SHA:600635 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	3,305	2,976	3,396	3,216	3,001	2,043
Short-Term Investments	-	212.57	306.82	395.38	477.71	375.73
Trading Asset Securities	559.21	2,427	2,739	116.96	205.92	490.92
Accounts Receivable	651.6	1,453	1,407	1,222	1,184	1,968
Other Receivables	3.87	199.69	182.32	7.2	191.99	10.26
Inventory	270.86	27.51	38.36	298.39	333.07	387.37
Prepaid Expenses	-	-	-	-	-	0.02
Other Current Assets	1,368	59.3	68.12	179.93	179.73	138.39
Total Current Assets	6,159	7,356	8,138	5,436	5,573	5,413
Property, Plant & Equipment	5,972	6,001	5,635	5,307	5,261	5,276
Goodwill	-	-	12.74	12.74	12.74	12.74
Other Intangible Assets	143.22	84.02	112.34	186.01	195.84	212.77
Long-Term Investments	9,571	8,018	7,475	10,439	10,796	11,630
Long-Term Deferred Tax Assets	54.23	53.79	49.93	31.12	54.86	53.17
Long-Term Deferred Charges	9.78	-	-	4.3	0.47	0.47
Long-Term Accounts Receivable	-	527.57	328.63	1,176	1,432	1,228
Other Long-Term Assets	1,576	926.63	946.01	243.29	256.93	249.47
Total Assets	23,485	22,966	22,697	22,835	23,583	24,075
Accounts Payable	2,398	2,364	1,841	1,613	1,733	1,607
Accrued Expenses	145.32	277.59	235.27	174.41	225.86	253.53
Short-Term Debt	2,531	-	-	2,867	2,945	3,403
Current Portion of Long-Term Debt	1,543	3,954	4,807	2,434	3,228	1,493
Current Unearned Revenue	819.24	640.73	732.16	832.88	771.19	920.02
Current Portion of Leases	-	10.92	8.73	3.95	12.29	89.04
Current Income Taxes Payable	50.04	35.27	49.1	36.44	31.86	53.79
Other Current Liabilities	417	504.79	530.24	551.5	428.76	433.52
Total Current Liabilities	7,903	7,787	8,203	8,513	9,376	8,254
Long-Term Debt	3,251	3,142	2,887	2,850	2,820	3,728
Long-Term Leases	16.95	15.19	19.31	7.8	9.94	14.34
Long-Term Unearned Revenue	1,119	1,030	1,125	1,385	1,410	1,507
Pension & Post-Retirement Benefits	-	-	-	-	-	38.21
Long-Term Deferred Tax Liabilities	155.78	159.3	159.36	163.85	196.77	309.83
Other Long-Term Liabilities	541.75	451.34	318.24	178.07	193.31	207.51
Total Liabilities	12,988	12,585	12,713	13,098	14,006	14,059
Common Stock	2,952	2,952	2,952	2,952	2,952	2,952
Additional Paid-In Capital	1,267	-	-	1,276	1,277	1,287
Retained Earnings	4,570	4,463	4,154	4,080	3,956	4,436
Comprehensive Income & Other	99.07	1,417	1,385	10.26	51.13	40.35
Total Common Equity	8,888	8,832	8,491	8,319	8,237	8,716
Minority Interest	1,609	1,549	1,493	1,418	1,340	1,300
Shareholders' Equity	10,497	10,381	9,984	9,737	9,577	10,016
Total Liabilities & Equity	23,485	22,966	22,697	22,835	23,583	24,075
Total Debt	7,342	7,122	7,722	8,163	9,016	8,728
Net Cash (Debt)	-3,478	-1,506	-1,281	-4,434	-5,331	-5,819
Net Cash Per Share	-1.18	-0.51	-0.43	-1.50	-1.81	-1.97
Filing Date Shares Outstanding	2,955	2,952	2,952	2,952	2,952	2,952
Total Common Shares Outstanding	2,955	2,952	2,952	2,952	2,952	2,952
Working Capital	-1,745	-431.27	-65.57	-3,077	-3,803	-2,840
Book Value Per Share	3.01	2.99	2.88	2.82	2.79	2.95
Tangible Book Value	8,745	8,748	8,366	8,120	8,028	8,490
Tangible Book Value Per Share	2.96	2.96	2.83	2.75	2.72	2.88
Buildings	-	403.91	394.19	371.12	371.27	344.59
Machinery	-	224.7	231.64	9,450	9,078	8,956
Construction In Progress	-	280.54	321.03	162.13	168.31	164.33

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