SHA:600168 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	839.61	1,592	1,421	1,220	1,368	1,501
Accounts Receivable	6,792	5,779	4,846	4,649	3,812	2,090
Other Receivables	502.17	765.04	1,038	445.6	585.13	88.91
Inventory	5.78	43.63	21.99	9.66	8.96	3.92
Other Current Assets	473.35	499.33	459.58	275.58	264.75	152.37
Total Current Assets	8,613	8,679	7,787	6,600	6,039	3,836
Property, Plant & Equipment	12,035	12,347	12,142	11,155	10,674	10,484
Other Intangible Assets	1,876	1,897	1,955	2,003	2,049	1,645
Long-Term Investments	511.73	483.24	418.35	373.68	355.95	281.6
Long-Term Deferred Tax Assets	190.23	164.57	151.99	129.25	106.25	33.59
Long-Term Deferred Charges	2.74	3.31	3.4	1.37	1.23	0.13
Long-Term Accounts Receivable	-	748.53	-	-	-	-
Other Long-Term Assets	1,210	51.29	55.34	138.54	481.98	48.27
Total Assets	24,439	24,374	22,513	20,401	19,707	16,329
Accounts Payable	2,594	2,769	2,803	2,586	2,793	2,077
Accrued Expenses	93.88	167.86	157.42	166.18	185.25	166.28
Short-Term Debt	4,720	4,242	3,790	2,410	1,548	1,473
Current Portion of Long-Term Debt	1,869	3,533	1,393	1,049	542.75	609.9
Current Unearned Revenue	200.63	241.04	234.81	203.98	135.28	0.24
Current Portion of Leases	-	4.71	6.91	6	4.2	-
Current Income Taxes Payable	59.48	2.17	2.71	3.04	81.59	18.61
Other Current Liabilities	196.57	241.94	286.84	338.64	339	367.59
Total Current Liabilities	9,734	11,201	8,674	6,762	5,629	4,713
Long-Term Debt	8,032	7,559	8,299	8,253	7,786	5,943
Long-Term Leases	13.4	13.24	17.94	23.31	22.72	-
Long-Term Unearned Revenue	26.95	25.28	13.56	14.02	11.86	12.18
Long-Term Deferred Tax Liabilities	12.78	13.51	14.97	15.8	9.04	20.89
Other Long-Term Liabilities	33.93	30.36	24.84	18.74	13.38	21.51
Total Liabilities	17,853	18,843	17,045	15,088	13,473	10,710
Common Stock	993.4	993.4	709.57	709.57	709.57	709.57
Additional Paid-In Capital	599.81	599.81	860.87	860.27	1,660	1,513
Retained Earnings	3,748	3,692	3,648	3,503	3,619	3,101
Comprehensive Income & Other	1,024	25.36	25.36	18.48	16.19	51.34
Total Common Equity	6,365	5,311	5,244	5,091	6,005	5,375
Minority Interest	220.81	220.94	224.53	222.05	229.49	243.99
Shareholders' Equity	6,586	5,532	5,468	5,313	6,234	5,619
Total Liabilities & Equity	24,439	24,374	22,513	20,401	19,707	16,329
Total Debt	14,634	15,352	13,507	11,741	9,904	8,025
Net Cash (Debt)	-13,795	-13,759	-12,086	-10,521	-8,536	-6,524
Net Cash Per Share	-14.09	-14.04	-12.53	-10.37	-8.65	-6.57
Filing Date Shares Outstanding	993.4	993.4	993.4	993.4	993.4	993.4
Total Common Shares Outstanding	993.4	993.4	993.4	993.4	993.4	993.4
Working Capital	-1,121	-2,522	-887.53	-162.18	409.51	-876.96
Book Value Per Share	5.40	5.35	5.28	5.13	6.04	5.41
Tangible Book Value	4,489	3,413	3,289	3,089	3,956	3,730
Tangible Book Value Per Share	3.51	3.44	3.31	3.11	3.98	3.75
Buildings	-	9,557	9,312	8,466	8,447	7,547
Machinery	-	3,249	3,098	2,714	3,242	3,164
Construction In Progress	-	70.27	456.13	1,689	859.15	1,604

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