SHA:600236 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	1,746	965.67	740.42	597.21	1,562	1,884
Accounts Receivable	2,408	2,078	1,627	1,416	1,455	1,312
Other Receivables	50.34	74.52	69.58	42.53	52.92	33.21
Inventory	229.67	475.36	244.13	190.16	241.57	164.59
Prepaid Expenses	-	4.93	3.45	0.96	0.86	0.74
Other Current Assets	716.2	775.6	709.34	715.32	432.4	323.6
Total Current Assets	5,150	4,374	3,394	2,962	3,745	3,718
Property, Plant & Equipment	40,855	41,139	40,060	38,536	38,308	38,156
Goodwill	288.64	288.64	288.64	288.64	288.64	288.64
Other Intangible Assets	699.16	685.22	669.59	674.5	687.98	701.22
Long-Term Investments	1,580	1,532	1,423	1,383	1,315	1,270
Long-Term Deferred Tax Assets	105.86	105.86	66.09	34.76	28.81	35.48
Long-Term Deferred Charges	21.39	18.96	0.04	0.21	0.29	1.14
Other Long-Term Assets	2,512	2,064	1,379	1,362	233.54	609.85
Total Assets	51,213	50,208	47,280	45,242	44,607	44,780
Accounts Payable	1,574	306.95	182.66	186.72	165.33	199.26
Accrued Expenses	24.42	374.23	255.52	263.4	255.18	312.59
Short-Term Debt	10,582	10,408	8,659	4,051	2,779	1,944
Current Portion of Long-Term Debt	2,543	3,043	2,104	4,795	3,235	-
Current Unearned Revenue	5.95	2.02	4.85	74.28	4.66	5.29
Current Portion of Leases	-	338.46	124.91	91.78	37.54	-
Current Income Taxes Payable	697.75	40.5	13.29	20.44	19.43	123.14
Other Current Liabilities	252.31	2,378	1,976	1,915	2,122	3,843
Total Current Liabilities	15,680	16,891	13,320	11,398	8,617	6,428
Long-Term Debt	11,323	10,411	11,958	11,270	15,610	18,453
Long-Term Leases	725.78	413.68	600.44	455.13	401.7	93.23
Long-Term Unearned Revenue	398.51	387.1	155.85	34.18	37.95	44.41
Long-Term Deferred Tax Liabilities	118.97	118.97	92.6	61.74	52.06	50.68
Other Long-Term Liabilities	43.97	45.11	47.53	43.21	34.61	351.51
Total Liabilities	28,290	28,267	26,175	23,262	24,753	25,421
Common Stock	7,882	7,882	7,882	7,882	7,882	7,882
Additional Paid-In Capital	949.54	949.69	950.08	979.96	984.05	1,301
Retained Earnings	8,834	7,403	6,831	7,897	5,954	6,018
Comprehensive Income & Other	2,064	2,662	2,642	2,144	2,125	1,499
Total Common Equity	19,730	18,896	18,306	18,903	16,946	16,701
Minority Interest	3,193	3,044	2,799	3,077	2,908	2,659
Shareholders' Equity	22,922	21,940	21,105	21,980	19,854	19,360
Total Liabilities & Equity	51,213	50,208	47,280	45,242	44,607	44,780
Total Debt	25,174	24,614	23,446	20,663	22,062	20,490
Net Cash (Debt)	-23,428	-23,648	-22,706	-20,066	-20,500	-18,606
Net Cash Per Share	-2.83	-2.87	-2.68	-2.50	-2.47	-2.36
Filing Date Shares Outstanding	7,882	7,882	7,882	7,882	7,882	7,882
Total Common Shares Outstanding	7,882	7,882	7,882	7,882	7,882	7,882
Working Capital	-10,529	-12,517	-9,926	-8,435	-4,872	-2,710
Book Value Per Share	2.26	2.08	2.00	2.14	1.89	1.94
Tangible Book Value	18,742	17,922	17,348	17,940	15,970	15,711
Tangible Book Value Per Share	2.14	1.95	1.88	2.02	1.77	1.82
Buildings	-	45,904	45,340	45,112	45,046	44,760
Machinery	-	33,882	31,561	29,324	28,441	25,061
Construction In Progress	-	3,841	4,159	3,539	2,501	4,774

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