SPIC Hydropower Co., Ltd. (SHA:600292)

SPIC Hydropower Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	644.11	606.49	712.24	600.69	440.52	454.71
Accounts Receivable	2,882	2,928	2,851	2,951	2,762	2,650
Other Receivables	105.67	79.29	105.6	198.27	223.06	116.96
Inventory	248.93	194.57	203.49	279.11	386.05	421.44
Prepaid Expenses	-	0.05	-	0.02	0.7	-
Loans Receivable Current	-	22.52	22.52	-	1.62	-
Other Current Assets	442.04	254.32	300.24	295.03	390.78	341.09
Total Current Assets	4,323	4,085	4,195	4,324	4,205	3,984
Property, Plant & Equipment	3,468	3,041	3,118	3,474	3,720	4,170
Goodwill	-	-	0.17	0.17	2.03	17.09
Other Intangible Assets	1,364	1,421	1,463	1,535	1,479	497.89
Long-Term Investments	648.31	641.74	630.63	647.99	612.02	616.73
Long-Term Deferred Tax Assets	133.8	133.82	133.53	145.08	157.71	158.23
Long-Term Deferred Charges	107.01	116.29	117.74	103.88	81.3	70.86
Other Long-Term Assets	79.86	64.28	115.42	166.07	174.51	51.9
Total Assets	10,123	9,503	9,774	10,396	10,431	9,566
Accounts Payable	1,909	1,964	1,825	1,936	1,867	1,623
Accrued Expenses	34.76	80.87	49.07	72.83	69.68	78.78
Short-Term Debt	360.19	237.5	648.21	794.28	560	908.3
Current Portion of Long-Term Debt	114.73	317.62	179.06	208.6	221.25	-
Current Unearned Revenue	353.23	318.03	299.32	219.13	248.04	327.43
Current Portion of Leases	-	2.56	2.33	3.84	2.68	-
Current Income Taxes Payable	18.11	13.03	9.2	9.25	6.16	9.39
Other Current Liabilities	232.57	209.1	206.46	309.7	444.52	300.55
Total Current Liabilities	3,023	3,143	3,219	3,553	3,420	3,247
Long-Term Debt	1,328	648.77	843.94	1,167	1,288	700.16
Long-Term Leases	13.39	3.16	7.53	8.49	9.4	-
Long-Term Unearned Revenue	17.43	19.04	20.8	33.42	36.21	60.69
Long-Term Deferred Tax Liabilities	50.46	50.91	59.93	64.69	66.05	42.91
Other Long-Term Liabilities	60.15	53.66	49.87	41.21	32.25	10.03
Total Liabilities	4,492	3,918	4,201	4,868	4,851	4,061
Common Stock	780.82	780.82	780.82	780.82	780.82	780.82
Additional Paid-In Capital	2,987	2,987	2,987	2,989	2,989	2,989
Retained Earnings	1,310	1,254	1,233	1,179	1,223	1,179
Comprehensive Income & Other	130.85	130.74	128.48	124.85	134.74	121.44
Total Common Equity	5,209	5,153	5,129	5,074	5,128	5,071
Minority Interest	422.12	432.1	443.2	454.39	451.92	434.32
Shareholders' Equity	5,631	5,585	5,573	5,528	5,580	5,505
Total Liabilities & Equity	10,123	9,503	9,774	10,396	10,431	9,566
Total Debt	1,816	1,210	1,681	2,182	2,081	1,608
Net Cash (Debt)	-1,172	-603.13	-968.83	-1,581	-1,640	-1,154
Net Cash Per Share	-1.63	-0.84	-1.26	-2.25	-2.07	-1.31
Filing Date Shares Outstanding	780.82	780.82	780.82	780.82	780.82	780.82
Total Common Shares Outstanding	780.82	780.82	780.82	780.82	780.82	780.82
Working Capital	1,300	942.51	975.83	770.47	784.89	736.24
Book Value Per Share	6.67	6.60	6.57	6.50	6.57	6.49
Tangible Book Value	3,845	3,732	3,666	3,539	3,647	4,556
Tangible Book Value Per Share	4.92	4.78	4.70	4.53	4.67	5.83
Buildings	-	1,155	1,165	1,344	1,138	1,099
Machinery	-	5,002	4,934	4,879	5,087	4,975
Construction In Progress	-	155.84	55.23	45.26	38.18	367.53

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.