SHA:601965 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	Jun '26 Jun 30, 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	-	2,827	1,820	2,381	1,799	1,420
Trading Asset Securities	-	22.3	8.37	3.91	4.22	6.35
Cash & Short-Term Investments	2,616	2,850	1,828	2,385	1,803	1,427
Cash Growth	11.34%	55.90%	-23.36%	32.29%	26.38%	8.03%
Accounts Receivable	-	3,043	2,468	1,847	1,553	1,152
Other Receivables	-	52.3	90.72	144.88	31.47	61.8
Receivables	-	3,096	2,559	1,991	1,584	1,214
Inventory	-	320.23	345.32	268.1	240.61	230.77
Other Current Assets	-	143.36	201.51	90.5	56.58	31.99
Total Current Assets	-	6,409	4,933	4,735	3,684	2,903
Property, Plant & Equipment	-	6,564	4,468	3,575	3,170	2,965
Long-Term Investments	-	121.94	125.28	231.88	222.9	170.5
Goodwill	-	7.21	-	-	-	-
Other Intangible Assets	-	769.58	434.19	450.11	425.44	378.78
Long-Term Accounts Receivable	-	18.72	-	-	-	-
Long-Term Deferred Tax Assets	-	94.12	79.34	68.02	64.12	53.7
Long-Term Deferred Charges	-	50.62	46.05	31.84	29.6	23.75
Other Long-Term Assets	-	37.02	23.45	32.84	444.79	689.36
Total Assets	-	14,072	10,110	9,124	8,041	7,184
Accounts Payable	-	1,485	1,252	894.48	663.41	538.87
Accrued Expenses	-	481.72	359.92	273.29	174.86	111.59
Short-Term Debt	-	21.82	8.01	5.31	10.54	-
Current Portion of Long-Term Debt	-	60.71	17.78	2.79	-	2.83
Current Portion of Leases	-	59.83	44.32	15.07	8.68	5.91
Current Income Taxes Payable	-	68.34	32.51	33.24	18.28	29.61
Current Unearned Revenue	-	126.09	123.18	289.69	340.94	308.59
Other Current Liabilities	-	135.84	293.34	389.59	325.54	186.07
Total Current Liabilities	-	2,439	2,131	1,903	1,542	1,183
Long-Term Debt	-	1,122	4.61	5.57	-	-
Long-Term Leases	-	463.19	206.69	36.6	22.58	8.14
Long-Term Unearned Revenue	-	348.05	286.91	248.19	258.92	267.48
Long-Term Deferred Tax Liabilities	-	19.99	9.46	8.27	15.69	1.84
Other Long-Term Liabilities	-	17.3	-	-	-	-
Total Liabilities	-	4,410	2,639	2,202	1,839	1,461
Common Stock	-	1,003	1,003	1,004	1,005	989.23
Additional Paid-In Capital	-	1,808	1,825	1,852	1,783	1,596
Retained Earnings	-	5,078	4,361	3,941	3,411	3,019
Treasury Stock	-	-52.34	-105.4	-210.65	-251.6	-124.05
Comprehensive Income & Other	-	-2.01	-2.01	-2.01	-2.01	-2.01
Total Common Equity	8,003	7,835	7,082	6,584	5,946	5,478
Minority Interest	-	1,827	389	337.87	255.66	245
Shareholders' Equity	9,829	9,663	7,471	6,922	6,201	5,723
Total Liabilities & Equity	-	14,072	10,110	9,124	8,041	7,184
Total Debt	1,848	1,728	281.42	65.34	41.79	16.88
Net Cash (Debt)	768.5	1,122	1,547	2,320	1,761	1,410
Net Cash Growth	-31.09%	-27.44%	-33.33%	31.71%	24.93%	8.03%
Net Cash Per Share	0.77	1.12	1.56	2.36	1.79	1.43
Filing Date Shares Outstanding	966.95	1,003	1,003	1,004	1,005	989.23
Total Common Shares Outstanding	966.95	1,003	1,003	1,004	1,005	989.23
Working Capital	-	3,970	2,802	2,832	2,142	1,719
Book Value Per Share	7.98	7.81	7.06	6.56	5.92	5.54
Tangible Book Value	7,234	7,059	6,648	6,134	5,520	5,099
Tangible Book Value Per Share	7.21	7.04	6.63	6.11	5.49	5.15
Buildings	-	2,477	2,224	2,145	1,940	1,902
Machinery	-	3,825	3,255	2,770	2,468	2,255
Construction In Progress	-	2,259	948.89	527.65	328.86	155.28