SHA:600505 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	181.57	200.11	208.95	286.2	211.37
Accounts Receivable	188.32	218.62	191.69	178.94	114.07
Other Receivables	14.32	34.59	25.22	28.14	78.63
Inventory	23.66	23.5	22.06	32.13	30.52
Prepaid Expenses	-	0.28	0.26	-	-
Other Current Assets	37.05	13.66	63.74	111.58	103.14
Total Current Assets	444.91	490.76	511.93	636.98	537.73
Property, Plant & Equipment	3,324	3,489	3,694	3,809	3,685
Other Intangible Assets	91.39	62.71	63.92	66.29	68.52
Long-Term Investments	84.82	84.99	90.86	96.5	92.33
Long-Term Deferred Tax Assets	6.32	14.69	14.1	13.17	12.39
Long-Term Deferred Charges	1.86	2.23	2.81	3.4	3.99
Other Long-Term Assets	12.17	11.88	13.88	6.19	6.31
Total Assets	3,965	4,156	4,392	4,632	4,406
Accounts Payable	226.18	127.33	170.33	139.07	175.06
Accrued Expenses	69	116.81	118.92	93.42	64.23
Short-Term Debt	5	50.04	35.02	140.03	75.08
Current Portion of Long-Term Debt	99.77	156.56	139.31	129.21	97.3
Current Unearned Revenue	198.59	208.04	236.38	327.43	269.91
Current Portion of Leases	-	0.45	0.4	0.36	0.3
Current Income Taxes Payable	15.65	8.91	11.06	8.09	9.34
Other Current Liabilities	157.22	181.43	202.42	206.91	268.45
Total Current Liabilities	771.41	849.58	913.85	1,045	959.67
Long-Term Debt	1,588	1,910	2,061	2,089	1,947
Long-Term Leases	2.01	1.23	1.12	1.49	1.65
Long-Term Unearned Revenue	25.74	21.23	24.03	25.18	30
Long-Term Deferred Tax Liabilities	0.04	8.1	8.75	8.89	7.52
Other Long-Term Liabilities	219.5	3.72	2	2	2
Total Liabilities	2,607	2,794	3,011	3,171	2,948
Common Stock	364.57	364.57	364.57	364.57	364.57
Additional Paid-In Capital	70.8	70.8	74.08	74.08	74.7
Retained Earnings	724.62	720	716.08	774.54	742.58
Comprehensive Income & Other	61.85	57.19	57.5	53.23	45.5
Total Common Equity	1,222	1,213	1,212	1,266	1,227
Minority Interest	136.34	149.6	168.82	194.09	231.1
Shareholders' Equity	1,358	1,362	1,381	1,461	1,458
Total Liabilities & Equity	3,965	4,156	4,392	4,632	4,406
Total Debt	1,695	2,118	2,237	2,360	2,121
Net Cash (Debt)	-1,514	-1,918	-2,028	-2,074	-1,910
Net Cash Per Share	-4.15	-5.27	-5.56	-5.69	-5.24
Filing Date Shares Outstanding	363.48	364.57	364.57	364.57	364.57
Total Common Shares Outstanding	363.48	364.57	364.57	364.57	364.57
Working Capital	-326.5	-358.82	-401.91	-407.53	-421.94
Book Value Per Share	3.36	3.33	3.33	3.47	3.37
Tangible Book Value	1,130	1,150	1,148	1,200	1,159
Tangible Book Value Per Share	3.11	3.15	3.15	3.29	3.18
Buildings	-	2,586	2,597	2,637	1,051
Machinery	-	2,941	2,886	176.25	2,030
Construction In Progress	-	91.83	120.43	245.22	2,163

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.