SHA:600505 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	249.03	181.57	200.11	208.95	286.2	211.37
Accounts Receivable	205.65	188.32	218.62	191.69	178.94	114.07
Other Receivables	8.01	14.32	34.59	25.22	28.14	78.63
Inventory	29.19	23.66	23.5	22.06	32.13	30.52
Prepaid Expenses	-	-	0.28	0.26	-	-
Other Current Assets	20.95	37.05	13.66	63.74	111.58	103.14
Total Current Assets	512.83	444.91	490.76	511.93	636.98	537.73
Property, Plant & Equipment	3,275	3,324	3,489	3,694	3,809	3,685
Other Intangible Assets	90.46	91.39	62.71	63.92	66.29	68.52
Long-Term Investments	84.82	84.82	84.99	90.86	96.5	92.33
Long-Term Deferred Tax Assets	6.32	6.32	14.69	14.1	13.17	12.39
Long-Term Deferred Charges	1.77	1.86	2.23	2.81	3.4	3.99
Other Long-Term Assets	12.35	12.17	11.88	13.88	6.19	6.31
Total Assets	3,984	3,965	4,156	4,392	4,632	4,406
Accounts Payable	203.28	226.18	127.33	170.33	139.07	175.06
Accrued Expenses	108.51	69	116.81	118.92	93.42	64.23
Short-Term Debt	25.02	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	209.34	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	249.88	157.22	181.43	202.42	206.91	268.45
Total Current Liabilities	796.03	771.41	849.58	913.85	1,045	959.67
Long-Term Debt	1,588	1,588	1,910	2,061	2,089	1,947
Long-Term Leases	1.78	2.01	1.23	1.12	1.49	1.65
Long-Term Unearned Revenue	24.93	25.74	21.23	24.03	25.18	30
Long-Term Deferred Tax Liabilities	0.04	0.04	8.1	8.75	8.89	7.52
Other Long-Term Liabilities	219.5	219.5	3.72	2	2	2
Total Liabilities	2,631	2,607	2,794	3,011	3,171	2,948
Common Stock	364.57	364.57	364.57	364.57	364.57	364.57
Additional Paid-In Capital	70.8	70.8	70.8	74.08	74.08	74.7
Retained Earnings	727.73	724.62	720	716.08	774.54	742.58
Comprehensive Income & Other	62.13	61.85	57.19	57.5	53.23	45.5
Total Common Equity	1,225	1,222	1,213	1,212	1,266	1,227
Minority Interest	128.17	136.34	149.6	168.82	194.09	231.1
Shareholders' Equity	1,353	1,358	1,362	1,381	1,461	1,458
Total Liabilities & Equity	3,984	3,965	4,156	4,392	4,632	4,406
Total Debt	1,615	1,695	2,118	2,237	2,360	2,121
Net Cash (Debt)	-1,366	-1,514	-1,918	-2,028	-2,074	-1,910
Net Cash Per Share	-3.75	-4.15	-5.27	-5.56	-5.69	-5.24
Filing Date Shares Outstanding	366.22	363.48	364.57	364.57	364.57	364.57
Total Common Shares Outstanding	366.22	363.48	364.57	364.57	364.57	364.57
Working Capital	-283.2	-326.5	-358.82	-401.91	-407.53	-421.94
Book Value Per Share	3.35	3.36	3.33	3.33	3.47	3.37
Tangible Book Value	1,135	1,130	1,150	1,148	1,200	1,159
Tangible Book Value Per Share	3.10	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

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