SHA:601101 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	5,124	4,507	4,164	5,211	5,458	4,027
Cash & Short-Term Investments	5,124	4,507	4,164	5,211	5,458	4,027
Cash Growth	8.58%	8.25%	-20.10%	-4.52%	35.52%	168.59%
Accounts Receivable	210.9	143.57	211.71	35.32	109.3	329.56
Other Receivables	84.14	48.02	92.42	715.72	627.85	713.9
Receivables	295.04	191.59	304.13	751.04	737.15	1,043
Inventory	219.45	219.65	225	109.84	85.76	108.41
Prepaid Expenses	-	0.44	10.14	3.69	-	-
Other Current Assets	183.9	92.34	88.72	77.07	46.05	95.38
Total Current Assets	5,822	5,011	4,792	6,153	6,327	5,274
Property, Plant & Equipment	12,407	12,268	12,485	12,663	12,360	11,114
Long-Term Investments	1,936	1,936	2,037	1,904	1,827	619.53
Other Intangible Assets	8,758	8,792	8,770	8,852	8,893	11,134
Long-Term Deferred Tax Assets	59.15	59.96	55.61	66.29	84.37	61.9
Long-Term Deferred Charges	416.28	371.54	251.69	233.99	123.76	137.37
Other Long-Term Assets	163.28	189.61	65.11	45.14	190.06	237.9
Total Assets	29,561	28,627	28,456	29,917	29,805	28,579
Accounts Payable	1,927	1,303	1,376	1,296	1,012	306.68
Accrued Expenses	145.56	747.73	782.92	556.67	874.68	485.51
Short-Term Debt	889.1	804.66	550.4	778.85	-	1,110
Current Portion of Long-Term Debt	1,077	975.57	572.44	2,632	761.92	1,638
Current Portion of Leases	-	-	0.16	0.18	87.85	6
Current Income Taxes Payable	234.08	90.49	35.5	51.41	150.47	249.9
Current Unearned Revenue	390.47	283.29	411.08	448.4	260.23	268.16
Other Current Liabilities	682.07	541.06	802.35	711.97	630.34	967.99
Total Current Liabilities	5,345	4,746	4,531	6,475	3,778	5,032
Long-Term Debt	4,655	5,436	5,553	5,392	7,731	5,367
Long-Term Leases	-	-	0.34	121.05	324.57	43.08
Long-Term Unearned Revenue	-	-	-	-	-	6.57
Pension & Post-Retirement Benefits	410.81	411.4	388.21	331.29	287.56	254.38
Long-Term Deferred Tax Liabilities	86.67	86.81	112.94	76.39	52.19	34.01
Other Long-Term Liabilities	3,475	2,941	2,847	2,969	3,909	3,936
Total Liabilities	13,972	13,622	13,433	15,365	16,081	14,673
Common Stock	1,440	1,440	1,440	1,440	1,440	1,200
Additional Paid-In Capital	3,062	3,083	3,083	3,083	3,083	3,322
Retained Earnings	6,778	6,459	6,606	6,076	5,527	4,843
Comprehensive Income & Other	1,034	910.79	834.55	564.53	410.71	282.53
Total Common Equity	12,314	11,893	11,963	11,164	10,460	9,648
Minority Interest	3,276	3,113	3,060	3,389	3,264	4,259
Shareholders' Equity	15,589	15,006	15,023	14,552	13,723	13,907
Total Liabilities & Equity	29,561	28,627	28,456	29,917	29,805	28,579
Total Debt	6,621	7,217	6,677	8,925	8,905	8,164
Net Cash (Debt)	-1,497	-2,710	-2,513	-3,714	-3,447	-4,137
Net Cash Per Share	-1.05	-1.90	-1.75	-2.57	-2.39	-2.87
Filing Date Shares Outstanding	1,440	1,440	1,440	1,440	1,440	1,440
Total Common Shares Outstanding	1,440	1,440	1,440	1,440	1,440	1,440
Working Capital	477.35	264.99	260.43	-322.73	2,549	242.69
Book Value Per Share	8.55	8.26	8.31	7.75	7.26	6.70
Tangible Book Value	3,556	3,101	3,194	2,311	1,567	-1,487
Tangible Book Value Per Share	2.47	2.15	2.22	1.60	1.09	-1.03
Buildings	-	8,772	8,435	7,118	5,477	5,396
Machinery	-	8,870	8,426	7,366	5,780	5,327
Construction In Progress	-	387.39	630.36	2,431	4,682	3,525

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