SHA:688387 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	-	3,235	3,864	5,399	3,413
Trading Asset Securities	-	1,255	1,302	1,205	-
Cash & Short-Term Investments	3,558	4,490	5,165	6,604	3,413
Cash Growth	-20.76%	-13.08%	-21.78%	93.51%	-7.60%
Accounts Receivable	-	5,508	5,769	4,948	4,547
Other Receivables	-	161.28	195.62	197.84	197.89
Receivables	-	5,669	5,965	5,146	4,745
Inventory	-	1,555	2,106	2,233	1,456
Other Current Assets	-	189.78	153.19	181.26	95.65
Total Current Assets	-	11,904	13,389	14,164	9,709
Property, Plant & Equipment	-	1,218	577.09	591.9	708.54
Long-Term Investments	-	170.1	164.54	161.42	116.11
Other Intangible Assets	-	206.75	142.46	147.82	156.07
Long-Term Accounts Receivable	-	25.16	21.15	2.77	6.87
Long-Term Deferred Tax Assets	-	57.49	65.22	65.83	44.07
Long-Term Deferred Charges	-	66.34	6.66	9.53	12.58
Other Long-Term Assets	-	87.98	71.07	67.25	51.49
Total Assets	-	13,736	14,438	15,210	10,805
Accounts Payable	-	4,783	5,173	5,213	4,795
Accrued Expenses	-	365.79	367.6	379.58	332.56
Short-Term Debt	-	640.35	688.26	880.8	879.07
Current Portion of Long-Term Debt	-	400	390	177.5	1
Current Portion of Leases	-	17.48	57.86	55.9	94.87
Current Income Taxes Payable	-	0.4	1.04	1.14	1.09
Current Unearned Revenue	-	573.83	196.07	137.49	92.34
Other Current Liabilities	-	211.03	175.49	218.14	130.82
Total Current Liabilities	-	6,992	7,049	7,064	6,327
Long-Term Debt	-	-	400	790	497.5
Long-Term Leases	-	13.72	37.38	62.32	127.02
Long-Term Unearned Revenue	-	278.13	210.47	192.92	172.23
Long-Term Deferred Tax Liabilities	-	24.14	32.18	34.06	9.08
Other Long-Term Liabilities	-	34.42	39.2	46.38	40.79
Total Liabilities	-	7,342	7,768	8,190	7,173
Common Stock	-	3,419	3,419	3,419	2,735
Additional Paid-In Capital	-	11,822	11,835	11,837	8,509
Retained Earnings	-	-9,054	-8,776	-8,418	-7,745
Comprehensive Income & Other	-	90.25	79.81	73.59	34.43
Total Common Equity	6,087	6,277	6,558	6,911	3,534
Minority Interest	-	116.75	111.05	109.64	97.09
Shareholders' Equity	6,176	6,394	6,669	7,021	3,631
Total Liabilities & Equity	-	13,736	14,438	15,210	10,805
Total Debt	644.74	1,072	1,573	1,967	1,599
Net Cash (Debt)	2,913	3,418	3,592	4,637	1,813
Net Cash Growth	-14.78%	-4.83%	-22.54%	155.76%	1679.09%
Net Cash Per Share	0.86	0.98	1.01	1.58	0.78
Filing Date Shares Outstanding	3,419	3,419	3,419	3,419	2,735
Total Common Shares Outstanding	3,419	3,419	3,419	3,419	2,735
Working Capital	-	4,912	6,340	7,100	3,382
Book Value Per Share	1.78	1.84	1.92	2.02	1.29
Tangible Book Value	5,899	6,070	6,416	6,763	3,378
Tangible Book Value Per Share	1.73	1.78	1.88	1.98	1.24
Buildings	-	858.74	272.99	279.32	279.54
Machinery	-	1,036	926.21	903.04	909.53
Construction In Progress	-	90.06	15.17	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.