SHA:601368 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	1,280	815.84	702.1	769.68	842.4	915
Accounts Receivable	3,603	3,392	2,667	1,771	1,116	595.23
Other Receivables	3.66	8.79	10.2	14.88	16.57	22.04
Inventory	26.68	23.13	25.65	31.22	72.13	68.67
Other Current Assets	241.29	248.28	283.44	300.3	308.28	277.51
Total Current Assets	5,154	4,488	3,688	2,888	2,355	1,878
Property, Plant & Equipment	18,919	18,898	17,835	16,327	15,387	13,968
Other Intangible Assets	1,796	1,810	1,526	1,485	1,362	1,085
Long-Term Investments	9.23	9.23	8.31	8.06	6.03	-
Long-Term Deferred Tax Assets	216.9	217.13	171.62	153.9	139.54	131.63
Long-Term Deferred Charges	11.9	12.5	14.09	14.63	2.64	0.71
Other Long-Term Assets	112.53	125.91	166.62	248.4	75.65	19.93
Total Assets	26,220	25,560	23,409	21,125	19,329	17,084
Accounts Payable	1,660	2,020	2,397	1,765	1,576	1,262
Accrued Expenses	52.87	192.32	265.94	199.22	164.98	158.72
Short-Term Debt	-	508.86	501.48	210.21	-	-
Current Portion of Long-Term Debt	3,519	3,480	2,437	2,103	2,213	1,022
Current Unearned Revenue	84.62	97.71	99.39	100.87	105.63	106.88
Current Portion of Leases	-	0.98	1.84	1.92	3.36	3.76
Current Income Taxes Payable	64.25	35.99	20.1	13.75	4.31	36.75
Other Current Liabilities	1,184	67.88	65.9	87.77	80.71	99.58
Total Current Liabilities	6,565	6,404	5,788	4,481	4,147	2,689
Long-Term Debt	13,672	13,375	12,083	11,177	9,720	9,186
Long-Term Leases	1.16	0.97	0.43	1.66	3.35	4.41
Long-Term Unearned Revenue	614.52	638.49	554.43	572.37	590.27	602.89
Long-Term Deferred Tax Liabilities	0.33	0.33	0.31	-	-	-
Other Long-Term Liabilities	493.12	290.85	215.83	215.83	215.83	19.83
Total Liabilities	21,345	20,709	18,642	16,448	14,676	12,502
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	1,521	1,524
Retained Earnings	2,431	2,406	2,337	2,272	2,248	2,174
Total Common Equity	4,835	4,810	4,741	4,676	4,652	4,582
Minority Interest	39.68	41.53	26.22	-	-	-
Shareholders' Equity	4,875	4,852	4,768	4,676	4,652	4,582
Total Liabilities & Equity	26,220	25,560	23,409	21,125	19,329	17,084
Total Debt	17,191	17,365	15,023	13,494	11,939	10,216
Net Cash (Debt)	-15,912	-16,549	-14,321	-12,724	-11,097	-9,301
Net Cash Per Share	-17.93	-18.73	-16.22	-14.42	-12.57	-10.53
Filing Date Shares Outstanding	883.93	882.97	882.97	882.97	882.97	882.97
Total Common Shares Outstanding	883.93	882.97	882.97	882.97	882.97	882.97
Working Capital	-1,410	-1,916	-2,100	-1,594	-1,792	-810.9
Book Value Per Share	5.47	5.45	5.37	5.30	5.27	5.19
Tangible Book Value	3,039	3,001	3,216	3,192	3,290	3,497
Tangible Book Value Per Share	3.44	3.40	3.64	3.61	3.73	3.96
Buildings	-	5,930	5,901	5,613	5,128	4,678
Machinery	-	3,462	3,385	3,191	2,807	2,472
Construction In Progress	-	4,896	3,637	2,479	3,107	2,714

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