Puxing Energy 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	301.64	114.46	130.72	89.43	76.09
Accounts Receivable	118.2	45.92	46.09	60.66	90.86
Other Receivables	-	0.91	3.1	0.32	1.68
Inventory	11.2	58.38	58.47	58.6	58.85
Other Current Assets	-	13.84	12.9	12.94	1.22
Total Current Assets	431.03	233.5	251.27	221.95	228.69
Property, Plant & Equipment	909.76	1,643	1,449	1,534	1,615
Other Intangible Assets	-	0.77	1.43	2.14	0.38
Long-Term Investments	106.43	-	-	-	-
Long-Term Deferred Tax Assets	7.54	5.75	6.12	8.92	5.92
Other Long-Term Assets	13.59	31.38	21.85	12.64	8.42
Total Assets	1,468	1,915	1,730	1,780	1,858
Accounts Payable	101.83	0.77	4.68	0.8	5.45
Accrued Expenses	-	16.02	16.13	19.47	38.05
Short-Term Debt	216.4	120.27	112.87	-	-
Current Portion of Long-Term Debt	-	179.71	374.58	351.26	379.58
Current Portion of Leases	-	-	0.1	0.18	0.25
Current Income Taxes Payable	17.78	20.35	23.09	21.8	29.38
Other Current Liabilities	-	125.99	4.84	111.3	112.59
Total Current Liabilities	336.01	463.09	536.27	504.8	565.3
Long-Term Debt	197.99	532.79	340.8	501	431
Long-Term Leases	-	-	-	0.1	0.08
Long-Term Unearned Revenue	11.44	10.62	10.69	11.09	11.49
Long-Term Deferred Tax Liabilities	15.65	32.09	25.75	17.85	29.8
Other Long-Term Liabilities	-	-	-	-	101.82
Total Liabilities	561.1	1,039	913.52	1,035	1,139
Common Stock	40.15	40.15	40.15	40.15	40.15
Additional Paid-In Capital	-	-	-	-	11.23
Retained Earnings	-	611.14	550.67	482.29	430.36
Comprehensive Income & Other	867.11	224.99	225.31	222.44	237.13
Total Common Equity	907.26	876.28	816.13	744.89	718.87
Minority Interest	-	-	-0.02	-0.02	-0.01
Shareholders' Equity	907.26	876.28	816.11	744.87	718.85
Total Liabilities & Equity	1,468	1,915	1,730	1,780	1,858
Total Debt	414.39	832.78	828.34	852.53	810.9
Net Cash (Debt)	-112.76	-718.32	-697.62	-763.1	-734.82
Net Cash Per Share	-0.25	-1.57	-1.52	-1.66	-1.60
Filing Date Shares Outstanding	454.16	458.6	458.6	458.6	458.6
Total Common Shares Outstanding	454.16	458.6	458.6	458.6	458.6
Working Capital	95.02	-229.59	-285	-282.85	-336.61
Book Value Per Share	2.00	1.91	1.78	1.62	1.57
Tangible Book Value	907.26	875.51	814.7	742.75	718.48
Tangible Book Value Per Share	2.00	1.91	1.78	1.62	1.57
Buildings	-	341.53	341.46	378.1	378.04
Machinery	-	2,597	2,299	2,259	2,253
Construction In Progress	-	0.36	0.29	1.12	1.74

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