Shanghai Electric Power 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	9,710	9,974	5,911	6,772	7,584	5,889
Short-Term Investments	-	-	-	-	-	220
Trading Asset Securities	-	102.56	183.09	195.04	248.06	-
Accounts Receivable	29,447	28,235	26,022	20,087	15,649	14,468
Other Receivables	1,610	1,733	1,320	1,258	1,352	1,042
Inventory	1,078	917.49	1,048	1,029	1,245	1,296
Prepaid Expenses	-	139.55	1.08	144.2	136.82	72.58
Other Current Assets	3,262	2,285	3,360	2,321	2,103	2,453
Total Current Assets	45,106	43,387	37,845	31,806	28,317	25,440
Property, Plant & Equipment	124,980	123,416	116,597	105,960	106,057	103,955
Goodwill	5.41	5.86	5.51	5.67	5.46	5.37
Other Intangible Assets	7,903	8,397	8,109	6,898	5,844	5,285
Long-Term Investments	20,678	20,336	20,045	19,181	17,156	16,273
Long-Term Deferred Tax Assets	316.97	319.97	300.13	277.79	205.87	250.07
Long-Term Deferred Charges	1,032	1,037	624.3	632.23	115.99	227.06
Other Long-Term Assets	10,060	9,723	5,852	3,812	4,276	5,506
Total Assets	210,081	206,622	189,378	168,572	161,978	156,942
Accounts Payable	10,602	9,500	9,783	7,786	9,104	11,840
Accrued Expenses	248.93	515.6	477.16	693.16	6,984	434.78
Short-Term Debt	38,057	37,595	31,847	26,777	21,791	31,960
Current Portion of Long-Term Debt	6,807	6,484	20,859	8,208	156.71	5,283
Current Unearned Revenue	90.95	52.24	89.97	88.88	89.1	90.39
Current Portion of Leases	-	696.57	940.45	254.22	216.24	135.57
Current Income Taxes Payable	489.75	264.03	210.07	118.35	265.64	249.65
Other Current Liabilities	3,521	4,271	4,713	3,904	4,469	3,744
Total Current Liabilities	59,816	59,379	68,919	47,829	43,076	53,737
Long-Term Debt	71,174	68,504	51,267	55,056	58,776	47,975
Long-Term Leases	11,613	12,251	12,974	12,625	13,524	14,929
Long-Term Unearned Revenue	1,068	1,088	1,046	1,051	1,073	1,124
Long-Term Deferred Tax Liabilities	651.55	672.33	687.12	502.99	387.32	333.42
Other Long-Term Liabilities	1,198	1,326	1,264	948.57	842.27	801.87
Total Liabilities	145,521	143,220	136,157	118,012	117,678	118,901
Common Stock	2,821	2,821	2,817	2,817	2,817	2,617
Additional Paid-In Capital	8,034	8,036	8,411	8,271	7,857	6,629
Retained Earnings	10,556	9,989	8,318	7,144	5,807	5,592
Comprehensive Income & Other	13,088	13,227	9,532	9,549	5,011	2,889
Total Common Equity	34,500	34,074	29,078	27,780	21,492	17,726
Minority Interest	30,060	29,327	24,143	22,780	22,809	20,315
Shareholders' Equity	64,560	63,401	53,221	50,560	44,300	38,040
Total Liabilities & Equity	210,081	206,622	189,378	168,572	161,978	156,942
Total Debt	127,651	125,531	117,887	102,920	94,464	100,282
Net Cash (Debt)	-117,941	-115,454	-111,793	-95,953	-86,632	-94,174
Net Cash Per Share	-42.91	-40.96	-33.72	-29.85	-19.00	-33.60
Filing Date Shares Outstanding	2,821	2,821	2,817	2,817	2,817	2,617
Total Common Shares Outstanding	2,821	2,821	2,817	2,817	2,817	2,617
Working Capital	-14,710	-15,993	-31,074	-16,024	-14,758	-28,297
Book Value Per Share	7.37	7.22	6.88	6.42	5.79	5.55
Tangible Book Value	26,591	25,671	20,963	20,876	15,642	12,436
Tangible Book Value Per Share	4.57	4.24	4.00	3.97	3.72	3.53
Buildings	-	19,446	19,087	17,859	16,810	14,001
Machinery	-	140,616	132,300	122,826	116,681	101,461
Construction In Progress	-	18,169	13,797	7,265	8,904	19,399

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