Grandblue Environment 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	3,320	4,258	1,523	1,107	1,307	1,017
Trading Asset Securities	-	139.28	-	-	-	-
Accounts Receivable	8,993	5,298	4,894	3,877	2,193	1,228
Other Receivables	123.97	121.08	162.73	201.12	115.48	101.03
Inventory	327.56	225.55	235.21	263.91	270.47	553.51
Prepaid Expenses	-	5.98	6.49	6.73	30.81	3.2
Other Current Assets	1,100	894.57	985.95	976.62	928.95	807.6
Total Current Assets	13,865	10,943	7,808	6,432	4,846	3,711
Property, Plant & Equipment	6,791	5,996	6,138	6,117	5,817	9,668
Goodwill	1,392	413.1	413.1	413.1	413.1	413.1
Other Intangible Assets	26,401	12,121	11,836	10,689	9,430	10,138
Long-Term Investments	2,992	1,381	1,114	760.51	587.11	548.05
Long-Term Deferred Tax Assets	388.91	287.54	263.98	260.99	204.96	170.68
Long-Term Deferred Charges	108.08	98.16	114.82	117.41	99.01	100.17
Long-Term Accounts Receivable	-	7,568	7,723	8,106	7,498	-
Other Long-Term Assets	10,688	496.41	387.59	392.67	384.16	181.03
Total Assets	62,626	39,305	35,798	33,288	29,278	24,929
Accounts Payable	3,407	3,139	3,374	3,453	3,151	2,724
Accrued Expenses	343.04	564.5	516.29	446.87	349.9	388
Short-Term Debt	3,629	3,017	2,464	2,336	1,916	2,218
Current Portion of Long-Term Debt	4,003	2,184	2,269	2,665	1,034	-
Current Unearned Revenue	462.1	370	296.15	237.65	273.2	223.12
Current Portion of Leases	-	64.79	43.83	38.1	233.33	-
Current Income Taxes Payable	511.88	143.78	167.12	95.32	90.57	104.87
Other Current Liabilities	1,349	913.34	777.98	594.52	540.5	2,136
Total Current Liabilities	13,705	10,397	9,908	9,867	7,588	7,793
Long-Term Debt	27,472	11,493	10,847	9,584	9,020	7,064
Long-Term Leases	68.05	71.11	91.53	121.79	111.53	109.12
Long-Term Unearned Revenue	1,400	1,451	1,512	1,550	1,562	1,536
Pension & Post-Retirement Benefits	17.48	18.45	25.1	25.53	25.89	25.19
Long-Term Deferred Tax Liabilities	1,739	611.75	538.12	511.53	434.41	231.16
Other Long-Term Liabilities	102.73	42.73	35.75	34.11	-	-
Total Liabilities	44,505	24,084	22,958	21,693	18,743	16,758
Common Stock	815.35	815.35	815.35	815.35	815.35	766.7
Additional Paid-In Capital	2,440	2,451	2,443	2,455	2,455	1,488
Retained Earnings	10,807	10,058	8,785	7,535	6,573	5,147
Comprehensive Income & Other	150.12	78.31	75.4	73.15	61.51	156.25
Total Common Equity	14,212	13,402	12,119	10,879	9,905	7,557
Minority Interest	3,910	1,819	720.92	716.11	631.09	613
Shareholders' Equity	18,122	15,221	12,840	11,595	10,536	8,170
Total Liabilities & Equity	62,626	39,305	35,798	33,288	29,278	24,929
Total Debt	35,172	16,830	15,715	14,745	12,315	9,391
Net Cash (Debt)	-31,852	-12,432	-14,192	-13,639	-11,008	-8,374
Net Cash Per Share	-39.06	-15.24	-17.37	-16.73	-13.72	-10.69
Filing Date Shares Outstanding	815.35	815.35	815.35	815.35	815.35	766.7
Total Common Shares Outstanding	815.35	815.35	815.35	815.35	815.35	766.7
Working Capital	160.27	546.51	-2,101	-3,435	-2,743	-4,083
Book Value Per Share	17.43	16.44	14.86	13.34	12.15	9.86
Tangible Book Value	-13,582	867.84	-129.95	-223.24	61.81	-2,993
Tangible Book Value Per Share	-16.66	1.06	-0.16	-0.27	0.08	-3.90
Buildings	-	2,486	2,439	2,332	2,279	-
Machinery	-	1,819	1,728	1,561	1,320	-
Construction In Progress	-	274.09	281.6	357.37	335.82	-

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