SHA:601368 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	1,107	702.1	769.68	842.4	915	1,495
Accounts Receivable	3,369	2,667	1,771	1,116	595.23	203.45
Other Receivables	6.29	10.2	14.88	16.57	22.04	52.77
Inventory	25.05	25.65	31.22	72.13	68.67	63.87
Other Current Assets	259.96	283.44	300.3	308.28	277.51	196.6
Total Current Assets	4,767	3,688	2,888	2,355	1,878	2,011
Property, Plant & Equipment	18,242	17,835	16,327	15,387	13,968	12,091
Other Intangible Assets	1,495	1,526	1,485	1,362	1,085	879.09
Long-Term Investments	8.89	8.31	8.06	6.03	-	-
Long-Term Deferred Tax Assets	183.62	171.62	153.9	139.54	131.63	123.88
Long-Term Deferred Charges	12.04	14.09	14.63	2.64	0.71	10.19
Other Long-Term Assets	111.9	166.62	248.4	75.65	19.93	11.39
Total Assets	24,821	23,409	21,125	19,329	17,084	15,127
Accounts Payable	1,437	2,397	1,765	1,576	1,262	1,239
Accrued Expenses	84.07	265.94	199.22	164.98	158.72	68.24
Short-Term Debt	5	501.48	210.21	-	-	350.43
Current Portion of Long-Term Debt	3,218	2,437	2,103	2,213	1,022	1,465
Current Unearned Revenue	84	99.39	100.87	105.63	106.88	94.61
Current Portion of Leases	-	1.84	1.92	3.36	3.76	-
Current Income Taxes Payable	55.78	20.1	13.75	4.31	36.75	18.11
Other Current Liabilities	692.14	65.9	87.77	80.71	99.58	162.74
Total Current Liabilities	5,576	5,788	4,481	4,147	2,689	3,398
Long-Term Debt	13,517	12,083	11,177	9,720	9,186	6,735
Long-Term Leases	0.48	0.43	1.66	3.35	4.41	-
Long-Term Unearned Revenue	550.25	554.43	572.37	590.27	602.89	550.49
Long-Term Deferred Tax Liabilities	0.31	0.31	-	-	-	0.77
Other Long-Term Liabilities	285.3	215.83	215.83	215.83	19.83	78.6
Total Liabilities	19,929	18,642	16,448	14,676	12,502	10,763
Common Stock	882.97	882.97	882.97	882.97	882.97	882.97
Additional Paid-In Capital	1,521	1,521	1,521	1,521	1,524	1,524
Retained Earnings	2,446	2,337	2,272	2,248	2,174	1,958
Total Common Equity	4,850	4,741	4,676	4,652	4,582	4,365
Minority Interest	42.08	26.22	-	-	-	-
Shareholders' Equity	4,892	4,768	4,676	4,652	4,582	4,365
Total Liabilities & Equity	24,821	23,409	21,125	19,329	17,084	15,127
Total Debt	16,740	15,023	13,494	11,939	10,216	8,550
Net Cash (Debt)	-15,632	-14,321	-12,724	-11,097	-9,301	-7,055
Net Cash Per Share	-17.71	-16.22	-14.42	-12.57	-10.53	-7.99
Filing Date Shares Outstanding	882.97	882.97	882.97	882.97	882.97	882.97
Total Common Shares Outstanding	882.97	882.97	882.97	882.97	882.97	882.97
Working Capital	-808.82	-2,100	-1,594	-1,792	-810.9	-1,387
Book Value Per Share	5.49	5.37	5.30	5.27	5.19	4.94
Tangible Book Value	3,355	3,216	3,192	3,290	3,497	3,486
Tangible Book Value Per Share	3.80	3.64	3.61	3.73	3.96	3.95
Buildings	-	5,901	5,613	5,128	4,678	3,196
Machinery	-	3,385	3,191	2,807	2,472	1,894
Construction In Progress	-	3,637	2,479	3,107	2,714	3,904

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