SHA:601949 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	2,245	1,832	1,962	4,341	1,235	1,463
Short-Term Investments	-	-	1,909	97.45	1,026	350.31
Trading Asset Securities	2,330	3,104	2,545	1,512	3,117	4,602
Cash & Short-Term Investments	4,574	4,936	6,415	5,950	5,379	6,415
Cash Growth	-19.28%	-23.06%	7.82%	10.63%	-16.16%	21.55%
Accounts Receivable	684.42	726.84	836.32	805.33	928.67	867.7
Other Receivables	59.93	53.96	15.04	24.44	27.15	27.47
Receivables	744.35	780.81	851.36	829.78	955.82	895.17
Inventory	2,370	2,230	2,304	2,430	2,531	2,741
Other Current Assets	700.46	656.86	511.83	255.61	238.96	305.42
Total Current Assets	8,389	8,603	10,082	9,466	9,104	10,357
Property, Plant & Equipment	2,202	2,223	904.66	956.22	1,007	1,387
Long-Term Investments	3,760	3,739	1,909	2,052	1,715	1,018
Goodwill	-	-	-	9.09	14.77	138.47
Other Intangible Assets	809.05	824.96	846.64	888.92	974.57	687.65
Long-Term Deferred Tax Assets	105.62	104.99	129.24	333.73	94.24	79.47
Long-Term Deferred Charges	77.05	74.15	83.55	70.34	83.88	96.29
Other Long-Term Assets	717.38	726.37	2,147	1,850	1,880	762.21
Total Assets	16,060	16,295	16,102	15,626	14,873	14,527
Accounts Payable	1,805	1,881	1,998	2,085	2,184	1,987
Accrued Expenses	221.93	288.6	377.65	373.03	372.42	360.97
Short-Term Debt	5	5	5	5	5	5
Current Portion of Long-Term Debt	25.08	29.3	0.18	0.02	363.67	284.33
Current Portion of Leases	-	-	36.74	20.49	48.61	56.21
Current Income Taxes Payable	40.08	106.44	27.8	31.55	31.24	41.69
Current Unearned Revenue	913.96	845.21	827.31	771.44	788.42	741.68
Other Current Liabilities	851.89	815.49	823.79	863.94	724.45	687.77
Total Current Liabilities	3,863	3,971	4,097	4,151	4,518	4,164
Long-Term Debt	304.9	304.9	305.5	52	16	309.64
Long-Term Leases	17.7	19.02	47.35	23.59	41.89	53.64
Long-Term Unearned Revenue	501.36	512.16	559.76	621.6	714.75	736.99
Pension & Post-Retirement Benefits	-	-	311.94	309.77	319.15	362
Long-Term Deferred Tax Liabilities	41.61	41.95	69.87	126.62	30.5	11.27
Other Long-Term Liabilities	336.15	336.23	40.16	17.35	17.4	16.98
Total Liabilities	5,065	5,186	5,431	5,302	5,658	5,655
Common Stock	1,904	1,904	1,904	1,904	1,823	1,823
Additional Paid-In Capital	1,379	1,379	1,379	1,380	1,138	1,153
Retained Earnings	6,765	6,865	6,412	6,060	5,289	4,873
Comprehensive Income & Other	-99.05	-100.08	-97.75	-81.9	-79.21	-107.53
Total Common Equity	9,949	10,048	9,598	9,262	8,171	7,741
Minority Interest	1,046	1,062	1,073	1,062	1,045	1,130
Shareholders' Equity	10,995	11,110	10,671	10,324	9,215	8,872
Total Liabilities & Equity	16,060	16,295	16,102	15,626	14,873	14,527
Total Debt	352.67	358.22	394.76	101.1	475.18	708.81
Net Cash (Debt)	4,222	4,578	6,020	5,849	4,903	5,706
Net Cash Growth	-20.04%	-23.96%	2.93%	19.29%	-14.07%	16.52%
Net Cash Per Share	2.22	2.40	3.16	3.15	2.71	3.13
Filing Date Shares Outstanding	1,905	1,905	1,904	1,904	1,823	1,823
Total Common Shares Outstanding	1,905	1,905	1,904	1,904	1,823	1,823
Working Capital	4,526	4,632	5,985	5,315	4,586	6,192
Book Value Per Share	5.22	5.27	5.04	4.86	4.48	4.25
Tangible Book Value	9,140	9,223	8,751	8,364	7,181	6,915
Tangible Book Value Per Share	4.80	4.84	4.60	4.39	3.94	3.79
Buildings	-	-	810.03	832.87	802.12	864.88
Machinery	-	-	675.75	668.26	668.56	710.04
Construction In Progress	-	-	66.16	107.9	120.82	380.97

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.