Guangshen Railway Company 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	3,849	4,145	1,935	1,482	1,300	1,499
Short-Term Investments	-	-	63.9	1.95	172.19	60
Cash & Short-Term Investments	3,849	4,145	1,999	1,484	1,472	1,559
Cash Growth	60.42%	107.38%	34.65%	0.85%	-5.62%	-0.33%
Accounts Receivable	6,129	5,044	6,133	6,240	4,656	4,396
Other Receivables	547.01	982.62	957.96	632.76	462.25	416.53
Receivables	6,676	6,026	7,091	6,872	5,119	4,813
Inventory	349.51	328.99	328.3	289.53	262.65	271.58
Other Current Assets	165.76	294.17	236.27	152.03	116.31	91.77
Total Current Assets	11,040	10,795	9,654	8,798	6,969	6,736
Property, Plant & Equipment	22,608	22,901	23,655	24,639	27,590	28,715
Long-Term Investments	1,057	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	1,569	1,583	1,635	1,690	-	-
Long-Term Accounts Receivable	-	-	-	16.74	12.23	20.23
Long-Term Deferred Tax Assets	270.26	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	139.16	65.19	68.79	71.12	64.82	39.38
Total Assets	36,965	36,942	36,567	37,235	37,041	37,403
Accounts Payable	1,753	844	1,112	2,322	3,525	3,113
Accrued Expenses	411.91	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	-	67.55	66.5	65.54	64.5	63.25
Current Income Taxes Payable	310.19	3.98	1.64	1.84	2.66	2.6
Current Unearned Revenue	497.93	410.88	322.66	228.53	263.99	112.44
Other Current Liabilities	2,846	4,087	3,834	3,352	3,578	4,164
Total Current Liabilities	5,819	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	703.23	710.62	741.96	702.38	747.59	781.56
Long-Term Deferred Tax Liabilities	44.69	46.45	48.94	51.43	53.93	56.42
Other Long-Term Liabilities	174.54	175.97	-	-	-	-
Total Liabilities	8,071	8,691	9,498	10,883	11,788	10,199
Common Stock	7,084	7,084	7,084	7,084	7,084	7,084
Additional Paid-In Capital	-	11,681	11,609	11,552	11,563	11,563
Retained Earnings	9,540	8,960	8,030	7,466	6,397	8,392
Comprehensive Income & Other	12,313	568.6	386.16	288.75	246.58	204.17
Total Common Equity	28,936	28,293	27,109	26,390	25,290	27,242
Minority Interest	-41.78	-41.84	-40.02	-37.89	-36.5	-37.51
Shareholders' Equity	28,895	28,251	27,069	26,352	25,253	27,204
Total Liabilities & Equity	36,965	36,942	36,567	37,235	37,041	37,403
Total Debt	1,329	1,397	2,196	2,883	2,885	1,384
Net Cash (Debt)	2,519	2,748	-196.81	-1,399	-1,413	175.38
Net Cash Growth	400.61%	-	-	-	-	-6.21%
Net Cash Per Share	0.36	0.39	-0.03	-0.20	-0.20	0.02
Filing Date Shares Outstanding	7,069	7,084	7,084	7,084	7,084	7,084
Total Common Shares Outstanding	7,069	7,084	7,084	7,084	7,084	7,084
Working Capital	5,221	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	27,086	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	-	9,462	9,485	9,392	9,473	9,405
Machinery	-	7,810	8,447	16,415	16,325	16,270
Construction In Progress	-	713.77	415.12	561.18	1,113	1,589

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