SHA:600236 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	2,070	1,875	965.67	740.42	597.21	1,562
Accounts Receivable	2,297	2,231	2,078	1,627	1,416	1,455
Other Receivables	62.62	60.1	74.52	69.58	42.53	52.92
Inventory	186.45	188.59	475.36	244.13	190.16	241.57
Prepaid Expenses	-	1.66	4.93	3.45	0.96	0.86
Other Current Assets	872.15	867.26	775.6	709.34	715.32	432.4
Total Current Assets	5,489	5,224	4,374	3,394	2,962	3,745
Property, Plant & Equipment	42,641	43,088	41,139	40,060	38,536	38,308
Goodwill	288.64	288.64	288.64	288.64	288.64	288.64
Other Intangible Assets	746.67	756.03	685.22	669.59	674.5	687.98
Long-Term Investments	3,315	1,618	1,532	1,423	1,383	1,315
Long-Term Deferred Tax Assets	104.16	104.16	105.86	66.09	34.76	28.81
Long-Term Deferred Charges	44.52	43.76	18.96	0.04	0.21	0.29
Other Long-Term Assets	1,463	1,445	2,064	1,379	1,362	233.54
Total Assets	54,092	52,567	50,208	47,280	45,242	44,607
Accounts Payable	1,940	284.94	306.95	182.66	186.72	165.33
Accrued Expenses	89.43	473.5	374.23	255.52	263.4	255.18
Short-Term Debt	7,348	8,889	10,408	8,659	4,051	2,779
Current Portion of Long-Term Debt	1,178	1,405	3,043	2,104	4,795	3,235
Current Unearned Revenue	6.75	12.11	2.02	4.85	74.28	4.66
Current Portion of Leases	-	9.59	338.46	124.91	91.78	37.54
Current Income Taxes Payable	686.81	182.7	40.5	13.29	20.44	19.43
Other Current Liabilities	619.32	2,123	2,378	1,976	1,915	2,122
Total Current Liabilities	11,869	13,380	16,891	13,320	11,398	8,617
Long-Term Debt	15,823	13,784	10,411	11,958	11,270	15,610
Long-Term Leases	779.24	782.98	413.68	600.44	455.13	401.7
Long-Term Unearned Revenue	385.4	386.31	387.1	155.85	34.18	37.95
Long-Term Deferred Tax Liabilities	124.77	124.77	118.97	92.6	61.74	52.06
Other Long-Term Liabilities	45.78	42.53	45.11	47.53	43.21	34.61
Total Liabilities	29,028	28,501	28,267	26,175	23,262	24,753
Common Stock	7,882	7,882	7,882	7,882	7,882	7,882
Additional Paid-In Capital	949.43	949.43	949.69	950.08	979.96	984.05
Retained Earnings	10,131	9,285	7,403	6,831	7,897	5,954
Comprehensive Income & Other	2,683	2,651	2,662	2,642	2,144	2,125
Total Common Equity	21,646	20,767	18,896	18,306	18,903	16,946
Minority Interest	3,419	3,299	3,044	2,799	3,077	2,908
Shareholders' Equity	25,064	24,067	21,940	21,105	21,980	19,854
Total Liabilities & Equity	54,092	52,567	50,208	47,280	45,242	44,607
Total Debt	25,129	24,870	24,614	23,446	20,663	22,062
Net Cash (Debt)	-23,058	-22,995	-23,648	-22,706	-20,066	-20,500
Net Cash Per Share	-2.88	-2.87	-2.87	-2.68	-2.50	-2.47
Filing Date Shares Outstanding	8,007	7,882	7,882	7,882	7,882	7,882
Total Common Shares Outstanding	8,007	7,882	7,882	7,882	7,882	7,882
Working Capital	-6,380	-8,156	-12,517	-9,926	-8,435	-4,872
Book Value Per Share	2.70	2.32	2.08	2.00	2.14	1.89
Tangible Book Value	20,610	19,723	17,922	17,348	17,940	15,970
Tangible Book Value Per Share	2.57	2.18	1.95	1.88	2.02	1.77
Buildings	-	46,170	45,904	45,340	45,112	45,046
Machinery	-	35,591	33,882	31,561	29,324	28,441
Construction In Progress	-	5,575	3,841	4,159	3,539	2,501

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