SHA:601200 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	913.59	1,119	1,168	1,169	1,223	1,054
Short-Term Investments	-	-	-	0	-	-
Cash & Short-Term Investments	913.59	1,119	1,168	1,169	1,223	1,054
Cash Growth	8.51%	-4.12%	-0.15%	-4.40%	16.08%	7.23%
Accounts Receivable	4,647	4,880	4,335	3,587	3,263	3,155
Other Receivables	69.65	55.52	61.09	317	264.44	310.42
Receivables	4,717	4,943	4,396	3,904	3,528	3,577
Inventory	205.28	194.19	233.42	223.49	275.65	173.09
Prepaid Expenses	-	7.18	32.31	7.82	8.58	5.14
Other Current Assets	1,185	797.14	923.32	857.7	883.33	1,023
Total Current Assets	7,021	7,061	6,753	6,162	5,918	5,832
Property, Plant & Equipment	1,495	1,509	891.54	794.33	655.96	766.05
Long-Term Investments	826.67	835.69	235.86	211.63	81.16	154.4
Goodwill	11.27	11.27	15.45	18.58	39.53	39.53
Other Intangible Assets	8,591	8,696	9,391	9,686	10,252	10,939
Long-Term Accounts Receivable	-	12,674	12,712	12,702	11,761	577.31
Long-Term Deferred Tax Assets	82.59	78.83	62.25	49.01	49.31	22.79
Long-Term Deferred Charges	131.95	136.41	111.77	115.77	111.75	69.41
Other Long-Term Assets	12,689	84.58	89.77	91.34	131.72	10,913
Total Assets	30,849	31,086	30,262	29,831	29,001	29,314
Accounts Payable	3,353	3,470	3,357	2,890	3,234	3,326
Accrued Expenses	140.96	498.63	479.92	350.44	500.38	349.95
Short-Term Debt	1,089	1,073	522.15	710.41	1,376	2,202
Current Portion of Long-Term Debt	1,117	1,202	1,531	1,174	590.79	466.22
Current Portion of Leases	-	32.72	29.39	17.62	14.03	13.47
Current Income Taxes Payable	133.46	78.96	53.55	55.81	25.68	70.05
Current Unearned Revenue	232.53	224.17	390.94	247.42	332.06	484.66
Other Current Liabilities	473.79	541.59	571.69	1,176	719.43	1,417
Total Current Liabilities	6,540	7,121	6,936	6,621	6,793	8,330
Long-Term Debt	8,167	8,047	7,897	8,419	8,181	7,296
Long-Term Leases	49.43	57.02	90.1	25.65	11.78	24.87
Long-Term Unearned Revenue	867.85	880.77	922.12	975.8	979.41	1,007
Long-Term Deferred Tax Liabilities	371.55	369.75	332.62	307.83	293.73	257.36
Other Long-Term Liabilities	1,073	1,014	873.95	819.09	707.63	505.36
Total Liabilities	17,069	17,490	17,052	17,169	16,967	17,421
Common Stock	1,346	1,346	1,346	1,122	1,122	1,122
Additional Paid-In Capital	3,875	3,875	3,904	4,099	4,099	4,105
Retained Earnings	6,558	6,401	5,932	5,484	5,050	4,642
Comprehensive Income & Other	40.71	45.53	29.72	-	-	-
Total Common Equity	11,819	11,667	11,212	10,705	10,271	9,869
Minority Interest	1,960	1,929	1,998	1,957	1,763	2,025
Shareholders' Equity	13,780	13,597	13,210	12,662	12,034	11,894
Total Liabilities & Equity	30,849	31,086	30,262	29,831	29,001	29,314
Total Debt	10,422	10,412	10,070	10,347	10,174	10,002
Net Cash (Debt)	-9,509	-9,293	-8,902	-9,178	-8,951	-8,949
Net Cash Per Share	-7.06	-6.90	-6.61	-6.82	-6.65	-6.65
Filing Date Shares Outstanding	1,346	1,346	1,346	1,346	1,346	1,346
Total Common Shares Outstanding	1,346	1,346	1,346	1,346	1,346	1,346
Working Capital	481.1	-59.99	-182.97	-458.88	-874.39	-2,498
Book Value Per Share	8.78	8.67	8.33	7.95	7.63	7.33
Tangible Book Value	3,217	2,960	1,805	1,000	-20.63	-1,110
Tangible Book Value Per Share	2.39	2.20	1.34	0.74	-0.02	-0.82
Buildings	-	744.67	163.71	216.99	176.34	333.4
Machinery	-	898.54	425.46	474.87	507.64	480.59
Construction In Progress	-	131.74	429.55	255.43	102.24	89.57

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