SHA:601512 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	3,160	3,468	3,161	3,858	3,620	3,119
Trading Asset Securities	-	-	22.26	10.92	-	12.97
Cash & Short-Term Investments	3,160	3,468	3,183	3,869	3,620	3,132
Cash Growth	-5.63%	8.93%	-17.73%	6.89%	15.58%	-20.77%
Accounts Receivable	2,468	2,477	2,203	2,446	2,689	1,586
Other Receivables	130.23	706.12	689.76	229.41	293.21	338.01
Receivables	2,598	3,183	2,893	2,676	2,983	1,924
Inventory	10,624	10,601	10,766	11,583	11,009	10,669
Prepaid Expenses	-	-	26.51	-	21.28	-
Other Current Assets	697.11	31.23	29.18	25.49	35.15	31.46
Total Current Assets	17,079	17,283	16,898	18,153	17,668	15,756
Property, Plant & Equipment	3,117	3,359	2,651	2,533	2,430	2,495
Long-Term Investments	9,172	9,056	8,421	7,723	6,385	4,901
Goodwill	0.4	0.4	14.06	90.87	134.7	163.43
Other Intangible Assets	153.51	154.86	163.13	174	190.61	195.63
Long-Term Accounts Receivable	-	242.38	94.28	840.69	188.74	180.78
Long-Term Deferred Tax Assets	246.9	245.47	229.07	158.8	169.42	322.78
Long-Term Deferred Charges	20.25	14.95	21.15	12.09	13.62	17.91
Other Long-Term Assets	6,591	6,130	6,871	5,351	5,274	5,397
Total Assets	36,381	36,486	35,363	35,036	32,455	29,430
Accounts Payable	1,310	1,522	1,597	1,785	1,816	1,922
Accrued Expenses	146.26	375.06	342.47	412.34	403.93	656.46
Short-Term Debt	1,044	2,217	2,909	2,699	2,747	2,557
Current Portion of Long-Term Debt	1,131	1,172	1,597	339.43	393.56	210.38
Current Portion of Leases	-	9.55	9.27	12.67	5	1.01
Current Income Taxes Payable	126.08	33.83	51.59	125.26	199.17	172.31
Current Unearned Revenue	1,807	1,878	1,870	1,958	1,706	1,504
Other Current Liabilities	2,196	917.49	994.31	970.71	775.22	769.73
Total Current Liabilities	7,761	8,125	9,370	8,302	8,046	7,793
Long-Term Debt	7,350	7,573	6,328	7,151	6,074	5,028
Long-Term Leases	21.96	22.31	23.34	69.39	18.54	21.73
Long-Term Unearned Revenue	153.67	156.28	172.27	177.7	149.87	109.84
Long-Term Deferred Tax Liabilities	270.19	261.39	148.52	107.79	42.93	49.28
Other Long-Term Liabilities	403.5	104.08	117.79	121.19	93.34	72
Total Liabilities	15,960	16,242	16,160	15,929	14,424	13,073
Common Stock	1,499	1,499	1,499	1,499	1,499	1,499
Additional Paid-In Capital	1,234	1,234	1,234	1,234	1,234	1,234
Retained Earnings	12,690	12,571	11,707	11,479	10,600	9,449
Comprehensive Income & Other	1.8	2.07	4	7	0.93	-9.92
Total Common Equity	15,425	15,306	14,444	14,219	13,334	12,172
Minority Interest	4,996	4,938	4,760	4,887	4,697	4,185
Shareholders' Equity	20,421	20,244	19,204	19,106	18,031	16,357
Total Liabilities & Equity	36,381	36,486	35,363	35,036	32,455	29,430
Total Debt	9,547	10,994	10,866	10,271	9,237	7,818
Net Cash (Debt)	-6,387	-7,526	-7,683	-6,402	-5,618	-4,686
Net Cash Per Share	-4.26	-4.99	-5.19	-4.28	-3.74	-3.14
Filing Date Shares Outstanding	1,484	1,499	1,499	1,499	1,499	1,499
Total Common Shares Outstanding	1,484	1,499	1,499	1,499	1,499	1,499
Working Capital	9,319	9,158	7,528	9,851	9,622	7,964
Book Value Per Share	10.40	10.21	9.64	9.49	8.90	8.12
Tangible Book Value	15,271	15,151	14,267	13,954	13,009	11,813
Tangible Book Value Per Share	10.29	10.11	9.52	9.31	8.68	7.88
Buildings	-	1,019	1,055	1,138	1,261	1,261
Machinery	-	3,039	2,491	1,768	1,441	1,409
Construction In Progress	-	618.01	258.92	594.5	976.94	954.17

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