SHA:601928 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	1,624	1,163	1,946	3,074	6,388	3,891
Short-Term Investments	-	7,612	5,430	5,777	7,218	822.22
Trading Asset Securities	5,855	5,260	1,069	68.78	1,439	5,109
Cash & Short-Term Investments	7,479	14,036	8,445	8,920	15,045	9,823
Cash Growth	-30.91%	66.19%	-5.32%	-40.72%	53.17%	16.36%
Accounts Receivable	980.07	689.99	633.49	671.76	961.76	618.25
Other Receivables	90.91	72.2	92.62	76.41	72.96	89.73
Receivables	1,071	762.18	726.11	748.17	1,035	707.98
Inventory	1,986	1,888	1,763	2,171	2,328	2,753
Prepaid Expenses	-	182.85	452.25	195.35	192.04	204.39
Other Current Assets	5,595	117.41	137.23	166.06	234.64	271.94
Total Current Assets	16,131	16,986	11,524	12,200	18,835	13,760
Property, Plant & Equipment	5,778	5,929	6,305	6,484	6,570	6,263
Long-Term Investments	1,331	5,777	10,753	9,906	2,300	6,214
Goodwill	0.33	0.33	55.58	73.63	81.7	83.5
Other Intangible Assets	689.9	717.05	712.22	729.23	789.69	795.71
Long-Term Deferred Tax Assets	13.86	13.86	13.35	669.33	26.16	24.64
Long-Term Deferred Charges	359.32	374.43	376.71	412.9	365.75	391.3
Other Long-Term Assets	6,624	760.28	1,007	875.32	733.6	1,139
Total Assets	30,928	30,558	30,747	31,350	29,702	28,672
Accounts Payable	5,227	4,713	4,905	5,403	5,692	5,683
Accrued Expenses	472.48	844.7	829.99	762.05	738.85	619.4
Short-Term Debt	-	-	14.51	6.72	8.01	20.03
Current Portion of Long-Term Debt	54	-	6.71	64.77	61.05	29.08
Current Portion of Leases	-	74.68	68.65	76.6	85.81	72.37
Current Income Taxes Payable	49.93	3.39	4.61	3.57	8.96	11.83
Current Unearned Revenue	2,683	3,203	3,497	3,684	3,726	3,705
Other Current Liabilities	671.7	406.6	426.02	594.04	384.67	495.26
Total Current Liabilities	9,158	9,245	9,753	10,595	10,706	10,636
Long-Term Debt	-	-	6.6	13.3	107.19	230.93
Long-Term Leases	154.44	152.87	231.49	282.66	299.69	328.15
Long-Term Unearned Revenue	402.92	383.58	414.08	441.02	441.45	448.34
Long-Term Deferred Tax Liabilities	0.03	0.03	-	-	-	-
Other Long-Term Liabilities	585.13	585.24	585.67	589.26	595.26	600.73
Total Liabilities	10,300	10,367	10,991	11,921	12,149	12,244
Common Stock	2,545	2,545	2,545	2,545	2,545	2,545
Additional Paid-In Capital	3,595	3,595	3,363	3,363	3,153	2,873
Retained Earnings	14,176	13,753	13,485	13,160	11,480	10,671
Comprehensive Income & Other	53.44	46.57	81.2	75.57	85	41.59
Total Common Equity	20,369	19,939	19,474	19,144	17,263	16,130
Minority Interest	258.41	251.85	281.83	285.77	290.09	297.92
Shareholders' Equity	20,628	20,191	19,756	19,429	17,553	16,428
Total Liabilities & Equity	30,928	30,558	30,747	31,350	29,702	28,672
Total Debt	208.44	227.56	327.96	444.05	561.75	680.55
Net Cash (Debt)	7,271	13,808	8,117	8,475	14,484	9,142
Net Cash Growth	-31.00%	70.10%	-4.23%	-41.48%	58.43%	9.37%
Net Cash Per Share	2.88	5.46	3.20	3.33	5.69	3.59
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	6,973	7,741	1,771	1,605	8,129	3,124
Book Value Per Share	8.00	7.84	7.65	7.52	6.78	6.34
Tangible Book Value	19,679	19,222	18,706	18,341	16,391	15,251
Tangible Book Value Per Share	7.73	7.55	7.35	7.21	6.44	5.99
Buildings	-	7,681	7,715	7,612	7,034	5,901
Machinery	-	1,442	1,416	1,369	1,366	1,187
Construction In Progress	-	113.04	181.67	191.4	568.49	1,292

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