SHA:601928 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,353	1,946	3,074	6,388	3,891	6,426
Short-Term Investments	6,696	5,430	5,777	7,218	822.22	-
Trading Asset Securities	5,370	1,069	68.78	1,439	5,109	2,015
Cash & Short-Term Investments	13,420	8,445	8,920	15,045	9,823	8,442
Cash Growth	246.33%	-5.32%	-40.72%	53.17%	16.36%	-19.57%
Accounts Receivable	1,206	633.49	671.76	961.76	618.25	726.72
Other Receivables	115.55	92.62	76.41	72.96	89.73	235.54
Receivables	1,322	726.11	748.17	1,035	707.98	962.27
Inventory	2,543	1,763	2,171	2,328	2,753	2,188
Prepaid Expenses	-	452.25	195.35	192.04	204.39	-
Other Current Assets	706.03	137.23	166.06	234.64	271.94	1,524
Total Current Assets	17,990	11,524	12,200	18,835	13,760	13,117
Property, Plant & Equipment	5,981	6,305	6,484	6,570	6,263	5,485
Long-Term Investments	1,382	10,753	9,906	2,300	6,214	5,119
Goodwill	54.4	55.58	73.63	81.7	83.5	99.65
Other Intangible Assets	732.87	712.22	729.23	789.69	795.71	829.88
Long-Term Accounts Receivable	-	-	-	-	-	1.08
Long-Term Deferred Tax Assets	13.35	13.35	669.33	26.16	24.64	27.79
Long-Term Deferred Charges	384.65	376.71	412.9	365.75	391.3	213.88
Other Long-Term Assets	5,037	1,007	875.32	733.6	1,139	757.51
Total Assets	31,575	30,747	31,350	29,702	28,672	25,650
Accounts Payable	5,614	4,905	5,403	5,692	5,683	4,825
Accrued Expenses	524.72	829.99	762.05	738.85	619.4	589.52
Short-Term Debt	-	14.51	6.72	8.01	20.03	-
Current Portion of Long-Term Debt	-	6.71	64.77	61.05	29.08	-
Current Portion of Leases	52.29	68.65	76.6	85.81	72.37	-
Current Income Taxes Payable	30.81	4.61	3.57	8.96	11.83	7.33
Current Unearned Revenue	2,989	3,497	3,684	3,726	3,705	2,602
Other Current Liabilities	800.56	426.02	594.04	384.67	495.26	1,145
Total Current Liabilities	10,011	9,753	10,595	10,706	10,636	9,169
Long-Term Debt	-	6.6	13.3	107.19	230.93	82.81
Long-Term Leases	197.95	231.49	282.66	299.69	328.15	-
Long-Term Unearned Revenue	399.54	414.08	441.02	441.45	448.34	457.45
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.09
Other Long-Term Liabilities	585.35	585.67	589.26	595.26	600.73	603.36
Total Liabilities	11,194	10,991	11,921	12,149	12,244	10,313
Common Stock	2,545	2,545	2,545	2,545	2,545	2,545
Additional Paid-In Capital	3,568	3,363	3,363	3,153	2,873	2,852
Retained Earnings	13,914	13,485	13,160	11,480	10,671	9,244
Comprehensive Income & Other	62.08	81.2	75.57	85	41.59	74
Total Common Equity	20,089	19,474	19,144	17,263	16,130	14,715
Minority Interest	292.59	281.83	285.77	290.09	297.92	621.82
Shareholders' Equity	20,382	19,756	19,429	17,553	16,428	15,337
Total Liabilities & Equity	31,575	30,747	31,350	29,702	28,672	25,650
Total Debt	250.24	327.96	444.05	561.75	680.55	82.81
Net Cash (Debt)	13,169	8,117	8,475	14,484	9,142	8,359
Net Cash Growth	276.10%	-4.23%	-41.48%	58.43%	9.37%	-20.25%
Net Cash Per Share	5.19	3.20	3.33	5.69	3.59	3.28
Filing Date Shares Outstanding	2,545	2,545	2,545	2,545	2,545	2,545
Total Common Shares Outstanding	2,545	2,545	2,545	2,545	2,545	2,545
Working Capital	7,979	1,771	1,605	8,129	3,124	3,947
Book Value Per Share	7.89	7.65	7.52	6.78	6.34	5.78
Tangible Book Value	19,302	18,706	18,341	16,391	15,251	13,786
Tangible Book Value Per Share	7.58	7.35	7.21	6.44	5.99	5.42
Buildings	-	7,715	7,612	7,034	5,901	5,126
Machinery	-	1,416	1,369	1,366	1,187	1,088
Construction In Progress	-	181.67	191.4	568.49	1,292	1,642

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.