SHA:601677 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	2,113	2,777	1,557	3,073	1,876	2,909
Short-Term Investments	791.62	1,096	324.87	201.71	278.9	-
Trading Asset Securities	68.96	477.52	2,797	1,044	1,385	2,144
Cash & Short-Term Investments	2,974	4,351	4,679	4,318	3,541	5,052
Cash Growth	-32.38%	-7.00%	8.35%	21.97%	-29.92%	40.13%
Accounts Receivable	7,508	5,706	4,775	4,031	3,569	3,003
Other Receivables	7.89	8.24	7.66	9.37	15.51	14.97
Receivables	7,516	5,714	4,783	4,040	3,584	3,018
Inventory	5,918	5,609	4,964	4,140	3,867	3,724
Other Current Assets	661.44	771.45	495.12	736.91	745.79	976.95
Total Current Assets	17,069	16,445	14,921	13,236	11,737	12,771
Property, Plant & Equipment	5,539	5,581	5,615	5,840	5,715	4,776
Long-Term Investments	421.51	3,883	1,887	421.51	421.51	418.51
Goodwill	-	-	6.56	6.56	6.56	6.56
Other Intangible Assets	561.3	549.22	557.52	421.3	432.09	442.03
Long-Term Deferred Tax Assets	83	80.92	105.61	84.54	82.57	102.26
Long-Term Deferred Charges	12.85	11.44	1.84	-	-	0.18
Other Long-Term Assets	5,634	562.93	229.37	1,233	559.4	412.24
Total Assets	29,321	27,114	23,324	21,243	18,955	18,929
Accounts Payable	6,000	4,523	2,640	3,146	2,645	3,683
Accrued Expenses	152.76	257.49	274.77	202.82	202.42	187.6
Short-Term Debt	863.18	714.58	581.56	450.88	291.05	376.1
Current Portion of Leases	0.35	0.35	0.35	-	0.24	1.25
Current Income Taxes Payable	297.53	96.67	77.12	34.7	83.76	113.16
Current Unearned Revenue	300.92	291.14	228.3	208.53	250.97	344.04
Other Current Liabilities	1,267	1,486	1,528	896.96	1,496	1,769
Total Current Liabilities	8,882	7,369	5,330	4,940	4,969	6,474
Long-Term Debt	-	-	-	-	984.94	1,050
Long-Term Leases	0.65	0.65	0.95	-	-	2.97
Long-Term Unearned Revenue	238.6	247.44	289.55	264.7	232.9	232.57
Long-Term Deferred Tax Liabilities	92.68	94.99	105.59	94.07	130.1	100.81
Total Liabilities	9,214	7,712	5,726	5,299	6,317	7,860
Common Stock	1,244	1,244	1,244	1,192	969.81	682.44
Additional Paid-In Capital	6,766	6,378	6,379	6,148	4,187	4,346
Retained Earnings	12,005	11,303	9,677	8,091	6,904	5,499
Treasury Stock	-140.34	-140.34	-281.67	-	-	-
Comprehensive Income & Other	-60.94	323.49	283.41	213.23	141.07	147.12
Total Common Equity	19,813	19,107	17,302	15,645	12,202	10,674
Minority Interest	293.53	294.57	296.37	298.9	435.28	394.33
Shareholders' Equity	20,107	19,402	17,598	15,943	12,637	11,068
Total Liabilities & Equity	29,321	27,114	23,324	21,243	18,955	18,929
Total Debt	864.18	715.59	582.87	450.88	1,276	1,430
Net Cash (Debt)	2,110	3,636	4,096	3,868	2,264	3,622
Net Cash Growth	-42.91%	-11.24%	5.91%	70.80%	-37.48%	51.62%
Net Cash Per Share	1.66	2.88	3.26	3.76	2.12	3.70
Filing Date Shares Outstanding	1,244	1,244	1,244	1,163	969.81	955.41
Total Common Shares Outstanding	1,244	1,244	1,244	1,163	969.81	955.41
Working Capital	8,188	9,077	9,591	8,295	6,768	6,297
Book Value Per Share	15.93	15.37	13.91	13.45	12.58	11.17
Tangible Book Value	19,252	18,558	16,737	15,217	11,763	10,225
Tangible Book Value Per Share	15.48	14.92	13.46	13.08	12.13	10.70
Buildings	-	1,954	1,751	1,747	1,523	1,237
Machinery	-	7,921	7,564	6,844	6,535	5,260
Construction In Progress	-	223.47	176.09	706.39	696.51	1,085

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