SHA:600979 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	597.54	347.44	504.81	596.44	853.35	492.98
Trading Asset Securities	10.01	10.01	26.54	6.37	46.2	22.22
Accounts Receivable	881.78	879.19	832.08	536.01	404.39	354.87
Other Receivables	121.29	105.75	78.16	89.83	83.77	72.7
Inventory	131.56	129.41	115.11	88.82	76.09	130.39
Prepaid Expenses	-	-	53.9	38.43	19.74	15.79
Loans Receivable Current	-	-	90	50	100	175.02
Other Current Assets	832.39	565.05	425.36	120.03	66.78	70.04
Total Current Assets	2,575	2,037	2,126	1,526	1,650	1,334
Property, Plant & Equipment	8,458	8,552	7,239	6,990	6,791	6,560
Goodwill	78.65	78.79	79.35	79.91	80.47	81.03
Other Intangible Assets	347.93	352.03	347.05	350.74	326.26	285.63
Long-Term Investments	1,056	1,055	1,126	1,410	1,351	1,202
Long-Term Deferred Tax Assets	140.37	133.58	88.74	78.36	61.94	52.3
Long-Term Deferred Charges	15.65	15.84	12.37	15.09	15.16	15.09
Long-Term Accounts Receivable	-	-	19.31	26.5	29.87	13.66
Other Long-Term Assets	644.33	647.64	345.36	354.79	25.2	80.54
Total Assets	13,315	12,872	11,383	10,831	10,331	9,624
Accounts Payable	1,018	1,180	758.05	569.31	433.84	359.72
Accrued Expenses	86.23	136.26	179.84	153.29	156.81	130.4
Short-Term Debt	142.61	288.63	187.15	260.06	637.89	352.36
Current Portion of Long-Term Debt	639.19	651.27	545.31	286.85	393.96	506.3
Current Unearned Revenue	443.02	416.59	423.62	480.5	370.54	392.48
Current Portion of Leases	-	-	2.65	1.59	2.56	2.5
Current Income Taxes Payable	35.88	48.68	21.73	27.76	20.74	13.57
Other Current Liabilities	739.94	741.05	434.79	308.9	377.18	424.13
Total Current Liabilities	3,105	3,463	2,553	2,088	2,394	2,181
Long-Term Debt	4,054	2,650	2,471	2,549	2,071	1,842
Long-Term Leases	12.05	8.39	2.88	3.42	4.33	7.4
Long-Term Unearned Revenue	304.12	306.99	285	290.08	290.12	259.75
Long-Term Deferred Tax Liabilities	71.34	69	63.8	82.08	51.07	43.03
Other Long-Term Liabilities	1,323	1,963	1,230	1,212	1,073	940.07
Total Liabilities	8,870	8,460	6,606	6,225	5,883	5,274
Common Stock	1,262	1,262	1,262	1,232	1,232	1,232
Additional Paid-In Capital	1,553	1,552	1,544	1,512	1,512	1,498
Retained Earnings	1,378	1,353	1,811	1,643	1,478	1,377
Treasury Stock	-60.15	-60.15	-60.15	-	-	-
Comprehensive Income & Other	19.97	14.9	10.65	7.73	8.43	10.96
Total Common Equity	4,152	4,121	4,566	4,395	4,230	4,118
Minority Interest	293.06	290.79	210.5	211.24	217.87	231.81
Shareholders' Equity	4,445	4,412	4,777	4,606	4,448	4,350
Total Liabilities & Equity	13,315	12,872	11,383	10,831	10,331	9,624
Total Debt	4,848	3,599	3,209	3,101	3,109	2,711
Net Cash (Debt)	-4,241	-3,241	-2,678	-2,498	-2,210	-2,196
Net Cash Per Share	-3.36	-2.57	-2.15	-2.03	-1.79	-1.78
Filing Date Shares Outstanding	1,260	1,264	1,173	1,262	1,232	1,232
Total Common Shares Outstanding	1,260	1,264	1,173	1,232	1,232	1,232
Working Capital	-530.56	-1,426	-427.2	-562.3	-743.21	-847.45
Book Value Per Share	3.29	3.26	3.89	3.57	3.43	3.34
Tangible Book Value	3,725	3,691	4,140	3,964	3,824	3,751
Tangible Book Value Per Share	2.96	2.92	3.53	3.22	3.10	3.04
Buildings	-	-	4,490	4,262	4,228	4,080
Machinery	-	-	249	223.89	137.84	134.44
Construction In Progress	-	-	520.63	565.22	453.36	375.5

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