SHA:600027 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	5,782	6,983	6,861	5,455	5,908	6,091
Short-Term Investments	96.55	96.55	58.49	172.9	24.65	73.51
Accounts Receivable	13,399	12,151	15,250	12,548	12,389	9,808
Other Receivables	1,585	1,778	1,048	1,178	1,234	2,142
Inventory	6,386	9,530	10,392	7,686	3,937	8,183
Other Current Assets	1,810	2,173	1,766	1,542	5,737	3,282
Total Current Assets	29,059	32,712	35,375	28,582	29,230	29,579
Property, Plant & Equipment	168,038	169,029	168,668	139,090	148,993	139,848
Goodwill	373.94	373.94	373.94	373.94	1,032	441.21
Other Intangible Assets	8,540	8,613	8,827	7,273	1,940	7,217
Long-Term Investments	50,864	50,505	48,513	44,298	41,852	37,955
Long-Term Loans Receivable	-	-	-	-	231.35	-
Long-Term Deferred Tax Assets	1,116	1,229	1,891	2,510	2,857	2,329
Long-Term Deferred Charges	725.1	688.18	642.98	523.85	-	-
Other Long-Term Assets	1,143	1,082	1,112	385.26	663.99	1,570
Total Assets	259,861	264,231	265,402	223,036	226,801	218,939
Accounts Payable	12,055	8,026	6,758	4,516	16,606	8,120
Accrued Expenses	188.07	1,139	997.11	1,209	1,343	1,751
Short-Term Debt	44,710	41,553	37,670	18,968	27,985	29,668
Current Portion of Long-Term Debt	16,677	23,598	21,663	27,160	12,105	14,295
Current Unearned Revenue	451.75	2,492	2,408	2,158	2,029	1,876
Current Portion of Leases	-	76.6	113.06	24.64	218.4	240.83
Current Income Taxes Payable	1,179	388.33	348.96	178.29	76.95	205.95
Other Current Liabilities	3,070	9,247	10,279	8,984	2,729	9,506
Total Current Liabilities	78,331	86,520	80,238	63,197	63,092	65,663
Long-Term Debt	71,190	70,625	80,574	71,395	84,774	74,194
Long-Term Leases	749.98	64	113.59	46.62	61.49	327.56
Long-Term Unearned Revenue	3,526	3,566	3,797	3,813	4,294	3,855
Pension & Post-Retirement Benefits	-	-	-	-	9.93	-
Long-Term Deferred Tax Liabilities	1,143	1,157	1,039	1,021	1,503	1,059
Other Long-Term Liabilities	216.48	209.53	255.67	183.49	59.73	196.26
Total Liabilities	155,156	162,142	166,017	139,657	153,794	145,294
Common Stock	11,612	11,612	10,228	10,228	9,870	9,870
Additional Paid-In Capital	18,503	18,503	21,370	14,358	-	13,209
Retained Earnings	19,440	17,776	14,079	14,227	12,901	16,050
Comprehensive Income & Other	21,449	21,272	25,323	30,944	38,638	22,788
Total Common Equity	71,004	69,162	70,999	69,756	61,409	61,916
Minority Interest	33,701	32,926	28,385	13,624	11,598	11,729
Shareholders' Equity	104,705	102,088	99,385	83,380	73,006	73,644
Total Liabilities & Equity	259,861	264,231	265,402	223,036	226,801	218,939
Total Debt	133,327	135,917	140,135	117,594	125,144	118,726
Net Cash (Debt)	-127,448	-128,837	-133,216	-111,966	-119,212	-112,562
Net Cash Per Share	-11.06	-11.46	-12.22	-11.15	-12.08	-11.43
Filing Date Shares Outstanding	11,612	11,612	10,228	10,228	9,870	9,870
Total Common Shares Outstanding	11,612	11,612	10,228	10,228	9,870	9,870
Working Capital	-49,271	-53,808	-44,863	-34,615	-33,861	-36,084
Book Value Per Share	4.31	4.15	4.50	3.82	3.84	4.00
Tangible Book Value	62,090	60,175	61,799	62,109	58,437	54,258
Tangible Book Value Per Share	3.54	3.37	3.60	3.08	3.54	3.22
Buildings	-	92,059	91,252	75,088	70,195	69,740
Machinery	-	230,406	224,276	178,708	158,396	159,162
Construction In Progress	-	13,420	9,951	7,353	14,843	15,859

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