CGN Power 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	25,474	20,827	17,026	15,740	14,841	15,828
Accounts Receivable	10,135	10,384	11,872	14,897	17,802	15,906
Other Receivables	836.47	3,705	3,323	2,584	2,538	3,573
Inventory	22,728	22,422	20,350	20,573	17,775	15,248
Loans Receivable Current	-	10.74	14.87	7.49	9.6	15.4
Other Current Assets	21,946	20,544	20,125	18,986	17,539	17,396
Total Current Assets	81,119	77,891	72,711	72,787	70,505	67,966
Property, Plant & Equipment	383,647	367,459	349,330	303,868	302,105	298,384
Goodwill	419.24	419.24	419.24	419.24	419.24	419.24
Other Intangible Assets	8,587	8,624	6,663	5,446	5,205	5,203
Long-Term Investments	17,342	18,320	16,358	15,107	14,276	13,085
Long-Term Deferred Tax Assets	2,804	2,814	2,702	2,555	2,408	2,312
Long-Term Deferred Charges	9,428	9,049	9,139	7,801	6,595	5,103
Other Long-Term Assets	26,940	21,079	14,211	7,267	7,502	7,560
Total Assets	530,286	505,656	471,533	415,250	409,016	400,033
Accounts Payable	24,687	26,923	27,265	30,270	28,062	22,367
Accrued Expenses	53.59	1,635	1,868	904.37	1,049	1,029
Short-Term Debt	46,096	42,151	20,257	14,255	14,745	21,622
Current Portion of Long-Term Debt	33,638	29,943	20,379	23,308	20,679	21,949
Current Unearned Revenue	4,947	6,396	5,584	2,847	2,714	4,125
Current Portion of Leases	-	288.67	290.44	245.11	281.45	273.93
Current Income Taxes Payable	1,853	494.05	754.18	526.04	1,357	913.5
Other Current Liabilities	11,557	9,931	6,302	5,033	7,244	5,041
Total Current Liabilities	122,832	117,762	82,700	77,388	76,132	77,320
Long-Term Debt	215,304	199,870	194,396	161,766	164,567	161,910
Long-Term Leases	709.19	756.69	856.79	482.83	651.29	692.17
Long-Term Unearned Revenue	1,789	1,865	2,090	2,238	2,325	2,361
Pension & Post-Retirement Benefits	44.28	44.28	48.75	50.09	44.77	52.66
Long-Term Deferred Tax Liabilities	1,662	1,642	1,502	1,455	1,386	1,269
Other Long-Term Liabilities	7,588	7,502	6,994	6,567	5,976	5,478
Total Liabilities	349,928	329,442	288,588	249,946	251,083	249,083
Common Stock	50,499	50,499	50,499	50,499	50,499	50,499
Additional Paid-In Capital	-	9,684	20,083	10,794	10,808	10,790
Retained Earnings	64,792	62,052	57,079	51,109	44,778	39,058
Comprehensive Income & Other	10,628	954.36	924.05	833.78	941.9	594.85
Total Common Equity	125,919	123,188	128,585	113,236	107,026	100,942
Minority Interest	54,438	53,026	54,360	52,068	50,907	50,008
Shareholders' Equity	180,358	176,214	182,945	165,304	157,933	150,950
Total Liabilities & Equity	530,286	505,656	471,533	415,250	409,016	400,033
Total Debt	295,748	273,009	236,179	200,056	200,924	206,447
Net Cash (Debt)	-270,274	-252,183	-219,153	-184,316	-186,083	-190,619
Net Cash Per Share	-5.25	-4.96	-4.35	-3.64	-3.68	-3.77
Filing Date Shares Outstanding	50,499	50,499	50,499	50,499	50,499	50,499
Total Common Shares Outstanding	50,499	50,499	50,499	50,499	50,499	50,499
Working Capital	-41,713	-39,871	-9,989	-4,600	-5,628	-9,354
Book Value Per Share	2.49	2.44	2.55	2.24	2.12	2.00
Tangible Book Value	116,913	114,145	121,503	107,371	101,402	95,320
Tangible Book Value Per Share	2.32	2.26	2.41	2.13	2.01	1.89
Buildings	-	85,544	-	76,152	69,998	71,876
Machinery	-	302,959	-	282,799	264,304	257,780
Construction In Progress	-	113,931	85,052	56,324	68,299	57,562

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