SHA:600505 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	284.56	200.11	208.95	286.2	211.37	292.73
Short-Term Investments	-	-	-	-	-	0.5
Accounts Receivable	223.56	218.62	191.69	178.94	114.07	92.33
Other Receivables	8.02	34.59	25.22	28.14	78.63	66.89
Inventory	36.97	23.5	22.06	32.13	30.52	36.54
Prepaid Expenses	-	0.28	0.26	-	-	-
Other Current Assets	22.05	13.66	63.74	111.58	103.14	157.35
Total Current Assets	575.16	490.76	511.93	636.98	537.73	646.33
Property, Plant & Equipment	3,346	3,489	3,694	3,809	3,685	3,157
Other Intangible Assets	92.41	62.71	63.92	66.29	68.52	62.87
Long-Term Investments	81.98	84.99	90.86	96.5	92.33	90.46
Long-Term Deferred Tax Assets	14.69	14.69	14.1	13.17	12.39	11.64
Long-Term Deferred Charges	1.95	2.23	2.81	3.4	3.99	7.47
Other Long-Term Assets	10.59	11.88	13.88	6.19	6.31	5.56
Total Assets	4,123	4,156	4,392	4,632	4,406	3,981
Accounts Payable	217.17	127.33	170.33	139.07	175.06	199.81
Accrued Expenses	104.93	116.81	118.92	93.42	64.23	53.64
Short-Term Debt	35.02	50.04	35.02	140.03	75.08	-
Current Portion of Long-Term Debt	115.53	156.56	139.31	129.21	97.3	48.18
Current Unearned Revenue	219.69	208.04	236.38	327.43	269.91	231.79
Current Portion of Leases	-	0.45	0.4	0.36	0.3	-
Current Income Taxes Payable	15.99	8.91	11.06	8.09	9.34	8.62
Other Current Liabilities	189.03	181.43	202.42	206.91	268.45	257.3
Total Current Liabilities	897.38	849.58	913.85	1,045	959.67	799.35
Long-Term Debt	1,835	1,910	2,061	2,089	1,947	1,688
Long-Term Leases	2.05	1.23	1.12	1.49	1.65	-
Long-Term Unearned Revenue	24.04	21.23	24.03	25.18	30	40.49
Long-Term Deferred Tax Liabilities	8.1	8.1	8.75	8.89	7.52	7.22
Other Long-Term Liabilities	-	3.72	2	2	2	3.7
Total Liabilities	2,766	2,794	3,011	3,171	2,948	2,539
Common Stock	364.57	364.57	364.57	364.57	364.57	364.57
Additional Paid-In Capital	70.8	70.8	74.08	74.08	74.7	75.24
Retained Earnings	725.06	720	716.08	774.54	742.58	710.98
Comprehensive Income & Other	59.4	57.19	57.5	53.23	45.5	43.97
Total Common Equity	1,220	1,213	1,212	1,266	1,227	1,195
Minority Interest	137.33	149.6	168.82	194.09	231.1	247.47
Shareholders' Equity	1,357	1,362	1,381	1,461	1,458	1,442
Total Liabilities & Equity	4,123	4,156	4,392	4,632	4,406	3,981
Total Debt	1,987	2,118	2,237	2,360	2,121	1,736
Net Cash (Debt)	-1,703	-1,918	-2,028	-2,074	-1,910	-1,443
Net Cash Per Share	-4.67	-5.27	-5.56	-5.69	-5.24	-3.96
Filing Date Shares Outstanding	364.57	364.57	364.57	364.57	364.57	364.57
Total Common Shares Outstanding	364.57	364.57	364.57	364.57	364.57	364.57
Working Capital	-322.22	-358.82	-401.91	-407.53	-421.94	-153.01
Book Value Per Share	3.35	3.33	3.33	3.47	3.37	3.28
Tangible Book Value	1,127	1,150	1,148	1,200	1,159	1,132
Tangible Book Value Per Share	3.09	3.15	3.15	3.29	3.18	3.10
Buildings	-	2,586	2,597	2,637	1,051	1,054
Machinery	-	2,941	2,886	176.25	2,030	1,937
Construction In Progress	-	91.83	120.43	245.22	2,163	1,581

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