SHA:600744 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	975.41	1,090	2,336	730.65	2,040	1,038
Accounts Receivable	1,236	1,199	1,748	1,906	1,456	2,485
Other Receivables	52.79	105.71	164.15	178.35	683.28	628.47
Inventory	352.51	562.99	557.04	578.6	542.33	1,126
Other Current Assets	1,446	1,362	936.83	1,094	1,220	612.84
Total Current Assets	4,063	4,319	5,743	4,488	5,942	5,890
Property, Plant & Equipment	22,654	21,890	17,677	15,272	12,943	11,790
Goodwill	1.92	1.92	1.92	1.92	1.92	1.92
Other Intangible Assets	1,119	1,127	744.85	757.19	822.34	963.44
Long-Term Investments	1,027	1,027	508.06	394.69	243.09	857.22
Long-Term Deferred Tax Assets	73.74	73.96	47.34	16.52	12.3	7.95
Long-Term Deferred Charges	56.83	57.39	53.55	61.41	69.08	99.96
Other Long-Term Assets	1,682	2,096	3,293	3,068	1,449	234
Total Assets	30,677	30,593	28,068	24,060	21,483	19,844
Accounts Payable	2,323	2,112	591.25	613.25	880.99	1,800
Accrued Expenses	47.23	18.18	250.34	357.63	162.32	218.24
Short-Term Debt	2,254	2,777	5,052	3,832	3,817	6,316
Current Portion of Long-Term Debt	2,753	3,445	3,543	2,375	2,288	942.39
Current Unearned Revenue	10.79	10.89	5.67	7.35	11.07	39.6
Current Portion of Leases	-	-	3.69	31.61	194.87	416.37
Current Income Taxes Payable	78.5	75.82	8.53	7.05	5.37	7.24
Other Current Liabilities	1,234	1,726	1,879	2,375	1,908	1,868
Total Current Liabilities	8,700	10,165	11,333	9,599	9,268	11,608
Long-Term Debt	19,285	17,981	14,578	12,232	9,742	6,118
Long-Term Leases	263.6	221.14	210.03	220.1	751.7	1,184
Long-Term Unearned Revenue	91.89	92.79	125.18	153.71	170.34	220.52
Long-Term Deferred Tax Liabilities	53.35	53.35	46.52	13.7	8.75	-
Other Long-Term Liabilities	12.19	12.99	13.41	14.45	33.11	46.65
Total Liabilities	28,406	28,527	26,305	22,233	19,975	19,177
Common Stock	2,031	2,031	2,031	2,031	2,031	1,781
Additional Paid-In Capital	5,203	5,203	5,203	5,207	5,204	4,632
Retained Earnings	-5,980	-6,114	-6,176	-6,043	-5,854	-5,876
Comprehensive Income & Other	541.81	515.59	506.76	505.87	0.07	-
Total Common Equity	1,796	1,636	1,565	1,701	1,381	536.82
Minority Interest	474.65	429.53	197.62	126.11	127.7	130.03
Shareholders' Equity	2,271	2,066	1,763	1,827	1,509	666.84
Total Liabilities & Equity	30,677	30,593	28,068	24,060	21,483	19,844
Total Debt	24,555	24,425	23,386	18,691	16,794	14,977
Net Cash (Debt)	-23,580	-23,335	-21,050	-17,961	-14,754	-13,939
Net Cash Per Share	-8.70	-8.72	-10.37	-8.84	-6.10	-7.81
Filing Date Shares Outstanding	2,036	4,618	2,031	2,031	2,031	1,781
Total Common Shares Outstanding	2,036	4,618	2,031	2,031	2,031	1,781
Working Capital	-4,638	-5,846	-5,590	-5,111	-3,326	-5,718
Book Value Per Share	0.88	0.35	0.52	0.59	0.68	0.30
Tangible Book Value	675.21	507.07	818.64	941.44	556.69	-428.55
Tangible Book Value Per Share	0.33	0.11	0.16	0.22	0.27	-0.24
Buildings	-	-	6,687	6,628	6,293	6,083
Machinery	-	-	26,862	25,331	20,806	18,472
Construction In Progress	-	-	3,326	2,201	2,286	1,739

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