SHA:688111 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	694.05	897.94	3,478	7,015	1,254
Short-Term Investments	7,977	3,167	3,404	962.98	-
Trading Asset Securities	1,717	1,384	2,571	1,192	6,942
Cash & Short-Term Investments	10,388	5,449	9,453	9,171	8,196
Cash Growth	90.63%	-42.35%	3.08%	11.89%	7.43%
Accounts Receivable	641	510.14	570.65	502.39	417.49
Other Receivables	71.48	63.25	41.67	27.09	36.23
Receivables	712.95	573.79	612.9	529.48	453.72
Inventory	0.52	0.8	1.41	1.16	2.3
Other Current Assets	104.73	80.78	79.89	74.15	42.35
Total Current Assets	11,206	6,105	10,147	9,775	8,694
Property, Plant & Equipment	491.13	475.02	387.94	310.12	187.72
Long-Term Investments	6,070	8,927	3,033	1,589	1,162
Goodwill	184.67	184.67	184.67	184.67	184.67
Other Intangible Assets	73.14	79.35	87.03	102.29	117.98
Long-Term Deferred Tax Assets	37.63	34.98	40.73	21.13	19.05
Long-Term Deferred Charges	36.93	49.43	46.22	28.06	12.52
Other Long-Term Assets	38.62	40.47	31.28	33.75	40.53
Total Assets	18,156	15,913	13,974	12,058	10,426
Accounts Payable	8.21	7.19	20.91	38.78	7.71
Accrued Expenses	1,070	911.42	901.46	713.59	617.97
Current Portion of Leases	21.66	26.59	36.73	65.85	39.8
Current Income Taxes Payable	23.67	22.25	28.59	12.92	25.17
Current Unearned Revenue	2,599	2,136	1,892	1,731	1,421
Other Current Liabilities	218.83	359.35	274.22	187.83	156.18
Total Current Liabilities	3,942	3,462	3,154	2,750	2,268
Long-Term Leases	15.09	17.2	41.67	69.42	74.72
Long-Term Unearned Revenue	1,260	945.74	642.45	354.51	233.55
Long-Term Deferred Tax Liabilities	86.19	51.05	42.97	26.79	15.88
Other Long-Term Liabilities	-	-	73.54	58.34	53.6
Total Liabilities	5,302	4,476	3,954	3,259	2,645
Common Stock	463.18	462.53	461.72	461.22	461
Additional Paid-In Capital	5,473	5,441	5,178	4,942	4,748
Retained Earnings	6,956	5,533	4,294	3,310	2,515
Treasury Stock	-44.02	-100.03	-	-	-
Comprehensive Income & Other	4.98	19.66	15.46	11.4	-4.21
Total Common Equity	12,853	11,356	9,949	8,724	7,720
Minority Interest	-	81.01	70.81	74.09	60.69
Shareholders' Equity	12,853	11,437	10,020	8,798	7,780
Total Liabilities & Equity	18,156	15,913	13,974	12,058	10,426
Total Debt	36.75	43.79	78.41	135.27	114.51
Net Cash (Debt)	10,351	5,406	9,374	9,035	8,081
Net Cash Growth	91.49%	-42.34%	3.75%	11.80%	5.93%
Net Cash Per Share	22.32	11.70	20.27	19.57	17.54
Filing Date Shares Outstanding	463.18	461.9	461.72	461.22	461
Total Common Shares Outstanding	463.18	461.9	461.72	461.22	461
Working Capital	7,265	2,642	6,993	7,025	6,426
Book Value Per Share	27.75	24.58	21.55	18.92	16.75
Tangible Book Value	12,596	11,092	9,677	8,437	7,417
Tangible Book Value Per Share	27.19	24.01	20.96	18.29	16.09
Buildings	401.08	243.13	-	-	-
Machinery	357.21	312.58	290.12	259.38	217.58
Construction In Progress	-	134.96	248.06	120.65	-

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