SHA:600917 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	726.35	957.76	1,054	1,099	1,602	1,204
Trading Asset Securities	10.94	-	100	-	24.09	31
Accounts Receivable	1,133	1,055	1,016	796.01	509.05	244.93
Other Receivables	51.76	42.45	78.85	221.85	64.05	43.23
Inventory	95.32	81.7	51.87	71.42	60.88	87.36
Other Current Assets	566.52	490.96	489.57	543.66	599.42	392.65
Total Current Assets	2,584	2,628	2,791	2,732	2,860	2,003
Property, Plant & Equipment	5,931	5,833	5,895	5,658	5,426	5,271
Goodwill	72.14	72.14	72.14	72.14	72.14	72.14
Other Intangible Assets	414.58	422.17	412.98	380.34	374.81	365.74
Long-Term Investments	1,831	1,801	1,658	1,446	1,325	1,145
Long-Term Deferred Tax Assets	172.6	174.3	154.16	143.71	145.55	146.01
Long-Term Deferred Charges	59.75	60.79	46.28	42.79	12.47	15.11
Other Long-Term Assets	40.27	40.8	45.61	54.72	57.03	62.73
Total Assets	11,105	11,032	11,075	10,530	10,273	9,080
Accounts Payable	1,826	1,154	846.32	453.36	351.67	375.63
Accrued Expenses	277.13	421.23	356.26	216.91	154.24	178.55
Short-Term Debt	344.26	333	65	364	651	160.86
Current Portion of Long-Term Debt	21.62	23.32	518.64	14.01	9.85	13.03
Current Unearned Revenue	997.89	828.16	1,105	1,340	1,397	1,352
Current Portion of Leases	-	1.28	2.44	1.3	1.3	1.24
Current Income Taxes Payable	62.69	22.34	28.04	45.81	29.29	23.12
Other Current Liabilities	294.25	959.33	879.04	599.78	537.5	461.66
Total Current Liabilities	3,824	3,743	3,801	3,035	3,132	2,566
Long-Term Debt	297.91	279.49	281.34	681.42	626.88	144.37
Long-Term Leases	15.94	6.05	0.73	1.48	2.78	4.08
Long-Term Unearned Revenue	109.64	113.07	125.14	123.5	145.19	155.7
Long-Term Deferred Tax Liabilities	27.08	26.48	25.84	5.09	9.68	11.7
Other Long-Term Liabilities	384.02	394.62	625.75	781.92	931.19	1,084
Total Liabilities	4,658	4,563	4,859	4,628	4,848	3,965
Common Stock	1,561	1,561	1,561	1,571	1,571	1,571
Additional Paid-In Capital	1,050	1,050	1,040	1,076	1,069	1,046
Retained Earnings	2,961	3,000	2,918	2,713	2,417	2,142
Treasury Stock	-	-	-	-37.8	-56.3	-56.3
Comprehensive Income & Other	195.8	187.02	176.29	63.63	50.51	51.3
Total Common Equity	5,768	5,798	5,695	5,385	5,051	4,754
Minority Interest	678.85	671.31	521.14	516.91	374.44	360.62
Shareholders' Equity	6,447	6,470	6,216	5,902	5,425	5,115
Total Liabilities & Equity	11,105	11,032	11,075	10,530	10,273	9,080
Total Debt	679.73	643.13	868.15	1,062	1,292	323.59
Net Cash (Debt)	57.55	314.64	286.24	37.08	334.63	911.54
Net Cash Growth	-59.43%	9.92%	671.86%	-88.92%	-63.29%	-15.40%
Net Cash Per Share	0.04	0.19	0.19	0.02	0.21	0.58
Filing Date Shares Outstanding	1,562	1,561	1,561	1,571	1,571	1,571
Total Common Shares Outstanding	1,562	1,561	1,561	1,571	1,571	1,571
Working Capital	-1,240	-1,115	-1,010	-302.61	-272.39	-562.29
Book Value Per Share	3.69	3.71	3.65	3.43	3.21	3.03
Tangible Book Value	5,281	5,304	5,210	4,933	4,604	4,316
Tangible Book Value Per Share	3.38	3.40	3.34	3.14	2.93	2.75
Land	-	-	-	-	-	0.22
Buildings	-	1,706	1,697	1,572	1,710	1,662
Machinery	-	1,207	1,046	897.87	849.91	820.14
Construction In Progress	-	387.12	481.7	904.18	729.63	655.92

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