HKG:0686 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	6,131	5,195	6,187	5,247	4,814
Trading Asset Securities	25	31	57	34	35
Accounts Receivable	7,270	8,054	8,218	8,296	7,552
Other Receivables	3,396	1,436	1,682	560	952
Other Current Assets	178	1,886	1,574	4,728	2,318
Total Current Assets	17,000	16,602	17,718	18,865	15,671
Property, Plant & Equipment	80,114	78,607	66,616	34,054	27,255
Goodwill	-	297	297	297	103
Other Intangible Assets	1,182	893	869	869	869
Long-Term Investments	2,161	1,898	1,020	736	279
Long-Term Deferred Tax Assets	118	172	70	12	5
Other Long-Term Assets	3,606	4,000	3,446	5,495	1,977
Total Assets	104,181	102,469	90,036	60,328	46,159
Accrued Expenses	-	90	44	35	20
Current Portion of Long-Term Debt	15,981	20,646	21,088	14,205	7,778
Current Unearned Revenue	-	-	-	1	1
Current Portion of Leases	165	126	151	71	38
Other Current Liabilities	7,091	8,114	7,114	4,298	3,486
Total Current Liabilities	23,237	28,976	28,397	18,610	11,323
Long-Term Debt	48,828	47,936	41,961	29,940	24,607
Long-Term Leases	1,619	1,386	1,287	1,068	563
Long-Term Unearned Revenue	-	-	-	26	16
Long-Term Deferred Tax Liabilities	1,062	1,121	1,135	482	366
Other Long-Term Liabilities	363	390	193	19	-
Total Liabilities	75,109	79,809	72,973	50,145	36,875
Common Stock	1,915	1,915	1,921	1,924	1,924
Additional Paid-In Capital	-	-	-	9,128	9,128
Retained Earnings	-	2,237	2,290	-4,839	-5,167
Treasury Stock	-	-69	-14	-6	-
Comprehensive Income & Other	17,727	11,444	5,052	-216	208
Total Common Equity	19,642	15,527	9,249	5,991	6,093
Minority Interest	9,430	7,133	7,814	4,192	3,191
Shareholders' Equity	29,072	22,660	17,063	10,183	9,284
Total Liabilities & Equity	104,181	102,469	90,036	60,328	46,159
Total Debt	66,593	70,094	64,487	45,284	32,986
Net Cash (Debt)	-60,437	-64,868	-58,243	-40,003	-28,137
Net Cash Per Share	-27.50	-29.25	-25.06	-17.84	-12.55
Filing Date Shares Outstanding	2,199	2,199	2,233	2,240	2,243
Total Common Shares Outstanding	2,199	2,199	2,233	2,240	2,243
Working Capital	-6,237	-12,374	-10,679	255	4,348
Book Value Per Share	1.99	2.16	2.58	2.67	2.72
Tangible Book Value	18,460	14,337	8,083	4,825	5,121
Tangible Book Value Per Share	1.45	1.62	2.05	2.15	2.28
Buildings	-	7,046	4,508	227	122
Machinery	-	75,736	52,381	35,312	25,507
Construction In Progress	-	6,185	18,219	3,043	4,944

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