SHA:603118 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	2,097	2,659	1,975	2,423	1,576	762.82
Short-Term Investments	-	-	100.75	579.75	918.76	1,036
Trading Asset Securities	400.66	745.89	229.84	48.29	-	601.08
Cash & Short-Term Investments	2,497	3,405	2,306	3,051	2,494	2,400
Cash Growth	-12.02%	47.69%	-24.42%	22.31%	3.92%	36.52%
Accounts Receivable	2,629	2,668	1,991	1,995	2,656	2,334
Other Receivables	20.1	15.59	46.8	45.78	76.14	53.3
Receivables	2,649	2,683	2,037	2,041	2,732	2,387
Inventory	1,856	1,559	1,227	1,257	1,497	1,550
Other Current Assets	105.71	152.5	139.5	164.92	297.82	154.38
Total Current Assets	7,108	7,800	5,710	6,514	7,021	6,492
Property, Plant & Equipment	2,425	2,429	2,479	2,766	2,708	2,273
Long-Term Investments	260.36	406.22	397.17	365.32	144.23	106.16
Goodwill	-	-	-	-	208.15	477.01
Other Intangible Assets	219.21	223.47	245.8	257.07	269.75	267.5
Long-Term Deferred Tax Assets	38.41	37.29	44.34	36.75	45.62	35.23
Long-Term Deferred Charges	75.94	82.62	80.89	88.64	16.93	34.07
Other Long-Term Assets	249.35	263.8	245.71	186.8	120.05	82.47
Total Assets	10,377	11,242	9,203	10,214	10,534	9,767
Accounts Payable	2,628	2,605	1,958	3,111	3,204	2,777
Accrued Expenses	71.28	133.56	113.94	127.26	183.91	178.98
Short-Term Debt	2,159	3,059	1,790	1,375	1,760	1,678
Current Portion of Long-Term Debt	7.71	7.37	-	-	-	-
Current Income Taxes Payable	14.68	35.45	0.95	0.99	21.36	12.72
Current Unearned Revenue	59.36	30.18	43.36	17.29	27.9	31.15
Other Current Liabilities	340	291.98	288.72	39.98	101.48	111.81
Total Current Liabilities	5,280	6,163	4,194	4,672	5,299	4,790
Long-Term Debt	-	-	-	332.2	27.25	-
Long-Term Leases	15.72	17.68	29.09	53.69	40.59	-
Long-Term Unearned Revenue	6.03	6.61	12.54	21.29	17.28	14.59
Long-Term Deferred Tax Liabilities	-	-	-	1.54	-	-
Other Long-Term Liabilities	0.95	1.27	2.18	-	-	-
Total Liabilities	5,303	6,188	4,238	5,081	5,384	4,804
Common Stock	787.28	787.28	787.28	791.46	791.13	792.13
Additional Paid-In Capital	2,775	2,775	2,749	2,751	2,737	2,711
Retained Earnings	1,537	1,512	1,435	1,613	1,650	1,542
Treasury Stock	-	-	-	-19.13	-42.11	-74.95
Comprehensive Income & Other	-25.73	-20.88	-6.31	3.56	5.19	-7.17
Total Common Equity	5,074	5,054	4,965	5,141	5,142	4,963
Minority Interest	-	-	-	-6.99	8.13	-0.36
Shareholders' Equity	5,074	5,054	4,965	5,134	5,150	4,963
Total Liabilities & Equity	10,377	11,242	9,203	10,214	10,534	9,767
Total Debt	2,182	3,084	1,819	1,761	1,828	1,678
Net Cash (Debt)	315.04	321.28	487.16	1,290	666.23	722.56
Net Cash Growth	8.91%	-34.05%	-62.24%	93.63%	-7.80%	-16.77%
Net Cash Per Share	0.40	0.41	0.61	1.59	0.85	0.93
Filing Date Shares Outstanding	815	758	787.28	791.46	791.13	792.13
Total Common Shares Outstanding	815	758	787.28	791.46	791.13	792.13
Working Capital	1,828	1,637	1,516	1,842	1,722	1,702
Book Value Per Share	6.23	6.67	6.31	6.50	6.50	6.27
Tangible Book Value	4,855	4,831	4,719	4,884	4,664	4,219
Tangible Book Value Per Share	5.96	6.37	5.99	6.17	5.89	5.33
Buildings	-	-	2,071	2,151	2,177	1,796
Machinery	-	-	1,263	1,377	1,303	1,224
Construction In Progress	-	-	349.85	330.56	260.08	243.21

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