SHA:601033 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	1,891	629.43	1,132	705.09	2,249	944.23
Short-Term Investments	-	41.22	592.34	-	-	-
Accounts Receivable	2,902	2,702	1,925	1,476	1,029	852.65
Other Receivables	16.4	21.45	357.14	380.64	62.85	163.7
Inventory	97.12	95.97	70.46	79.63	75.66	86.01
Other Current Assets	418.36	366.51	377.11	420.8	356.74	323.13
Total Current Assets	5,326	3,856	4,453	3,062	3,772	2,370
Property, Plant & Equipment	12,115	12,171	12,249	12,950	13,157	10,720
Goodwill	15.43	15.43	-	-	-	-
Other Intangible Assets	7,297	7,398	5,770	6,009	6,277	6,154
Long-Term Investments	868.94	847.01	1,191	1,149	758.83	225.25
Long-Term Deferred Tax Assets	109.7	108.39	89.76	90.99	101.84	75.38
Long-Term Deferred Charges	40.35	46.69	57.49	50.64	27.34	42.68
Other Long-Term Assets	472.9	504.63	415.66	559.11	723.88	754.72
Total Assets	26,245	24,948	24,227	23,870	24,818	20,341
Accounts Payable	1,712	450	226.3	233.41	398.03	296.14
Accrued Expenses	264.45	318.7	246.55	200.47	198	157.92
Short-Term Debt	168.26	306.45	546.59	1,326	1,497	918.04
Current Portion of Long-Term Debt	944.91	851.01	756.01	939.52	658.77	277.42
Current Unearned Revenue	45.81	52.47	20.09	5.87	1.26	0
Current Portion of Leases	-	5.6	5.29	4.57	4.52	4.28
Current Income Taxes Payable	83.39	28.43	27.22	14.63	21.28	36.41
Other Current Liabilities	525.37	1,845	2,436	3,028	3,587	3,039
Total Current Liabilities	3,744	3,858	4,264	5,753	6,366	4,729
Long-Term Debt	10,438	9,402	8,827	9,637	9,723	8,907
Long-Term Leases	8.26	8.89	6.36	8.89	12.72	16.19
Long-Term Unearned Revenue	480.04	490.8	431.69	465.04	503.67	499.06
Long-Term Deferred Tax Liabilities	75.85	76.94	8.7	9.62	10.74	11.24
Other Long-Term Liabilities	205.39	64.91	53.12	49.05	44.61	41.19
Total Liabilities	14,951	13,902	13,591	15,922	16,661	14,203
Common Stock	900	900	900	750	750	200
Additional Paid-In Capital	8,073	8,073	8,073	5,892	5,892	4,987
Retained Earnings	2,068	1,830	1,510	1,157	1,360	830.23
Comprehensive Income & Other	15.69	9.28	4.88	2.55	23.3	3.42
Total Common Equity	11,056	10,812	10,488	7,802	8,025	6,020
Minority Interest	237.94	234.1	148.59	146.34	132.67	117.86
Shareholders' Equity	11,294	11,047	10,636	7,948	8,158	6,138
Total Liabilities & Equity	26,245	24,948	24,227	23,870	24,818	20,341
Total Debt	11,559	10,574	10,141	11,916	11,896	10,122
Net Cash (Debt)	-9,668	-9,904	-8,417	-11,211	-9,648	-9,178
Net Cash Per Share	-10.73	-11.05	-9.44	-14.95	-12.95	-14.09
Filing Date Shares Outstanding	913.01	900	900	750	750	651.19
Total Common Shares Outstanding	913.01	900	900	750	750	651.19
Working Capital	1,582	-1.37	189.46	-2,691	-2,594	-2,359
Book Value Per Share	12.11	12.01	11.65	10.40	10.70	9.25
Tangible Book Value	3,743	3,399	4,717	1,793	1,748	-133.52
Tangible Book Value Per Share	4.10	3.78	5.24	2.39	2.33	-0.21
Buildings	-	5,798	5,745	5,901	4,546	825.58
Machinery	-	7,976	7,947	7,907	7,042	1,067
Construction In Progress	-	421.85	20.64	30.96	1,954	8,943

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