SHA:600644 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	389.08	470.1	301.94	278.06	115.47	195.59
Accounts Receivable	295.43	313.75	303.54	178.08	191.27	144.05
Other Receivables	41.43	104.44	80.35	86.95	125.73	23.94
Inventory	69.36	49.29	45.31	43.41	44.19	51.99
Loans Receivable Current	-	-	-	-	-	27.78
Other Current Assets	109.65	39.54	30.94	15.45	59.39	42.81
Total Current Assets	904.94	977.11	762.07	601.95	536.05	486.16
Property, Plant & Equipment	2,724	2,748	2,629	2,580	2,608	2,597
Goodwill	6.8	6.8	6.8	6.8	6.8	6.8
Other Intangible Assets	274.51	277.8	222.04	212.64	208.48	216.55
Long-Term Investments	634.54	627.41	602.6	572.7	554.36	532.93
Long-Term Deferred Tax Assets	9.23	9.23	10.7	17.12	25.59	32.69
Long-Term Deferred Charges	50.19	50.86	39.63	39.88	42.83	41.19
Other Long-Term Assets	76.68	80.97	127.47	107.6	84.75	85.57
Total Assets	4,681	4,778	4,400	4,139	4,066	3,999
Accounts Payable	402.96	442.55	312.94	233.22	190.01	216.74
Accrued Expenses	142.1	296.77	294.42	276.3	282.8	299.87
Short-Term Debt	595.71	374.89	313.2	127.2	376	385.3
Current Portion of Long-Term Debt	138.71	311.12	32.22	15.23	32.03	27.19
Current Unearned Revenue	358.43	327.67	298.41	287.25	334.92	317.7
Current Portion of Leases	-	3.07	3.1	0.96	1.09	1.15
Current Income Taxes Payable	19.11	2.95	3.18	1.28	10.31	5.24
Other Current Liabilities	158.08	151.9	150.3	105.19	107.61	105.43
Total Current Liabilities	1,815	1,911	1,408	1,047	1,335	1,359
Long-Term Debt	177.84	435.63	786.36	936.25	601.04	594.75
Long-Term Leases	3.09	3.17	2.66	2.23	1.2	1.96
Long-Term Unearned Revenue	60.27	61.18	64.32	62.83	65.07	63.83
Long-Term Deferred Tax Liabilities	0.06	0.06	0.09	0.12	0.16	0.19
Other Long-Term Liabilities	294.55	33.8	33.8	38.8	38.8	38.8
Total Liabilities	2,351	2,445	2,295	2,087	2,041	2,058
Common Stock	578.32	578.32	538.4	538.4	538.4	538.4
Additional Paid-In Capital	1,151	1,151	1,398	1,398	1,398	1,398
Retained Earnings	331.77	333.54	-98.67	-121.24	-145.54	-216.12
Comprehensive Income & Other	7.2	6.61	4.62	2.25	-	-
Total Common Equity	2,068	2,069	1,842	1,817	1,790	1,720
Minority Interest	261.84	264.24	263.19	235.06	235	221.16
Shareholders' Equity	2,330	2,333	2,105	2,052	2,025	1,941
Total Liabilities & Equity	4,681	4,778	4,400	4,139	4,066	3,999
Total Debt	915.36	1,128	1,138	1,082	1,011	1,010
Net Cash (Debt)	-526.28	-657.79	-835.6	-803.82	-895.89	-814.75
Net Cash Per Share	-0.92	-1.15	-1.55	-1.49	-1.66	-1.51
Filing Date Shares Outstanding	570.56	578.32	538.4	538.4	538.4	538.4
Total Common Shares Outstanding	570.56	578.32	538.4	538.4	538.4	538.4
Working Capital	-910.16	-933.82	-645.7	-444.68	-798.72	-872.46
Book Value Per Share	3.62	3.58	3.42	3.37	3.33	3.19
Tangible Book Value	1,787	1,784	1,613	1,598	1,575	1,497
Tangible Book Value Per Share	3.13	3.09	3.00	2.97	2.93	2.78
Buildings	-	1,286	1,222	1,141	1,141	1,135
Machinery	-	3,595	3,349	3,010	2,867	2,700
Construction In Progress	-	194.12	218.85	247.38	278.71	305.8

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