Henan Pinggao Electric 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	6,060	7,180	7,130	5,001	3,497	2,774
Cash & Short-Term Investments	6,065	7,180	7,130	5,001	3,497	2,774
Cash Growth	-6.60%	0.71%	42.55%	43.04%	26.04%	18.63%
Accounts Receivable	7,566	7,337	7,144	7,716	6,474	8,043
Other Receivables	82.22	159.72	131.01	117.28	113.38	47.34
Receivables	7,649	7,497	7,275	7,834	6,587	8,091
Inventory	2,229	1,765	1,547	1,426	1,517	1,751
Other Current Assets	745.88	412.17	380.5	253.67	508.32	249.57
Total Current Assets	16,689	16,854	16,332	14,515	12,109	12,866
Property, Plant & Equipment	2,177	2,179	2,158	2,225	2,340	2,521
Long-Term Investments	640.63	630.9	620.69	617.31	223.61	211.45
Goodwill	53.48	53.48	53.48	53.48	53.48	53.48
Other Intangible Assets	1,152	1,194	1,173	1,225	1,306	1,404
Long-Term Accounts Receivable	-	888.72	1,057	1,280	1,460	1,789
Long-Term Deferred Tax Assets	59.52	59.5	149.53	141.93	136.39	98.37
Long-Term Deferred Charges	134.97	119.37	150.95	92.65	215	229.83
Other Long-Term Assets	780.12	147.82	48.45	8.63	3.53	3.32
Total Assets	21,687	22,126	21,743	20,159	17,847	19,175
Accounts Payable	6,814	7,738	8,549	7,438	6,119	7,243
Accrued Expenses	37.84	240.58	95.75	118.82	197.97	176.18
Short-Term Debt	-	-	-	215.53	360.15	657.98
Current Portion of Long-Term Debt	0.52	0.05	0.03	-	-	-
Current Portion of Leases	-	0.48	3.2	0.15	2.74	-
Current Income Taxes Payable	149.97	25.47	26.82	19.34	22.93	9.27
Current Unearned Revenue	1,824	1,730	1,198	1,250	712.5	1,034
Other Current Liabilities	356.71	312.89	625.49	466.91	511.59	480.55
Total Current Liabilities	9,183	10,047	10,498	9,509	7,927	9,601
Long-Term Debt	74.2	74.2	41	-	-	-
Long-Term Leases	2.27	2.43	2.84	0.08	-	0.45
Long-Term Unearned Revenue	0.44	0.44	0.24	0.24	-	-
Long-Term Deferred Tax Liabilities	18	18.13	40.08	35	33.54	36.2
Other Long-Term Liabilities	198.74	215.93	195.59	125.51	148.35	45.09
Total Liabilities	9,476	10,358	10,777	9,670	8,109	9,683
Common Stock	1,357	1,357	1,357	1,357	1,357	1,357
Additional Paid-In Capital	4,887	4,887	4,886	4,886	4,885	4,885
Retained Earnings	5,439	5,024	4,250	3,816	3,075	2,885
Comprehensive Income & Other	-14.54	-20.09	-21.84	-32.84	2.93	9.79
Total Common Equity	11,668	11,247	10,471	10,026	9,320	9,136
Minority Interest	542.6	521.01	493.85	463.52	419.18	356.12
Shareholders' Equity	12,211	11,768	10,965	10,489	9,739	9,493
Total Liabilities & Equity	21,687	22,126	21,743	20,159	17,847	19,175
Total Debt	76.99	77.16	47.06	215.76	362.88	658.43
Net Cash (Debt)	5,988	7,103	7,083	4,786	3,134	2,116
Net Cash Growth	-7.12%	0.29%	47.99%	52.72%	48.11%	97.09%
Net Cash Per Share	4.41	5.23	5.22	3.53	2.31	1.56
Filing Date Shares Outstanding	1,357	1,357	1,357	1,357	1,357	1,357
Total Common Shares Outstanding	1,357	1,357	1,357	1,357	1,357	1,357
Working Capital	7,506	6,807	5,835	5,006	4,182	3,265
Book Value Per Share	8.60	8.29	7.72	7.39	6.87	6.73
Tangible Book Value	10,462	10,000	9,245	8,748	7,960	7,679
Tangible Book Value Per Share	7.71	7.37	6.81	6.45	5.87	5.66
Buildings	-	2,493	2,558	2,516	2,485	2,492
Machinery	-	2,652	2,511	2,514	2,484	2,503
Construction In Progress	-	80.31	72.23	90.27	118.01	87.19

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