SHA:600008 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	5,175	5,696	6,417	5,338	6,090	8,392
Accounts Receivable	23,389	22,830	19,884	16,625	14,242	8,852
Other Receivables	1,216	1,560	2,312	1,720	1,581	1,208
Inventory	870.04	894.33	1,044	1,280	1,351	1,362
Prepaid Expenses	-	17.11	10.87	12.9	8	37.66
Loans Receivable Current	-	-	-	-	3	-
Other Current Assets	1,305	968.31	2,423	1,151	977.72	2,501
Total Current Assets	31,956	31,966	32,092	26,127	24,252	22,353
Property, Plant & Equipment	7,281	7,325	7,154	8,526	7,493	10,546
Goodwill	364.98	364.98	364.98	1,046	1,046	2,728
Other Intangible Assets	45,059	45,049	46,588	49,223	48,767	48,998
Long-Term Investments	1,565	1,569	1,660	1,768	1,771	1,918
Long-Term Loans Receivable	-	-	-	-	-	3
Long-Term Deferred Tax Assets	643.88	637.51	463.58	326.26	245.09	250.35
Long-Term Deferred Charges	502.09	505.07	315.07	134.17	107.8	93.39
Other Long-Term Assets	21,808	21,711	22,544	22,223	21,212	21,615
Total Assets	109,179	109,129	111,183	109,373	104,895	108,505
Accounts Payable	9,478	2,207	2,079	2,339	2,011	1,260
Accrued Expenses	790.87	760.04	730.13	835.37	983.25	901.02
Short-Term Debt	2,373	4,847	5,886	7,161	3,862	3,648
Current Portion of Long-Term Debt	-	7,912	5,929	3,448	6,622	7,524
Current Unearned Revenue	1,478	1,582	2,535	2,084	1,894	2,164
Current Portion of Leases	-	41.7	28.93	36.74	23.2	77.4
Current Income Taxes Payable	-	417.02	348.96	326.3	352.51	545.37
Other Current Liabilities	12,666	10,624	12,263	12,460	13,201	15,229
Total Current Liabilities	26,786	28,391	29,800	28,690	28,949	31,348
Long-Term Debt	39,281	38,348	39,048	39,278	34,420	35,908
Long-Term Leases	158.44	656.48	772.31	1,290	1,549	1,455
Long-Term Unearned Revenue	1,002	1,113	1,425	818.54	680.95	698.6
Pension & Post-Retirement Benefits	-	-	-	0.14	0.26	0.42
Long-Term Deferred Tax Liabilities	772.31	757.82	670.39	640.24	589.61	661.42
Other Long-Term Liabilities	1,032	312.55	302.84	263.45	204.82	461.98
Total Liabilities	69,031	69,580	72,018	70,981	66,394	70,534
Common Stock	7,341	7,341	7,341	7,341	7,341	7,341
Additional Paid-In Capital	2,968	2,968	2,935	3,635	3,628	3,877
Retained Earnings	10,435	10,005	10,096	7,662	7,298	5,420
Comprehensive Income & Other	10,427	10,426	10,413	10,482	9,058	10,279
Total Common Equity	31,170	30,739	30,784	29,119	27,325	26,916
Minority Interest	8,978	8,809	8,381	9,273	11,176	11,055
Shareholders' Equity	40,148	39,548	39,165	38,392	38,501	37,971
Total Liabilities & Equity	109,179	109,129	111,183	109,373	104,895	108,505
Total Debt	41,813	51,806	51,665	51,214	46,477	48,612
Net Cash (Debt)	-36,637	-46,110	-45,247	-45,876	-40,387	-40,220
Net Cash Per Share	-4.99	-6.28	-6.16	-6.25	-5.50	-5.48
Filing Date Shares Outstanding	7,345	7,341	7,341	7,341	7,341	7,341
Total Common Shares Outstanding	7,345	7,341	7,341	7,341	7,341	7,341
Working Capital	5,169	3,575	2,292	-2,563	-4,697	-8,995
Book Value Per Share	4.24	2.83	2.83	2.60	2.55	2.30
Tangible Book Value	-14,254	-14,675	-16,169	-21,150	-22,488	-24,810
Tangible Book Value Per Share	-1.94	-3.36	-3.57	-4.24	-4.24	-4.74
Buildings	-	4,912	4,529	4,536	4,131	4,656
Machinery	-	3,579	3,334	3,796	3,616	5,212
Construction In Progress	-	394.8	542.39	1,812	1,045	1,462

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