SHA:601968 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	362.94	721.81	1,189	485.27	580.09	760.7
Short-Term Investments	-	-	2.22	12.52	2.13	-
Cash & Short-Term Investments	362.94	721.81	1,191	497.79	582.21	760.7
Cash Growth	-63.88%	-39.40%	139.27%	-14.50%	-23.46%	7.91%
Accounts Receivable	2,611	1,754	1,734	1,496	1,759	1,766
Other Receivables	11.71	10.37	11.29	8.04	11.09	6.59
Receivables	2,623	1,764	1,745	1,504	1,770	1,772
Inventory	1,135	1,122	1,136	1,011	853.97	1,283
Other Current Assets	272.15	250.3	279.66	191.65	230.69	287.89
Total Current Assets	4,393	3,859	4,352	3,205	3,437	4,104
Property, Plant & Equipment	4,641	4,665	4,519	4,503	4,252	3,564
Long-Term Investments	209.49	208.23	206.35	1.27	-	-
Other Intangible Assets	505.76	506.8	511.24	376.36	376.33	224.95
Long-Term Deferred Tax Assets	93.19	94.83	60.77	63.07	68.95	50.26
Long-Term Deferred Charges	15.05	17.12	29.83	33.11	28.22	8.1
Other Long-Term Assets	49.81	37.12	32.1	75.95	137.07	277.5
Total Assets	9,907	9,387	9,712	8,257	8,299	8,228
Accounts Payable	3,794	3,440	3,467	2,603	2,804	3,340
Accrued Expenses	21.82	43.88	138.97	76.81	117.31	97.3
Short-Term Debt	707.27	451.12	158.4	-	6.11	19.8
Current Portion of Long-Term Debt	19.56	171.21	258.38	122	271.47	22.45
Current Portion of Leases	-	-	3.06	19.14	19.42	29.87
Current Income Taxes Payable	34.68	50.03	25.44	15.77	24.46	10.46
Current Unearned Revenue	62.32	59.15	51.26	49.8	49.63	59.84
Other Current Liabilities	361.01	336.46	482.46	548.67	427.98	298.36
Total Current Liabilities	5,001	4,552	4,585	3,435	3,721	3,878
Long-Term Debt	102.18	66.51	421.78	710.26	527.74	477.69
Long-Term Leases	11.22	9.7	7.73	5.96	21.79	48.06
Long-Term Unearned Revenue	79.32	81.36	70.08	75.17	73.94	72.89
Long-Term Deferred Tax Liabilities	1.94	1.97	7.01	9.6	-	-
Other Long-Term Liabilities	0.12	0.12	0.17	0.18	0.18	0.29
Total Liabilities	5,196	4,711	5,092	4,236	4,344	4,477
Common Stock	1,276	1,276	1,276	1,133	1,133	1,133
Additional Paid-In Capital	2,211	2,211	2,211	1,663	1,663	1,662
Retained Earnings	1,222	1,156	1,066	1,051	969.53	837.06
Treasury Stock	-70.01	-70.01	-70.01	-	-	-
Comprehensive Income & Other	-88.87	-55.6	-10.98	-2.38	2.2	-50.84
Total Common Equity	4,550	4,517	4,471	3,844	3,767	3,581
Minority Interest	161.68	158.43	147.89	176.52	187.54	170.34
Shareholders' Equity	4,711	4,676	4,619	4,021	3,955	3,751
Total Liabilities & Equity	9,907	9,387	9,712	8,257	8,299	8,228
Total Debt	840.22	698.53	849.36	857.36	846.53	597.87
Net Cash (Debt)	-477.29	23.28	341.7	-359.57	-264.31	162.83
Net Cash Growth	-	-93.19%	-	-	-	-55.42%
Net Cash Per Share	-0.39	0.02	0.30	-0.31	-0.24	0.15
Filing Date Shares Outstanding	1,308	1,240	1,261	1,133	1,133	1,133
Total Common Shares Outstanding	1,308	1,240	1,261	1,133	1,133	1,133
Working Capital	-608.55	-693.11	-233.32	-230.57	-284.16	225.51
Book Value Per Share	3.48	3.64	3.54	3.39	3.33	3.16
Tangible Book Value	4,044	4,011	3,960	3,468	3,391	3,356
Tangible Book Value Per Share	3.09	3.23	3.14	3.06	2.99	2.96
Buildings	-	-	1,500	1,499	1,265	1,032
Machinery	-	-	5,624	5,536	4,740	4,029
Construction In Progress	-	-	383.41	78.96	533.73	450.24

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