SHA:600903 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	590.32	507.93	725.53	968.69	1,442	571.04
Trading Asset Securities	-	-	-	40	-	-
Accounts Receivable	897.36	1,101	986.42	1,187	1,099	978.26
Other Receivables	88.82	84.5	113.51	68.85	83.08	94.16
Inventory	513.49	379.39	349.07	377.28	396.36	369.72
Other Current Assets	259.04	300.22	250.9	141.96	172.34	223.66
Total Current Assets	2,349	2,373	2,425	2,784	3,193	2,237
Property, Plant & Equipment	6,663	6,566	6,033	5,484	5,011	5,112
Goodwill	73.6	73.6	77.74	77.74	77.74	56.42
Other Intangible Assets	544.8	565.64	537.84	535.89	512.67	478.06
Long-Term Investments	815.66	815.16	743.5	673.76	762.32	855.59
Long-Term Deferred Tax Assets	119.95	118.03	100.12	90.13	60.67	51.6
Long-Term Deferred Charges	301.41	268.48	231.17	195.75	161.4	141.22
Other Long-Term Assets	600.56	602.88	624.58	468.65	288.79	250.62
Total Assets	11,468	11,383	10,773	10,310	10,067	9,182
Accounts Payable	418.04	232.17	237.72	192.63	248.32	264.15
Accrued Expenses	59.75	149.95	177.48	144.88	127.04	128.07
Short-Term Debt	1,418	978.51	1,945	2,942	2,847	2,363
Current Portion of Long-Term Debt	297.74	584.37	589.35	213.33	191.9	388.38
Current Unearned Revenue	691.89	627.58	681.13	448.47	461.13	572.28
Current Portion of Leases	-	4.03	3.43	201.64	165.05	127.82
Current Income Taxes Payable	26.65	18.78	18.92	31.29	17.36	39.17
Other Current Liabilities	221.16	642.21	646.46	615.72	536.28	577.45
Total Current Liabilities	3,133	3,238	4,300	4,790	4,594	4,460
Long-Term Debt	4,048	3,926	2,307	1,551	1,179	442.74
Long-Term Leases	3.12	36.07	20.73	173.02	374.73	532.32
Long-Term Unearned Revenue	75.64	50.47	55.64	60.81	66.17	78.77
Long-Term Deferred Tax Liabilities	28.8	29.08	30.19	21.73	34.82	66.55
Other Long-Term Liabilities	44.18	29.39	20.51	18.2	50.89	220.2
Total Liabilities	7,332	7,309	6,733	6,615	6,300	5,801
Common Stock	1,150	1,150	1,150	1,138	1,138	1,138
Additional Paid-In Capital	270.23	270.22	269.31	189.56	188.1	190.97
Retained Earnings	1,419	1,416	1,413	1,335	1,359	1,139
Comprehensive Income & Other	319.57	291.22	303.7	276.06	345.42	353.12
Total Common Equity	3,159	3,128	3,136	2,938	3,031	2,821
Minority Interest	977.16	946	904.54	756.58	736.28	560.52
Shareholders' Equity	4,136	4,074	4,040	3,695	3,767	3,381
Total Liabilities & Equity	11,468	11,383	10,773	10,310	10,067	9,182
Total Debt	5,766	5,529	4,865	5,081	4,758	3,854
Net Cash (Debt)	-5,176	-5,022	-4,140	-4,072	-3,316	-3,283
Net Cash Per Share	-4.19	-4.02	-3.71	-3.19	-2.82	-2.86
Filing Date Shares Outstanding	1,150	1,150	1,150	1,138	1,138	1,138
Total Common Shares Outstanding	1,150	1,150	1,150	1,138	1,138	1,138
Working Capital	-783.8	-864.68	-1,874	-2,006	-1,401	-2,223
Book Value Per Share	2.75	2.72	2.73	2.58	2.66	2.48
Tangible Book Value	2,541	2,489	2,520	2,325	2,441	2,286
Tangible Book Value Per Share	2.21	2.16	2.19	2.04	2.14	2.01
Buildings	-	1,373	1,043	971.21	925.6	869.21
Machinery	-	6,948	6,336	5,917	5,359	5,250
Construction In Progress	-	686.87	863.45	546.35	460.15	551.16

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