SHA:600674 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	1,384	1,457	873.53	514.72	841.9	1,006
Trading Asset Securities	1,606	1,704	1,729	1,850	2,146	2,433
Accounts Receivable	760.18	845.21	837.94	799.45	740.43	488.31
Other Receivables	3,668	110.42	107.05	146.83	629.84	28.63
Inventory	124.94	100.25	79.17	69.4	101.13	121.23
Other Current Assets	49.16	34.51	10.1	11.27	7.8	19.49
Total Current Assets	7,593	4,251	3,637	3,392	4,467	4,096
Property, Plant & Equipment	12,072	12,037	10,734	9,472	8,826	7,643
Other Intangible Assets	453.72	470.34	494.66	485.52	500.94	299.75
Long-Term Investments	51,042	52,192	48,906	45,595	40,488	36,208
Long-Term Deferred Tax Assets	69.15	68.46	66.61	72.01	73.77	56.94
Long-Term Deferred Charges	14.49	15.65	15.13	16.8	21.32	21.11
Long-Term Accounts Receivable	-	14.7	14.21	13.64	10.42	-
Other Long-Term Assets	356.45	1,231	1,181	1,307	326.02	142.34
Total Assets	71,601	70,281	65,049	60,353	54,714	48,467
Accounts Payable	639.25	729.34	430.93	271.48	242.25	195.93
Accrued Expenses	229.09	724.78	766.85	643.73	623.49	560.38
Short-Term Debt	2,327	2,531	3,242	4,652	5,351	6,622
Current Portion of Long-Term Debt	2,571	2,150	746.1	2,972	1,316	275.25
Current Unearned Revenue	15.54	9.33	19.5	4.5	13.02	19.81
Current Portion of Leases	-	175.42	171.88	189.93	6.47	5.07
Current Income Taxes Payable	73.69	25.21	25.66	16.58	24.08	10.17
Other Current Liabilities	486.36	252.8	226.27	267.76	361.58	136.52
Total Current Liabilities	6,342	6,597	5,629	9,019	7,938	7,825
Long-Term Debt	14,395	14,288	12,730	9,426	10,839	7,750
Long-Term Leases	2,002	2,049	2,180	2,676	82.75	9.64
Long-Term Unearned Revenue	11.71	11.76	4.65	0.1	-	0.42
Pension & Post-Retirement Benefits	-	328.04	327.56	327.93	327.52	327.25
Long-Term Deferred Tax Liabilities	249.48	250.31	259.59	279.84	283.82	222.64
Other Long-Term Liabilities	364.04	25.81	31.35	31.78	44.41	42.84
Total Liabilities	23,364	23,550	21,163	21,760	19,515	16,178
Common Stock	4,875	4,875	4,875	4,580	4,461	4,406
Additional Paid-In Capital	8,228	8,228	8,232	5,620	4,572	4,088
Retained Earnings	32,645	31,193	28,388	25,830	22,810	21,058
Comprehensive Income & Other	633.36	593.16	643.55	1,062	1,974	1,695
Total Common Equity	46,381	44,888	42,138	37,092	33,817	31,247
Minority Interest	1,856	1,843	1,748	1,501	1,382	1,042
Shareholders' Equity	48,237	46,731	43,886	38,593	35,199	32,289
Total Liabilities & Equity	71,601	70,281	65,049	60,353	54,714	48,467
Total Debt	21,295	21,192	19,070	19,917	17,595	14,662
Net Cash (Debt)	-18,304	-18,031	-16,468	-17,552	-14,607	-11,223
Net Cash Per Share	-3.76	-3.70	-3.40	-3.72	-3.13	-2.43
Filing Date Shares Outstanding	4,875	4,875	4,875	4,580	4,461	4,406
Total Common Shares Outstanding	4,875	4,875	4,875	4,580	4,461	4,406
Working Capital	1,251	-2,346	-1,992	-5,627	-3,470	-3,729
Book Value Per Share	9.51	9.21	8.64	8.10	7.58	7.09
Tangible Book Value	45,927	44,418	41,643	36,607	33,316	30,948
Tangible Book Value Per Share	9.42	9.11	8.54	7.99	7.47	7.02
Buildings	-	10,596	10,343	7,404	7,277	7,217
Machinery	-	5,756	5,076	3,772	3,715	2,909
Construction In Progress	-	1,079	386.45	3,094	2,335	1,711

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