SHA:900925 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	14,372	13,290	12,975	12,193	11,741	11,815
Trading Asset Securities	7.98	7.26	7.11	9.39	8.48	-
Cash & Short-Term Investments	14,380	13,297	12,982	12,203	11,750	11,815
Cash Growth	0.72%	2.43%	6.39%	3.85%	-0.56%	-6.00%
Accounts Receivable	7,139	6,990	6,624	7,311	6,982	6,647
Other Receivables	379.42	380.03	343.9	373.63	310.88	266.48
Receivables	7,518	7,370	6,968	7,685	7,292	6,914
Inventory	4,556	6,073	8,336	8,941	9,382	9,250
Other Current Assets	1,441	1,799	2,414	2,089	2,096	1,701
Total Current Assets	27,894	28,538	30,700	30,918	30,520	29,681
Property, Plant & Equipment	1,538	1,657	1,792	1,900	1,993	2,048
Long-Term Investments	3,741	3,607	3,503	3,529	3,578	3,592
Goodwill	-	-	4.4	4.4	-	-
Other Intangible Assets	274.91	282.45	301.45	327.07	337.95	349.7
Long-Term Accounts Receivable	3.28	9.63	-	0.55	1.37	20.16
Long-Term Deferred Tax Assets	637.87	613.8	588.25	552.79	533.83	397.71
Long-Term Deferred Charges	9.19	6.01	1.95	1.01	1.26	2.82
Other Long-Term Assets	545.18	451.34	325.5	274.06	246.46	80.58
Total Assets	34,644	35,166	37,217	37,507	37,212	36,172
Accounts Payable	5,303	4,477	4,165	4,331	3,994	3,428
Accrued Expenses	1,116	1,786	1,872	1,721	1,689	1,805
Short-Term Debt	14.99	11.89	66	44.2	40.56	39
Current Portion of Leases	28.99	36.16	28.34	33.48	29.67	28.9
Current Income Taxes Payable	125.05	140.83	163.89	133.88	150.25	96.3
Current Unearned Revenue	9,137	11,131	13,618	14,620	15,648	15,293
Other Current Liabilities	1,861	887.47	718.71	639.22	598.38	731.91
Total Current Liabilities	17,586	18,470	20,632	21,522	22,149	21,421
Long-Term Leases	26.81	36.03	38.19	40.48	49.46	31.05
Long-Term Unearned Revenue	158.19	168.21	181.56	206.21	220.36	180.47
Pension & Post-Retirement Benefits	-	31.71	36.41	37.61	44.6	43
Long-Term Deferred Tax Liabilities	81.31	77.24	71.3	66.03	64.7	57.11
Other Long-Term Liabilities	66.51	40.09	48.46	49.55	48.19	52.16
Total Liabilities	17,919	18,823	21,008	21,922	22,576	21,785
Common Stock	1,023	1,023	1,023	1,023	1,023	1,023
Additional Paid-In Capital	1,942	1,942	1,942	1,942	1,942	1,942
Retained Earnings	11,022	10,747	10,497	9,983	9,343	8,956
Comprehensive Income & Other	6.8	5.1	5.15	5.94	6.84	7.89
Total Common Equity	13,994	13,717	13,467	12,954	12,315	11,928
Minority Interest	2,731	2,626	2,742	2,631	2,321	2,459
Shareholders' Equity	16,725	16,342	16,209	15,584	14,636	14,387
Total Liabilities & Equity	34,644	35,166	37,217	37,507	37,212	36,172
Total Debt	70.79	84.07	132.53	118.16	119.69	98.95
Net Cash (Debt)	14,309	13,213	12,850	12,085	11,630	11,716
Net Cash Growth	0.79%	2.83%	6.33%	3.91%	-0.74%	-6.04%
Net Cash Per Share	14.04	12.92	12.56	11.82	11.37	11.46
Filing Date Shares Outstanding	1,023	1,023	1,023	1,023	1,023	1,023
Total Common Shares Outstanding	1,023	1,023	1,023	1,023	1,023	1,023
Working Capital	10,308	10,068	10,068	9,396	8,371	8,259
Book Value Per Share	13.68	13.41	13.17	12.67	12.04	11.66
Tangible Book Value	13,719	13,434	13,161	12,622	11,977	11,579
Tangible Book Value Per Share	13.41	13.14	12.87	12.34	11.71	11.32
Buildings	-	1,723	1,763	1,678	1,722	1,467
Machinery	-	2,626	2,720	2,725	2,622	2,557
Construction In Progress	-	55.49	58.24	43.01	66.58	279.22

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