SHA:601033 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	1,306	1,132	705.09	2,249	944.23	1,808
Short-Term Investments	-	592.34	-	-	-	-
Accounts Receivable	2,604	1,925	1,476	1,029	852.65	467.78
Other Receivables	33.94	357.14	380.64	62.85	163.7	459.88
Inventory	90.41	70.46	79.63	75.66	86.01	74.72
Other Current Assets	540.89	377.11	420.8	356.74	323.13	262.43
Total Current Assets	4,576	4,453	3,062	3,772	2,370	3,072
Property, Plant & Equipment	12,857	12,249	12,950	13,157	10,720	5,764
Other Intangible Assets	6,957	5,770	6,009	6,277	6,154	5,466
Long-Term Investments	825.32	1,191	1,149	758.83	225.25	200.82
Long-Term Deferred Tax Assets	93.27	89.76	90.99	101.84	75.38	35.23
Long-Term Deferred Charges	39.59	57.49	50.64	27.34	42.68	46.37
Other Long-Term Assets	253.36	415.66	559.11	723.88	754.72	924.26
Total Assets	25,617	24,227	23,870	24,818	20,341	15,509
Accounts Payable	2,107	226.3	233.41	398.03	296.14	326.24
Accrued Expenses	256.43	246.55	200.47	198	157.92	94.64
Short-Term Debt	139.72	546.59	1,326	1,497	918.04	725.11
Current Portion of Long-Term Debt	823.4	756.01	939.52	658.77	277.42	407.69
Current Unearned Revenue	49.09	20.09	5.87	1.26	0	2.8
Current Portion of Leases	-	5.29	4.57	4.52	4.28	-
Current Income Taxes Payable	112.28	27.22	14.63	21.28	36.41	5.94
Other Current Liabilities	617.46	2,436	3,028	3,587	3,039	2,031
Total Current Liabilities	4,105	4,264	5,753	6,366	4,729	3,594
Long-Term Debt	9,768	8,827	9,637	9,723	8,907	5,650
Long-Term Leases	10.35	6.36	8.89	12.72	16.19	-
Long-Term Unearned Revenue	507.4	431.69	465.04	503.67	499.06	481.02
Long-Term Deferred Tax Liabilities	77.81	8.7	9.62	10.74	11.24	6.39
Other Long-Term Liabilities	201.98	53.12	49.05	44.61	41.19	34.9
Total Liabilities	14,671	13,591	15,922	16,661	14,203	9,766
Common Stock	900	900	750	750	200	200
Additional Paid-In Capital	8,073	8,073	5,892	5,892	4,987	4,981
Retained Earnings	1,716	1,510	1,157	1,360	830.23	501.89
Comprehensive Income & Other	18.49	4.88	2.55	23.3	3.42	0.98
Total Common Equity	10,707	10,488	7,802	8,025	6,020	5,684
Minority Interest	239.45	148.59	146.34	132.67	117.86	59.21
Shareholders' Equity	10,946	10,636	7,948	8,158	6,138	5,743
Total Liabilities & Equity	25,617	24,227	23,870	24,818	20,341	15,509
Total Debt	10,742	10,141	11,916	11,896	10,122	6,783
Net Cash (Debt)	-9,435	-8,417	-11,211	-9,648	-9,178	-4,975
Net Cash Per Share	-10.49	-9.44	-14.95	-12.95	-14.09	-7.61
Filing Date Shares Outstanding	900	900	750	750	651.19	653.36
Total Common Shares Outstanding	900	900	750	750	651.19	653.36
Working Capital	470.74	189.46	-2,691	-2,594	-2,359	-521.22
Book Value Per Share	11.90	11.65	10.40	10.70	9.25	8.70
Tangible Book Value	3,735	4,717	1,793	1,748	-133.52	217.37
Tangible Book Value Per Share	4.15	5.24	2.39	2.33	-0.21	0.33
Buildings	-	5,745	5,901	4,546	825.58	655.99
Machinery	-	7,947	7,907	7,042	1,067	836.78
Construction In Progress	-	20.64	30.96	1,954	8,943	4,338

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