SHA:603565 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	7,293	10,069	7,770	5,568	4,761	2,802
Short-Term Investments	-	21.19	-	603.5	-	-
Trading Asset Securities	5,038	2,351	4,557	4,698	4,550	7,104
Cash & Short-Term Investments	12,331	12,442	12,327	10,869	9,311	9,906
Cash Growth	-0.64%	0.93%	13.41%	16.74%	-6.01%	117.99%
Accounts Receivable	464.29	424.9	422.52	512.27	622.89	562.87
Other Receivables	87.26	96.25	101.94	122.6	71.01	54.42
Receivables	551.55	521.15	524.45	634.88	693.91	617.28
Inventory	50.68	54.06	51.84	85.29	125.44	79.98
Other Current Assets	344.08	338.15	601.08	682.77	349.22	381.65
Total Current Assets	13,277	13,355	13,505	12,272	10,479	10,985
Property, Plant & Equipment	8,573	8,779	9,106	9,327	6,977	4,983
Long-Term Investments	1,905	1,898	1,701	1,144	1,348	380.04
Other Intangible Assets	398.12	400.53	274.37	275.91	206.96	212.68
Long-Term Deferred Tax Assets	185.58	204.98	108.38	97.2	169.48	24.93
Long-Term Deferred Charges	1.12	1.32	1.94	1.68	0.24	0.61
Other Long-Term Assets	715.83	266.33	67.63	281.28	1,090	735.59
Total Assets	25,055	24,905	24,764	23,399	20,271	17,322
Accounts Payable	2,253	307.31	277.39	267.22	442.52	129.41
Accrued Expenses	36.91	2,184	2,440	2,816	2,642	2,067
Short-Term Debt	5	5	-	250	300	-
Current Portion of Long-Term Debt	3,084	2,318	2,004	937.47	1,013	358.36
Current Portion of Leases	-	552.72	303.34	333.23	831.3	502.89
Current Income Taxes Payable	241.06	258.61	284.03	77.46	164.01	540.99
Current Unearned Revenue	204.32	248.23	428.93	285.73	360.75	324.89
Other Current Liabilities	376.29	406.45	414.36	390.36	351.26	447.48
Total Current Liabilities	6,200	6,281	6,152	5,358	6,105	4,371
Long-Term Debt	6,333	6,469	5,868	5,461	2,720	1,491
Long-Term Leases	776.5	1,139	1,176	1,336	1,640	1,441
Long-Term Unearned Revenue	31.13	31.66	25.05	25.27	22.09	24
Long-Term Deferred Tax Liabilities	478.79	504.19	468.12	466.06	448.5	260.02
Other Long-Term Liabilities	248.16	-	-	-	-	-
Total Liabilities	14,068	14,425	13,690	12,646	10,935	7,587
Common Stock	2,100	2,100	2,100	2,100	1,419	958.76
Additional Paid-In Capital	3,345	3,345	3,345	3,345	4,026	4,486
Retained Earnings	5,554	5,027	5,588	5,265	3,859	4,259
Comprehensive Income & Other	-35.88	-15.89	18.88	9.64	-0.52	-0.06
Total Common Equity	10,963	10,456	11,051	10,719	9,304	9,704
Minority Interest	24.14	24.35	23.13	34.09	32.46	30.9
Shareholders' Equity	10,987	10,480	11,075	10,753	9,336	9,734
Total Liabilities & Equity	25,055	24,905	24,764	23,399	20,271	17,322
Total Debt	10,199	10,484	9,351	8,318	6,505	3,793
Net Cash (Debt)	2,132	1,957	2,976	2,551	2,806	6,113
Net Cash Growth	-36.02%	-34.23%	16.64%	-9.08%	-54.10%	91.45%
Net Cash Per Share	1.01	0.93	1.41	1.22	1.34	3.14
Filing Date Shares Outstanding	2,108	2,100	2,100	2,100	2,100	2,100
Total Common Shares Outstanding	2,108	2,100	2,100	2,100	2,100	2,100
Working Capital	7,077	7,074	7,352	6,915	4,374	6,614
Book Value Per Share	5.20	4.98	5.26	5.10	4.43	4.62
Tangible Book Value	10,565	10,055	10,777	10,443	9,097	9,491
Tangible Book Value Per Share	5.01	4.79	5.13	4.97	4.33	4.52
Buildings	-	606.12	529.71	402.06	116.26	87.48
Machinery	-	5,799	5,844	5,595	3,443	2,957
Construction In Progress	-	43.55	108.41	182.07	275.21	80.24

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