HKG:0392 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	31,268	30,960	28,858	27,586	27,079
Accounts Receivable	4,978	6,123	6,006	5,996	6,129
Other Receivables	453.09	467.62	512.19	393.15	926.53
Inventory	7,377	6,816	5,150	4,999	5,066
Prepaid Expenses	7,584	5,051	5,314	5,904	3,793
Restricted Cash	39.57	5.36	17.33	144.74	23.81
Other Current Assets	302.17	304.15	303.49	418.25	5.49
Total Current Assets	52,001	49,727	46,161	45,441	43,022
Property, Plant & Equipment	65,055	63,154	62,252	58,157	51,410
Goodwill	15,270	14,668	14,841	14,304	13,241
Other Intangible Assets	7,561	7,608	7,762	7,562	6,909
Long-Term Investments	62,593	62,167	60,975	61,697	58,747
Long-Term Deferred Tax Assets	1,420	1,965	2,033	1,571	1,713
Long-Term Accounts Receivable	3,116	3,223	3,201	3,338	3,197
Other Long-Term Assets	7,845	7,239	7,228	2,474	3,287
Total Assets	214,861	209,752	204,455	194,543	181,527
Accounts Payable	4,269	4,572	5,592	5,799	4,212
Accrued Expenses	370.11	2,483	2,495	2,046	2,065
Current Portion of Long-Term Debt	33,093	35,991	34,403	21,660	21,469
Current Unearned Revenue	-	10,230	9,237	8,819	10,376
Current Portion of Leases	220.72	249.72	180.59	318.57	298.27
Current Income Taxes Payable	590.81	636.82	1,020	902.71	1,018
Other Current Liabilities	19,815	7,654	9,296	11,279	9,284
Total Current Liabilities	58,359	61,816	62,224	50,825	48,722
Long-Term Debt	45,853	42,915	41,842	46,445	37,192
Long-Term Leases	459.51	353.39	449.24	425.72	482.42
Long-Term Unearned Revenue	-	1,403	1,418	1,513	1,452
Pension & Post-Retirement Benefits	2,205	2,302	2,380	1,976	2,328
Long-Term Deferred Tax Liabilities	2,156	2,108	2,144	2,092	2,034
Other Long-Term Liabilities	3,094	1,240	947.59	592.37	462.59
Total Liabilities	112,126	112,137	111,405	103,869	92,673
Common Stock	28,340	28,340	28,340	28,340	24,768
Retained Earnings	-	64,140	60,724	56,498	48,928
Comprehensive Income & Other	60,702	-7,599	-8,067	-5,708	4,494
Total Common Equity	89,042	84,881	80,998	79,130	78,190
Minority Interest	13,693	12,734	12,052	11,544	10,663
Shareholders' Equity	102,735	97,615	93,049	90,674	88,854
Total Liabilities & Equity	214,861	209,752	204,455	194,543	181,527
Total Debt	79,626	79,509	76,875	68,849	59,441
Net Cash (Debt)	-48,359	-48,549	-48,017	-41,263	-32,363
Net Cash Per Share	-38.44	-38.57	-38.10	-32.71	-25.64
Filing Date Shares Outstanding	1,258	1,258	1,260	1,260	1,262
Total Common Shares Outstanding	1,258	1,258	1,260	1,260	1,262
Working Capital	-6,359	-12,089	-16,063	-5,384	-5,699
Book Value Per Share	70.78	67.47	64.27	62.79	61.95
Tangible Book Value	66,210	62,605	58,394	57,264	58,040
Tangible Book Value Per Share	52.63	49.77	46.34	45.44	45.99
Buildings	-	17,813	17,481	14,423	14,209
Machinery	-	50,416	47,853	40,691	38,932
Construction In Progress	-	12,373	12,959	15,976	9,667

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