Taizhou Water Group 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	328.86	321.27	447.83	269.76	190.7
Short-Term Investments	-	2.28	3.3	1.77	3.93
Accounts Receivable	159.58	158.25	158.59	134.04	112.44
Inventory	5.23	5.28	4.86	5.26	4.9
Other Current Assets	44.66	19.14	25.85	26.43	25.14
Total Current Assets	538.33	506.21	640.42	437.26	337.1
Property, Plant & Equipment	4,516	4,662	4,698	4,746	3,978
Other Intangible Assets	4.5	1.82	0.23	0.27	0.29
Long-Term Investments	481.64	496.54	529.68	522.16	503.7
Long-Term Deferred Tax Assets	26.41	26.56	25.21	26.23	22.01
Other Long-Term Assets	1.61	2.29	9.82	5.61	15.19
Total Assets	5,568	5,696	5,903	5,738	4,856
Accounts Payable	82.08	113.05	98.52	92.25	63.68
Accrued Expenses	-	43.93	40.42	36.78	40.07
Short-Term Debt	153.21	154.66	150.89	-	-
Current Portion of Long-Term Debt	62.79	20.44	75.54	96.13	89.24
Current Unearned Revenue	14.98	16.47	14.83	14.02	7.82
Current Portion of Leases	-	0.68	0.68	18.83	19.73
Current Income Taxes Payable	5.55	3.81	14.85	16.45	29.39
Other Current Liabilities	613.26	745.86	963.79	1,059	717.73
Total Current Liabilities	931.86	1,099	1,360	1,334	967.67
Long-Term Debt	3,240	3,495	3,332	3,094	2,653
Long-Term Unearned Revenue	112.12	121.97	131.82	141.97	103.6
Other Long-Term Liabilities	1.85	1.78	2	1.71	1.53
Total Liabilities	4,286	4,717	4,825	4,571	3,726
Common Stock	200	200	200	200	200
Retained Earnings	-	430.06	525.64	624.64	602.71
Comprehensive Income & Other	880.8	140.61	146.64	119.27	120.46
Total Common Equity	1,081	770.66	872.27	943.9	923.17
Minority Interest	201.29	207.73	205.59	222.67	207.19
Shareholders' Equity	1,282	978.4	1,078	1,167	1,130
Total Liabilities & Equity	5,568	5,696	5,903	5,738	4,856
Total Debt	3,456	3,671	3,559	3,208	2,762
Net Cash (Debt)	-3,127	-3,347	-3,108	-2,937	-2,567
Net Cash Per Share	-15.64	-16.73	-15.54	-14.68	-12.84
Filing Date Shares Outstanding	200	200	200	200	200
Total Common Shares Outstanding	200	200	200	200	200
Working Capital	-393.53	-592.7	-719.1	-896.61	-630.57
Book Value Per Share	3.51	3.85	4.36	4.72	4.62
Tangible Book Value	1,076	768.85	872.04	943.63	922.88
Tangible Book Value Per Share	3.49	3.84	4.36	4.72	4.61
Buildings	1,442	1,358	1,357	1,323	428.8
Machinery	679.69	637.77	609.42	596.87	341.15
Construction In Progress	232.59	396.99	283.05	305.47	3,183

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