SHA:600461 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	2,439	2,553	2,854	2,635	2,352	3,505
Accounts Receivable	3,578	3,356	2,878	2,167	1,679	1,279
Other Receivables	39.59	89.83	75.94	140.24	151.22	113.3
Inventory	252.51	224.98	246.33	301.48	331.08	381.98
Prepaid Expenses	-	30.41	15.53	48.53	53.72	26.67
Other Current Assets	393.66	320.87	394.68	257.06	232.93	444.62
Total Current Assets	6,703	6,574	6,464	5,549	4,801	5,751
Property, Plant & Equipment	5,820	5,798	5,643	5,582	5,435	5,308
Goodwill	69.01	69.01	69.01	69.01	69.01	69.01
Other Intangible Assets	9,474	9,629	9,913	10,117	10,145	9,852
Long-Term Investments	74.33	75.11	103.11	106.58	72.08	69
Long-Term Deferred Tax Assets	199.07	198.19	183.36	138.27	96.08	94.31
Long-Term Deferred Charges	65.02	61.26	44.3	25.76	16.72	1.42
Long-Term Accounts Receivable	-	1,546	2,278	1,307	327.21	376.37
Other Long-Term Assets	2,919	1,180	39.28	11.1	13.9	19.87
Total Assets	25,322	25,131	24,737	22,906	20,975	21,541
Accounts Payable	2,989	3,083	3,106	3,040	3,205	3,314
Accrued Expenses	114.42	450.38	380.97	473.67	331.81	392.35
Short-Term Debt	2,314	1,956	2,074	2,210	1,347	2,403
Current Portion of Long-Term Debt	1,528	1,712	594.78	848.73	565.81	0.74
Current Unearned Revenue	693.1	697.05	745.26	804.78	740.76	765.72
Current Portion of Leases	-	6.34	10.76	5.69	10.34	10.65
Current Income Taxes Payable	124.89	77.46	131.02	88.77	66.96	100.95
Other Current Liabilities	1,633	1,450	1,425	1,190	1,033	955.35
Total Current Liabilities	9,398	9,433	8,468	8,662	7,301	7,943
Long-Term Debt	3,878	3,974	5,337	4,928	5,216	5,253
Long-Term Leases	85.17	77	69.73	73.45	78.94	45.28
Long-Term Unearned Revenue	137.31	138.5	126.39	141.16	148.19	155.77
Pension & Post-Retirement Benefits	-	-	-	-	-	16.59
Long-Term Deferred Tax Liabilities	12.12	12.12	19.15	11.69	14.07	0.21
Other Long-Term Liabilities	278.65	296.13	161.06	125.03	80.14	146.36
Total Liabilities	13,789	13,930	14,182	13,941	12,838	13,561
Common Stock	1,284	1,284	1,284	1,131	1,090	952.83
Additional Paid-In Capital	3,419	3,419	3,419	2,601	2,431	2,969
Retained Earnings	5,503	5,187	4,590	3,941	3,333	2,873
Treasury Stock	-	-	-	-1.16	-6.6	-13.94
Comprehensive Income & Other	102.4	101.34	100.59	265.4	306.54	304.06
Total Common Equity	10,309	9,992	9,394	7,938	7,153	7,085
Minority Interest	1,224	1,209	1,162	1,027	983.4	894.91
Shareholders' Equity	11,533	11,201	10,556	8,965	8,137	7,980
Total Liabilities & Equity	25,322	25,131	24,737	22,906	20,975	21,541
Total Debt	7,806	7,726	8,086	8,066	7,218	7,713
Net Cash (Debt)	-5,367	-5,173	-5,233	-5,431	-4,865	-4,208
Net Cash Per Share	-3.69	-3.56	-3.83	-4.21	-3.84	-3.34
Filing Date Shares Outstanding	1,265	1,284	1,284	1,131	1,090	952.83
Total Common Shares Outstanding	1,265	1,284	1,284	1,131	1,090	952.83
Working Capital	-2,695	-2,858	-2,004	-3,112	-2,500	-2,192
Book Value Per Share	8.15	7.78	7.32	7.02	6.56	7.44
Tangible Book Value	766.25	294.3	-588.64	-2,249	-3,060	-2,836
Tangible Book Value Per Share	0.61	0.23	-0.46	-1.99	-2.81	-2.98
Buildings	-	2,035	1,929	1,896	1,840	1,722
Machinery	-	1,803	1,728	1,685	1,574	1,425
Construction In Progress	-	618.97	890.02	717.17	591.57	645.57

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