SHA:601016 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	3,781	2,425	2,323	2,204	3,428	1,671
Trading Asset Securities	-	-	-	-	2,306	-
Accounts Receivable	8,084	7,693	7,615	6,480	5,178	4,966
Other Receivables	250.04	303.14	98.79	177.94	82.92	70.9
Inventory	123.15	128.55	114.77	124.1	166.21	167.5
Other Current Assets	388.96	389.63	401.78	435.58	432.57	432.65
Total Current Assets	12,627	10,940	10,553	9,422	11,593	7,308
Property, Plant & Equipment	30,543	30,920	31,221	30,772	30,061	30,386
Other Intangible Assets	754.3	716.33	440.05	358.37	321.32	289.36
Long-Term Investments	19.91	19.91	18.69	17.6	81.83	81.01
Long-Term Deferred Tax Assets	134.89	134.26	89.49	89.1	69.62	94.52
Long-Term Deferred Charges	38.4	39.41	281.71	89.63	94.3	97.8
Other Long-Term Assets	1,887	1,624	1,462	1,506	1,549	1,564
Total Assets	46,004	44,394	44,066	42,255	43,770	39,820
Accounts Payable	1,462	1,754	1,816	2,139	2,175	3,259
Accrued Expenses	16.92	24.45	68.47	80.15	83.15	98.83
Short-Term Debt	930.06	430.26	571.3	-	634.66	261.08
Current Portion of Long-Term Debt	2,122	2,438	2,308	2,239	3,620	2,210
Current Unearned Revenue	0.47	2.48	2.56	2.63	1.84	2.41
Current Portion of Leases	-	-	11.53	12.99	12.58	27.81
Current Income Taxes Payable	76.44	57.59	50.59	70.05	72.28	33.29
Other Current Liabilities	69.01	148.85	311.64	93.62	274.12	271.51
Total Current Liabilities	4,677	4,856	5,140	4,638	6,873	6,164
Long-Term Debt	21,069	20,847	20,217	19,450	19,862	21,170
Long-Term Leases	161.93	159.13	156.99	168.77	161.13	436.54
Long-Term Unearned Revenue	87.59	92.96	119.75	141.44	161.25	177.28
Long-Term Deferred Tax Liabilities	102.94	101.78	99.29	103.7	97.88	86.06
Other Long-Term Liabilities	1,067	94.79	6.79	7.95	32.13	-
Total Liabilities	27,166	26,152	25,740	24,510	27,188	28,034
Common Stock	6,544	6,440	6,474	6,475	6,475	5,013
Additional Paid-In Capital	4,562	4,267	4,331	4,495	4,305	2,430
Retained Earnings	6,654	6,450	6,517	5,710	4,776	3,421
Treasury Stock	-0.43	-0.43	-11.56	-25.59	-42.27	-45.02
Comprehensive Income & Other	315.65	330.1	232.22	285.46	286.3	244.74
Total Common Equity	18,076	17,487	17,543	16,939	15,800	11,064
Minority Interest	762.31	754.62	782.43	806.02	781.83	721.66
Shareholders' Equity	18,838	18,242	18,326	17,745	16,582	11,786
Total Liabilities & Equity	46,004	44,394	44,066	42,255	43,770	39,820
Total Debt	24,283	23,874	23,265	21,871	24,291	24,106
Net Cash (Debt)	-20,502	-21,449	-20,942	-19,667	-18,558	-22,435
Net Cash Per Share	-3.15	-3.32	-3.13	-2.91	-3.34	-4.39
Filing Date Shares Outstanding	6,580	6,472	6,474	6,475	6,475	5,013
Total Common Shares Outstanding	6,580	6,472	6,474	6,475	6,475	5,013
Working Capital	7,950	6,084	5,414	4,784	4,720	1,144
Book Value Per Share	2.75	2.70	2.71	2.62	2.44	2.21
Tangible Book Value	17,321	16,771	17,103	16,581	15,479	10,775
Tangible Book Value Per Share	2.63	2.59	2.64	2.56	2.39	2.15
Land	-	-	2	2.16	2.1	2.05
Buildings	-	-	2,318	1,611	1,474	1,389
Machinery	-	-	41,056	38,139	36,994	29,906
Construction In Progress	-	-	1,015	2,299	1,022	6,889

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