552	4,854	4,322	3,098
Prepaid Expenses	-	-	28	37.96	-	38.24
Other Current Assets	4,176	2,884	2,498	2,590	2,885	3,379
Total Current Assets	24,824	23,459	20,992	18,922	19,465	19,317
Property, Plant & Equipment	1,193	1,207	1,276	1,400	1,476	1,607
Long-Term Investments	1,443	1,454	1,553	1,753	1,816	1,812
Goodwill	165.4	165.4	165.4	166.06	166.06	166.06
Other Intangible Assets	524.25	531.26	570.2	604.54	641.67	622.68
Long-Term Accounts Receivable	-	-	29.91	53.87	214.01	184.82
Long-Term Deferred Tax Assets	519.54	507.12	497.59	500.88	483.92	454.4
Long-Term Deferred Charges	47.77	50.51	40.18	66.27	70.73	59.68
Other Long-Term Assets	671.98	689.67	661.89	699.13	731.71	778.55
Total Assets	29,389	28,064	25,786	24,166	25,065	25,002
Accounts Payable	3,998	3,680	3,776	3,048	2,748	2,968
Accrued Expenses	136.88	209.29	323.2	314.45	386.23	378.41
Short-Term Debt	10,562	9,102	6,767	5,492	7,784	6,979
Current Portion of Long-Term Debt	238.16	1,161	2,846	401.74	1,241	1,129
Current Portion of Leases	-	-	37.64	37.11	57.97	54.49
Current Income Taxes Payable	129.08	191.6	103.46	94.73	80.41	108.97
Current Unearned Revenue	3,618	3,052	2,567	2,250	2,318	2,380
Other Current Liabilities	1,365	1,263	1,441	1,550	1,931	2,083
Total Current Liabilities	20,047	18,658	17,861	13,187	16,546	16,080
Long-Term Debt	2,969	3,015	1,676	4,297	1,891	1,290
Long-Term Leases	120.44	116.58	75.94	110.3	191.86	284.91
Long-Term Unearned Revenue	3.08	3.13	42.66	74.33	101.91	119.73
Long-Term Deferred Tax Liabilities	531.32	534.71	391.35	363.26	362.44	240.09
Other Long-Term Liabilities	74.12	77.45	40.44	49.49	79.84	154.03
Total Liabilities	23,744	22,404	20,088	18,082	19,173	18,169
Common Stock	2,242	2,242	2,242	2,242	2,242	2,242
Additional Paid-In Capital	624.62	624.61	623.78	862.75	701.54	700.04
Retained Earnings	2,119	2,152	2,127	2,098	2,063	2,635
Comprehensive Income & Other	-5.24	8.86	49.14	51.32	11.97	-16.05
Total Common Equity	4,981	5,028	5,042	5,254	5,019	5,562
Minority Interest	663.97	632.58	655.14	830.27	872.2	1,272
Shareholders' Equity	5,645	5,661	5,697	6,084	5,892	6,833
Total Liabilities & Equity	29,389	28,064	25,786	24,166	25,065	25,002
Total Debt	13,889	13,393	11,403	10,338	11,166	9,737
Net Cash (Debt)	-6,417	-4,810	-4,741	-2,590	-2,458	-1,485
Net Cash Per Share	-3.11	-3.04	-1.62	-1.31	-1.08	-0.66
Filing Date Shares Outstanding	3,296	-	2,242	2,242	2,242	2,242
Total Common Shares Outstanding	3,296	-	2,242	2,242	2,242	2,242
Working Capital	4,778	4,802	3,130	5,735	2,919	3,237
Book Value Per Share	1.51	-	2.25	2.34	2.24	2.48
Tangible Book Value	4,291	4,331	4,307	4,484	4,212	4,773
Tangible Book Value Per Share	1.30	-	1.92	2.00	1.88	2.13
Buildings	-	-	1,704	1,743	1,748	1,686
Machinery	-	-	783.27	786.68	730.29	726.68
Construction In Progress	-	-	22.74	17.08	4.87	29.85

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