SHA:688111 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	1,074	694.05	897.94	3,478	7,015	1,254
Short-Term Investments	4,080	7,977	3,167	3,404	962.98	-
Trading Asset Securities	1,518	1,717	1,384	2,571	1,192	6,942
Cash & Short-Term Investments	6,672	10,388	5,449	9,453	9,171	8,196
Cash Growth	221.36%	90.63%	-42.35%	3.08%	11.89%	7.43%
Accounts Receivable	727.61	641	510.14	570.65	502.39	417.49
Other Receivables	78.95	71.48	63.25	41.67	27.09	36.23
Receivables	806.56	712.95	573.79	612.9	529.48	453.72
Inventory	0.4	0.52	0.8	1.41	1.16	2.3
Other Current Assets	4,127	104.73	80.78	79.89	74.15	42.35
Total Current Assets	11,606	11,206	6,105	10,147	9,775	8,694
Property, Plant & Equipment	474.92	491.13	475.02	387.94	310.12	187.72
Long-Term Investments	3,570	6,070	8,927	3,033	1,589	1,162
Goodwill	184.67	184.67	184.67	184.67	184.67	184.67
Other Intangible Assets	69.2	73.14	79.35	87.03	102.29	117.98
Long-Term Deferred Tax Assets	41.74	37.63	34.98	40.73	21.13	19.05
Long-Term Deferred Charges	35.21	36.93	49.43	46.22	28.06	12.52
Other Long-Term Assets	4,235	38.62	40.47	31.28	33.75	40.53
Total Assets	20,217	18,156	15,913	13,974	12,058	10,426
Accounts Payable	483.41	8.21	7.19	20.91	38.78	7.71
Accrued Expenses	253.73	1,070	911.42	901.46	713.59	617.97
Current Portion of Leases	21.85	21.66	26.59	36.73	65.85	39.8
Current Income Taxes Payable	84.51	23.67	22.25	28.59	12.92	25.17
Current Unearned Revenue	2,604	2,599	2,136	1,892	1,731	1,421
Other Current Liabilities	150.09	218.83	359.35	274.22	187.83	156.18
Total Current Liabilities	3,598	3,942	3,462	3,154	2,750	2,268
Long-Term Leases	13.81	15.09	17.2	41.67	69.42	74.72
Long-Term Unearned Revenue	1,199	1,260	945.74	642.45	354.51	233.55
Long-Term Deferred Tax Liabilities	276.31	86.19	51.05	42.97	26.79	15.88
Other Long-Term Liabilities	-	-	-	73.54	58.34	53.6
Total Liabilities	5,087	5,302	4,476	3,954	3,259	2,645
Common Stock	463.37	463.18	462.53	461.72	461.22	461
Additional Paid-In Capital	5,561	5,473	5,441	5,178	4,942	4,748
Retained Earnings	9,151	6,956	5,533	4,294	3,310	2,515
Treasury Stock	-44.02	-44.02	-100.03	-	-	-
Comprehensive Income & Other	-2.37	4.98	19.66	15.46	11.4	-4.21
Total Common Equity	15,130	12,853	11,356	9,949	8,724	7,720
Minority Interest	-	-	81.01	70.81	74.09	60.69
Shareholders' Equity	15,130	12,853	11,437	10,020	8,798	7,780
Total Liabilities & Equity	20,217	18,156	15,913	13,974	12,058	10,426
Total Debt	35.66	36.75	43.79	78.41	135.27	114.51
Net Cash (Debt)	6,636	10,351	5,406	9,374	9,035	8,081
Net Cash Growth	222.87%	91.49%	-42.34%	3.75%	11.80%	5.93%
Net Cash Per Share	14.29	22.32	11.70	20.27	19.57	17.54
Filing Date Shares Outstanding	463.11	463.18	461.9	461.72	461.22	461
Total Common Shares Outstanding	463.11	463.18	461.9	461.72	461.22	461
Working Capital	8,008	7,265	2,642	6,993	7,025	6,426
Book Value Per Share	32.67	27.75	24.58	21.55	18.92	16.75
Tangible Book Value	14,876	12,596	11,092	9,677	8,437	7,417
Tangible Book Value Per Share	32.12	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.