SHA:600995 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	5,897	4,707	3,488	3,224	3,063	2,813
Trading Asset Securities	-	-	500.78	801.24	2,289	-
Accounts Receivable	758.17	571.79	448.59	468.27	482.89	782.94
Other Receivables	27.36	43.03	63.04	0.33	0.91	460.9
Inventory	255.65	245.25	228.3	229.73	230.94	191.46
Prepaid Expenses	-	0.38	0.03	1.99	4.35	16.43
Other Current Assets	464.99	483.01	368.26	398.19	419.35	311.99
Total Current Assets	7,403	6,050	5,097	5,124	6,490	4,577
Property, Plant & Equipment	48,944	47,764	42,138	36,495	32,283	30,468
Other Intangible Assets	860.59	880.52	857.59	845.58	850.32	951.61
Long-Term Investments	995.77	977.21	764	887.07	206.69	149.65
Long-Term Deferred Tax Assets	370.62	355.02	287.91	217.4	163.09	164.84
Long-Term Deferred Charges	266.24	273.18	300.62	319.35	300.64	258.34
Other Long-Term Assets	3,457	2,804	1,021	597.4	469	428.49
Total Assets	62,298	59,104	50,467	44,486	40,762	36,998
Accounts Payable	1,642	1,625	867.31	972.71	1,748	874.74
Accrued Expenses	65.54	162.3	117.23	136.66	143.81	140.03
Short-Term Debt	865.95	850.47	545.62	250.21	-	190.18
Current Portion of Long-Term Debt	3,244	3,076	1,208	442.37	221.68	874.41
Current Unearned Revenue	34.73	32.67	8.88	16.14	2.8	129.38
Current Portion of Leases	-	36.78	34.83	31.43	40.14	36.23
Current Income Taxes Payable	232.69	130.87	69.79	46.87	118.79	85.26
Other Current Liabilities	125.74	292.51	195.65	2,503	1,030	925.37
Total Current Liabilities	6,211	6,207	3,047	4,400	3,306	3,256
Long-Term Debt	22,930	21,790	19,760	14,068	10,286	12,161
Long-Term Leases	163.77	182.34	144.9	169.09	56.32	32.74
Long-Term Unearned Revenue	7.68	7.25	16.93	2.43	1.67	54.88
Long-Term Deferred Tax Liabilities	177.73	179.73	151.42	136.75	99.75	70.82
Other Long-Term Liabilities	3,394	3,912	2,401	1,426	3,665	4,655
Total Liabilities	32,884	32,278	25,521	20,201	17,414	20,230
Common Stock	3,196	3,196	3,196	3,196	3,196	478.53
Additional Paid-In Capital	11,174	11,173	11,173	11,147	11,135	7,784
Retained Earnings	8,931	8,477	7,167	6,470	5,578	5,305
Comprehensive Income & Other	-203.14	-216.96	-191.26	23.1	8.79	-0.34
Total Common Equity	23,097	22,629	21,345	20,837	19,918	13,567
Minority Interest	6,316	4,197	3,601	3,448	3,430	3,201
Shareholders' Equity	29,414	26,826	24,946	24,285	23,348	16,768
Total Liabilities & Equity	62,298	59,104	50,467	44,486	40,762	36,998
Total Debt	27,204	25,936	21,693	14,961	10,604	13,295
Net Cash (Debt)	-21,307	-21,229	-17,704	-10,935	-5,253	-10,481
Net Cash Per Share	-6.62	-6.66	-5.50	-3.45	-2.02	-4.12
Filing Date Shares Outstanding	3,242	3,196	3,196	3,196	3,196	478.53
Total Common Shares Outstanding	3,242	3,196	3,196	3,196	3,196	478.53
Working Capital	1,192	-156.64	2,050	724.46	3,185	1,321
Book Value Per Share	7.13	7.08	6.68	6.52	6.23	28.35
Tangible Book Value	22,237	21,749	20,487	19,991	19,068	12,615
Tangible Book Value Per Share	6.86	6.80	6.41	6.26	5.97	26.36
Buildings	-	32,995	31,235	29,417	29,121	24,161
Machinery	-	23,642	21,817	22,718	22,002	20,415
Construction In Progress	-	17,402	14,232	8,213	3,653	9,360

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