SHA:600461 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	2,416	2,854	2,635	2,352	3,505	4,162
Accounts Receivable	3,584	2,878	2,167	1,679	1,279	869.97
Other Receivables	58.4	75.94	140.24	151.22	113.3	142.95
Inventory	385.45	246.33	301.48	331.08	381.98	247.85
Prepaid Expenses	-	15.53	48.53	53.72	26.67	17.03
Other Current Assets	385.63	394.68	257.06	232.93	444.62	341.28
Total Current Assets	6,830	6,464	5,549	4,801	5,751	5,781
Property, Plant & Equipment	5,659	5,643	5,582	5,435	5,308	6,068
Goodwill	69.01	69.01	69.01	69.01	69.01	-
Other Intangible Assets	9,692	9,913	10,117	10,145	9,852	4,474
Long-Term Investments	74.3	103.11	106.58	72.08	69	74.24
Long-Term Deferred Tax Assets	190.57	183.36	138.27	96.08	94.31	94.27
Long-Term Deferred Charges	52.88	44.3	25.76	16.72	1.42	0.97
Long-Term Accounts Receivable	-	2,278	1,307	327.21	376.37	-
Other Long-Term Assets	2,467	39.28	11.1	13.9	19.87	5.22
Total Assets	25,035	24,737	22,906	20,975	21,541	16,498
Accounts Payable	3,021	3,106	3,040	3,205	3,314	2,135
Accrued Expenses	106.75	382.1	473.67	331.81	392.35	318.63
Short-Term Debt	1,849	2,074	2,210	1,347	2,403	2,211
Current Portion of Long-Term Debt	674.52	593.66	848.73	565.81	0.74	408.01
Current Unearned Revenue	802.24	745.26	804.78	740.76	765.72	769.61
Current Portion of Leases	-	10.76	5.69	10.34	10.65	-
Current Income Taxes Payable	114.2	131.02	88.77	66.96	100.95	107.02
Other Current Liabilities	1,849	1,425	1,190	1,033	955.35	335.59
Total Current Liabilities	8,417	8,468	8,662	7,301	7,943	6,285
Long-Term Debt	5,283	5,337	4,928	5,216	5,253	3,972
Long-Term Leases	68.31	69.73	73.45	78.94	45.28	-
Long-Term Unearned Revenue	119.38	126.39	141.16	148.19	155.77	144.63
Pension & Post-Retirement Benefits	-	-	-	-	16.59	11.42
Long-Term Deferred Tax Liabilities	18.83	19.15	11.69	14.07	0.21	-
Other Long-Term Liabilities	204.53	161.06	125.03	80.14	146.36	90.02
Total Liabilities	14,111	14,182	13,941	12,838	13,561	10,503
Common Stock	1,284	1,284	1,131	1,090	952.83	948.04
Additional Paid-In Capital	3,418	3,419	2,601	2,431	2,969	2,070
Retained Earnings	4,926	4,590	3,941	3,333	2,873	2,125
Treasury Stock	-	-	-1.16	-6.6	-13.94	-16.42
Comprehensive Income & Other	102.83	100.59	265.4	306.54	304.06	307.23
Total Common Equity	9,731	9,394	7,938	7,153	7,085	5,434
Minority Interest	1,193	1,162	1,027	983.4	894.91	560.31
Shareholders' Equity	10,924	10,556	8,965	8,137	7,980	5,995
Total Liabilities & Equity	25,035	24,737	22,906	20,975	21,541	16,498
Total Debt	7,875	8,085	8,066	7,218	7,713	6,591
Net Cash (Debt)	-5,459	-5,232	-5,431	-4,865	-4,208	-2,429
Net Cash Per Share	-3.87	-3.82	-4.21	-3.84	-3.34	-2.52
Filing Date Shares Outstanding	1,284	1,284	1,131	1,090	952.83	948.04
Total Common Shares Outstanding	1,284	1,284	1,131	1,090	952.83	948.04
Working Capital	-1,587	-2,004	-3,112	-2,500	-2,192	-503.86
Book Value Per Share	7.58	7.32	7.02	6.56	7.44	5.73
Tangible Book Value	-30.39	-588.64	-2,249	-3,060	-2,836	959.94
Tangible Book Value Per Share	-0.02	-0.46	-1.99	-2.81	-2.98	1.01
Buildings	-	1,929	1,896	1,840	1,722	1,319
Machinery	-	1,728	1,685	1,574	1,425	837.34
Construction In Progress	-	890.02	717.17	591.57	645.57	2,479

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