Guangshen Railway Company Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	4,732	4,145	1,935	1,482	1,300	1,499
Short-Term Investments	-	-	63.9	1.95	172.19	60
Cash & Short-Term Investments	4,732	4,145	1,999	1,484	1,472	1,559
Cash Growth	61.53%	107.38%	34.65%	0.85%	-5.62%	-0.33%
Accounts Receivable	5,737	5,044	6,133	6,240	4,656	4,396
Other Receivables	464.98	982.62	957.96	632.76	462.25	416.53
Receivables	6,202	6,026	7,091	6,872	5,119	4,813
Inventory	360.04	328.99	328.3	289.53	262.65	271.58
Other Current Assets	164.61	294.17	236.27	152.03	116.31	91.77
Total Current Assets	11,459	10,795	9,654	8,798	6,969	6,736
Property, Plant & Equipment	22,391	22,901	23,655	24,639	27,590	28,715
Long-Term Investments	1,055	1,052	805.08	821.44	798.3	849.03
Goodwill	281.25	281.25	281.25	281.25	281.26	281.26
Other Intangible Assets	1,556	1,583	1,635	1,690	-	-
Long-Term Accounts Receivable	-	-	-	16.74	12.23	20.23
Long-Term Deferred Tax Assets	272.78	264.25	465.72	883.84	1,284	698.4
Long-Term Deferred Charges	-	1.01	1.15	32.71	41.8	64.14
Other Long-Term Assets	224.39	65.19	68.79	71.12	64.82	39.38
Total Assets	37,239	36,942	36,567	37,235	37,041	37,403

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	709.79	844	1,112	2,322	3,525	3,113
Accrued Expenses	906	1,015	1,241	1,342	732.13	584.69
Short-Term Debt	-	-	300.18	700.39	-	-
Current Portion of Long-Term Debt	-	-	0.28	10.57	721.27	-
Current Portion of Leases	68.11	67.55	66.5	65.54	64.5	63.25
Current Income Taxes Payable	262.03	3.98	1.64	1.84	2.66	2.6
Current Unearned Revenue	480.37	410.88	322.66	228.53	263.99	112.44
Other Current Liabilities	3,650	4,087	3,834	3,352	3,578	4,164
Total Current Liabilities	6,077	6,429	6,878	8,022	8,887	8,040
Long-Term Debt	-	-	500	780	775	-
Long-Term Leases	1,329	1,330	1,329	1,327	1,324	1,321
Long-Term Unearned Revenue	695.96	710.62	741.96	702.38	747.59	781.56
Long-Term Deferred Tax Liabilities	45.2	46.45	48.94	51.43	53.93	56.42
Other Long-Term Liabilities	173.11	175.97	-	-	-	-
Total Liabilities	8,320	8,691	9,498	10,883	11,788	10,199

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	7,084	7,084	7,084	7,084	7,084	7,084
Additional Paid-In Capital	11,681	11,716	11,641	11,552	11,563	11,563
Retained Earnings	9,513	8,960	8,030	7,466	6,397	8,392
Comprehensive Income & Other	684.36	532.75	354.34	288.75	246.58	204.17
Total Common Equity	28,961	28,293	27,109	26,390	25,290	27,242
Minority Interest	-42.07	-41.84	-40.02	-37.89	-36.5	-37.51
Shareholders' Equity	28,919	28,251	27,069	26,352	25,253	27,204
Total Liabilities & Equity	37,239	36,942	36,567	37,235	37,041	37,403

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	1,398	1,397	2,196	2,883	2,885	1,384
Net Cash (Debt)	3,335	2,748	-196.81	-1,399	-1,413	175.38
Net Cash Growth	150.07%	-	-	-	-	-6.21%
Net Cash Per Share	0.47	0.39	-0.03	-0.20	-0.20	0.02
Filing Date Shares Outstanding	7,084	7,084	7,084	7,084	7,084	7,084
Total Common Shares Outstanding	7,084	7,084	7,084	7,084	7,084	7,084
Working Capital	5,382	4,366	2,776	776.04	-1,918	-1,305
Book Value Per Share	4.09	3.99	3.83	3.73	3.57	3.85
Tangible Book Value	27,124	26,429	25,193	24,418	25,008	26,961
Tangible Book Value Per Share	3.83	3.73	3.56	3.45	3.53	3.81
Buildings	9,493	9,462	9,485	9,392	9,473	9,405
Machinery	7,560	7,810	8,447	16,415	16,325	16,270
Construction In Progress	516.86	713.77	415.12	561.18	1,113	1,589