SHA:601019 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	4,255	6,301	6,047	6,871	7,661	7,318
Trading Asset Securities	2,172	2,166	1,865	1,915	2,167	2,289
Cash & Short-Term Investments	6,428	8,467	7,911	8,786	9,828	9,608
Cash Growth	-18.57%	7.02%	-9.95%	-10.60%	2.29%	11.93%
Accounts Receivable	2,454	1,728	1,634	1,539	1,919	2,097
Other Receivables	72.68	169.31	150.62	162.22	115.07	186.21
Receivables	2,527	1,897	1,785	1,701	2,034	2,283
Inventory	2,054	1,677	1,911	2,057	1,662	1,809
Prepaid Expenses	-	0.6	0.7	0.68	0.65	0.92
Other Current Assets	1,062	2,646	1,627	333.28	244.61	196.77
Total Current Assets	12,071	14,687	13,234	12,878	13,769	13,898
Property, Plant & Equipment	4,087	4,125	4,184	4,192	4,019	3,594
Long-Term Investments	621.07	571.49	467.91	3,940	1,243	371.15
Goodwill	2.19	2.19	-	-	-	-
Other Intangible Assets	754.79	764.18	790.86	866.41	933.84	793.6
Long-Term Accounts Receivable	-	-	-	1.14	2.23	4.67
Long-Term Deferred Tax Assets	11.6	11.67	12.15	342.35	5.73	5.53
Long-Term Deferred Charges	70.61	76.64	105.93	129.09	143.17	138.67
Other Long-Term Assets	5,221	1,990	3,046	505.29	450.83	811.54
Total Assets	22,839	22,229	21,841	22,854	20,566	19,616
Accounts Payable	3,144	2,317	2,393	2,958	2,044	2,211
Accrued Expenses	487.27	1,257	1,151	967.45	1,422	1,146
Short-Term Debt	103.05	10.15	16.96	79.78	116.61	24.27
Current Portion of Leases	-	19.24	18.47	15.68	12.19	26.4
Current Income Taxes Payable	53.93	0.2	1.42	1.89	3.35	0.98
Current Unearned Revenue	1,651	1,585	1,501	1,915	1,700	1,656
Other Current Liabilities	454.39	424.85	528.47	707.44	653.44	843.04
Total Current Liabilities	5,909	5,614	5,611	6,645	5,952	5,907
Long-Term Leases	123.25	122.6	111.39	115.67	117.73	134.7
Long-Term Unearned Revenue	366.24	372.29	373.5	391.53	405.08	419.75
Pension & Post-Retirement Benefits	-	737.11	810.81	720.48	723.6	761.38
Long-Term Deferred Tax Liabilities	5.49	5.69	7.79	118.7	7.14	7.69
Other Long-Term Liabilities	733.99	1.43	-	-	-	-
Total Liabilities	7,138	6,854	6,914	7,991	7,206	7,231
Common Stock	2,087	2,087	2,087	2,087	2,087	2,087
Additional Paid-In Capital	2,173	2,173	2,173	2,173	2,186	2,186
Retained Earnings	11,421	11,092	10,691	10,589	9,024	8,074
Comprehensive Income & Other	32.05	32.05	-18.23	15.88	63.11	23.36
Total Common Equity	15,713	15,385	14,933	14,865	13,361	12,371
Minority Interest	-12.11	-9.59	-5.76	-2.77	0.06	14.45
Shareholders' Equity	15,701	15,375	14,927	14,863	13,361	12,385
Total Liabilities & Equity	22,839	22,229	21,841	22,854	20,566	19,616
Total Debt	241.64	151.99	146.83	211.14	246.53	185.37
Net Cash (Debt)	6,186	8,315	7,765	8,574	9,581	9,422
Net Cash Growth	-20.16%	7.08%	-9.44%	-10.51%	1.69%	10.62%
Net Cash Per Share	2.99	3.97	3.73	4.11	4.62	4.49
Filing Date Shares Outstanding	2,052	2,087	2,087	2,068	2,087	2,087
Total Common Shares Outstanding	2,052	2,087	2,087	2,068	2,087	2,087
Working Capital	6,162	9,073	7,624	6,233	7,817	7,990
Book Value Per Share	7.66	7.37	7.16	7.19	6.40	5.93
Tangible Book Value	14,956	14,618	14,142	13,999	12,427	11,577
Tangible Book Value Per Share	7.29	7.00	6.78	6.77	5.95	5.55
Buildings	-	4,649	4,466	4,310	3,893	3,408
Machinery	-	1,493	1,481	1,385	1,312	1,228
Construction In Progress	-	194.74	264.69	302.03	468.35	407.26

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