SHA:600452 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	2,926	2,751	2,274	2,212	1,183	700.42
Accounts Receivable	669.44	541.91	860.98	874.69	582.37	290.19
Other Receivables	3.77	5.3	13.63	4.01	5.06	4.21
Inventory	3.15	1.34	1.1	1.09	1.1	0.31
Other Current Assets	2.39	19.21	20.27	0.83	8.46	102.73
Total Current Assets	3,604	3,319	3,170	3,093	1,780	1,098
Property, Plant & Equipment	2,577	2,964	3,267	3,634	4,250	4,651
Other Intangible Assets	38.9	40.89	43.4	44.15	44.84	46.16
Long-Term Investments	130.99	126.28	121.73	124.96	136.42	119.14
Long-Term Deferred Tax Assets	52.95	46.63	49.03	37.79	24.19	13.04
Long-Term Deferred Charges	3.05	2.92	1.42	0.35	-	1.91
Other Long-Term Assets	2.51	5.96	-	51.5	48.94	49.76
Total Assets	6,410	6,506	6,652	6,986	6,285	5,979
Accounts Payable	702.34	958.53	1,473	1,817	1,572	1,541
Accrued Expenses	2.9	33.09	7.55	29.44	22.66	26.6
Short-Term Debt	-	-	-	280	280	100
Current Portion of Long-Term Debt	-	-	-	-	-	164
Current Unearned Revenue	12.5	10.05	10.6	35.53	85.18	45.23
Current Portion of Leases	11.7	4.85	8.63	15.38	20.18	-
Current Income Taxes Payable	27.73	10.75	6.49	37.68	24.81	11.69
Other Current Liabilities	122.7	123.72	132.99	145.01	137.59	1,337
Total Current Liabilities	879.87	1,141	1,639	2,361	2,142	3,226
Long-Term Debt	-	-	-	-	-	818.5
Long-Term Leases	10.91	7.6	4.15	8.21	24.63	-
Long-Term Unearned Revenue	46.55	46.15	25.55	11.2	10.89	10.78
Long-Term Deferred Tax Liabilities	0.25	0.01	0.33	0.46	0.04	-
Total Liabilities	937.58	1,195	1,669	2,380	2,178	4,055
Common Stock	1,537	1,537	1,098	914.61	762.17	439.04
Additional Paid-In Capital	2,027	2,024	1,975	1,959	1,952	323.45
Retained Earnings	1,906	1,748	1,909	1,731	1,393	1,162
Comprehensive Income & Other	2.27	1.87	1.26	-	-	-
Shareholders' Equity	5,472	5,311	4,983	4,605	4,107	1,924
Total Liabilities & Equity	6,410	6,506	6,652	6,986	6,285	5,979
Total Debt	22.61	12.45	12.78	303.6	324.81	1,083
Net Cash (Debt)	2,903	2,739	2,261	1,909	858.07	-382.08
Net Cash Growth	-4.76%	21.14%	18.45%	122.45%	-	-
Net Cash Per Share	1.86	1.76	1.46	1.25	0.56	-0.31
Filing Date Shares Outstanding	1,537	1,537	1,537	1,537	1,537	1,239
Total Common Shares Outstanding	1,537	1,537	1,537	1,537	1,537	1,239
Working Capital	2,724	2,178	1,530	732.49	-362.43	-2,128
Book Value Per Share	3.56	3.46	3.24	3.00	2.67	1.55
Tangible Book Value	5,433	5,270	4,939	4,561	4,062	1,878
Tangible Book Value Per Share	3.54	3.43	3.21	2.97	2.64	1.52
Buildings	-	232.84	224.74	160	143.79	138.87
Machinery	-	9,683	8,807	8,750	8,052	7,717
Construction In Progress	-	69.18	564.91	237.85	523.23	308.13

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