HKG:2281 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	605.99	447.18	390.51	609.76	871.74
Accounts Receivable	752.33	697.66	564.51	528.13	488.76
Other Receivables	43.07	71.98	126.2	135.17	148.15
Inventory	72.59	69.74	74.1	89.48	53.73
Prepaid Expenses	-	0.3	0.04	0.24	0.04
Other Current Assets	149.89	157.41	149.17	126.4	94.17
Total Current Assets	1,624	1,444	1,305	1,489	1,657
Property, Plant & Equipment	3,784	3,973	3,908	3,737	3,645
Goodwill	28.14	28.14	28.14	28.14	28.14
Other Intangible Assets	1,543	1,512	1,538	1,397	1,388
Long-Term Investments	0.08	0.06	0.06	55.89	55.3
Long-Term Deferred Tax Assets	29.06	22.29	16.71	15.02	6.81
Long-Term Deferred Charges	149.59	161.38	184.42	210.24	238.12
Long-Term Accounts Receivable	-	-	0.81	5.92	5.59
Other Long-Term Assets	44.22	46.48	74.25	202.93	50.37
Total Assets	7,202	7,188	7,055	7,141	7,073
Accounts Payable	387.07	430.25	417.14	376.12	539.84
Accrued Expenses	53.64	139.91	127.17	117.6	61.89
Short-Term Debt	483.26	119.37	60.06	160.13	239.28
Current Portion of Long-Term Debt	-	504.33	568.77	200.73	886.28
Current Unearned Revenue	196.27	173.44	177.21	224.42	194.03
Current Portion of Leases	-	-	0.84	15.98	41.11
Current Income Taxes Payable	24.4	8.12	13.74	11.35	12.2
Other Current Liabilities	625.88	145.81	135.73	166.49	181.5
Total Current Liabilities	1,771	1,521	1,501	1,273	2,156
Long-Term Debt	2,047	2,321	2,316	2,735	1,926
Long-Term Leases	0.04	-	0	3.33	20.57
Long-Term Unearned Revenue	157.99	185	212.34	243.13	268.56
Long-Term Deferred Tax Liabilities	4.53	4.91	5.25	5.58	5.92
Other Long-Term Liabilities	7.83	7.42	8.1	39.46	34.97
Total Liabilities	3,988	4,040	4,042	4,300	4,412
Common Stock	859.71	859.71	859.71	859.71	859.71
Additional Paid-In Capital	-	418.17	418.17	418.17	418.17
Retained Earnings	1,715	1,640	1,506	1,339	1,179
Comprehensive Income & Other	427.55	11.04	14.48	18.98	19.22
Total Common Equity	3,002	2,929	2,799	2,636	2,476
Minority Interest	211.25	219.12	214.08	204.89	184.89
Shareholders' Equity	3,214	3,148	3,013	2,841	2,661
Total Liabilities & Equity	7,202	7,188	7,055	7,141	7,073
Total Debt	2,531	2,945	2,945	3,115	3,113
Net Cash (Debt)	-1,925	-2,498	-2,555	-2,506	-2,242
Net Cash Per Share	-2.29	-2.96	-2.92	-2.96	-2.59
Filing Date Shares Outstanding	794.19	859.71	859.71	859.71	859.71
Total Common Shares Outstanding	794.19	859.71	859.71	859.71	859.71
Working Capital	-146.64	-76.96	-196.14	216.35	-499.54
Book Value Per Share	3.78	3.41	3.26	3.07	2.88
Tangible Book Value	1,431	1,389	1,233	1,211	1,060
Tangible Book Value Per Share	1.80	1.62	1.43	1.41	1.23
Buildings	-	2,642	2,046	1,949	1,795
Machinery	-	1,297	1,248	1,307	1,195
Construction In Progress	-	235.08	573.72	354.63	318

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.