HKG:2380 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	6,378	6,074	5,739	4,228	1,767
Short-Term Investments	69.85	4,140	3,601	2,443	1,564
Accounts Receivable	39,937	35,481	29,346	18,733	10,898
Other Receivables	149.41	83.77	69.47	70.74	103.93
Inventory	1,725	1,403	2,380	1,091	1,469
Prepaid Expenses	9,224	2,865	3,302	3,347	1,368
Other Current Assets	147.24	1,593	1,204	972.47	1,400
Total Current Assets	57,630	51,638	45,642	30,886	18,570
Property, Plant & Equipment	250,210	236,646	211,050	149,200	135,339
Goodwill	1,256	1,241	1,241	832.39	1,083
Other Intangible Assets	14,948	14,961	16,135	8,286	934.8
Long-Term Investments	23,001	16,081	15,022	10,788	10,191
Long-Term Loans Receivable	-	-	-	600	100
Long-Term Deferred Tax Assets	1,396	1,138	1,096	288.3	714.35
Long-Term Accounts Receivable	7,244	5,887	2,965	2,402	1,225
Other Long-Term Assets	11,871	12,863	12,655	8,122	7,087
Total Assets	367,556	340,456	305,807	211,405	175,246
Accounts Payable	3,638	5,448	7,656	4,693	2,796
Accrued Expenses	-	2,536	8,257	1,478	1,599
Short-Term Debt	16,185	29,669	19,149	15,182	15,755
Current Portion of Long-Term Debt	42,431	32,124	18,092	8,385	16,992
Current Portion of Leases	621.84	622.1	734.02	517.01	417.92
Current Income Taxes Payable	706.17	537.68	496.35	370.4	223.03
Other Current Liabilities	28,630	22,245	20,787	15,299	7,754
Total Current Liabilities	92,211	93,182	75,171	45,925	45,536
Long-Term Debt	146,738	130,708	127,448	89,439	69,688
Long-Term Leases	4,355	4,344	3,399	3,190	3,174
Long-Term Unearned Revenue	419.9	100.25	58.11	35.63	33.39
Long-Term Deferred Tax Liabilities	3,892	2,784	2,850	2,275	2,380
Other Long-Term Liabilities	1,909	1,805	1,861	1,950	2,057
Total Liabilities	249,524	232,923	210,786	142,815	122,869
Common Stock	24,509	24,509	24,509	24,509	20,418
Retained Earnings	-	11,542	10,664	9,491	7,536
Comprehensive Income & Other	34,129	18,847	18,466	12,969	8,099
Total Common Equity	58,638	54,897	53,640	46,969	36,052
Minority Interest	59,394	52,635	41,381	21,621	16,324
Shareholders' Equity	118,032	107,532	95,021	68,590	52,377
Total Liabilities & Equity	367,556	340,456	305,807	211,405	175,246
Total Debt	210,330	197,467	168,821	116,713	106,028
Net Cash (Debt)	-203,882	-187,254	-159,482	-110,042	-102,696
Net Cash Per Share	-16.48	-15.14	-12.89	-9.87	-10.40
Filing Date Shares Outstanding	12,370	12,370	12,370	12,370	10,833
Total Common Shares Outstanding	12,370	12,370	12,370	12,370	10,833
Working Capital	-34,580	-41,544	-29,528	-15,039	-26,965
Book Value Per Share	4.74	4.44	4.34	3.80	3.33
Tangible Book Value	42,435	38,696	36,264	37,850	34,034
Tangible Book Value Per Share	3.43	3.13	2.93	3.06	3.14
Buildings	-	32,901	31,979	27,820	29,360
Machinery	-	209,795	179,265	119,823	100,744
Construction In Progress	-	13,021	11,871	6,698	14,207

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