Concord New Energy Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,983	1,694	2,445	3,471	3,510	2,280
Trading Asset Securities	83.74	55.73	154.45	138.84	10	-
Accounts Receivable	1,849	1,806	1,615	1,659	2,221	1,894
Other Receivables	440.54	895.9	923.17	546.88	849.32	1,001
Inventory	22.26	19.22	46.3	59.2	27.68	12.15
Prepaid Expenses	1,097	343.99	326.71	194.81	183.75	139.94
Loans Receivable Current	1.92	16.18	17.8	16.35	9.91	9.15
Other Current Assets	423.47	3,313	1,457	578.24	640.97	327.61
Total Current Assets	5,901	8,144	6,986	6,664	7,454	5,663
Property, Plant & Equipment	21,999	18,648	18,709	15,436	12,380	9,840
Goodwill	-	659.42	715.62	787.72	816.85	873.56
Other Intangible Assets	705.62	0.41	0.41	0.51	0.61	0.7
Long-Term Investments	2,898	3,034	2,855	2,368	1,860	2,037
Long-Term Loans Receivable	2.35	11.67	30.83	45.24	49.66	20.25
Long-Term Deferred Tax Assets	86.16	61.27	47.27	39.49	37.74	37.65
Long-Term Accounts Receivable	133.07	177.75	269.82	164.99	91.43	66.94
Other Long-Term Assets	1,488	1,393	1,621	1,666	1,355	988.71
Total Assets	33,213	32,130	31,236	27,173	24,045	19,528
Accounts Payable	468.68	589.01	1,672	1,263	1,079	959.97
Current Portion of Long-Term Debt	2,142	2,092	1,869	2,333	1,405	1,472
Current Unearned Revenue	1,601	1,646	2,133	1,432	1,857	993.05
Current Portion of Leases	61.89	33.56	21.82	13.5	11.41	10.56
Current Income Taxes Payable	44.68	50.64	138	101.72	49.46	29.95
Other Current Liabilities	1,123	3,529	1,044	1,375	1,306	864.1
Total Current Liabilities	5,441	7,940	6,879	6,517	5,707	4,329
Long-Term Debt	17,722	14,106	14,666	11,607	10,096	8,079
Long-Term Leases	498.13	418.54	135.49	98.75	77.07	65.55
Long-Term Unearned Revenue	637.31	734.31	1,055	750.84	546.58	533.25
Long-Term Deferred Tax Liabilities	2.77	20.05	57.72	93.52	38.09	4.63
Other Long-Term Liabilities	11.02	4.77	8.06	10.6	17.12	22.54
Total Liabilities	24,313	23,224	22,801	19,078	16,482	13,034
Common Stock	67.42	68.39	72.6	77.44	77.5	72.41
Additional Paid-In Capital	2,495	2,533	2,773	3,068	3,091	2,673
Retained Earnings	6,124	6,093	5,547	4,862	4,220	3,641
Treasury Stock	-22.48	-30.04	-218.97	-240.38	-46.76	-32.2
Comprehensive Income & Other	48.68	50.41	109.6	65.58	72.44	65.43
Total Common Equity	8,713	8,715	8,283	7,832	7,414	6,420
Minority Interest	187.48	191.36	152.38	263.15	148.96	74.63
Shareholders' Equity	8,900	8,906	8,435	8,095	7,563	6,495
Total Liabilities & Equity	33,213	32,130	31,236	27,173	24,045	19,528
Total Debt	20,424	16,650	16,692	14,052	11,589	9,626
Net Cash (Debt)	-18,357	-14,900	-14,092	-10,442	-8,069	-7,346
Net Cash Per Share	-2.32	-1.86	-1.67	-1.18	-0.96	-0.80
Filing Date Shares Outstanding	7,819	7,906	8,024	8,480	8,833	8,211
Total Common Shares Outstanding	7,819	7,906	8,024	8,480	8,833	8,211
Working Capital	459.8	203.81	107.85	147.53	1,746	1,334
Book Value Per Share	1.11	1.10	1.03	0.92	0.84	0.78
Tangible Book Value	8,007	8,055	7,567	7,044	6,596	5,546
Tangible Book Value Per Share	1.02	1.02	0.94	0.83	0.75	0.68
Buildings	-	266	255.6	428.73	503.1	685.92
Machinery	-	16,012	16,685	12,845	10,063	7,780
Construction In Progress	-	3,695	3,017	3,285	2,696	2,011

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