SHA:603611 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	976.02	1,222	1,164	1,160	1,304	1,003
Trading Asset Securities	539.89	528.5	251.5	62.41	37.89	228.28
Cash & Short-Term Investments	1,516	1,750	1,416	1,223	1,342	1,231
Cash Growth	29.09%	23.62%	15.79%	-8.89%	9.03%	10.47%
Accounts Receivable	2,218	2,078	1,966	1,892	2,138	1,947
Other Receivables	105.04	145.66	112.08	107.32	103.6	80.25
Receivables	2,323	2,224	2,078	1,999	2,242	2,027
Inventory	2,514	2,490	2,906	3,593	3,362	2,305
Prepaid Expenses	-	3.39	3.49	4.9	4.55	1.3
Other Current Assets	430.98	291.13	266.93	224.88	224.31	221.07
Total Current Assets	6,784	6,759	6,670	7,044	7,175	5,785
Property, Plant & Equipment	1,492	1,411	810.08	726.52	688.46	675.79
Long-Term Investments	270.97	257.17	207.42	238.73	238.79	232.59
Goodwill	537.08	537.08	586.49	634.73	634.73	672.93
Other Intangible Assets	410.06	415.99	444.07	359.06	188.54	193.48
Long-Term Deferred Tax Assets	96.11	94.74	78.87	65.87	63	65.85
Long-Term Deferred Charges	25.14	25.08	24.7	28.12	14.72	14.53
Other Long-Term Assets	23.26	23.4	3.6	1.27	1.27	1.27
Total Assets	9,638	9,523	8,825	9,099	9,004	7,641
Accounts Payable	2,162	2,693	2,306	2,403	2,535	1,962
Accrued Expenses	174.32	256.6	238.68	267.48	275.18	273.6
Short-Term Debt	796.13	436.68	663.09	632.31	414.12	412.09
Current Portion of Long-Term Debt	378.26	337.52	97.59	431.19	-	-
Current Portion of Leases	-	42.37	30.53	37.03	34.73	48.08
Current Income Taxes Payable	102.2	32.31	31.83	31.71	24.15	16.86
Current Unearned Revenue	1,891	1,639	1,790	2,192	2,646	1,980
Other Current Liabilities	130.18	146.97	158.28	76.19	69.36	197.7
Total Current Liabilities	5,634	5,585	5,315	6,071	5,999	4,890
Long-Term Debt	165.76	174.37	295.97	48.74	399.37	418.79
Long-Term Leases	348.23	340.42	74.66	88.2	81.45	64.54
Long-Term Unearned Revenue	176.61	174.66	118.35	88.85	69.62	73.24
Pension & Post-Retirement Benefits	-	37.61	37.48	41.22	32.56	42.21
Long-Term Deferred Tax Liabilities	0.72	4.78	6.49	9.92	17.15	11.9
Other Long-Term Liabilities	38.13	-	-	61.29	36.35	38.71
Total Liabilities	6,364	6,317	5,848	6,409	6,635	5,540
Common Stock	257.6	257.6	257.6	257.6	267.18	267.18
Additional Paid-In Capital	535.17	531.23	522.21	527.55	686.14	690.74
Retained Earnings	2,452	2,377	2,179	1,877	1,561	1,300
Treasury Stock	-	-	-	-	-169.6	-169.6
Comprehensive Income & Other	-3.99	7.72	-19.01	3.7	3.02	-24.88
Total Common Equity	3,240	3,173	2,939	2,666	2,348	2,064
Minority Interest	34.24	32.85	37.36	23.63	21.3	37.63
Shareholders' Equity	3,275	3,206	2,977	2,689	2,369	2,102
Total Liabilities & Equity	9,638	9,523	8,825	9,099	9,004	7,641
Total Debt	1,688	1,331	1,162	1,237	929.67	943.5
Net Cash (Debt)	-172.47	418.98	254.07	-14.67	412.42	287.46
Net Cash Growth	-	64.91%	-	-	43.47%	-9.81%
Net Cash Per Share	-0.67	1.63	0.98	-0.06	1.60	1.12
Filing Date Shares Outstanding	257.53	257.6	257.6	257.6	257.6	257.6
Total Common Shares Outstanding	257.53	257.6	257.6	257.6	257.6	257.6
Working Capital	1,150	1,174	1,355	973.41	1,176	894.48
Book Value Per Share	12.58	12.32	11.41	10.35	9.11	8.01
Tangible Book Value	2,293	2,220	1,909	1,672	1,524	1,197
Tangible Book Value Per Share	8.90	8.62	7.41	6.49	5.92	4.65
Buildings	-	550.21	534.43	548.74	528.94	513.44
Machinery	-	750.42	629.52	480.22	537.79	503.35
Construction In Progress	-	400.29	185.81	77.05	25.79	17.39

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