SHA:600903 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	807.3	532.26	507.93	725.53	968.69	1,442
Trading Asset Securities	-	-	-	-	40	-
Accounts Receivable	991.07	1,060	1,101	986.42	1,187	1,099
Other Receivables	63.4	67.25	84.5	113.51	68.85	83.08
Inventory	501.21	467.39	379.39	349.07	377.28	396.36
Other Current Assets	253.56	334.92	300.22	250.9	141.96	172.34
Total Current Assets	2,617	2,461	2,373	2,425	2,784	3,193
Property, Plant & Equipment	7,230	7,195	6,566	6,033	5,484	5,011
Goodwill	65.94	65.94	73.6	77.74	77.74	77.74
Other Intangible Assets	543.43	545.72	565.64	537.84	535.89	512.67
Long-Term Investments	814.16	811.32	815.16	743.5	673.76	762.32
Long-Term Deferred Tax Assets	122.34	121.7	118.03	100.12	90.13	60.67
Long-Term Deferred Charges	356.81	354.44	268.48	231.17	195.75	161.4
Other Long-Term Assets	283.84	287.64	602.88	624.58	468.65	288.79
Total Assets	12,033	11,843	11,383	10,773	10,310	10,067
Accounts Payable	476.87	562.26	232.17	237.72	192.63	248.32
Accrued Expenses	43.94	132.91	149.95	177.48	144.88	127.04
Short-Term Debt	898.69	1,343	978.51	1,945	2,942	2,847
Current Portion of Long-Term Debt	1,342	915.41	584.37	589.35	213.33	191.9
Current Unearned Revenue	587.47	579.73	627.58	681.13	448.47	461.13
Current Portion of Leases	-	-	4.03	3.43	201.64	165.05
Current Income Taxes Payable	35.33	21.7	18.78	18.92	31.29	17.36
Other Current Liabilities	196.63	204.13	642.21	646.46	615.72	536.28
Total Current Liabilities	3,581	3,759	3,238	4,300	4,790	4,594
Long-Term Debt	4,076	3,826	3,926	2,307	1,551	1,179
Long-Term Leases	3.02	3.27	36.07	20.73	173.02	374.73
Long-Term Unearned Revenue	85.48	87.09	50.47	55.64	60.81	66.17
Long-Term Deferred Tax Liabilities	29.1	31.23	29.08	30.19	21.73	34.82
Other Long-Term Liabilities	35.45	43.51	29.39	20.51	18.2	50.89
Total Liabilities	7,810	7,750	7,309	6,733	6,615	6,300
Common Stock	1,150	1,150	1,150	1,150	1,138	1,138
Additional Paid-In Capital	270.26	270.26	270.22	269.31	189.56	188.1
Retained Earnings	1,525	1,423	1,416	1,413	1,335	1,359
Comprehensive Income & Other	278.76	275.71	291.22	303.7	276.06	345.42
Total Common Equity	3,224	3,119	3,128	3,136	2,938	3,031
Minority Interest	998.74	973.52	946	904.54	756.58	736.28
Shareholders' Equity	4,223	4,093	4,074	4,040	3,695	3,767
Total Liabilities & Equity	12,033	11,843	11,383	10,773	10,310	10,067
Total Debt	6,320	6,088	5,529	4,865	5,081	4,758
Net Cash (Debt)	-5,513	-5,555	-5,022	-4,140	-4,072	-3,316
Net Cash Per Share	-4.74	-4.72	-4.02	-3.71	-3.19	-2.82
Filing Date Shares Outstanding	1,126	1,405	1,150	1,150	1,138	1,138
Total Common Shares Outstanding	1,126	1,405	1,150	1,150	1,138	1,138
Working Capital	-964.74	-1,298	-864.68	-1,874	-2,006	-1,401
Book Value Per Share	2.86	2.22	2.72	2.73	2.58	2.66
Tangible Book Value	2,614	2,508	2,489	2,520	2,325	2,441
Tangible Book Value Per Share	2.32	1.79	2.16	2.19	2.04	2.14
Buildings	-	-	1,373	1,043	971.21	925.6
Machinery	-	-	6,948	6,336	5,917	5,359
Construction In Progress	-	-	686.87	863.45	546.35	460.15

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