SHA:603693 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	1,614	1,547	1,762	1,292	1,437	1,137
Accounts Receivable	3,606	3,462	3,089	2,655	2,081	1,893
Other Receivables	493.69	494.67	486.48	385.18	11.29	7.29
Inventory	19.53	22.97	18.8	20.54	16.99	19.46
Other Current Assets	154.13	178.94	159.64	258.64	297.78	327.28
Total Current Assets	5,888	5,706	5,516	4,611	3,844	3,384
Property, Plant & Equipment	10,928	11,024	10,886	10,669	10,646	11,149
Other Intangible Assets	56.42	57.62	59.12	50.65	62.8	69.39
Long-Term Investments	750.48	728.99	680.97	662.51	932.94	819.85
Long-Term Deferred Tax Assets	99.65	90.22	62.95	43.95	31.54	28.36
Long-Term Deferred Charges	1.75	1.83	2.15	2.51	2.83	3.38
Other Long-Term Assets	358.52	362.56	415.91	403.63	330.16	352.73
Total Assets	18,083	17,971	17,624	16,444	15,851	15,807
Accounts Payable	835.8	64.08	47.53	37.49	44.72	67.96
Accrued Expenses	14.65	73.33	87.78	103.1	100.37	80.81
Short-Term Debt	202.88	193.12	173.15	-	18.02	15.49
Current Portion of Long-Term Debt	1,116	1,022	690.98	522.47	2,886	629.84
Current Unearned Revenue	0.04	0.25	4.07	3.99	1.08	1.03
Current Portion of Leases	-	86.95	25.32	16.55	12.61	39.13
Current Income Taxes Payable	58.18	53.9	51.37	37.05	31.98	28.32
Other Current Liabilities	331.88	1,089	1,047	1,262	1,504	2,090
Total Current Liabilities	2,560	2,582	2,127	1,982	4,599	2,953
Long-Term Debt	6,393	6,401	7,055	6,878	4,093	6,326
Long-Term Leases	554.03	559.53	491.36	155.33	97.89	29.51
Long-Term Unearned Revenue	42.04	43.42	48.65	54.2	59.74	65.29
Other Long-Term Liabilities	-	-	0.75	0.61	0.58	0.52
Total Liabilities	9,549	9,587	9,723	9,070	8,850	9,374
Common Stock	891.48	891.48	891.48	891.48	891.48	685.75
Additional Paid-In Capital	3,673	3,672	3,673	3,672	3,672	3,878
Retained Earnings	2,613	2,503	2,130	1,846	1,508	1,100
Comprehensive Income & Other	6.43	2.57	6.01	5.51	1.99	0.35
Total Common Equity	7,183	7,069	6,700	6,416	6,074	5,664
Minority Interest	1,351	1,315	1,201	958.14	926.65	768.68
Shareholders' Equity	8,534	8,385	7,900	7,374	7,000	6,433
Total Liabilities & Equity	18,083	17,971	17,624	16,444	15,851	15,807
Total Debt	8,266	8,263	8,436	7,572	7,108	7,040
Net Cash (Debt)	-6,652	-6,716	-6,674	-6,281	-5,671	-5,903
Net Cash Per Share	-7.47	-7.54	-7.52	-7.05	-6.31	-7.27
Filing Date Shares Outstanding	891.48	891.48	891.48	891.48	891.48	891.48
Total Common Shares Outstanding	891.48	891.48	891.48	891.48	891.48	891.48
Working Capital	3,328	3,124	3,389	2,629	-754.59	431.25
Book Value Per Share	8.06	7.93	7.52	7.20	6.81	6.35
Tangible Book Value	7,127	7,012	6,640	6,365	6,011	5,595
Tangible Book Value Per Share	7.99	7.87	7.45	7.14	6.74	6.28
Buildings	-	1,395	1,376	1,401	2,310	2,225
Machinery	-	13,514	13,161	12,818	11,281	11,243
Construction In Progress	-	517.06	292.55	104.78	79.58	7.97

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