Guangxi Energy Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	2,524	2,106	1,662	2,817	2,710	2,027
Trading Asset Securities	-	-	-	0.12	20.21	178.19
Accounts Receivable	661.8	650.37	700.72	856.78	844.24	633.12
Other Receivables	61.43	301.29	97.25	629.07	591.88	597.42
Inventory	122.5	203.66	215.29	1,791	1,521	1,760
Prepaid Expenses	-	6.93	0.06	1.39	15.97	4.79
Other Current Assets	662.07	619.58	181.46	703.36	693.32	817.72
Total Current Assets	4,032	3,887	2,857	6,798	6,397	6,018
Property, Plant & Equipment	16,379	16,300	11,930	11,562	11,888	10,565
Goodwill	274.31	274.31	299.56	317.27	347.61	395.04
Other Intangible Assets	443.47	458.56	462.29	465.56	491.83	459.79
Long-Term Investments	1,460	1,672	1,782	1,534	2,125	2,070
Long-Term Deferred Tax Assets	190.71	206.16	284.85	275.83	220	70.42
Long-Term Deferred Charges	44.34	54.6	39.92	36.9	13.48	201.23
Long-Term Accounts Receivable	-	-	-	11.99	-	-
Other Long-Term Assets	392.45	437.32	756.39	745.37	305.61	410.93
Total Assets	23,217	23,290	18,413	21,747	21,789	20,191
Accounts Payable	1,780	2,641	1,078	2,259	2,164	2,825
Accrued Expenses	1.51	45.55	121.33	292.57	298.25	103.08
Short-Term Debt	4,097	3,910	3,062	3,010	3,508	3,139
Current Portion of Long-Term Debt	1,680	1,503	1,580	1,651	1,156	837.71
Current Unearned Revenue	21.82	25.25	9.71	970.69	577.1	920.82
Current Portion of Leases	-	11.78	10.3	40.84	5.1	-
Current Income Taxes Payable	90.9	18.65	12.73	19.14	128.11	18.25
Other Current Liabilities	349.14	879.64	787.15	1,122	1,083	3,900
Total Current Liabilities	8,021	9,035	6,662	9,364	8,919	11,743
Long-Term Debt	8,484	7,374	6,062	5,904	6,860	4,368
Long-Term Leases	1,351	1,386	895.21	1,580	1,190	952.71
Long-Term Unearned Revenue	38.47	34.32	26.31	17.68	18.96	20.24
Long-Term Deferred Tax Liabilities	111.03	129.25	101.04	104.46	174.65	151.22
Other Long-Term Liabilities	2	324.86	131.88	46.39	190.56	190.56
Total Liabilities	18,008	18,284	13,879	17,017	17,353	17,426
Common Stock	1,466	1,466	1,466	1,466	1,221	1,036
Additional Paid-In Capital	635.61	635.61	643.38	903.05	795.12	111.31
Retained Earnings	923.67	889.42	870.41	868.75	1,116	1,116
Comprehensive Income & Other	16.81	4.08	2.97	3.56	6.05	3.49
Total Common Equity	3,042	2,995	2,982	3,241	3,139	2,267
Minority Interest	2,168	2,011	1,552	1,489	1,297	498.52
Shareholders' Equity	5,209	5,006	4,534	4,730	4,436	2,766
Total Liabilities & Equity	23,217	23,290	18,413	21,747	21,789	20,191
Total Debt	15,613	14,185	11,610	12,186	12,719	9,297
Net Cash (Debt)	-13,089	-12,079	-9,948	-9,369	-9,989	-7,092
Net Cash Per Share	-8.94	-8.25	-6.61	-6.39	-7.69	-7.14
Filing Date Shares Outstanding	1,466	1,466	1,466	1,466	1,466	1,244
Total Common Shares Outstanding	1,466	1,466	1,466	1,466	1,466	1,244
Working Capital	-3,988	-5,147	-3,805	-2,566	-2,522	-5,724
Book Value Per Share	2.08	2.04	2.03	2.21	2.14	1.82
Tangible Book Value	2,324	2,262	2,221	2,458	2,299	1,413
Tangible Book Value Per Share	1.59	1.54	1.52	1.68	1.57	1.14
Buildings	-	5,360	5,205	5,116	5,238	4,096
Machinery	-	15,333	10,524	10,675	10,459	6,132
Construction In Progress	-	1,799	1,895	1,395	1,588	5,532

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