SHA:601012 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	52,622	55,473	53,157	57,001	54,372	29,172
Trading Asset Securities	140.61	275.06	20.28	30.85	-	-
Cash & Short-Term Investments	52,763	55,748	53,177	57,032	54,372	29,172
Cash Growth	1.89%	4.83%	-6.76%	4.89%	86.39%	8.17%
Accounts Receivable	14,036	15,546	17,563	13,937	12,103	9,565
Other Receivables	354.63	237.61	341.76	356.02	508	402.05
Receivables	14,391	15,784	17,905	14,293	12,611	9,967
Inventory	18,158	14,542	13,382	21,540	19,318	14,076
Prepaid Expenses	-	-	0.44	0.78	0.31	0.03
Other Current Assets	6,051	4,985	5,558	6,995	4,516	5,715
Total Current Assets	91,362	91,058	90,023	99,861	90,817	58,930
Property, Plant & Equipment	44,701	46,036	46,448	47,962	33,166	30,444
Long-Term Investments	7,753	8,086	8,786	9,353	9,813	4,482
Goodwill	344.18	-	-	165.21	176.22	176.22
Other Intangible Assets	1,301	1,087	1,062	1,041	565.56	447.83
Long-Term Accounts Receivable	-	-	-	-	-	2.34
Long-Term Deferred Tax Assets	5,023	4,673	3,712	2,258	1,756	1,453
Long-Term Deferred Charges	1,912	1,886	1,722	1,844	1,143	1,168
Other Long-Term Assets	763.08	977.45	1,091	1,485	2,120	630.99
Total Assets	153,158	153,804	152,845	163,969	139,556	97,735
Accounts Payable	39,464	41,966	37,073	41,089	33,588	21,711
Accrued Expenses	1,587	1,523	2,148	3,227	3,913	2,141
Short-Term Debt	1,216	300.19	300.22	-	78.64	3,232
Current Portion of Long-Term Debt	13,846	10,325	1,686	1,432	552.45	632.18
Current Portion of Leases	-	-	103.49	68.82	126.07	256.72
Current Income Taxes Payable	491.43	543.27	192.22	558.53	585.84	354.38
Current Unearned Revenue	8,317	6,656	6,344	10,483	14,691	7,421
Other Current Liabilities	8,857	9,230	12,446	14,702	6,995	6,756
Total Current Liabilities	73,778	70,544	60,293	71,560	60,529	42,504
Long-Term Debt	13,679	16,335	20,923	12,078	9,526	1,661
Long-Term Leases	8,417	8,365	6,782	5,456	2,888	2,703
Long-Term Unearned Revenue	1,331	1,342	1,024	962.17	951.15	820.91
Long-Term Deferred Tax Liabilities	547.91	552.16	985.52	1,393	1,132	967.01
Other Long-Term Liabilities	3,451	1,954	1,437	1,807	2,275	1,492
Total Liabilities	101,203	99,093	91,444	93,257	77,301	50,148
Common Stock	7,578	7,578	7,578	7,578	7,582	5,413
Additional Paid-In Capital	11,687	12,939	12,999	12,449	12,064	13,859
Retained Earnings	31,621	33,541	39,843	49,747	42,027	28,623
Treasury Stock	-302.94	-302.94	-302.94	-0.02	-96.19	-0.43
Comprehensive Income & Other	354.98	520.33	778.65	717.44	569.86	-446.53
Total Common Equity	50,938	54,276	60,895	70,492	62,147	47,448
Minority Interest	1,017	435.34	505.37	219.7	107.52	139.13
Shareholders' Equity	51,954	54,711	61,401	70,712	62,254	47,587
Total Liabilities & Equity	153,158	153,804	152,845	163,969	139,556	97,735
Total Debt	37,158	35,326	29,794	19,036	13,171	8,485
Net Cash (Debt)	15,605	20,422	23,383	37,996	41,201	20,687
Net Cash Growth	-10.81%	-12.66%	-38.46%	-7.78%	99.16%	23.28%
Net Cash Per Share	2.06	2.70	3.09	5.02	5.42	2.76
Filing Date Shares Outstanding	7,680	7,520	7,558	7,506	7,582	7,578
Total Common Shares Outstanding	7,680	7,520	7,558	7,506	7,582	7,578
Working Capital	17,584	20,514	29,730	28,300	30,287	16,426
Book Value Per Share	6.63	7.22	8.06	9.39	8.20	6.26
Tangible Book Value	49,293	53,189	59,833	69,286	61,405	46,824
Tangible Book Value Per Share	6.42	7.07	7.92	9.23	8.10	6.18
Buildings	-	-	5,101	5,035	2,916	2,561
Machinery	-	-	47,304	43,990	30,570	29,479
Construction In Progress	-	-	4,406	6,279	5,368	2,562

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