SHA:600988 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	6,821	2,747	1,662	1,285	1,825
Short-Term Investments	-	-	-	42.12	-
Trading Asset Securities	19.23	10	16.91	48.71	17.67
Cash & Short-Term Investments	6,840	2,757	1,679	1,376	1,842
Cash Growth	148.05%	64.21%	22.04%	-25.32%	-13.63%
Accounts Receivable	466.58	587.17	513.21	368.87	25.26
Other Receivables	68.39	96.19	95.54	53.45	382.68
Receivables	534.97	683.35	608.75	422.32	407.94
Inventory	2,685	2,540	2,407	2,165	1,412
Other Current Assets	190.35	423.07	200.52	146.58	95.71
Total Current Assets	10,251	6,404	4,895	4,109	3,758
Property, Plant & Equipment	8,036	7,284	6,652	6,102	2,879
Long-Term Investments	18.77	3.96	373.48	357.82	1.99
Goodwill	15.74	41.97	41.97	41.97	41.97
Other Intangible Assets	6,294	6,319	6,525	6,733	1,181
Long-Term Accounts Receivable	-	1.19	-	-	-
Long-Term Deferred Tax Assets	75.12	67.23	17.48	53.98	5.22
Long-Term Deferred Charges	37.19	0.35	0.4	0.48	2.92
Other Long-Term Assets	253.59	206.52	211.67	145.02	183.31
Total Assets	24,981	20,329	18,718	17,544	8,054
Accounts Payable	344.89	287.82	298.42	589.72	316.32
Accrued Expenses	765.24	613.76	545.42	279.05	175.95
Short-Term Debt	707.6	1,108	850.01	488.41	-
Current Portion of Long-Term Debt	100.79	282.33	218.32	333.77	25.53
Current Portion of Leases	35.23	37.84	38.08	31.18	1.42
Current Income Taxes Payable	1,087	548.46	267.69	177.08	102.44
Current Unearned Revenue	95.03	95.98	73.18	62.05	4.55
Other Current Liabilities	587.69	1,077	1,431	1,319	715.41
Total Current Liabilities	3,724	4,051	3,722	3,280	1,342
Long-Term Debt	69.62	599.5	1,422	1,514	-
Long-Term Leases	148.52	179.6	207.22	230.81	2.97
Long-Term Unearned Revenue	569.5	602.93	578.75	2.07	2.12
Long-Term Deferred Tax Liabilities	2,252	2,330	2,315	2,456	1.92
Other Long-Term Liabilities	1,707	1,843	1,931	2,653	1,704
Total Liabilities	8,470	9,605	10,176	10,136	3,053
Common Stock	1,900	1,664	1,664	1,664	1,664
Additional Paid-In Capital	3,263	626.74	927.52	626.61	626.61
Retained Earnings	8,475	5,697	4,015	3,211	2,760
Treasury Stock	-220.02	-220.02	-520.8	-300.79	-
Comprehensive Income & Other	-3.96	149.06	66.14	-13.45	-430.28
Total Common Equity	13,415	7,917	6,152	5,188	4,620
Minority Interest	3,095	2,806	2,390	2,221	380.61
Shareholders' Equity	16,511	10,723	8,542	7,408	5,001
Total Liabilities & Equity	24,981	20,329	18,718	17,544	8,054
Total Debt	1,062	2,207	2,736	2,598	29.93
Net Cash (Debt)	5,778	549.97	-1,056	-1,222	1,812
Net Cash Growth	950.64%	-	-	-	-6.67%
Net Cash Per Share	3.17	0.33	-0.64	-0.74	1.10
Filing Date Shares Outstanding	1,885	1,854	1,649	1,664	1,664
Total Common Shares Outstanding	1,885	1,649	1,649	1,664	1,664
Working Capital	6,527	2,353	1,173	829.58	2,417
Book Value Per Share	7.12	4.80	3.73	3.12	2.78
Tangible Book Value	7,105	1,556	-415.34	-1,587	3,398
Tangible Book Value Per Share	3.77	0.94	-0.25	-0.95	2.04
Buildings	1,757	1,593	1,297	1,035	818.63
Machinery	7,893	7,749	7,422	7,000	5,637
Construction In Progress	776.91	677.87	592.31	676.83	435.63

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.