Guangxi Energy 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	2,400	2,106	1,662	2,817	2,710
Trading Asset Securities	3.27	-	-	0.12	20.21
Accounts Receivable	597.55	650.37	700.72	856.78	844.24
Other Receivables	59.07	301.29	97.25	629.07	591.88
Inventory	75.93	203.66	215.29	1,791	1,521
Prepaid Expenses	-	6.93	0.06	1.39	15.97
Other Current Assets	745.7	619.58	181.46	703.36	693.32
Total Current Assets	3,881	3,887	2,857	6,798	6,397
Property, Plant & Equipment	16,691	16,300	11,930	11,562	11,888
Goodwill	168.83	274.31	299.56	317.27	347.61
Other Intangible Assets	448.46	458.56	462.29	465.56	491.83
Long-Term Investments	1,318	1,672	1,782	1,534	2,125
Long-Term Deferred Tax Assets	166.99	206.16	284.85	275.83	220
Long-Term Deferred Charges	44.43	54.6	39.92	36.9	13.48
Long-Term Accounts Receivable	-	-	-	11.99	-
Other Long-Term Assets	366.05	437.32	756.39	745.37	305.61
Total Assets	23,084	23,290	18,413	21,747	21,789
Accounts Payable	1,669	2,641	1,078	2,259	2,164
Accrued Expenses	2.32	45.55	121.33	292.57	298.25
Short-Term Debt	3,210	3,910	3,062	3,010	3,508
Current Portion of Long-Term Debt	1,696	1,503	1,580	1,651	1,156
Current Unearned Revenue	23.74	25.25	9.71	970.69	577.1
Current Portion of Leases	-	11.78	10.3	40.84	5.1
Current Income Taxes Payable	68.09	18.65	12.73	19.14	128.11
Other Current Liabilities	472.63	879.64	787.15	1,122	1,083
Total Current Liabilities	7,142	9,035	6,662	9,364	8,919
Long-Term Debt	9,402	7,374	6,062	5,904	6,860
Long-Term Leases	41.83	1,386	895.21	1,580	1,190
Long-Term Unearned Revenue	44.42	34.32	26.31	17.68	18.96
Long-Term Deferred Tax Liabilities	79.16	129.25	101.04	104.46	174.65
Other Long-Term Liabilities	1,269	324.86	131.88	46.39	190.56
Total Liabilities	17,978	18,284	13,879	17,017	17,353
Common Stock	1,466	1,466	1,466	1,466	1,221
Additional Paid-In Capital	635.61	635.61	643.38	903.05	795.12
Retained Earnings	634.5	889.42	870.41	868.75	1,116
Comprehensive Income & Other	11.77	4.08	2.97	3.56	6.05
Total Common Equity	2,748	2,995	2,982	3,241	3,139
Minority Interest	2,359	2,011	1,552	1,489	1,297
Shareholders' Equity	5,106	5,006	4,534	4,730	4,436
Total Liabilities & Equity	23,084	23,290	18,413	21,747	21,789
Total Debt	14,349	14,185	11,610	12,186	12,719
Net Cash (Debt)	-11,947	-12,079	-9,948	-9,369	-9,989
Net Cash Per Share	-8.15	-8.25	-6.61	-6.39	-7.69
Filing Date Shares Outstanding	1,470	1,466	1,466	1,466	1,466
Total Common Shares Outstanding	1,470	1,466	1,466	1,466	1,466
Working Capital	-3,261	-5,147	-3,805	-2,566	-2,522
Book Value Per Share	1.87	2.04	2.03	2.21	2.14
Tangible Book Value	2,130	2,262	2,221	2,458	2,299
Tangible Book Value Per Share	1.45	1.54	1.52	1.68	1.57
Buildings	-	5,360	5,205	5,116	5,238
Machinery	-	15,333	10,524	10,675	10,459
Construction In Progress	-	1,799	1,895	1,395	1,588

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.