SHA:688165 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	623.58	715.07	787.65	615.24	338.8	424.3
Trading Asset Securities	292.25	115.55	98.38	6.33	435.39	440.96
Cash & Short-Term Investments	915.83	830.62	886.03	621.57	774.19	865.26
Cash Growth	2.89%	-6.25%	42.55%	-19.71%	-10.53%	-16.25%
Accounts Receivable	1,034	1,013	1,214	1,157	1,090	889.97
Other Receivables	63.89	58.65	121.22	130.32	28.75	16.31
Receivables	1,098	1,072	1,335	1,287	1,119	906.29
Inventory	238.25	246.16	260.6	276.17	322.12	251.83
Other Current Assets	82.8	85.88	98.05	92.9	125.3	112.71
Total Current Assets	2,335	2,234	2,580	2,278	2,340	2,136
Property, Plant & Equipment	391.14	338.09	284.38	266.74	287.01	296.33
Long-Term Investments	136.89	136.68	223.49	272.25	96.29	88.29
Goodwill	95.36	99.03	191.02	199.37	259.27	252.25
Other Intangible Assets	103.55	106.87	115.29	130.58	165.55	175.02
Long-Term Accounts Receivable	-	-	-	-	-	0
Long-Term Deferred Tax Assets	294.43	296.52	230.04	175.32	176.33	122.75
Long-Term Deferred Charges	4.12	3.3	1.89	1.59	1.15	0.48
Other Long-Term Assets	14.3	18.75	13.76	15.77	-	6.28
Total Assets	3,374	3,234	3,640	3,340	3,326	3,077
Accounts Payable	469.24	403.93	496.28	417.05	375.76	251.57
Accrued Expenses	86.95	150.7	123.37	137.52	153.84	129.09
Short-Term Debt	113.45	71.95	128.17	356.86	426.83	339.6
Current Portion of Long-Term Debt	351.79	356.75	214.23	100.7	121.9	71.67
Current Portion of Leases	-	10.04	7.56	11.08	9.49	10.68
Current Income Taxes Payable	11.63	5.01	32.62	9.07	1.34	2.35
Current Unearned Revenue	70.04	74.09	96.57	86.9	142.7	67.4
Other Current Liabilities	124.64	114.77	98.72	57.07	78.73	54.92
Total Current Liabilities	1,228	1,187	1,198	1,176	1,311	927.27
Long-Term Debt	638.12	630.71	584.67	185.08	77.77	93.15
Long-Term Leases	9.83	4.55	9.8	12.16	28.09	30.37
Long-Term Unearned Revenue	165.87	114.05	96.01	89.89	78.34	46.97
Pension & Post-Retirement Benefits	-	33.72	31.37	35.41	31.77	43.34
Long-Term Deferred Tax Liabilities	11.64	12.13	29.76	36.38	42.02	43.86
Other Long-Term Liabilities	32.61	-	-	-	-	8.52
Total Liabilities	2,086	1,982	1,949	1,535	1,569	1,193
Common Stock	521.78	521.78	521.78	521.78	521.78	521.78
Additional Paid-In Capital	2,080	2,069	2,051	2,039	2,037	2,032
Retained Earnings	-1,413	-1,403	-906.26	-749.1	-701.66	-528.79
Comprehensive Income & Other	20.46	30.37	-53.95	-12.23	-106.02	-148.6
Total Common Equity	1,209	1,218	1,612	1,799	1,751	1,876
Minority Interest	79.8	33.53	78.12	5.3	6.11	7.71
Shareholders' Equity	1,288	1,251	1,690	1,804	1,757	1,884
Total Liabilities & Equity	3,374	3,234	3,640	3,340	3,326	3,077
Total Debt	1,113	1,074	944.43	665.89	664.08	545.47
Net Cash (Debt)	-197.36	-243.38	-58.4	-44.32	110.11	319.79
Net Cash Growth	-	-	-	-	-65.57%	-48.59%
Net Cash Per Share	-0.38	-0.47	-0.11	-0.08	0.21	0.61
Filing Date Shares Outstanding	489.3	521.78	521.78	521.78	521.78	521.78
Total Common Shares Outstanding	489.3	521.78	521.78	521.78	521.78	521.78
Working Capital	1,107	1,047	1,382	1,102	1,030	1,209
Book Value Per Share	2.47	2.33	3.09	3.45	3.36	3.60
Tangible Book Value	1,010	1,012	1,306	1,469	1,326	1,449
Tangible Book Value Per Share	2.06	1.94	2.50	2.82	2.54	2.78
Land	-	30.31	32.68	34.12	32.64	31.37
Buildings	-	173.06	183.48	184.03	193.76	191.76
Machinery	-	264.85	216.3	183.01	207.53	196.56
Construction In Progress	-	50.33	8.37	7.66	2.18	4.7

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