SHA:600969 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	1,473	1,634	1,170	1,655	1,544	1,441
Trading Asset Securities	123.31	3.31	34.09	43.56	48.52	46.15
Accounts Receivable	565.95	553.02	493.53	520.93	492.93	357.99
Other Receivables	224.52	361.26	1,057	1,018	405.74	339.55
Inventory	72.66	59.49	69.34	80.78	55.43	58.3
Other Current Assets	90.9	81.77	86.18	41.78	170.19	172.29
Total Current Assets	2,551	2,693	2,910	3,361	2,717	2,416
Property, Plant & Equipment	9,678	9,774	10,015	10,222	10,031	9,429
Goodwill	23.85	23.85	23.85	23.85	23.39	23.39
Other Intangible Assets	394.99	404.95	414.49	419.42	604.82	485.95
Long-Term Investments	1,623	1,595	1,567	1,508	1,525	1,495
Long-Term Deferred Tax Assets	0.3	0.17	2.12	2.54	11.67	6.94
Long-Term Deferred Charges	6.97	8.5	9.01	7.52	5.84	2.49
Other Long-Term Assets	3.91	6.9	5.99	18.04	106.5	99.65
Total Assets	14,282	14,507	14,947	15,562	15,025	13,958
Accounts Payable	1,271	858.85	766.76	727.86	322.59	255.44
Accrued Expenses	48.04	114.73	121.95	181.53	108.21	81.56
Short-Term Debt	342.5	436	200.75	2.23	100	1,078
Current Portion of Long-Term Debt	538.76	557.26	1,190	807.5	379.38	731.31
Current Unearned Revenue	318.45	315.4	302.98	302.82	398.04	341.26
Current Portion of Leases	-	5.88	7.02	12.5	4.5	-
Current Income Taxes Payable	33.51	24.62	18.29	43.36	20.61	16.38
Other Current Liabilities	746.05	882.21	987.06	1,278	1,311	1,379
Total Current Liabilities	3,299	3,195	3,595	3,356	2,644	3,883
Long-Term Debt	6,239	6,667	6,776	7,499	7,647	5,550
Long-Term Leases	51.94	42.88	49.92	44.78	31.97	-
Long-Term Unearned Revenue	694.99	717.2	702.64	729.99	755.35	677.44
Long-Term Deferred Tax Liabilities	0.41	0.36	0.18	0.19	0.2	0.21
Other Long-Term Liabilities	1.31	1.31	1.07	49.64	16	-
Total Liabilities	10,287	10,624	11,125	11,679	11,095	10,110
Common Stock	370.05	370.05	370.05	370.05	370.05	370.05
Additional Paid-In Capital	2,566	2,567	2,559	2,543	2,543	2,537
Retained Earnings	688.25	607.28	643.55	727.05	693.44	657.73
Comprehensive Income & Other	15.89	10.57	12.86	6.99	9.49	6.13
Total Common Equity	3,640	3,555	3,585	3,647	3,616	3,571
Minority Interest	355.09	327.99	236.52	236.15	313.93	277.11
Shareholders' Equity	3,995	3,883	3,822	3,883	3,930	3,848
Total Liabilities & Equity	14,282	14,507	14,947	15,562	15,025	13,958
Total Debt	7,173	7,709	8,225	8,366	8,163	7,358
Net Cash (Debt)	-5,576	-6,072	-7,020	-6,667	-6,570	-5,871
Net Cash Per Share	-15.37	-16.74	-19.34	-18.01	-17.76	-15.86
Filing Date Shares Outstanding	370.05	370.05	370.05	370.05	370.05	370.05
Total Common Shares Outstanding	370.05	370.05	370.05	370.05	370.05	370.05
Working Capital	-747.92	-502.25	-685.1	5.31	72.58	-1,467
Book Value Per Share	9.84	9.61	9.69	9.86	9.77	9.65
Tangible Book Value	3,221	3,126	3,147	3,204	2,988	3,062
Tangible Book Value Per Share	8.70	8.45	8.50	8.66	8.07	8.27
Buildings	-	5,588	5,455	5,226	4,178	3,065
Machinery	-	8,698	8,822	8,691	8,124	7,892
Construction In Progress	-	126.92	112.26	204.06	1,129	1,616

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