SHA:600905 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	4,443	3,776	5,431	5,104	10,653	13,091
Accounts Receivable	50,731	48,299	44,794	36,738	27,007	19,462
Other Receivables	1,207	1,219	1,108	981.86	1,444	829.34
Inventory	468.86	466.99	469.93	355.28	222.2	130.96
Prepaid Expenses	-	34.72	14.43	4.74	2.92	0.02
Other Current Assets	3,207	3,100	3,108	4,318	3,565	1,500
Total Current Assets	60,057	56,895	54,926	47,501	42,894	35,013
Property, Plant & Equipment	282,179	279,913	255,814	221,583	182,532	151,838
Goodwill	1,501	1,501	1,602	1,723	1,667	1,545
Other Intangible Assets	7,437	7,527	6,471	5,330	4,955	1,738
Long-Term Investments	19,699	19,787	19,572	19,090	18,193	15,862
Long-Term Deferred Tax Assets	1,223	1,105	930.79	802.02	655.66	473.93
Long-Term Deferred Charges	573.27	647.63	544	395.65	235.96	183.05
Other Long-Term Assets	20,386	19,781	17,146	15,420	11,202	12,250
Total Assets	393,055	387,156	357,006	311,845	262,334	218,903
Accounts Payable	30,706	30,410	28,914	26,465	24,940	21,874
Accrued Expenses	139.78	268.6	263.52	253.44	207.87	427.49
Short-Term Debt	1,510	3,011	823.72	2,610	4,371	6,119
Current Portion of Long-Term Debt	22,802	22,832	24,000	11,860	13,382	5,184
Current Unearned Revenue	660.95	640.31	497.36	219.41	68.52	2.27
Current Portion of Leases	-	1,539	2,160	374.68	354.39	252.55
Current Income Taxes Payable	522.89	239.98	367.35	217.98	173.23	136.77
Other Current Liabilities	2,328	4,942	6,415	4,809	3,693	4,396
Total Current Liabilities	58,670	63,883	63,441	46,810	47,191	38,393
Long-Term Debt	178,007	169,118	152,193	138,850	106,091	83,677
Long-Term Leases	4,671	4,579	4,680	5,621	6,498	4,133
Long-Term Unearned Revenue	66.73	67.95	63.2	65.21	66.04	64.17
Pension & Post-Retirement Benefits	11.25	11.25	13.29	12.47	11.72	11.13
Long-Term Deferred Tax Liabilities	1,313	1,313	1,310	1,244	1,241	1,174
Other Long-Term Liabilities	40,150	39,439	31,582	23,807	13,126	13,331
Total Liabilities	282,889	278,411	253,282	216,410	174,225	140,783
Common Stock	28,588	28,588	28,620	28,623	28,620	28,571
Additional Paid-In Capital	23,794	23,794	23,977	23,788	23,741	23,329
Retained Earnings	36,491	35,450	33,607	29,730	24,773	18,232
Treasury Stock	-	-	-105.63	-167.62	-163	-
Comprehensive Income & Other	845.08	825.4	669.87	506.5	212.82	90.28
Total Common Equity	89,717	88,658	86,768	82,480	77,184	70,222
Minority Interest	20,448	20,087	16,956	12,956	10,925	7,898
Shareholders' Equity	110,166	108,744	103,724	95,436	88,109	78,120
Total Liabilities & Equity	393,055	387,156	357,006	311,845	262,334	218,903
Total Debt	206,991	201,079	183,856	159,315	130,697	99,365
Net Cash (Debt)	-202,547	-197,303	-178,425	-154,212	-120,044	-86,275
Net Cash Per Share	-7.08	-6.89	-6.24	-5.39	-4.20	-3.55
Filing Date Shares Outstanding	28,588	28,588	28,620	28,623	28,620	28,621
Total Common Shares Outstanding	28,588	28,588	28,620	28,623	28,620	28,571
Working Capital	1,387	-6,988	-8,514	691.77	-4,297	-3,379
Book Value Per Share	3.14	3.10	3.03	2.88	2.70	2.46
Tangible Book Value	80,780	79,630	78,695	75,427	70,562	66,939
Tangible Book Value Per Share	2.83	2.79	2.75	2.64	2.47	2.34
Buildings	-	22,167	19,963	17,514	17,723	10,600
Machinery	-	244,265	223,058	184,545	151,327	102,116
Construction In Progress	-	68,539	55,701	52,988	35,491	57,505

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