SHA:688012 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	7,901	7,951	7,762	7,090	7,326	8,659
Trading Asset Securities	630.95	791.76	834.02	1,869	2,939	2,511
Cash & Short-Term Investments	8,532	8,743	8,596	8,959	10,265	11,169
Cash Growth	0.78%	1.72%	-4.06%	-12.72%	-8.09%	323.59%
Accounts Receivable	2,640	2,063	1,473	1,250	779.99	631.36
Other Receivables	91.07	89.77	11.39	10.23	26.54	17.54
Receivables	2,731	2,153	1,485	1,261	806.53	648.9
Inventory	7,259	7,170	7,039	4,260	3,402	1,762
Other Current Assets	979.05	868.15	782.23	607.25	181.47	150.1
Total Current Assets	19,501	18,934	17,901	15,087	14,655	13,731
Property, Plant & Equipment	3,808	3,702	3,384	2,862	1,359	640.83
Long-Term Investments	3,983	3,617	2,638	2,222	2,165	1,370
Other Intangible Assets	1,227	1,286	692.96	686.94	590.3	572.86
Long-Term Deferred Tax Assets	415.02	334.95	180.15	102.16	55.71	3.77
Long-Term Deferred Charges	1,906	1,539	1,254	511.05	324.62	252.63
Other Long-Term Assets	430.33	433.43	167.11	53.37	885.25	162.64
Total Assets	31,270	29,846	26,218	21,526	20,035	16,733
Accounts Payable	2,077	1,856	1,680	1,305	960.12	734.63
Accrued Expenses	235.77	685.45	662.32	416.88	290.88	186.21
Current Portion of Long-Term Debt	18.02	10.29	27.38	500.38	-	-
Current Portion of Leases	-	8.82	8.24	9.44	11.67	12.24
Current Income Taxes Payable	149.64	67.89	124.4	147.61	73.2	4.22
Current Unearned Revenue	2,853	3,044	2,586	771.6	2,195	1,372
Other Current Liabilities	702.13	529.4	545.06	472.62	387.81	261.51
Total Current Liabilities	6,035	6,202	5,634	3,624	3,919	2,571
Long-Term Debt	730.4	730.4	721.8	-	500	-
Long-Term Leases	3.83	4.87	10.99	16.79	11.4	4.44
Long-Term Unearned Revenue	154.41	169.57	95.74	21.02	50.04	145.88
Long-Term Deferred Tax Liabilities	0.11	0.11	0.04	23.43	50.4	56.96
Other Long-Term Liabilities	10.4	10.26	19.59	17.58	21.49	14.34
Total Liabilities	6,934	7,117	6,482	3,702	4,552	2,793
Common Stock	626.92	626.15	622.36	619.28	616.24	616.24
Additional Paid-In Capital	15,509	15,042	14,102	13,317	12,647	12,288
Retained Earnings	8,165	7,235	5,311	3,880	2,218	1,048
Treasury Stock	-	-215.94	-300.78	-	-	-
Comprehensive Income & Other	8.49	7.2	2.44	9.12	2.64	-12.32
Total Common Equity	24,309	22,695	19,737	17,826	15,484	13,940
Minority Interest	26.69	34.22	-1.37	-3.02	-1.43	0.18
Shareholders' Equity	24,336	22,729	19,736	17,823	15,483	13,940
Total Liabilities & Equity	31,270	29,846	26,218	21,526	20,035	16,733
Total Debt	752.25	754.39	768.42	526.6	523.07	16.68
Net Cash (Debt)	7,780	7,989	7,827	8,433	9,742	11,153
Net Cash Growth	1.06%	2.06%	-7.18%	-13.44%	-12.65%	322.96%
Net Cash Per Share	12.35	12.71	12.60	13.60	15.82	19.41
Filing Date Shares Outstanding	626.92	624.05	620.27	619.28	616.24	616.24
Total Common Shares Outstanding	626.92	624.05	620.27	619.28	616.24	616.24
Working Capital	13,466	12,732	12,267	11,464	10,736	11,160
Book Value Per Share	38.78	36.37	31.82	28.79	25.13	22.62
Tangible Book Value	23,083	21,409	19,044	17,139	14,894	13,367
Tangible Book Value Per Share	36.82	34.31	30.70	27.68	24.17	21.69
Buildings	-	2,619	2,497	1,807	257.51	156.98
Machinery	-	888.99	732.6	596.61	461.69	448.49
Construction In Progress	-	862.87	652.15	848.8	1,000	407.28

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