SHA:601225 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	38,729	31,798	29,701	27,232	47,938	54,195
Short-Term Investments	-	7.2	10.5	45.68	219.51	30
Trading Asset Securities	2,112	2,053	5,402	16,028	21,170	11,548
Cash & Short-Term Investments	40,841	33,858	35,113	43,305	69,327	65,773
Cash Growth	5.63%	-3.57%	-18.92%	-37.54%	5.40%	80.36%
Accounts Receivable	6,649	7,246	5,778	6,006	3,225	8,162
Other Receivables	716.5	492.37	731.85	1,985	264.26	695.9
Receivables	7,366	7,738	6,509	7,991	3,489	8,858
Inventory	3,310	3,688	4,144	3,001	2,678	3,617
Prepaid Expenses	-	163.94	164.14	72.3	15.92	73.53
Other Current Assets	5,587	4,895	6,247	6,957	7,048	7,150
Total Current Assets	57,104	50,343	52,178	61,326	82,559	85,471
Property, Plant & Equipment	119,069	118,956	110,882	110,669	83,360	75,399
Long-Term Investments	30,985	30,412	30,262	26,240	15,444	14,399
Goodwill	40.97	40.97	-	-	-	-
Other Intangible Assets	26,609	26,960	27,546	28,792	28,851	24,799
Long-Term Accounts Receivable	-	11.81	15.4	23.99	22.11	-
Long-Term Deferred Tax Assets	3,605	3,596	3,527	5,053	3,779	1,421
Long-Term Deferred Charges	1,177	1,147	943.93	1,017	592.75	410.23
Other Long-Term Assets	4,869	4,803	3,198	2,846	8,724	419.28
Total Assets	243,458	236,269	228,553	235,967	223,333	202,319
Accounts Payable	22,286	7,661	9,959	12,374	6,471	12,093
Accrued Expenses	2,488	6,824	6,653	6,854	5,881	10,545
Short-Term Debt	1,281	1,718	2,021	2,503	274.49	858.81
Current Portion of Long-Term Debt	2,910	3,491	2,282	2,942	2,354	1,699
Current Portion of Leases	-	149.51	116.11	136.82	157.54	71.69
Current Income Taxes Payable	4,288	2,156	2,018	3,285	5,343	5,219
Current Unearned Revenue	7,467	7,387	7,813	7,802	13,955	10,220
Other Current Liabilities	7,386	21,700	26,962	17,139	16,284	9,193
Total Current Liabilities	48,107	51,086	57,825	53,036	50,720	49,899
Long-Term Debt	21,451	19,822	13,875	16,986	4,163	8,705
Long-Term Leases	366.66	436.79	463.71	881.81	377.18	243.18
Long-Term Unearned Revenue	441.83	384.91	259.4	244.11	267.44	237.25
Long-Term Deferred Tax Liabilities	122.38	116.45	70.53	1,863	2,255	416.05
Other Long-Term Liabilities	27,138	27,015	27,413	23,880	21,113	16,594
Total Liabilities	97,627	98,862	99,906	96,892	78,896	76,095
Common Stock	9,695	9,695	9,695	9,695	9,695	9,695
Additional Paid-In Capital	1,365	1,365	1,223	12,066	7,298	14,417
Retained Earnings	81,448	77,238	71,865	71,326	85,516	67,665
Comprehensive Income & Other	9,591	8,631	7,804	6,691	6,379	5,151
Total Common Equity	102,099	96,929	90,586	99,778	108,889	96,928
Minority Interest	43,732	40,479	38,061	39,297	35,548	29,296
Shareholders' Equity	145,831	137,407	128,647	139,075	144,437	126,224
Total Liabilities & Equity	243,458	236,269	228,553	235,967	223,333	202,319
Total Debt	26,009	25,617	18,758	23,450	7,327	11,578
Net Cash (Debt)	14,832	8,241	16,356	19,855	62,001	54,195
Net Cash Growth	-19.17%	-49.61%	-17.62%	-67.98%	14.40%	134.30%
Net Cash Per Share	1.53	0.85	1.69	2.05	6.39	5.59
Filing Date Shares Outstanding	9,695	9,695	9,695	9,695	9,695	9,695
Total Common Shares Outstanding	9,695	9,695	9,695	9,695	9,695	9,695
Working Capital	8,997	-743.73	-5,646	8,290	31,838	35,572
Book Value Per Share	10.53	10.00	9.34	10.29	11.23	10.00
Tangible Book Value	75,450	69,928	63,040	70,986	80,037	72,130
Tangible Book Value Per Share	7.78	7.21	6.50	7.32	8.26	7.44
Buildings	-	65,708	60,824	60,505	42,935	35,072
Machinery	-	108,588	97,600	99,804	62,511	55,201
Construction In Progress	-	13,739	13,555	7,721	4,550	6,616

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