SHA:600023 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	20,149	16,218	19,364	13,123	10,864	18,567
Trading Asset Securities	144.65	145.18	-	-	284.54	0.01
Accounts Receivable	11,726	13,217	14,704	9,363	9,481	7,109
Other Receivables	478.87	466.58	158.91	167.11	304.65	105.72
Inventory	4,263	5,885	6,538	5,536	4,329	2,734
Prepaid Expenses	-	-	-	0.7	-	-
Other Current Assets	2,850	2,362	1,680	1,555	1,888	1,326
Total Current Assets	39,611	38,294	42,444	29,745	27,152	29,842
Property, Plant & Equipment	62,972	61,406	54,222	48,218	49,510	49,950
Goodwill	745.03	745.03	1,241	-	-	-
Other Intangible Assets	3,064	2,869	2,965	2,439	2,385	2,127
Long-Term Investments	47,834	45,688	40,326	37,554	34,090	31,840
Long-Term Deferred Tax Assets	1,067	956.71	1,337	1,411	1,412	190.76
Long-Term Deferred Charges	488.92	562.83	621.5	687.79	416.93	327.88
Long-Term Accounts Receivable	1,886	1,940	2,056	-	-	-
Other Long-Term Assets	1,516	1,624	2,027	869.54	748.06	234.27
Total Assets	159,182	154,085	147,241	120,924	115,714	114,512
Accounts Payable	10,154	9,153	9,756	8,008	4,423	2,896
Accrued Expenses	662.56	834.23	1,256	671	905.39	1,029
Short-Term Debt	11,035	10,774	10,024	10,615	9,114	4,662
Current Portion of Long-Term Debt	10,260	7,237	5,852	4,255	2,888	3,332
Current Unearned Revenue	271.53	280.08	272.85	100.75	143.28	244.33
Current Portion of Leases	-	605.84	372.64	164.66	159.55	-
Current Income Taxes Payable	849.81	196.58	127.52	139.59	153.69	532.7
Other Current Liabilities	3,707	6,056	4,396	2,593	5,310	4,002
Total Current Liabilities	36,939	35,137	32,057	26,547	23,097	16,698
Long-Term Debt	26,633	27,357	32,026	24,540	18,136	18,663
Long-Term Leases	2,958	2,385	1,106	850.93	960.95	-
Long-Term Unearned Revenue	304.9	259.32	199.49	226.32	257.4	194.88
Long-Term Deferred Tax Liabilities	1,843	1,782	1,496	1,191	1,390	1,425
Other Long-Term Liabilities	1,253	345.27	388.35	79.48	64.63	1,218
Total Liabilities	69,931	67,265	67,274	53,434	43,906	38,198
Common Stock	13,409	13,409	13,409	13,409	13,601	13,601
Additional Paid-In Capital	24,223	24,126	23,910	23,954	24,363	24,309
Retained Earnings	33,903	32,224	27,823	21,303	23,194	26,581
Treasury Stock	-	-	-	-	-339.35	-
Comprehensive Income & Other	3,532	3,556	2,263	2,550	3,133	3,357
Total Common Equity	75,067	73,315	67,405	61,217	63,951	67,849
Minority Interest	14,185	13,505	12,563	6,273	7,858	8,466
Shareholders' Equity	89,251	86,821	79,967	67,490	71,809	76,314
Total Liabilities & Equity	159,182	154,085	147,241	120,924	115,714	114,512
Total Debt	50,885	48,358	49,381	40,426	31,259	26,657
Net Cash (Debt)	-30,591	-31,995	-30,017	-27,302	-20,110	-8,090
Net Cash Per Share	-2.27	-2.39	-2.26	-2.09	-1.44	-0.60
Filing Date Shares Outstanding	13,409	13,409	13,409	13,409	13,510	13,601
Total Common Shares Outstanding	13,409	13,409	13,409	13,409	13,510	13,601
Working Capital	2,671	3,158	10,387	3,198	4,055	13,144
Book Value Per Share	5.60	5.47	5.03	4.57	4.73	4.99
Tangible Book Value	71,258	69,701	63,198	58,777	61,566	65,721
Tangible Book Value Per Share	5.31	5.20	4.71	4.38	4.56	4.83
Buildings	-	33,270	31,789	30,286	29,880	-
Machinery	-	111,073	101,471	92,072	91,567	-
Construction In Progress	-	5,181	6,427	4,967	1,847	-

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