SHA:600930 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	7,970	6,656	13,281	6,388	9,642	9,288
Trading Asset Securities	-	-	-	0	-	-
Accounts Receivable	49,716	46,402	45,512	35,798	27,399	31,560
Other Receivables	1,964	282.98	159.72	255.21	199.39	327.5
Inventory	137.23	105.83	81.1	73.58	74.53	64.52
Other Current Assets	4,596	6,011	5,601	4,335	2,713	2,649
Total Current Assets	64,382	59,459	64,634	46,851	40,029	43,889
Property, Plant & Equipment	406,227	397,502	321,050	247,612	203,315	150,343
Goodwill	723.92	723.92	723.92	496.38	450.34	348.99
Other Intangible Assets	7,218	7,175	5,947	5,577	5,164	5,124
Long-Term Investments	15,102	14,897	13,960	12,942	12,195	11,226
Long-Term Deferred Tax Assets	744.46	715.19	619.84	444.57	393.88	405.75
Long-Term Deferred Charges	727.55	911.12	610.46	551.67	363.76	333.66
Other Long-Term Assets	39,635	36,738	36,544	19,369	9,767	5,687
Total Assets	534,760	518,120	444,090	333,842	271,678	217,358
Accounts Payable	29,346	20,617	18,539	15,709	12,554	10,942
Accrued Expenses	65.42	274.32	283.54	324.14	220.38	266.09
Short-Term Debt	55,600	42,895	40,271	35,401	38,501	17,518
Current Portion of Long-Term Debt	-	31,489	26,665	13,068	8,450	7,818
Current Unearned Revenue	60.91	4.31	3.27	0.28	-	8.56
Current Portion of Leases	-	2,312	1,176	892.7	610.63	704.24
Current Income Taxes Payable	731.05	291.14	310.42	273.37	206.51	178.46
Other Current Liabilities	26,942	17,779	18,607	16,231	13,400	26,639
Total Current Liabilities	112,746	115,661	105,857	81,899	73,943	64,075
Long-Term Debt	221,234	203,245	183,026	144,761	107,861	81,566
Long-Term Leases	35,185	34,861	24,831	14,598	9,887	8,562
Long-Term Unearned Revenue	95.61	96.86	91.33	94.5	89.33	89.61
Long-Term Deferred Tax Liabilities	668.73	659.15	686.95	339.57	306.37	107.41
Other Long-Term Liabilities	9,612	9,985	9,978	2,559	1,294	642.02
Total Liabilities	379,541	364,508	324,469	244,252	193,381	155,042
Common Stock	41,714	41,714	36,000	36,000	36,000	19,008
Additional Paid-In Capital	24,366	24,362	12,128	12,328	13,346	29,586
Retained Earnings	43,877	43,236	36,485	28,005	18,569	10,633
Comprehensive Income & Other	27,911	27,632	20,969	7,221	5,034	-88.59
Total Common Equity	137,869	136,944	105,582	83,554	72,950	59,139
Minority Interest	17,350	16,669	14,039	6,036	5,347	3,177
Shareholders' Equity	155,218	153,613	119,621	89,591	78,297	62,316
Total Liabilities & Equity	534,760	518,120	444,090	333,842	271,678	217,358
Total Debt	312,020	314,802	275,970	208,721	165,310	116,169
Net Cash (Debt)	-304,050	-308,146	-262,689	-202,333	-155,668	-106,881
Net Cash Per Share	-7.32	-7.64	-7.14	-	-	-
Filing Date Shares Outstanding	41,714	41,714	37,304	-	-	-
Total Common Shares Outstanding	41,714	41,714	37,304	-	-	-
Working Capital	-48,363	-56,202	-41,222	-35,049	-33,914	-20,186
Book Value Per Share	2.65	2.63	2.27	-	-	-
Tangible Book Value	129,927	129,046	98,911	77,481	67,335	53,665
Tangible Book Value Per Share	2.46	2.44	2.09	-	-	-
Buildings	-	19,840	15,733	12,748	10,716	8,663
Machinery	-	333,326	270,133	225,269	174,691	141,635
Construction In Progress	-	83,561	74,946	49,739	54,168	30,427

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