China Railway Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	196,793	253,503	250,062	234,513	238,584	178,913
Short-Term Investments	-	4,943	4,473	4,134	8,778	5,609
Trading Asset Securities	6,793	12,798	12,025	8,880	10,177	7,154
Cash & Short-Term Investments	203,586	271,244	266,560	247,527	257,539	191,676
Cash Growth	-0.05%	1.76%	7.69%	-3.89%	34.36%	4.15%
Accounts Receivable	681,324	658,134	581,932	393,998	295,069	276,738
Other Receivables	52,048	54,027	47,181	9,757	7,459	7,394
Receivables	733,372	731,445	653,613	409,320	309,729	287,891
Inventory	247,065	235,608	245,716	219,361	207,871	203,446
Prepaid Expenses	-	17,399	17,224	16,203	55,264	13,039
Other Current Assets	129,106	83,972	80,980	113,284	68,163	104,736
Total Current Assets	1,313,130	1,339,667	1,264,092	1,005,695	898,566	800,788
Property, Plant & Equipment	158,721	154,580	148,374	137,104	119,242	75,999
Long-Term Investments	194,061	192,424	189,748	186,276	156,141	140,756
Goodwill	1,348	1,346	1,558	1,676	1,771	1,568
Other Intangible Assets	324,837	298,731	251,624	198,386	170,075	125,625
Long-Term Accounts Receivable	-	267,220	266,418	244,624	204,656	162,668
Long-Term Deferred Tax Assets	19,888	18,592	15,216	13,166	12,226	10,372
Long-Term Deferred Charges	1,380	1,398	1,084	1,073	1,390	1,363
Other Long-Term Assets	475,803	196,622	118,299	41,439	49,216	42,587
Total Assets	2,489,167	2,470,581	2,256,414	1,829,439	1,613,282	1,361,726

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	799,374	430,458	385,754	308,293	280,059	235,504
Accrued Expenses	6,406	401,034	348,489	19,361	17,420	14,304
Short-Term Debt	130,461	98,080	100,674	72,378	71,210	52,843
Current Portion of Long-Term Debt	-	35,086	37,241	35,058	32,061	41,853
Current Portion of Leases	-	1,293	1,137	1,009	343.34	359.91
Current Income Taxes Payable	12,611	4,635	5,358	5,258	4,727	3,939
Current Unearned Revenue	153,519	151,976	162,761	136,720	137,833	144,457
Other Current Liabilities	249,945	272,024	234,783	432,565	329,719	294,601
Total Current Liabilities	1,352,315	1,394,586	1,276,197	1,010,642	873,373	787,860
Long-Term Debt	467,146	418,701	363,406	311,555	279,751	195,142
Long-Term Leases	2,983	3,411	3,015	1,135	1,139	971.8
Long-Term Unearned Revenue	1,500	1,116	929.09	967.77	1,066	988.81
Pension & Post-Retirement Benefits	1,407	1,450	1,654	1,787	2,050	2,293
Long-Term Deferred Tax Liabilities	7,242	6,895	4,711	3,494	3,176	1,647
Other Long-Term Liabilities	94,411	103,824	96,361	39,956	29,710	14,481
Total Liabilities	1,927,005	1,929,982	1,746,274	1,369,537	1,190,264	1,003,384

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	24,531	24,686	24,742	24,752	24,752	24,571
Additional Paid-In Capital	-	-	-	56,618	56,480	55,578
Retained Earnings	245,049	237,707	223,899	202,503	175,355	150,733
Treasury Stock	-	-160.24	-333.49	-575.92	-611.86	-
Comprehensive Income & Other	102,584	108,830	106,407	49,236	45,230	44,389
Total Common Equity	372,164	371,063	354,714	332,534	301,205	275,271
Minority Interest	189,999	169,535	155,425	127,368	121,813	83,072
Shareholders' Equity	562,163	540,598	510,140	459,902	423,018	358,343
Total Liabilities & Equity	2,489,167	2,470,581	2,256,414	1,829,439	1,613,282	1,361,726

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	600,590	556,570	505,474	421,136	384,504	291,170
Net Cash (Debt)	-397,004	-285,327	-238,915	-173,609	-126,966	-99,494
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-16.15	-11.57	-9.70	-7.05	-5.16	-4.05
Filing Date Shares Outstanding	24,531	24,657	24,742	24,751	24,752	24,742
Total Common Shares Outstanding	24,531	24,657	24,742	24,752	24,752	24,571
Working Capital	-39,186	-54,919	-12,105	-4,947	25,193	12,928
Book Value Per Share	13.20	12.91	12.30	11.43	10.33	9.35
Tangible Book Value	45,979	70,985	101,532	132,471	129,359	148,078
Tangible Book Value Per Share	-0.10	0.74	2.07	3.34	3.38	4.17
Buildings	-	57,614	56,687	53,051	47,480	45,372
Machinery	-	94,837	91,468	88,040	84,713	83,316
Construction In Progress	-	75,891	69,063	63,356	50,705	6,847
Order Backlog	-	4,338,970	-	-	-	-