Yunnan Water Investment 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	806.76	1,008	899.24	600.64	428.43
Trading Asset Securities	-	50	-	-	-
Cash & Short-Term Investments	806.76	1,058	899.24	600.64	428.43
Cash Growth	-23.75%	17.66%	49.71%	40.20%	-74.76%
Accounts Receivable	7,460	7,464	7,663	7,040	7,000
Receivables	7,460	7,464	7,663	7,040	7,000
Inventory	144.37	113.78	126.3	129.92	116.04
Restricted Cash	80.17	108.96	135.11	82.79	272.53
Other Current Assets	282.17	232.2	310.99	656.07	145.84
Total Current Assets	8,774	8,977	9,135	8,510	7,963
Property, Plant & Equipment	3,561	4,280	4,577	4,499	4,584
Long-Term Investments	1,084	1,088	1,108	1,095	1,089
Goodwill	-	-	189.08	200.58	342.78
Other Intangible Assets	10,227	9,960	10,634	11,246	12,054
Long-Term Accounts Receivable	17,686	18,749	19,830	19,543	20,021
Long-Term Deferred Tax Assets	127.7	189.71	217.66	329.94	872.13
Long-Term Deferred Charges	-	15.89	12.95	14.49	12.99
Other Long-Term Assets	1,057	1,209	1,142	1,230	1,486
Total Assets	42,517	44,469	46,844	46,669	48,426
Accounts Payable	9,116	9,138	9,490	8,920	5,974
Short-Term Debt	3,010	-	78.94	455.78	4,440
Current Portion of Long-Term Debt	-	2,922	1,719	2,929	16,245
Current Portion of Leases	1.46	1.49	7.3	12.19	14.32
Current Income Taxes Payable	579.25	558.94	620.8	570.42	561.64
Current Unearned Revenue	96.74	123.96	126.08	101.16	87.34
Other Current Liabilities	-	-	-	220.04	-
Total Current Liabilities	12,803	12,745	12,042	13,209	27,323
Long-Term Debt	18,399	18,447	29,185	26,748	7,970
Long-Term Leases	36.03	42.67	43.13	26.82	30.96
Long-Term Unearned Revenue	679.9	683.74	834.35	814.43	817.16
Long-Term Deferred Tax Liabilities	724.24	732.98	768.55	805.29	1,326
Other Long-Term Liabilities	725.11	655.68	520.56	577.02	3,360
Total Liabilities	33,367	33,307	43,393	42,180	40,827
Common Stock	1,193	1,193	1,193	1,193	1,193
Retained Earnings	-5,393	-2,753	-1,014	-325.96	734.39
Comprehensive Income & Other	12,620	11,761	1,807	1,876	3,709
Total Common Equity	8,420	10,201	1,986	2,744	5,637
Minority Interest	729.54	959.94	1,465	1,745	1,962
Shareholders' Equity	9,150	11,161	3,451	4,488	7,598
Total Liabilities & Equity	42,517	44,469	46,844	46,669	48,426
Total Debt	21,446	21,414	31,033	30,172	28,701
Net Cash (Debt)	-20,640	-20,356	-30,134	-29,571	-28,272
Net Cash Per Share	-19.23	-17.06	-25.25	-24.78	-23.69
Filing Date Shares Outstanding	953.54	1,193	1,193	1,193	1,193
Total Common Shares Outstanding	953.54	1,193	1,193	1,193	1,193
Working Capital	-4,030	-3,768	-2,907	-4,699	-19,360
Book Value Per Share	8.83	0.26	1.66	2.30	3.36
Tangible Book Value	-1,807	241.78	-8,837	-8,703	-6,760
Tangible Book Value Per Share	-1.89	-8.09	-7.41	-7.29	-7.02
Machinery	-	5,197	5,179	4,260	4,168
Construction In Progress	-	988.03	972.92	1,497	1,489

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