Guanghui Energy 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	2,202	1,870	4,342	4,760	5,264	4,717
Short-Term Investments	-	96.49	-	-	-	-
Trading Asset Securities	22.13	22.13	61.94	62.75	69.17	90.94
Cash & Short-Term Investments	2,224	1,989	4,404	4,823	5,333	4,808
Cash Growth	-46.53%	-54.84%	-8.70%	-9.56%	10.92%	9.24%
Accounts Receivable	2,742	2,605	2,923	3,579	5,865	4,296
Other Receivables	374.99	643.52	700.29	1,273	613.45	1,242
Receivables	3,117	3,249	3,623	4,852	6,479	5,538
Inventory	1,563	1,787	1,881	1,351	1,560	1,851
Prepaid Expenses	-	0.01	6.21	6.55	5.27	1.7
Other Current Assets	861.26	484.71	2,433	2,996	2,882	199.6
Total Current Assets	7,766	7,510	12,347	14,029	16,259	12,399
Property, Plant & Equipment	33,762	34,097	33,717	33,005	32,561	38,676
Long-Term Investments	1,292	1,360	1,827	1,768	1,475	1,159
Goodwill	154.98	156.18	506.61	704.53	889.23	169.23
Other Intangible Assets	7,078	7,105	7,249	7,027	6,524	6,496
Long-Term Deferred Tax Assets	552.99	560.39	507.25	184.99	309.11	150.63
Long-Term Deferred Charges	9.22	9.96	11.78	1.25	1.07	0.97
Other Long-Term Assets	98.97	124.77	757.26	2,020	3,571	658.1
Total Assets	50,713	50,923	56,923	58,739	61,589	59,709
Accounts Payable	5,652	4,751	3,342	2,766	3,776	7,488
Accrued Expenses	92.31	288.5	345.3	423.41	769.51	676.93
Short-Term Debt	7,178	7,625	9,698	10,443	8,671	9,894
Current Portion of Long-Term Debt	3,809	2,755	2,842	2,074	2,150	3,554
Current Portion of Leases	-	1,227	1,381	1,549	1,132	17.6
Current Income Taxes Payable	438.34	284.32	421.59	473.07	1,294	610.38
Current Unearned Revenue	1,030	1,041	941.62	1,160	1,387	1,020
Other Current Liabilities	2,380	2,702	2,911	3,020	4,447	3,980
Total Current Liabilities	20,580	20,674	21,883	21,907	23,627	27,242
Long-Term Debt	4,581	4,891	5,936	6,422	7,465	9,799
Long-Term Leases	24.36	1,459	2,150	1,313	1,140	918.36
Long-Term Unearned Revenue	328.86	326.25	310.59	290.18	264.93	188.92
Long-Term Deferred Tax Liabilities	373.98	379.66	420.77	408.19	431.26	405.74
Other Long-Term Liabilities	1,512	53.67	52.64	62.31	51.39	375.32
Total Liabilities	27,399	27,784	30,753	30,402	32,980	38,929
Common Stock	6,392	6,392	6,566	6,566	6,566	6,566
Additional Paid-In Capital	157.46	157.46	160.19	169.28	162.38	54.66
Retained Earnings	17,740	17,504	21,355	22,938	22,995	14,284
Treasury Stock	-	-	-1,399	-923.06	-966.12	-165.12
Comprehensive Income & Other	120.74	166.5	257.52	181.53	109.56	192.63
Total Common Equity	24,410	24,220	26,939	28,931	28,867	20,932
Minority Interest	-1,096	-1,080	-769.2	-594.55	-258.55	-152.15
Shareholders' Equity	23,314	23,140	26,170	28,337	28,608	20,780
Total Liabilities & Equity	50,713	50,923	56,923	58,739	61,589	59,709
Total Debt	15,592	17,957	22,007	21,800	20,558	24,183
Net Cash (Debt)	-13,368	-15,969	-17,603	-16,976	-15,225	-19,375
Net Cash Per Share	-2.07	-2.46	-2.69	-2.61	-2.32	-2.98
Filing Date Shares Outstanding	6,389	6,392	6,392	6,496	6,492	6,516
Total Common Shares Outstanding	6,389	6,392	6,392	6,496	6,492	6,516
Working Capital	-12,814	-13,164	-9,536	-7,878	-7,369	-14,843
Book Value Per Share	3.82	3.79	4.21	4.45	4.45	3.21
Tangible Book Value	17,178	16,958	19,184	21,199	21,454	14,267
Tangible Book Value Per Share	2.69	2.65	3.00	3.26	3.30	2.19
Buildings	-	13,931	13,926	13,064	12,846	12,452
Machinery	-	19,612	19,513	18,677	18,043	17,102
Construction In Progress	2,083	1,894	3,731	5,318	3,832	7,529

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