SHA:603228 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	3,123	2,693	2,184	2,288	1,486	1,122
Trading Asset Securities	219.34	182.18	312	250	22.4	334.8
Cash & Short-Term Investments	3,342	2,876	2,496	2,538	1,508	1,456
Cash Growth	8.26%	15.22%	-1.66%	68.28%	3.55%	-53.28%
Accounts Receivable	5,634	5,852	5,032	4,736	4,439	4,093
Other Receivables	94.48	90.56	49.78	51.75	32.52	45.02
Receivables	5,729	5,943	5,082	4,788	4,471	4,138
Inventory	3,013	2,516	1,742	1,364	1,376	1,444
Prepaid Expenses	-	-	0.02	0.08	0.07	-
Other Current Assets	328.8	231.51	132.29	37.28	51.47	66.27
Total Current Assets	12,413	11,565	9,452	8,727	7,406	7,104
Property, Plant & Equipment	10,754	10,430	8,259	7,490	7,286	5,969
Long-Term Investments	115.38	120.37	143.42	99.86	13	10
Other Intangible Assets	313.46	298.06	302.41	272.91	268.94	251.3
Long-Term Deferred Tax Assets	234.37	243.3	283.27	224.34	159.61	134.19
Long-Term Deferred Charges	223.49	195.28	129.94	103.51	93.9	66.83
Other Long-Term Assets	1,328	874.98	673.72	313.01	263.91	805.81
Total Assets	25,382	23,727	19,244	17,231	15,492	14,342
Accounts Payable	6,814	6,722	4,853	3,913	3,857	4,283
Accrued Expenses	229.45	434.1	409.93	397.81	343.19	294.04
Short-Term Debt	232.98	378.8	125.33	3.36	195.05	32.12
Current Portion of Long-Term Debt	305.65	213.22	247.94	316.35	0.69	9.77
Current Portion of Leases	-	16.75	11.02	18.21	14.96	15.59
Current Income Taxes Payable	77.17	53.24	55.95	68.58	36.43	46.17
Current Unearned Revenue	17.17	11.97	5.79	8	2.49	3.11
Other Current Liabilities	250.44	225.42	255.4	106.75	241.1	328.62
Total Current Liabilities	7,927	8,055	5,964	4,832	4,691	5,012
Long-Term Debt	3,444	1,864	1,312	3,057	2,169	1,534
Long-Term Leases	10.45	11.91	3.57	8.32	17.68	4.47
Long-Term Unearned Revenue	402.2	403.45	325.54	228.46	169.9	160.54
Long-Term Deferred Tax Liabilities	86.78	122.72	140.79	134.38	152.75	149.27
Total Liabilities	11,870	10,457	7,746	8,261	7,201	6,861
Common Stock	984.82	984.81	932.53	841.87	847.25	851.67
Additional Paid-In Capital	5,280	5,254	3,888	1,770	1,832	1,912
Retained Earnings	7,142	6,909	6,425	5,677	5,165	4,353
Treasury Stock	-85.09	-85.09	-112.04	-	-81.64	-149.03
Comprehensive Income & Other	-17.5	9.31	179.56	488.03	310.3	310.3
Total Common Equity	13,304	13,073	11,314	8,777	8,072	7,278
Minority Interest	207.41	197.08	184.03	192.85	218.07	202.77
Shareholders' Equity	13,512	13,270	11,498	8,970	8,290	7,481
Total Liabilities & Equity	25,382	23,727	19,244	17,231	15,492	14,342
Total Debt	3,993	2,485	1,700	3,404	2,398	1,596
Net Cash (Debt)	-650.64	390.9	795.86	-865.71	-889.76	-139.77
Net Cash Growth	-	-50.88%	-	-	-	-
Net Cash Per Share	-0.65	0.41	0.91	-1.03	-1.06	-0.17
Filing Date Shares Outstanding	984.82	984.81	932.53	841.87	847.25	851.67
Total Common Shares Outstanding	984.82	984.81	932.53	841.87	847.25	851.67
Working Capital	4,486	3,510	3,488	3,895	2,715	2,092
Book Value Per Share	13.51	13.27	12.13	10.43	9.53	8.55
Tangible Book Value	12,991	12,775	11,011	8,504	7,803	7,027
Tangible Book Value Per Share	13.19	12.97	11.81	10.10	9.21	8.25
Buildings	-	3,853	3,020	2,760	2,411	2,030
Machinery	-	10,178	7,869	7,028	6,717	5,143
Construction In Progress	-	609.72	784.96	483.33	276.17	438.27

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