SHA:601118 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	5,507	5,269	5,688	3,506	5,680	2,989
Cash & Short-Term Investments	5,507	5,269	5,688	3,506	5,680	2,989
Cash Growth	-19.20%	-7.36%	62.24%	-38.29%	90.06%	-18.88%
Accounts Receivable	2,008	2,130	2,465	1,889	813.6	1,194
Other Receivables	575.93	942.19	1,066	1,998	418.54	406.16
Receivables	2,614	3,103	3,557	3,925	1,233	1,601
Inventory	4,119	4,033	5,107	4,526	1,541	1,508
Other Current Assets	1,440	985.42	1,114	915.28	671.51	325.33
Total Current Assets	13,681	13,390	15,466	12,872	9,126	6,423
Property, Plant & Equipment	15,377	15,591	15,461	15,967	11,993	11,200
Long-Term Investments	577.86	570.08	630.57	670.67	474.37	974.13
Goodwill	1,497	1,525	1,836	1,812	143.15	148.23
Other Intangible Assets	1,837	1,874	1,909	1,919	343.73	362.98
Long-Term Accounts Receivable	-	224.26	-	-	-	-
Long-Term Deferred Tax Assets	292.28	276.64	269.21	170.23	105.84	110.48
Long-Term Deferred Charges	83.52	84.32	108.15	119.79	54.1	23.03
Other Long-Term Assets	546.36	286.88	378.09	419.95	88.87	239.49
Total Assets	33,892	33,834	36,070	33,950	22,329	19,481
Accounts Payable	810.38	967.24	1,436	1,120	693.29	527.86
Accrued Expenses	326.36	752.26	787.08	500.51	361.78	278.59
Short-Term Debt	6,764	8,063	8,292	8,066	2,771	1,426
Current Portion of Long-Term Debt	2,199	2,342	2,025	2,558	1,181	1,750
Current Portion of Leases	-	113.32	136.85	134.35	211.46	214.17
Current Income Taxes Payable	126.55	114.1	154.12	234.33	21.59	16.2
Current Unearned Revenue	329.82	351.38	509.18	621.58	420.13	170.38
Other Current Liabilities	2,329	1,799	1,852	1,226	667.67	664.93
Total Current Liabilities	12,886	14,503	15,193	14,461	6,328	5,048
Long-Term Debt	7,129	5,115	5,670	3,981	3,089	1,433
Long-Term Leases	1,571	1,599	1,687	1,817	1,820	1,897
Long-Term Unearned Revenue	1,986	2,018	1,681	1,615	1,349	1,114
Pension & Post-Retirement Benefits	107.66	110.24	98.81	107.89	-	-
Long-Term Deferred Tax Liabilities	392.56	390.25	386.03	288.08	50.51	46.13
Other Long-Term Liabilities	59.63	46.63	55.44	45.82	0.04	0.04
Total Liabilities	24,131	23,782	24,771	22,316	12,637	9,539
Common Stock	4,279	4,279	4,279	4,279	4,279	4,279
Additional Paid-In Capital	5,131	5,131	5,133	5,124	5,050	5,050
Retained Earnings	126.19	260.19	413	399.06	101.93	308.55
Comprehensive Income & Other	379.28	427.44	21.07	22.98	-54.62	-44.53
Total Common Equity	9,916	10,098	9,846	9,825	9,376	9,593
Minority Interest	-154.95	-45.8	1,452	1,809	315.81	348.32
Shareholders' Equity	9,761	10,052	11,298	11,634	9,692	9,942
Total Liabilities & Equity	33,892	33,834	36,070	33,950	22,329	19,481
Total Debt	17,664	17,232	17,811	16,556	9,073	6,721
Net Cash (Debt)	-12,156	-11,963	-12,123	-13,051	-3,393	-3,732
Net Cash Per Share	-2.84	-2.80	-2.84	-3.05	-0.79	-0.87
Filing Date Shares Outstanding	4,279	4,279	4,279	4,279	4,279	4,279
Total Common Shares Outstanding	4,279	4,279	4,279	4,279	4,279	4,279
Working Capital	795.36	-1,113	272.79	-1,589	2,797	1,375
Book Value Per Share	2.32	2.28	2.30	2.30	2.19	2.24
Tangible Book Value	6,582	6,699	6,101	6,095	8,889	9,082
Tangible Book Value Per Share	1.54	1.48	1.43	1.42	2.08	2.12
Buildings	-	5,595	5,089	5,058	3,525	2,865
Machinery	-	2,162	2,130	2,138	1,201	1,156
Construction In Progress	-	273.13	549.91	298.33	304.68	227.08

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