SHA:688425 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	2,217	2,380	2,327	1,087	2,154	2,606
Cash & Short-Term Investments	2,217	2,380	2,327	1,087	2,154	2,606
Cash Growth	-6.66%	2.28%	114.15%	-49.56%	-17.33%	95.65%
Accounts Receivable	9,302	9,008	8,618	9,037	8,189	8,040
Other Receivables	65.25	66.79	45.51	37.85	51.83	43.43
Receivables	9,368	9,075	8,663	9,075	8,241	8,084
Inventory	5,681	5,570	5,327	4,590	4,531	3,484
Other Current Assets	332.82	401.49	191.61	146.98	175.87	162.76
Total Current Assets	17,598	17,426	16,508	14,898	15,101	14,336
Property, Plant & Equipment	6,295	6,471	6,905	7,304	5,585	5,462
Long-Term Investments	2,422	2,369	2,221	2,168	2,010	1,769
Other Intangible Assets	905.2	912.33	936.29	949.08	969.94	990.84
Long-Term Deferred Tax Assets	79.81	86.25	76.39	77.58	85.93	86.98
Long-Term Deferred Charges	3.44	3.44	2.44	-	-	-
Other Long-Term Assets	28.5	28.08	62.2	44.38	34.3	20.98
Total Assets	27,333	27,297	26,712	25,441	23,787	22,666
Accounts Payable	6,169	6,274	5,589	6,071	5,608	5,598
Accrued Expenses	-	104.69	120.12	82.23	55.83	95.67
Short-Term Debt	87.07	5.31	12.17	239.33	-	-
Current Portion of Long-Term Debt	835.37	821	260.4	486.2	155	165
Current Portion of Leases	-	1.89	1.07	2.51	3.27	7.41
Current Income Taxes Payable	21.63	64.66	54.33	5.51	14.21	62.96
Current Unearned Revenue	605.86	751.07	1,302	806.66	1,070	1,060
Other Current Liabilities	278.13	159.23	216.54	57.04	70.61	80.67
Total Current Liabilities	7,997	8,182	7,556	7,751	6,977	7,070
Long-Term Debt	440.3	440.3	1,486	1,013	1,094	1,131
Long-Term Leases	0.82	0.83	0.02	2.79	4.58	4.44
Long-Term Unearned Revenue	28.03	44.04	69.82	86.2	167.24	237.79
Pension & Post-Retirement Benefits	-	-	-	0.05	0.17	0.49
Long-Term Deferred Tax Liabilities	-	-	-	8.51	8.68	-
Other Long-Term Liabilities	16.1	18.4	23	25	27	29
Total Liabilities	8,482	8,686	9,135	8,886	8,279	8,473
Common Stock	5,333	5,333	5,333	5,333	5,333	5,333
Additional Paid-In Capital	4,078	4,078	4,078	4,078	4,078	4,078
Retained Earnings	9,419	9,171	8,141	7,113	6,074	4,753
Comprehensive Income & Other	7.43	7.3	2.77	8.16	-0.21	7.16
Total Common Equity	18,839	18,590	17,556	16,533	15,486	14,172
Minority Interest	11.88	21.35	21.29	21.51	21.14	21.06
Shareholders' Equity	18,850	18,611	17,577	16,555	15,507	14,193
Total Liabilities & Equity	27,333	27,297	26,712	25,441	23,787	22,666
Total Debt	1,364	1,269	1,760	1,744	1,257	1,308
Net Cash (Debt)	853.27	1,111	567.31	-657.32	897.17	1,298
Net Cash Growth	45.21%	95.78%	-	-	-30.89%	-
Net Cash Per Share	0.17	0.21	0.11	-0.12	0.17	0.28
Filing Date Shares Outstanding	4,967	5,333	5,333	5,333	5,333	5,333
Total Common Shares Outstanding	4,967	5,333	5,333	5,333	5,333	5,333
Working Capital	9,601	9,244	8,953	7,147	8,124	7,266
Book Value Per Share	3.79	3.49	3.29	3.10	2.90	2.66
Tangible Book Value	17,933	17,678	16,620	15,584	14,516	13,181
Tangible Book Value Per Share	3.61	3.31	3.12	2.92	2.72	2.47
Buildings	-	2,638	2,397	2,373	6,108	1,931
Machinery	-	7,168	7,098	7,160	1,384	4,818
Construction In Progress	-	46.09	223.73	219.81	297.83	235.52

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