SHA:601126 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	2,713	3,782	3,532	3,120	2,323	2,014
Trading Asset Securities	1,503	500	240	-	-	-
Cash & Short-Term Investments	4,216	4,282	3,772	3,120	2,323	2,014
Cash Growth	7.49%	13.51%	20.89%	34.35%	15.33%	-7.57%
Accounts Receivable	4,141	3,948	3,394	2,723	2,701	2,395
Other Receivables	58.18	58.22	43.7	43.24	45.85	41.1
Receivables	4,199	4,006	3,438	2,766	2,747	2,436
Inventory	2,363	2,325	1,967	2,031	1,921	1,559
Prepaid Expenses	-	40.96	40.62	47.97	43.64	28.43
Other Current Assets	798.43	784.41	705.47	559.57	503.09	448.86
Total Current Assets	11,576	11,439	9,923	8,525	7,537	6,487
Property, Plant & Equipment	611.89	597.49	533.98	413.09	422.66	403.59
Long-Term Investments	100.08	86.42	82.59	79.2	75.73	47.24
Other Intangible Assets	232.9	241.51	207.3	209.51	149.25	147.27
Long-Term Deferred Tax Assets	239.99	231.99	201.73	177.56	159.25	183.78
Long-Term Deferred Charges	58.16	59.21	47.33	38.82	52.4	50.67
Other Long-Term Assets	53.89	49.68	50.11	61.61	55.14	51.93
Total Assets	12,873	12,705	11,046	9,505	8,452	7,371
Accounts Payable	4,656	4,543	3,632	2,911	2,651	1,808
Accrued Expenses	419.46	416.84	438.95	411.97	245.33	277.59
Current Portion of Leases	-	-	3.69	8.08	5.91	5.57
Current Income Taxes Payable	88.35	84.28	79.68	54.76	23.18	39.95
Current Unearned Revenue	1,729	1,993	1,683	1,389	1,093	1,069
Other Current Liabilities	785.48	751.8	611.41	474.54	360.59	268.65
Total Current Liabilities	7,679	7,788	6,448	5,249	4,378	3,468
Long-Term Leases	-	-	-	-	6.27	12.18
Long-Term Unearned Revenue	20.4	18.37	15.2	15.75	14.17	15.24
Long-Term Deferred Tax Liabilities	1.96	2.18	3.48	5.29	4.87	1.29
Total Liabilities	7,701	7,809	6,467	5,271	4,404	3,497
Common Stock	833.17	833.18	833.44	832.25	813.17	813.17
Additional Paid-In Capital	1,711	1,706	1,666	1,582	1,397	1,361
Retained Earnings	2,678	2,407	2,178	1,961	1,834	1,698
Treasury Stock	-50.69	-50.78	-101.93	-144.81	-	-
Comprehensive Income & Other	-1	-0.83	-0.04	-0.42	-0.1	-0.56
Total Common Equity	5,170	4,895	4,575	4,231	4,045	3,871
Minority Interest	1.46	1.32	3.93	3.68	2.99	2.51
Shareholders' Equity	5,172	4,896	4,579	4,234	4,048	3,874
Total Liabilities & Equity	12,873	12,705	11,046	9,505	8,452	7,371
Total Debt	-	-	3.69	8.08	12.18	17.75
Net Cash (Debt)	4,216	4,282	3,768	3,112	2,310	1,996
Net Cash Growth	7.59%	13.63%	21.08%	34.71%	15.74%	-8.38%
Net Cash Per Share	5.10	5.17	4.58	3.72	2.85	2.47
Filing Date Shares Outstanding	820.2	833.18	853.5	900.92	813.17	813.17
Total Common Shares Outstanding	820.2	833.18	853.5	900.92	813.17	813.17
Working Capital	3,897	3,650	3,475	3,276	3,159	3,018
Book Value Per Share	6.30	5.87	5.36	4.70	4.97	4.76
Tangible Book Value	4,937	4,653	4,368	4,021	3,896	3,724
Tangible Book Value Per Share	6.02	5.59	5.12	4.46	4.79	4.58
Buildings	-	689.63	571.63	576.01	572.81	562.44
Machinery	-	678.44	560.88	494.37	452.22	415.08
Construction In Progress	-	24.44	138.81	24.1	28.05	7.97

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