China Southern Power Grid Technology Co.,Ltd (SHA:688248)

SHA:688248 Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	628.6	1,180	1,717	2,229	1,841	2,280
Trading Asset Securities	1,304	1,002	700.61	300	568	-
Cash & Short-Term Investments	1,932	2,182	2,418	2,529	2,409	2,280
Cash Growth	-7.56%	-9.76%	-4.39%	4.96%	5.68%	64.44%
Accounts Receivable	866.28	805.86	607.21	532.2	491.63	333.35
Other Receivables	10.18	11.2	12.59	15.8	5.84	5.38
Receivables	876.46	817.07	619.8	548.01	497.47	338.74
Inventory	1,007	809.56	798.51	869.97	404.28	228.28
Other Current Assets	511.93	453.22	18.01	35.41	68.88	28.53
Total Current Assets	4,328	4,262	3,854	3,982	3,380	2,876
Property, Plant & Equipment	359.94	380.91	382.41	331.64	158.41	129.64
Long-Term Investments	195.05	186.13	175.86	68.59	-	5.61
Goodwill	23.24	23.24	23.24	23.24	-	-
Other Intangible Assets	118.61	127.93	122.26	97.25	41.61	31.45
Long-Term Accounts Receivable	-	65.75	63.32	27.47	41.22	80.45
Long-Term Deferred Tax Assets	41.91	42.28	40.11	39.07	20.62	11.35
Long-Term Deferred Charges	32.88	29.02	38.44	39.82	19.91	16.31
Other Long-Term Assets	82.62	8.91	10.1	8.77	38.01	7.88
Total Assets	5,182	5,126	4,710	4,618	3,700	3,158

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	537.78	815.69	767.1	697.98	487.46	454.26
Accrued Expenses	85.2	56.94	30.03	44.29	12.17	11.98
Current Portion of Leases	-	31.86	22.08	32.01	13.45	17.52
Current Income Taxes Payable	44.52	3.33	7.28	18.78	0.72	12.75
Current Unearned Revenue	858.23	699.28	637.28	791.43	490.34	173.06
Other Current Liabilities	124.96	67.36	52.48	54.8	36.58	13.68
Total Current Liabilities	1,682	1,674	1,516	1,639	1,041	683.25
Long-Term Leases	45.1	54.68	72.17	81.9	13.96	14.1
Long-Term Unearned Revenue	15.24	13.66	17.81	7.85	14.25	10.19
Long-Term Deferred Tax Liabilities	35.87	41.63	35.8	35.31	11.74	0.84
Other Long-Term Liabilities	40.04	36.8	42.61	32.88	29.97	18.3
Total Liabilities	1,818	1,821	1,685	1,797	1,111	726.68

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	564.7	564.7	564.7	564.7	564.7	564.7
Additional Paid-In Capital	1,716	1,715	1,715	1,715	1,715	1,715
Retained Earnings	1,033	980.04	708.85	518.86	309.77	152.02
Comprehensive Income & Other	0.07	0.07	-	-	-	-
Total Common Equity	3,315	3,260	2,988	2,798	2,589	2,432
Minority Interest	49.38	44.51	37.09	22.59	-	-
Shareholders' Equity	3,364	3,305	3,025	2,821	2,589	2,432
Total Liabilities & Equity	5,182	5,126	4,710	4,618	3,700	3,158

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	76.42	86.54	94.24	113.91	27.41	31.62
Net Cash (Debt)	1,856	2,095	2,324	2,415	2,382	2,248
Net Cash Growth	-6.78%	-9.83%	-3.78%	1.38%	5.95%	62.16%
Net Cash Per Share	3.32	3.73	4.14	4.29	4.17	4.72
Filing Date Shares Outstanding	567.75	564.7	564.7	564.7	564.7	564.7
Total Common Shares Outstanding	567.75	564.7	564.7	564.7	564.7	564.7
Working Capital	2,646	2,587	2,338	2,343	2,339	2,192
Book Value Per Share	5.84	5.77	5.29	4.96	4.59	4.31
Tangible Book Value	3,173	3,109	2,843	2,678	2,548	2,400
Tangible Book Value Per Share	5.59	5.51	5.03	4.74	4.51	4.25
Buildings	-	25.4	25.84	28.45	1.99	1.99
Machinery	-	696.76	646.05	567.57	415.76	356.1
Construction In Progress	-	1.89	4.62	1.9	3.84	6.15

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 3, 2026

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