SHA:603291 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	130.79	126.13	182.5	162.36	127.45
Short-Term Investments	-	5.14	5.04	-	-
Trading Asset Securities	-	0.9	12.82	1.7	3
Accounts Receivable	406.18	431.98	399.1	396.6	312.97
Other Receivables	70.8	8.22	12.01	27.94	22.68
Inventory	32.99	29.33	38.01	27.47	23.4
Prepaid Expenses	-	0.22	0.39	0.67	1.01
Other Current Assets	59.82	93.54	71.4	69.68	29.89
Total Current Assets	700.58	695.47	721.27	686.42	520.4
Property, Plant & Equipment	746.06	763.88	759.1	642.52	645.08
Other Intangible Assets	2,140	2,110	2,064	2,064	1,993
Long-Term Investments	67.97	37.82	-	-	-
Long-Term Deferred Tax Assets	57.58	46.28	38.91	32.58	25.21
Long-Term Deferred Charges	11.7	13.56	8.56	5.72	5.19
Long-Term Accounts Receivable	-	46.28	42.56	50.11	12.23
Other Long-Term Assets	76.2	2.12	0.26	8.85	5.31
Total Assets	3,800	3,715	3,635	3,491	3,207
Accounts Payable	226.19	267.85	310.1	336.12	300.22
Accrued Expenses	15.74	46.31	43.22	51.07	56.85
Short-Term Debt	304.64	171.48	115.96	158.11	54.06
Current Portion of Long-Term Debt	162.83	142.32	144.7	168.95	115.63
Current Unearned Revenue	62.05	64.72	80.24	75.29	69.63
Current Portion of Leases	-	7.77	4.15	6.38	5.86
Current Income Taxes Payable	41.77	16.06	30.74	27.42	27.9
Other Current Liabilities	44.69	44.03	40.57	90.43	107.23
Total Current Liabilities	857.92	760.54	769.68	913.77	737.38
Long-Term Debt	524.05	545.02	525.9	570.24	559.45
Long-Term Leases	9.65	17.85	16.71	21.58	78.41
Long-Term Unearned Revenue	165.79	180.09	187.29	321.11	193.91
Long-Term Deferred Tax Liabilities	44.98	43.88	43.21	52.05	49.74
Other Long-Term Liabilities	335.34	341.25	337.24	193.02	310.66
Total Liabilities	1,938	1,889	1,880	2,072	1,930
Common Stock	423.22	423.22	423.22	380.9	380.9
Additional Paid-In Capital	490.22	490.22	490.22	331.59	329.44
Retained Earnings	898.84	860.98	789.35	659.66	529.93
Comprehensive Income & Other	-0.38	1.93	3.29	2.15	4.17
Total Common Equity	1,812	1,776	1,706	1,374	1,244
Minority Interest	50.25	50.26	49.02	44.43	32.69
Shareholders' Equity	1,862	1,827	1,755	1,419	1,277
Total Liabilities & Equity	3,800	3,715	3,635	3,491	3,207
Total Debt	1,001	884.44	807.43	925.26	813.41
Net Cash (Debt)	-870.38	-752.27	-607.07	-761.2	-682.96
Net Cash Per Share	-2.06	-1.78	-1.47	-2.00	-1.79
Filing Date Shares Outstanding	422.97	423.22	423.22	380.9	380.9
Total Common Shares Outstanding	422.97	423.22	423.22	380.9	380.9
Working Capital	-157.34	-65.07	-48.41	-227.35	-216.98
Book Value Per Share	4.28	4.20	4.03	3.61	3.27
Tangible Book Value	-327.88	-333.48	-358.4	-690.01	-748.83
Tangible Book Value Per Share	-0.78	-0.79	-0.85	-1.81	-1.97
Buildings	-	434.06	379.49	266.74	317.59
Machinery	-	323.56	291.92	193.51	240.83
Construction In Progress	-	5.9	44.16	108.04	84.32

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