SHA:600396 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	495.08	590.61	500.5	746.29	1,084	1,004
Accounts Receivable	1,121	1,171	1,023	1,331	1,399	1,361
Other Receivables	27.94	124.56	124.87	10.36	5.87	136.11
Inventory	85.63	146.54	147.4	373.14	863.15	273.94
Prepaid Expenses	-	3.69	2.74	-	-	-
Other Current Assets	285.75	62.35	110.57	337.78	348.79	122.98
Total Current Assets	2,015	2,098	1,909	2,799	3,702	2,898
Property, Plant & Equipment	10,814	10,771	10,946	14,999	16,165	16,511
Other Intangible Assets	232.77	241.54	222.03	244.97	249.92	260.41
Long-Term Investments	574.14	603.11	547.21	506.43	428.24	385.49
Long-Term Deferred Tax Assets	154.5	176	126.26	140.9	161.08	108.07
Long-Term Deferred Charges	7.12	7.61	0.86	5.67	13.42	22.04
Other Long-Term Assets	235.58	202.42	126.83	176.34	226.64	270.43
Total Assets	14,033	14,100	13,878	18,872	20,946	20,455
Accounts Payable	505.05	185.18	320.66	1,301	1,664	756.12
Accrued Expenses	18.24	67.06	52.9	139.86	138.97	139
Short-Term Debt	2,990	3,354	5,185	8,773	8,984	7,040
Current Portion of Long-Term Debt	749.53	1,026	1,526	2,401	1,546	-
Current Unearned Revenue	95.44	387.4	391.61	394.31	434.6	442.44
Current Portion of Leases	-	0.58	1.12	32.71	10.88	-
Current Income Taxes Payable	46.59	7.53	9.23	6.24	2.78	2.78
Other Current Liabilities	421.52	501.29	406.75	573.1	851.6	2,475
Total Current Liabilities	4,827	5,529	7,894	13,621	13,633	10,855
Long-Term Debt	4,681	3,487	3,794	5,323	5,526	5,138
Long-Term Leases	0.19	764.53	1,218	1,774	1,202	-
Long-Term Unearned Revenue	45.73	48.34	49.72	63.92	72.22	79.77
Pension & Post-Retirement Benefits	-	-	-	72.7	77.8	77.1
Long-Term Deferred Tax Liabilities	17.8	18.07	19.4	32.18	35.04	35.99
Other Long-Term Liabilities	58.56	57.14	74.13	99.7	123.67	1,857
Total Liabilities	9,630	9,904	13,049	20,987	20,670	18,043
Common Stock	1,473	1,473	1,473	1,473	1,473	1,473
Additional Paid-In Capital	2,274	2,273	1,380	1,370	1,356	1,349
Retained Earnings	-2,417	-2,420	-2,505	-4,638	-2,620	-700.03
Comprehensive Income & Other	20.54	3.67	2.02	-1.91	-9.07	-5.85
Total Common Equity	1,351	1,330	349.87	-1,797	199.68	2,116
Minority Interest	3,052	2,867	479.23	-316.8	76.25	295.49
Shareholders' Equity	4,403	4,196	829.1	-2,114	275.93	2,411
Total Liabilities & Equity	14,033	14,100	13,878	18,872	20,946	20,455
Total Debt	8,421	8,632	11,725	18,304	17,270	12,178
Net Cash (Debt)	-7,926	-8,042	-11,224	-17,558	-16,185	-11,174
Net Cash Per Share	-5.47	-5.46	-7.62	-11.92	-10.99	-7.59
Filing Date Shares Outstanding	1,473	1,473	1,473	1,473	1,473	1,473
Total Common Shares Outstanding	1,473	1,473	1,473	1,473	1,473	1,473
Working Capital	-2,811	-3,431	-5,984	-10,823	-9,931	-7,958
Book Value Per Share	0.92	0.90	0.24	-1.22	0.14	1.44
Tangible Book Value	1,118	1,088	127.84	-2,042	-50.24	1,856
Tangible Book Value Per Share	0.76	0.74	0.09	-1.39	-0.03	1.26
Buildings	-	3,678	3,620	7,083	7,048	6,983
Machinery	-	12,784	12,623	22,414	22,675	22,255
Construction In Progress	-	555.74	357.64	97.94	225.54	87.57

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.