SHA:603128 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	2,139	2,392	2,106	1,948	2,575	1,666
Cash & Short-Term Investments	2,139	2,392	2,106	1,948	2,575	1,666
Cash Growth	15.13%	13.57%	8.14%	-24.36%	54.57%	10.48%
Accounts Receivable	4,780	4,732	4,252	3,338	3,169	4,834
Other Receivables	1,154	1,072	726.75	1,043	417.22	351.18
Receivables	5,935	5,805	4,979	4,381	3,587	5,185
Inventory	51.21	33.26	25.71	20.41	10.56	28.53
Prepaid Expenses	-	-	8.6	4.11	5.79	4.07
Other Current Assets	832.64	621.48	586.75	148.49	346.13	368.95
Total Current Assets	8,958	8,851	7,706	6,502	6,524	7,253
Property, Plant & Equipment	1,257	1,129	717.9	736.6	758.03	801.39
Long-Term Investments	622.59	619.33	744.78	726.88	340.08	288.35
Goodwill	1,374	1,374	1,374	1,374	1,729	1,729
Other Intangible Assets	152.74	148.7	157.51	166.35	270.67	274.61
Long-Term Accounts Receivable	-	-	9.53	7.38	-	-
Long-Term Deferred Tax Assets	40.3	39.29	53.07	55.64	76.37	103.67
Long-Term Deferred Charges	26.17	27.9	15.2	19.36	19.42	32.89
Other Long-Term Assets	66.37	66.44	65.41	65.33	55.1	52.62
Total Assets	12,498	12,257	10,844	9,653	9,772	10,535
Accounts Payable	2,377	2,339	2,120	1,936	1,438	2,430
Accrued Expenses	58.01	51.29	206.12	226.76	290.81	359.46
Short-Term Debt	2,322	2,260	1,120	400.32	250.42	217.35
Current Portion of Long-Term Debt	96.77	127.03	21.68	2.07	820.6	100.21
Current Portion of Leases	-	-	65.94	57.44	43.26	54.98
Current Income Taxes Payable	83.74	85.67	69.64	64.91	62.94	109.37
Current Unearned Revenue	117.18	111.21	76.36	28.01	77.43	125.32
Other Current Liabilities	368.73	359.18	782.42	631.45	275.46	358.99
Total Current Liabilities	5,423	5,333	4,462	3,347	3,259	3,755
Long-Term Debt	28.52	89.72	112.64	33.55	150.72	968.55
Long-Term Leases	561.06	417.71	116.64	136.86	111.31	81.65
Long-Term Unearned Revenue	3.26	3.26	6.15	6.66	3.84	4.74
Long-Term Deferred Tax Liabilities	32.61	33.01	34.87	36.45	59.14	63.86
Other Long-Term Liabilities	10.21	11.68	14.81	122.53	172.68	243.5
Total Liabilities	6,059	5,888	4,747	3,683	3,757	5,118
Common Stock	1,309	1,309	1,309	1,319	1,309	1,309
Additional Paid-In Capital	1,646	1,646	1,646	1,698	1,673	1,689
Retained Earnings	3,377	3,285	3,024	2,899	2,897	2,305
Treasury Stock	-	-	-	-61.36	-61.36	-126.67
Comprehensive Income & Other	-20	-5.37	4.24	-1.17	-8.01	-38.93
Total Common Equity	6,312	6,235	5,984	5,853	5,811	5,138
Minority Interest	126.31	133.52	113.31	117.09	204.72	279.28
Shareholders' Equity	6,439	6,368	6,097	5,970	6,015	5,417
Total Liabilities & Equity	12,498	12,257	10,844	9,653	9,772	10,535
Total Debt	3,008	2,894	1,436	630.24	1,376	1,423
Net Cash (Debt)	-869.38	-501.85	669.83	1,317	1,199	243.16
Net Cash Growth	-	-	-49.16%	9.91%	392.98%	-79.24%
Net Cash Per Share	-0.66	-0.38	0.51	1.00	0.92	0.19
Filing Date Shares Outstanding	1,315	1,279	1,309	1,309	1,299	1,289
Total Common Shares Outstanding	1,315	1,279	1,309	1,309	1,299	1,289
Working Capital	3,534	3,518	3,244	3,154	3,265	3,497
Book Value Per Share	4.80	4.87	4.57	4.47	4.47	3.99
Tangible Book Value	4,785	4,712	4,452	4,313	3,811	3,135
Tangible Book Value Per Share	3.64	3.68	3.40	3.29	2.93	2.43
Buildings	-	-	616.65	615.16	631.01	614.19
Machinery	-	-	603.23	577.23	597.87	599.74
Construction In Progress	-	-	-	-	-	18.11

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