SHA:600780 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	2,940	2,815	2,470	2,216	2,013	1,652
Trading Asset Securities	4.87	5.05	5.41	4	3.3	3.21
Accounts Receivable	888.96	936.99	964.12	930.38	1,209	292.48
Other Receivables	138.49	173.13	172.25	15.72	52.4	26.71
Inventory	97.55	134.18	158.86	103.48	117.25	97.42
Prepaid Expenses	-	-	-	0.09	-	-
Other Current Assets	122.86	96.75	15.59	60.29	29.13	105.01
Total Current Assets	4,192	4,161	3,786	3,330	3,424	2,177
Property, Plant & Equipment	5,272	5,336	4,640	4,888	4,987	5,119
Other Intangible Assets	141.56	144.15	144.62	146.51	138.34	126.83
Long-Term Investments	2,249	2,126	1,751	1,594	1,308	976.53
Long-Term Deferred Tax Assets	262.28	260.85	195.23	222.13	175.86	163.74
Long-Term Deferred Charges	0.32	0.32	0.2	0.23	0.25	0.27
Other Long-Term Assets	56.99	34.65	19.38	2.95	5.26	8.42
Total Assets	12,174	12,062	10,536	10,184	10,039	8,572
Accounts Payable	1,285	1,448	475.8	494.46	618.76	579.58
Accrued Expenses	187.1	149.32	922.98	749.04	1,088	252.83
Short-Term Debt	-	-	-	30	420	320
Current Portion of Long-Term Debt	198.39	255.85	226.45	83.31	99.81	100.31
Current Unearned Revenue	404.18	418.79	402.15	437.32	444.37	607.38
Current Portion of Leases	-	-	127.06	121.23	8.27	7.89
Current Income Taxes Payable	219.22	203.14	66.94	53.13	41.95	19.93
Other Current Liabilities	133.92	164.06	252.56	247.68	219.21	246.39
Total Current Liabilities	2,428	2,639	2,474	2,216	2,940	2,134
Long-Term Debt	603.83	465.94	154.98	274.54	316.34	530.23
Long-Term Leases	253.36	253.36	-	126.72	17.74	26.01
Long-Term Unearned Revenue	174.42	180.05	172.76	149.07	134.54	135.85
Pension & Post-Retirement Benefits	-	-	1.2	1.09	1.32	1.72
Long-Term Deferred Tax Liabilities	138.21	138.25	78.07	102.11	40.66	25.64
Other Long-Term Liabilities	45.36	45.36	-	-	-	-
Total Liabilities	3,643	3,722	2,881	2,870	3,451	2,854
Common Stock	1,147	1,147	1,147	1,147	1,147	1,147
Additional Paid-In Capital	1,336	1,329	1,319	1,309	1,295	1,303
Retained Earnings	5,963	5,791	5,143	4,836	4,157	3,301
Comprehensive Income & Other	124.08	111.03	82.9	56.6	23.68	-
Total Common Equity	8,569	8,378	7,692	7,349	6,622	5,750
Minority Interest	-37.83	-37.52	-36.29	-35.04	-33.77	-31.94
Shareholders' Equity	8,531	8,340	7,655	7,314	6,589	5,718
Total Liabilities & Equity	12,174	12,062	10,536	10,184	10,039	8,572
Total Debt	1,056	975.15	508.5	635.8	862.16	984.44
Net Cash (Debt)	1,889	1,845	1,967	1,584	1,154	670.84
Net Cash Growth	-13.22%	-6.22%	24.19%	37.27%	72.00%	13.58%
Net Cash Per Share	1.65	1.61	1.72	1.38	1.01	0.59
Filing Date Shares Outstanding	1,146	1,147	1,147	1,147	1,147	1,147
Total Common Shares Outstanding	1,146	1,147	1,147	1,147	1,147	1,147
Working Capital	1,765	1,522	1,312	1,114	484.07	42.6
Book Value Per Share	7.47	7.30	6.71	6.41	5.78	5.02
Tangible Book Value	8,428	8,234	7,547	7,202	6,484	5,623
Tangible Book Value Per Share	7.35	7.18	6.58	6.28	5.66	4.90
Buildings	-	-	2,842	2,828	2,764	2,711
Machinery	-	-	15,332	14,978	14,539	14,078
Construction In Progress	-	-	358.15	239.07	426.42	445.11

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