SHA:601908 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	134.03	249.88	467.99	3,154	3,267	3,834
Trading Asset Securities	58.6	58.6	58.6	58.6	137.92	941.53
Cash & Short-Term Investments	192.63	308.48	526.59	3,213	3,405	4,775
Cash Growth	-49.72%	-41.42%	-83.61%	-5.66%	-28.69%	492.00%
Accounts Receivable	3,784	3,657	4,012	3,766	4,023	2,987
Other Receivables	87.69	88.43	41.95	27.54	65.31	17.3
Receivables	3,872	3,745	4,054	3,793	4,088	3,091
Inventory	511.06	581.3	890.43	2,019	1,678	1,623
Other Current Assets	561.28	613.12	791.09	1,039	859.59	732.59
Total Current Assets	5,137	5,248	6,262	10,064	10,032	10,222
Property, Plant & Equipment	9,437	9,640	11,212	11,991	10,524	10,860
Long-Term Investments	745.59	769.08	873.74	1,004	1,018	-
Other Intangible Assets	220.76	222.74	241.71	260.76	269.52	237.71
Long-Term Accounts Receivable	-	-	61.27	96.82	117.4	125.8
Long-Term Deferred Tax Assets	590.02	591.26	640.93	574.33	208.52	167.21
Long-Term Deferred Charges	31.06	24	19.9	6.34	6.68	8.69
Other Long-Term Assets	210.99	209.34	64.34	174.16	106.28	250.62
Total Assets	16,372	16,704	19,377	24,172	22,282	21,872
Accounts Payable	2,614	2,664	2,681	3,563	2,376	2,452
Accrued Expenses	70.99	27.66	329.87	139.58	145.93	152.12
Short-Term Debt	650.23	683.21	1,310	1,932	1,456	1,594
Current Portion of Long-Term Debt	-	1,785	230.9	58.05	247.96	171.32
Current Portion of Leases	-	-	687.28	1,182	1,408	938.43
Current Income Taxes Payable	-	41.45	14.96	26.44	14.63	77.12
Current Unearned Revenue	37.33	33.68	69.26	329.73	136.2	171.16
Other Current Liabilities	2,182	285.09	90.21	114.47	144.92	219.49
Total Current Liabilities	5,555	5,520	5,413	7,345	5,930	5,776
Long-Term Debt	297.5	360	1,685	1,915	1,272	1,510
Long-Term Leases	451.41	480.28	3,048	3,221	3,702	3,600
Long-Term Unearned Revenue	122.84	126.71	119.43	130.97	99.02	106.03
Long-Term Deferred Tax Liabilities	97.68	99.47	82.63	90.78	5	5.45
Other Long-Term Liabilities	2,544	2,665	66.09	35.17	40.01	32.46
Total Liabilities	9,068	9,251	10,415	12,739	11,049	11,029
Common Stock	2,415	2,415	2,415	2,415	2,415	2,415
Additional Paid-In Capital	4,945	4,945	4,945	4,945	4,945	4,906
Retained Earnings	15.59	165.41	1,646	4,038	3,801	3,523
Treasury Stock	-	-	-	-	-	-60.25
Comprehensive Income & Other	28.63	24.41	14.28	6.06	1.54	-
Total Common Equity	7,404	7,549	9,019	11,403	11,162	10,783
Minority Interest	-99.46	-95.98	-57.23	30.11	71.64	59.87
Shareholders' Equity	7,304	7,453	8,962	11,433	11,234	10,843
Total Liabilities & Equity	16,372	16,704	19,377	24,172	22,282	21,872
Total Debt	1,399	3,309	6,962	8,309	8,086	7,814
Net Cash (Debt)	-1,207	-3,000	-6,435	-5,096	-4,681	-3,038
Net Cash Per Share	-0.49	-1.24	-2.67	-2.16	-1.99	-1.28
Filing Date Shares Outstanding	2,497	2,449	2,415	2,415	2,415	2,405
Total Common Shares Outstanding	2,497	2,449	2,415	2,415	2,415	2,405
Working Capital	-417.42	-271.73	849.26	2,719	4,102	4,446
Book Value Per Share	2.97	3.08	3.74	4.72	4.62	4.48
Tangible Book Value	7,183	7,326	8,777	11,142	10,893	10,545
Tangible Book Value Per Share	2.88	2.99	3.64	4.61	4.51	4.39
Buildings	-	-	2,262	1,767	1,510	1,477
Machinery	-	-	12,595	12,209	11,599	11,244
Construction In Progress	-	-	1,006	1,784	507.63	738.91

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