SHA:600168 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	1,192	1,100	1,592	1,421	1,220	1,368
Accounts Receivable	7,325	6,993	5,779	4,846	4,649	3,812
Other Receivables	534.39	541.44	765.04	1,038	445.6	585.13
Inventory	16.08	17.12	43.63	21.99	9.66	8.96
Other Current Assets	461.27	480.48	499.33	459.58	275.58	264.75
Total Current Assets	9,529	9,132	8,679	7,787	6,600	6,039
Property, Plant & Equipment	11,813	11,932	12,347	12,142	11,155	10,674
Other Intangible Assets	1,831	1,846	1,897	1,955	2,003	2,049
Long-Term Investments	530.78	519.98	483.24	418.35	373.68	355.95
Long-Term Deferred Tax Assets	191.59	188.66	164.57	151.99	129.25	106.25
Long-Term Deferred Charges	2.44	2.59	3.31	3.4	1.37	1.23
Long-Term Accounts Receivable	-	1,329	748.53	-	-	-
Other Long-Term Assets	1,448	76.63	51.29	55.34	138.54	481.98
Total Assets	25,345	25,026	24,374	22,513	20,401	19,707
Accounts Payable	2,542	2,815	2,769	2,803	2,586	2,793
Accrued Expenses	114.56	183.88	167.86	157.42	166.18	185.25
Short-Term Debt	5,658	5,053	4,242	3,790	2,410	1,548
Current Portion of Long-Term Debt	1,228	1,427	3,533	1,393	1,049	542.75
Current Unearned Revenue	188.42	198.44	241.04	234.81	203.98	135.28
Current Portion of Leases	-	6.44	4.71	6.91	6	4.2
Current Income Taxes Payable	67.32	20.84	2.17	2.71	3.04	81.59
Other Current Liabilities	178.44	213.66	241.94	286.84	338.64	339
Total Current Liabilities	9,977	9,918	11,201	8,674	6,762	5,629
Long-Term Debt	7,497	7,423	7,559	8,299	8,253	7,786
Long-Term Leases	10.7	9.55	13.24	17.94	23.31	22.72
Long-Term Unearned Revenue	26.78	26.87	25.28	13.56	14.02	11.86
Long-Term Deferred Tax Liabilities	21.33	18.89	13.51	14.97	15.8	9.04
Other Long-Term Liabilities	180.27	36.56	30.36	24.84	18.74	13.38
Total Liabilities	17,713	17,434	18,843	17,045	15,088	13,473
Common Stock	993.4	993.4	993.4	709.57	709.57	709.57
Additional Paid-In Capital	599.81	599.81	599.81	860.87	860.27	1,660
Retained Earnings	3,799	3,758	3,692	3,648	3,503	3,619
Comprehensive Income & Other	2,023	2,023	25.36	25.36	18.48	16.19
Total Common Equity	7,416	7,375	5,311	5,244	5,091	6,005
Minority Interest	216.52	217.52	220.94	224.53	222.05	229.49
Shareholders' Equity	7,632	7,592	5,532	5,468	5,313	6,234
Total Liabilities & Equity	25,345	25,026	24,374	22,513	20,401	19,707
Total Debt	14,394	13,919	15,352	13,507	11,741	9,904
Net Cash (Debt)	-13,202	-12,819	-13,759	-12,086	-10,521	-8,536
Net Cash Per Share	-10.60	-11.04	-14.04	-12.53	-10.37	-8.65
Filing Date Shares Outstanding	1,377	993.4	993.4	993.4	993.4	993.4
Total Common Shares Outstanding	1,377	993.4	993.4	993.4	993.4	993.4
Working Capital	-447.83	-786.7	-2,522	-887.53	-162.18	409.51
Book Value Per Share	5.39	5.41	5.35	5.28	5.13	6.04
Tangible Book Value	5,585	5,529	3,413	3,289	3,089	3,956
Tangible Book Value Per Share	4.06	3.55	3.44	3.31	3.11	3.98
Buildings	-	9,662	9,557	9,312	8,466	8,447
Machinery	-	3,238	3,249	3,098	2,714	3,242
Construction In Progress	-	240.22	70.27	456.13	1,689	859.15

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